investing · Personal Finance

Why Metro Real Estate Is Risky

Several days back I stumbled across the following Twitter post:

It’s hard to gauge how significant these numbers are, but one might reasonably conclude they are high in the neighborhoods directly or tangentially targeted by looters over the past two weeks. Keep in mind that crime is already a big issue in the city, and fresh plans to dismantle the police department might not exactly endear folks to the prospect of a safe living state.

This helps explain the danger of property investing within any major metropolitan sprawl. While it is possible to see prices skyrocket due to gentrification or opportunity expansion, there is also the risk that the historically butthurt and irritated will use any viral video as justification to run rampant around the block. The homeowner also stands to pay sweetly in the insurance department, and might need to fight with their policy provider depending on what caveats are built into the offering.

Of course the empowered and metrosexual could argue that other places will keep their police forces, thus reducing the risk to homeowners. Fair enough, but take a look right here:

Badges, guns, and pleasant indifference. Can you really blame them though?