Sunday, November 20, 2011

The Creative Class






Richard Florida, a critically acclaimed scholar, wrote a book a few years ago about The Creative Class.  Lately he wrote that the economic downturn of the last few years, while cyclical, "... must yield a new high-density urban landscape."  Florida goes on to say that in order for cities to be economically and sociologically successful they cities must amp up their "urban metabolism" by attracting a "creative class."  That creative class, consisting of  artists, Internet types, writers, academics, business visionaries, medical researchers, tech super-nerds and "high bohemians."  High-bohemians translates to gay (LGBT) and gay friendly.  I am only drawing an analogy here: according to the Pew Charitable Trust "State of the City" report, the Wash West area (gayborhood) is one of a only a small number and the number three area of the city that is actually witnessing an increase in property values over the last two years. The condos and single family properties in the Gayborhood today are moving briskly and there is limited product. LGBT and their allies are the creative class and they are living in one of the only areas increasing.  Is Florida's prediction coming true? Shouldn't the government be funneling more instead of less resources to this class?  Shouldn't the city be embracing seminars like TEDX  hosted by Chris Bartlett.  This is the type of economic development that the city might be better off pursuing.

Saturday, October 29, 2011




The numbers are in and the Gayborhood is rising in home values.  The Pew Charitable Trusts produces an annual State of The City for 2011 and  real estate values in Philadelphia overall have tumbled 10% from 2008 through 2010.  Not too bad as ccompared to the rest of the country but still not a good thing.  However, the Gayborhood is one of the few communities in Philadelphia that has actually GAINED value since 2008.  The Pew study  states that the area encompassing 19107, where the Gayborhood makes up a good portion of the zip code, has increased in value by 27%.  The city as a whole has experienced a 10% haircut in values.  This is one of the best times in history to be a buyer and the Philadelphia real estate market has sections that are hot.  Contact us for more information to see if you can get a pre-foreclosure or short sale and STOP renting.  Become one of the 1%.   Gayborhoodrealestate.info
 Jackbarry@kw.com