Doesn’t matter if Jamaica is the third most in-demand hood in Queens, it is still ghetto shit, filthy with garbage, horrible streets, crappy retail, problematic people, crime, very noisy even more so during summer and the restaurant scene is well……….shitty for the most part and don’t forget it better “homeless shelter village”. Now is this another ploy from the real estate industry to exploit Jamaica or is it really true, probably a combo of both. One real estate developers look for any weakness in a community to exploit, on the other hand, with such rising prices of homes/apartments (see LIC) out of reach for most people, Jamaica would be the most logical choice and if Jamaica turns around, which probably it will within 10 years, a good investment for the future. And by the way, if people took the time, there are some a good bit of really nice homes all over Jamaica, including some nice old Victorian ones as well. Unfortunately many, especially ones in not great condition and owned by slumlords are being torn down to build big multi family buildings that in some cases are fucking ghetto third world country UGLY.
But notice that Jamaica IS NOT on the list of hottest neighborhoods of 2017, despite it being the number one last year. Again, this tends to be a big marketing ploy by the real estate industry.
From Queens Courier:
These three Queens neighborhoods are among the most ‘in-demand’ in NYC’s real estate market
Queens residents have increasingly witnessed their neighborhoods make headlines for become the next “it” place for renters and buyers, and three borough neighborhoods are on a new list.
PropertyShark interviewed real estate professionals to gauge which neighborhoods would see an influx of interest from buyers and investors and compiled a list of the 12 hottest neighborhoods in New York City this year. There were 203 respondents who are residential brokers, investors and appraisers.
Long Island City and Astoria were numbers 8 and 9 on the list, respectively. The median sales price for a home in Long Island City in 2016 was $825,000, making it the second most expensive neighborhood on the list next to the Upper East Side.
In Astoria, the median sales price in 2016 for a home was $620,000. Astoria made another list of hottest neighborhoods in NYC in 2017. StreetEasy featured Astoria 10th on its list of top 10 neighborhoods this year.
Real Estate professionals also recommended that first-time home buyers head to Jamaica. According to Trulia, the median sales price for a home in Jamaica in 2016 was $418,500. At a real estate conference hosted by QNS in 2016, Queens Borough President Melinda Katz cited the neighborhood as one of the areas that has seen an influx of development in the last few years.
About 74 percent of responders said it’s a smarter choice to purchase a home rather than rent in 2017.
“The market is poised for another record-breaking year for buyers – investors as well as first-timers,” said Dennis Cotto, salesperson at Keller Williams NYC.