PSA: I stopped buying houses in South End after my 2021 flip

Back then, I paid 450k for a condo near the light rail thinking the hype would never end. I put in 50k for a full remodel, but by the time I sold it six months later, the market had cooled and I barely broke even. Now I only look in neighborhoods like Villa Heights where prices are still somewhat sane and you can actually find a yard. Has anyone else moved their focus away from the super hot areas?

2 comments

2 Comments

linda_kelly171mo ago

Consider the hidden costs of those "sane" neighborhoods too. I looked at Villa Heights last year and the older homes there often need a new roof or updated wiring right away, which eats up any price difference. That extra yard means higher water bills and more maintenance time than a condo, so your real profit might not be much better.

abby_martin281mo ago

What about the extra property tax hit?