Quote:
Originally Posted by skyhigh07
I hear ya. Obviously, its horrible and something needs to change. I’ve been observing however, it seems as if the market and demand has baked in the crime impact. Building permits and development are at record highs in the city. Perhaps, there’s an enormous market of young, single professionals that are emerging who aren’t getting married until their late 20’s/30’s and have no reason to live in a three bedroom house with a yard in the burbs. Perhaps they’d even take living in a high crime city over it.This is speculation on my part but my gut feels like this might be true.
Also, if you look at the layouts of a lot of these new developments, they’re definitely not oriented for young families. Rather, they usually pack in a bunch of small yet attractive units with lots of amenity perks targeted for upper middle class recent college grads. Sure, you throw in a few Laurels and Arthauses into the mix but the aforementioned residential model seems to be what’s booming right now.
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I can kinda speak to the bolded, though I'm a slightly different case, as I grew up in a high-crime neighborhood in the city. My fiance and I are both young (25 and 26, respectively) professionals who are currently looking to buy in the city. My fiance is not as passionate about city living as I am, but she would still prefer to be in the city. Though we are on track to get married and will certainly have kids in the next 5+ years, we're looking to stay for the long-term.
To us, crime can happen anywhere, but experiencing it can be minimized. We currently live in Fairmount, which has very minimal crime. If I were to ignore the news, then it would seem as though crime doesn't exist in the city. The areas that we're looking in (mostly the Northwest) are very similar. Additionally, I always tell people that as long as you're not involved in the lifestyle and remain vigilant, then you have very little to worry about. Random crime isn't non-existent, but the vast majority of violent crime in the city is targeted. I feel like a lot of people in my age group not only know and accept the risks, but we're also cognizant of exactly why many neighborhoods in Philadelphia declined--deindustrialization, combined with blockbusting, redlining, and the fact that this country effectively subsidized the growth of auto-oriented suburbs.
If I'm being honest, I feel a greater sense of danger out in the suburbs than in the city. My chances of being hit by a car due to auto-centric suburban design are MUCH higher than my chances of being a victim of a crime here in the city.