I’m looking into a home that is right outside of t...
# housing
a
I’m looking into a home that is right outside of the “good” area. Id save around 300k minimum because it’s outside of the fancy school district. It makes a shabbos walk to shul around 10 minutes longer and the neighborhood is currently a bit more shady. There is also an annoyance with a train track in between. But there is likely to be spillover over the next few years as the nicer area expands. Happened to the town over. Anyone have any pointers to think about when evaluating this?
n
First things that come to mind: • Eiruv • Playdates on Shabbos (if relevant) • Antisemitic neighbors/neighborhood
a
2 is probably the biggest potential issue
Great points!
s
Also think about son nearing bar mitzvah - is it safe for him to walk to minyan on his own? How about maariv (ie in the dark)?
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a
Take a walk there at night to get a feel what it's like. Not feeling safe can create a constant low-level stress that can really wear you down.
l
Also, would it make sense to buy now but only move when you that spillover happens....
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Meanwhile rent it out
a
Great idea @acceptable-angle-23240
t
I think play dates is the biggest issue, but it seems like every Jewish neighborhood grows and grows.
n
Yes, they do, but I remember when I was looking at Passaic-Clifton, the real estate agent asked if we want to pioneer in neighboring Nutley, where we could get much more bang for our buck, and would probably be "settled" soon. 5 years later and Nutley doesn't look like it will become Jewish. Hard to predict where the expansion will be. Risk/reward...
s
Agree with @nutritious-raincoat-28876, nothing is guaranteed. The "other side of Flatbush avenue" still has yet to take off in Flatbush, I know people who bought there decades ago. But Marine Park did! Hard to say...
a
Thanks! All good points to think about
c
@nutritious-raincoat-28876 Maybe thats because you didn't pioneer it 😉 But in all seriousness i know of people that risked moving into a neighborhood without a Jewish presence and had to sell a few years later because nobody moved into that area while other took off. The risk is real, but so is the reward if it pays off.
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