Agreed. It’s all about location, location, location, not the actual structures.
I like those old bungalows, but plenty of people would say “half a million dollars for that little dump?”. Guess that’s why I live in an 1,100 sq. foot apartment in Queens, that I bought for the same price as a McMansion in flyover country. I’m a sucker for Old World charm and big city hustle and bustle. Did I say I was a sucker? Yeah, a really BIG sucker, since next to California, New York is the most mismanaged rip off state in the country. But what can I say, I love being a stealth Conservative in Liberal land.
But they’ll find some way to salvage these eroded areas. Beachfront property in the New York area is too desirable for people to just throw up their hands and walk away. If they could gentrify the most run down, dangerous areas of Manhattan, like the Lower East Side and Hell’s Kitchen, and turn them into a Disney Land for upscale hipsters, they’ll find a way to restore Long Beach and the Jersey Shore.
I love the charm of bungalows. And, I have always wanted to live in a brownstone...for about a year. Then...back to trees.