Lol. Sold in 2019 for $90,000, and now they want $1 million? I understand they put in time and money to remodel and flip, but $800,000 more? Jeeze.
Sold for $850,000.
Lol. Sold in 2019 for $90,000, and now they want $1 million? I understand they put in time and money to remodel and flip, but $800,000 more? Jeeze.
Not a chance. They don't even have approval yet.
It’s tied local taxes most statesWhen 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.
Burst how?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
GDP, unemployment rates , and stock market disagree with you .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.
Folks really don’t understand supply and demand .Sold for $850,000.
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.I'm thinking the only thing left that could derail this development is a major recession next year.
URA approves plan to leverage Esplanade development for Pittsburgh infrastructure
The Urban Redevelopment Authority on Thursday voted to approve the first phase of the Manchester-Chateau Transit Revitalization Investment District plan.www.wesa.fm
Some of us like NOT requiring driving 45 min to work or eat .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.
Lotta people going to be very surprised when they realize that isn't going to happen.But I’ve been told everything will be cheaper soon !
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.
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.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.
Gentrifying Hazelwood is still pretty mind blowing. Coming for Braddock next?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.
Hazelwood Green's new apartment development will open in 2027, prioritizing single parents
Hazelwood Green’s new residential development will break ground next year, bringing 50 units to the 178-acre riverfront property.nextpittsburgh.com
Hard to gentrify a flat unused stretch of land .Gentrifying Hazelwood is still pretty mind blowing. Coming for Braddock next?
I mean, people actually live in Hazelwood.Hard to gentrify a flat unused stretch of land .
driving thru hazelwood might be the most depressing thing on the planet. drove thru the main stretch recently.I mean, people actually live in Hazelwood.
There are less funeral homes now, at least. Someday there will be a Panera and a Trader Joe's.driving thru hazelwood might be the most depressing thing on the planet. drove thru the main stretch recently.
yeah i dont see either of those chains doing well in hazelwood. lets start with a dollar general and popeyes then go from there.There are less funeral homes now, at least. Someday there will be a Panera and a Trader Joe's.
Not that long ago I would have said something similar about the east end.yeah i dont see either of those chains doing well in hazelwood.
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.driving thru hazelwood might be the most depressing thing on the planet. drove thru the main stretch recently.
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..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.
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.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.
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.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.
driving thru hazelwood might be the most depressing thing on the planet. drove thru the main stretch recently.
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..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 rulesHey 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.
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 !
That should have been Pitt's new lower campus..... with a nice 50,000 capacity stadium overlooking the Mon.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 am down there pretty often. I can confirm Brew Gentleman rules. To hell with that superior motors guy. You nailed it with him.But Brew Gentleman rules
I did eat at superior motors before the scam artist left
driving thru hazelwood might be the most depressing thing on the planet. drove thru the main stretch recently.
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.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.
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.Do you realize he why housing prices are so high?
This was not an organic increase due to the area appreciating. This happened almost overnight when the covid millions of dollars started flowing into so many hands.If this isnt a sign of a terrible economy, I dont know what is.
But Brew Gentleman rules
I did eat at superior motors before the scam artist left
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.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
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.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.
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.