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Reply to "First time buyer - purchase in an affordable housing neighborhood or buy in a regular neighborhood?"
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[quote=Anonymous]Be realistic, not idealistic. Locations designated for low-income housing are not going to appreciate like unregulated property where the free market dictates prices. The demographics, amenities, stores, schools, and other characteristics will always reflect the "low-income/subsidized" nature of the area, which will not be attractive to more affluent future buyers who want a different environment. Low-income housing will only attract low-income buyers in the future, obviously. Thee may be a place for such properties, but if you're looking to future appreciation you probably should look elsewhere. [/quote]
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