Wednesday, July 06, 2005

When All the Crappy Neighborhoods in NYC are Bid Up

When all of the crappy neighborhoods in NYC have been bid up, you can always try to invest your cash in Philadelphia’s slums.

“AT 8 A.M. on a recent Saturday, 40 people boarded a chartered bus leaving mid-town Manhattan in search of financial independence on the mean streets of Philadelphia.

Their mission was to buy relatively cheap Philly properties that will provide positive cash flow as rentals or that can be quickly resold for profit.

Many of these economic freedom riders are New Yorkers, but at least one hails from Australia and another drove all the way from Chicago. Both came especially for the day trip arranged by New York City Cash Flow.”



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