Quote:
Originally Posted by BadNick
My neighborhood is now ~114 years old, established in 1895, and IMO it is an awesome place to live, a very "neighborly", friendly, involved community, etc.; though it is not very rural so if you want a lot of land or just be away from it all this isn't the place. Though it's suburban I'm ~15 min. from center city Philadelphia, I can walk two blocks down my nice, tree-lined, safe street and get anything I could possibly need, there is a commuter train station right there, we have some of the best public and private schools anywhere, parks, recreation, restored old movie house, pubs...all this maintains the demand to live here at a high enough level that real estate values can't really fall significantly unless there is a massive depression far worse than this situation now. If I ever move it will just be to a bigger, nicer house in this same neighborhood.
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I guess I should clarify what I meant by "declining 35 year old neighborhood". One of Denver's suburbs, Aurora went through a monstrous building boom in the '70s. At the time Aurora was one of the fastest growing cities in the country, if not the fastest. Neighborhoods sprouted up like weeds, and many of the homes were cheaply built. Now those neighborhoods are aging badly, the schools are low performing, crime is increasing. The neighborhood I grew up in was built during this time and it has been particularly hard hit. I wasn't trying to say that old homes are bad. My grandparents home in Wisconsin was built right after WWII and it is in a fantastic neighborhood just a 5 minute walk from Lake Michigan, a 5 minute bike ride to a train station that has commuter service to Chicago, and just about every thing else you could want right there. A highly desirable location, and if I got a job in the Chicago/Milwaukee area I would try to find a way to buy that house.