/biz/ - Business & Finance

>>53576876
I am doing this already, have posted about it in a few threads before.
It's easy to spot a gem before it develops:
>high black/latino population (preferably latino)
>close to public transit (preferably rail transit)
>crime decreasing, avg neighborhood wealth increasing
>adjacent to established gentrified neighborhoods
>school ratings slowly improving (I mean like a greatschools 1 ranking to like a 3)
>signs of new construction starting
>new coffee shops and restaurants, preferably mid to high-end

I live in Chicago and there are at least 5-10 neighborhoods where this is in full swing or just starting to happen. The city itself is becoming richer and whiter pretty quickly, especially as people start to return to the office. You can make a great long-term play in some of those rapidly gentrifying neighborhoods, but expect your property tax bill to jump with it and include that in your calculation.