The fallout when you’re Edged Out
Today, there are more out-of-town investors and the high-quality units get rented to students, not locals, Vasquez, the Donegan family development specialist, said. He’s worried soon South Bethlehem will be 80% student rentals...
The economics of the student housing market mean it’s more lucrative for landlords to rent to college kids, who can pay $3,000 or $4,000 a month..."
Hats off to "lehighvalleylive' for this most excellent article. I highly suggest you read it in it's entirety.
Hats off to "lehighvalleylive' for this most excellent article. I highly suggest you read it in it's entirety.
Reviewing what New Yorkers are now forced to pay and I have little wonder what's going on here. Investors are buying up everything they can get their hands on cheap Then trying to attract New Yorkers.
I'm very aware of all these real estate agents nonsense BS as well. So what if my home is worth 20% more. That means anywhere else I want to go would have an asking price of 20% more as well. Many encouraging buyers to get into a bidding war to drive up the sales price even further. Rents costing me far more monthly then my home does right now.
The increased value of my home is only an advantage for the real estate tax collectors, investors and property agents trying cash in at my expense. This isn't an investment it's my home. At least it will be till these financial finaglers manage to squeeze the wife and me along with all the others like us out of the Lehigh Valley. AND there's not a damn thing any of us can do about it!
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