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Kensington Ave Philadelphia Real Estate, explain? #1065744
08/03/23 01:24 AM
08/03/23 01:24 AM
Joined: Oct 2014
Posts: 1,112
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alicecooper Offline OP
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alicecooper  Offline OP
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The mob technically must have supplied a good amount of drugs into this area over the years, so I'm putting this here because I don't know where else to ask.

Seeing the YouTube videos of people walking Kensington, and just...wow. so I looked on Zillow at those properties. They range from about $50,000-150,000 for 800-1,600 square foot buildings. Some are total shitholes, many have new floors, etc on inside.

How can anyone down there get any monet at all together for a property? And if they can, why would they buy there? Why wouldn't they get further out. Even if it meant renting vs buying.

Is the entire real estate market along Kensington all fueled by taxpayer money to renovate, flip, and then backing new buyers? It doesn't seem like a street that has a reason to exist, let alone invest in.

Re: Kensington Ave Philadelphia Real Estate, explain? [Re: alicecooper] #1065745
08/03/23 01:39 AM
08/03/23 01:39 AM
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Posts: 1,112
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alicecooper Offline OP
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alicecooper  Offline OP
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And I know there are shitholes all over the country, but I'm asking specifically about housing buildings right along Kensington. It just seems like it has to be a taxpayer or grant money scam straight out of Sopranos.


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