Quote:
Originally Posted by Hondaracer
I used the term ghetto relatively. IMO there are very few "bad" neighbourhoods in the lower mainland where I wouldn't walk at night etc. parts of surrey, downtown east side, etc and even then it's not like your gonna get shanked in these places.
I just find a lot of new west is very old and run down. Neighbourhoods with decent houses around have old cracked side walks, unkept trails/green spaces, the odd delapidated property here and there.
As well, new west throughout seems to have a ton of old run own businesses, thy area where the save on etc is seems like its been somewhat rejuvenated but everything else around it is kind of grungy and run down.
New west also has a shit load of the older low-rise rental units. Some I'm sure are fine but a lot of them just look like te type where your unsavoury characters probably reside.
With that said, all those factors could be ideal in finding some actual "value" for once, and odds are eventually te areas I'm talking about will be updated or torn down. Lots of development opportunities with all those old rental building.
|
Fair enough. I guess it's up to the individual if they can handle being in the middle of all of this and wait it out for gentrification.
I also think about opportunity cost of time as well. If it takes 20 years for the area to clean up and I'm 50 years old, is it going to be as enjoyable to me or am I going to want to start looking at place I can retire at? At that point I'm not reaping the benefits of the place I waited so patiently for.