Real Estate Tip: Buy a house right outside of the hip new neighborhood.







Another tactic is to look at neighborhoods that have recently been gentrified, with lots of restaurants, cafes, and parks. Then, don’t buy a house there — those houses have already appreciated, and may be out of your price range anyway. Instead, buy a house in the next neighborhood over.

This “halo effect” has been shown to work in a bunch of cities including New York, Charlotte, and Chicago.
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