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For only $869K, you can live on Mexican War Streets

When I still lived in Pittsburgh, that was a big reason why I didn't buy a house in the Wilkinsburgh part of Regent Square. Their property tax rate was astoundingly high, so if you fixed up a property and it was reassessed, then you are screwed and it wasn't even not even worth considering.

Shame that the schools are tied into the local taxes in PA. I think it hurts some areas from improving.
It’s tied local taxes most states
 
There is new construction in East Liberty going for $800K

East Liberty.......

Google is there, and professionals from Seattle among other places think they are getting a steal.

As another poster has stated,

That bubble will burst
Burst how?
You think a flood of new housing would help in the east end is eminent ?
 
Real income is down from 4yrs ago. Feds have raised rates 11 times under biden. That helps to hide inflation which is still high. Credit card debt at highest since I think 2009. Economy is not in good shape. There's a bubble.
GDP, unemployment rates , and stock market disagree with you .
 
I'm thinking the only thing left that could derail this development is a major recession next year.

I'm still somewhat skeptical that it will happen. We've had so many projects downtown that never started after much hoopla announcing them. But we'll see.

The thing that has to happen to make this a success is to extend the T down that way. There's no point bothering, in my opinion, if they don't think they can get that done.
 
there is a ton of less expensive land all over the area and not far from pittsburgh. i am from south hills but golfed a beautiful course out in greensburg called totter ridge. dont get out to the hempfield/greensburg area very often but on the drive out, took the back roads (dont ask why) and just couldnt get over how much land there was and we were only 20-30 minutes outside of the city. and i know westmoreland county real estate is not expensive..

the western pa housing market is pretty reasonable. and you dont have to move that far out in the sticks to get it. to each his own but i cant understand for the life of me why anyone over the age of 25 wants to live in the city. but again, to each his own i guess.
Some of us like NOT requiring driving 45 min to work or eat .
Others actually like having a social life which requires living near others .
 
I'm still somewhat skeptical that it will happen. We've had so many projects downtown that never started after much hoopla announcing them. But we'll see.

The thing that has to happen to make this a success is to extend the T down that way. There's no point bothering, in my opinion, if they don't think they can get that done.

Allegheny station was built to be a temporary end point. It's funny that the conductors need to park and walk to the end of the train to leave.
 
Allegheny station was built to be a temporary end point. It's funny that the conductors need to park and walk to the end of the train to leave.
I know the plan was always to keep building it out, but I'm not sure where the money comes from for that. They aren't throwing around much public transit money these days.
 
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speaking of unfinished projects, anything new with the hazelwood project? I think we are going on 20 years now with the city telling us how nice this will be.

just looked it up. i guess this is something.


Gentrifying Hazelwood is still pretty mind blowing. Coming for Braddock next?
 
There are less funeral homes now, at least. Someday there will be a Panera and a Trader Joe's.
yeah i dont see either of those chains doing well in hazelwood. lets start with a dollar general and popeyes then go from there.
 
driving thru hazelwood might be the most depressing thing on the planet. drove thru the main stretch recently.
Only matter of time before Hazelwood fully benefits from the recent Green development. Hell, people said the same thing about Lawrenceville not so long ago.

If I were thirty years younger, I'd buy some distressed property on or around Johnston Ave.
 
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Only matter of time before Hazelwood fully benefits from the recent Green development. Hell, people said the same thing about Lawrenceville not so long ago.

If I were thirty years younger, I'd buy some distressed property on or around Johnston Ave.
i hope so, i truly do. it's a depressed area man. was always intrigued by this hazelwood / almono project. dang, it was like 15+ years ago when upmc was rumored to be putting some R/D lab there before pulling out. just no clue why the delay unless they flat out lied about having signed deals with commercial accounts coming there..

this land has been clear and purchased for over 22 years. so lets not call it "recent." 22 years isnt recent. renaming it hazelwood green from almono doesnt reset the clock. it shouldnt take a quarter century to get something going there.
 
i hope so, i truly do. it's a depressed area man. was always intrigued by this hazelwood / almono project. dang, it was like 15+ years ago when upmc was rumored to be putting some R/D lab there before pulling out. just no clue why the delay unless they flat out lied about having signed deals with commercial accounts coming there..

this land has been clear and purchased for over 22 years. so lets not call it "recent." 22 years isnt recent. renaming it hazelwood green from almono doesnt reset the clock. it shouldnt take a quarter century to get something going there.
Maybe "recent" is not the best word to use when describing Hazelwood Green, but I stand by what I said. Slow progress for sure, but there are many good things going on and where it is situated to be feel optimistic. I lived in Hazelwood for a good part of my youth and I am rooting for its renewal. Maybe I am biased.
 
Is affordable housing really that big of a problem in Pittsburgh? I'd have to think there are a plenty of neighborhoods within the city limits that have decent size homes that are priced in an affordable range.
Relative to prices in bigger cities, we're probably average. That's why the outlying suburbs keep growing. Lots of abandoned houses....and Gainey wants projects to brag about.
 
Hey Nothing can be more depressing than driving down Braddock Avenue in Braddock. Especially for someone like me, who can remember when Braddock was a thriving community.
Mike, i was driving down the hazelwood main road with my dad a few years ago before he passed. he was telling me that his grandfather worked at the mill there and on fridays, pointed to me where it was and said that every friday, his grandmother (the wife) and all the other wives would actually wait outside of the mill at the corner cause the husbands got paid that day..

lol, the women wanted the money before the husbands would hit the bar. with their week's pay. thought that was funny (and depressing). but those were the times i guess.

Another story, my buddy was working with an older guy and his hazelwood story was that when he was like 6 or 7, he'd catch catfish in the river right there and he'd sell them at the bar where they'd cook them right there outside the bar for the guys coming off shift at the mill.

Thought that was a cool story, forget how much he sold them for but probably pennies. Hazelwood is rich in history, that's for sure..
 
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Hey Nothing can be more depressing than driving down Braddock Avenue in Braddock. Especially for someone like me, who can remember when Braddock was a thriving community.
But Brew Gentleman rules
I did eat at superior motors before the scam artist left
 
Hazlewood needs to solve the transit bottleneck that will only get worse with more housing and jobs there. Idiot Peduto once proposed a private bus line from CMU through Panther Hollow, but I don't see why a public transit line going through there couldn't work.
 
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I’d be more concerned if I lived in cranberry and greensburg that those folks move to the city collapsing those markets .

But I’ve been told everything will be cheaper soon !

Yes because politicians have shown throughout history that they can control home and food prices, not the free markets.
 
i hope so, i truly do. it's a depressed area man. was always intrigued by this hazelwood / almono project. dang, it was like 15+ years ago when upmc was rumored to be putting some R/D lab there before pulling out. just no clue why the delay unless they flat out lied about having signed deals with commercial accounts coming there..

this land has been clear and purchased for over 22 years. so lets not call it "recent." 22 years isnt recent. renaming it hazelwood green from almono doesnt reset the clock. it shouldnt take a quarter century to get something going there.
That should have been Pitt's new lower campus..... with a nice 50,000 capacity stadium overlooking the Mon.
 
driving thru hazelwood might be the most depressing thing on the planet. drove thru the main stretch recently.

I think the formula is:

Level of bustlingness during the Industrial Revolution, divided by proximity to river in yards, times number of Dollar Generals, plus number of places you can cash your paycheck a few days early, to the power of number of pawn shops that openly advertise selling guns, multiplied by the square root of number of abandoned churches, plus length of the main drag x number of (hopefully no longer inhabited) houses along it that appear like they might blow away in a 35 mph wind = Depression.
 
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I know the plan was always to keep building it out, but I'm not sure where the money comes from for that. They aren't throwing around much public transit money these days.
There is a lot of construction downtown related to the BRT project. The federal government handed out $150 million to make the bus ride from downtown to Oakland 20 seconds faster.
 
Do you realize he why housing prices are so high?
He has no idea it's simply inflation. Had covid not happened, I'd still be buying houses for close to what I was 5 years ago in my neighborhood.

True story. In March of 2020 I bought a house for $5,000 at sheriff sale. Nobody else even bid. We're talking about 500+ property sharks who wouldn't bid on an occupied and liveable house (meaning it wasn't garbage, had a good roof, etc).

3 months later, after everyone was rich with covid money, the house across the street went for $35,000 with tons of bidders. Same deal with all the other houses in the area. Too much money chasing shit does that. Not a good economy. I don't understand how hyperinflation means the economy is good. My rents did not increase nearly enough to cover inflation related expenses.
 
But Brew Gentleman rules
I did eat at superior motors before the scam artist left

it was amazing how the media still loved him and continued to fawn over him when he opened that place in Mt. Oliver with the $39 pizza. I think they did start to wise up and someone at the PG finally ran an investigative piece on him and his dealings.
 
There is new construction in East Liberty going for $800K

East Liberty.......

Google is there, and professionals from Seattle among other places think they are getting a steal.

As another poster has stated,

That bubble will burst
Not unless those companies stop hiring from out of town and/or stop paying those salaries. $800k is a non issue if you’re used to prices in Seattle or San Francisco.
 
Is affordable housing really that big of a problem in Pittsburgh? I'd have to think there are a plenty of neighborhoods within the city limits that have decent size homes that are priced in an affordable range.
Pittsburgh has been a bit lower cost real estate for a long time. But the housing market is pretty old and the suburbs aren't all expensive.
The mansionets are about in line with other central U.S. cities. The market on the coastal states is a different world.
 
That slumlord comment is bullsh@t. The last house I bought for $20,000 appraised for $365,000 after renovation. I do high end stuff. My average tenant stay is 3 years and I have the highest rents in my neighborhood. You have no idea what my stuff looks like after renovation. In general, I'm a fan of your posts.

Anyway, no. That's pure inflation. The money is not worth what it was. They can only afford higher prices because they got free covid money. Houses do not go up 700% in 3 months. That is not economic growth.

Homes did not increase in price solely because they got a couple Covid checks. It helped a little, sure but the low rates, lack of inventory, and the 2021 recovery roaring back had much more to do with it. Mostly 2% rates and lack of inventory though. Funny how supply and demand work. High demand, low supply = high prices.
 
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