Reasons for flipping houses in Pittsburgh
- High-tech companies like Google, Uber and Facebook are relocating core business units there. This has to do with strong engineering programs at schools like Carnegie Mellon.
- Pittsburgh is experiencing one of the biggest shifts in age demographics across the country. As the city becomes "younger" and the workforce more "high-tech," average household income is rising. This has a direct impact on home values.
- The City has 88 distinct neighborhoods, each with its own "downtown" strip. These downtown areas provide a great starting point for gentrification as the infrastructure is already in place and ready for upgrades.
- In addition to the new high-tech jobs, the city has strong roots with banking, health care and a new "right-sized" heavy industry.
- The City government seems to have a positive relationship with local developers and has established programs to encourage and enable sustainable development.
In summary, there are a lot of tailwinds blowing in Pittsburgh's favor. The combination of job growth, human capital, cost of living and functional government gives us reason to believe Pittsburgh is a core market we're excited about growing.
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