Rebuilding Place in the Urban Space

"A community’s physical form, rather than its land uses, is its most intrinsic and enduring characteristic." [Katz, EPA] This blog focuses on place and placemaking and all that makes it work--historic preservation, urban design, transportation, asset-based community development, arts & cultural development, commercial district revitalization, tourism & destination development, and quality of life advocacy--along with doses of civic engagement and good governance watchdogging.

Tuesday, December 17, 2013

In search of the next hot neighborhood

The investment supplement in yesterday's Wall Street Journal has a piece (with the title above) with advice on how to identify up and coming neighborhoods where you can buy a house and expect extra-normal returns.

Key are location, historic building stock, and favorable demographics and nearby job centers.

What Live Baltimore calls the "one-over neighborhood" (see "Shaw (and Mid City East) as a one-over neighborhood: revitalization, displacement, gentrification as a function of critical mass and timing"), they call "the halo effect," quoting Stan Humphries from Zillow.

It does provide some cautionary examples of places that don't succeed, in part because of a lack of local jobs, or nightlife.

I like the article for the graphic of the tips.

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4 Comments:

At 5:41 PM, Anonymous h st ll said...

Funny to see the WSJ list "government investment in infrastructure" as something to look for (and as a big positive).

Good article, though.

 
At 6:49 PM, Blogger Richard Layman said...

it's definitely key. E.g., I aver that the NY Ave. Metro (now NoMA) is one of the most significant events that helps H St. NE, by changing the willingness of people with choices to live north of H St.

That investment is what convinced me that the most effective public investment in revitalization, if done right, is in transit-transpo and converted me to transpo planning.

 
At 9:07 AM, Anonymous charlie said...

also this:

http://www.bloomberg.com/news/2013-12-20/london-s-nappy-valley-home-price-gains-outdo-luxury.html

 
At 11:13 AM, Anonymous h st ll said...

Yeah, it seems like a no-brainer. But conservatives typically don't want any infrastructure investment (well to be fair they are ok with highways and roads).

 

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