RickyDontLoseThat t1_iut813x wrote
Frankly, it's a little hairy downtown right now. With time things may change. Maybe for the better. The markets are tight everywhere it seems. It's an expensive game of musical chairs.
vtjohnhurt t1_iutnh5w wrote
What do you mean by 'hairy'? Do you mean housing is expensive?
RickyDontLoseThat t1_iuuh431 wrote
No. I mean hobos will be shitting in your doorway and shooting up behind your dumpster. We're kind of in a post-pandemic limbo period where a lot of things are starting back up but the streets are still a little deserted at times and the only people out there are the disadvantaged and homeless. I live and work in downtown Lowell. The rental rates are creeping up too.
vtjohnhurt t1_iuvwh4c wrote
Much of the public urination, defecation, drug use in downtown Lowell comes from the weekend bar crowd. Sidewalk disturbances happen on schedule 1:40 am - 2:05 am Friday-Sunday. Pretty easy to avoid.
Likewise for the 30 minutes when the high school kids are walking home after school.
[deleted] OP t1_iuya6h0 wrote
Thanks for the reply, this is the kind of info I’m looking for
[deleted] OP t1_iutb6ds wrote
That’s what I was afraid to hear, but such is life. What are you seeing these days that’s making you say that?
It’s so odd, you look at these places and they’re beautiful and have tons of amenities, I can’t figure out why they built them where they did.
vtjohnhurt t1_iutncp3 wrote
> I can’t figure out why they built them where they did.
It's a great location if you want to live in an extremely walkable area with economic and ethnic diversity.
[deleted] OP t1_iutwzcq wrote
I mean maybe but I just don’t think it’s a long term play. Malden is arguably worse and they sell apartments for $4k a month just because of the orange line.
There aren’t a lot of Boston commuters in Lowell, so they can’t capture that crowd who is used to paying high rent.
Which is why I don’t understand their play, maybe they feel there’s enough market in and around Lowell to hit their money goal
Either way, I don’t think cultural diversity is what they’re selling.
Sbatio t1_iutz9bk wrote
Lowell is awesome and no matter what part you consider there is a diversity of cost in housing you won’t find else where in the region. (Mansions next to regular housing next to tiny cottages)
The public schools are good and safe until High School then it’s a little rough but that’s partly a function of it being the largest high school in the state. Their academically advanced program gets kids into the Ivy League.
Unchanging Reasons Lowell is uniquely stable financially:
- UMASS Lowel is never leaving and continues to make HUGE financial investments and improvements to the city.
- It’s a National Park, that’s never changing and protects the beauty / history of the city. Also more guaranteed money.
- Medical Infrastructure, as rural hospitals continue to close and have poor outcomes the city’s hospitals continue to grow and expand.
- District Court House isn’t exciting but having it here draws money into the economy.
And! Location Location Location:
a. At the intersection of 93, 495, RT-3 and lesser main roads.
b. At the end of the Commuter Rail to Boston.
c. 35-50 minutes to the beach.
d. 5 miles to tax free NH
e. 35–50 minutes to Boston Logan
f. 4 hours from Lower Manhattan if you leave at the right time. (Closer to NYC than Boston is.)
g. 15 minutes to the closest ski mountain.
h. Vandenberg Esplanade along the Merrimack River. (Beach, boating, fishing, exercise, and beauty.)
It’s also a diverse and integrated city. It’s so rare! Everyone living mixed up together, people from all over the world. There is huge value to kids raised in this city.
There is no place like it!!
vtjohnhurt t1_iuu6sni wrote
> It’s also a diverse and integrated city. It’s so rare! Everyone living mixed up together, people from all over the world. There is huge value to kids raised in this city.
This is a huge value to me a grownup without kids. The walkability makes it a very healthy place for me to live.
wissahickon_schist t1_iuuebmp wrote
Unless LHS has changed dramatically in the past 20 years since I left Lowell, which might be the case- when I was there (class of 03) the hugeness of the school was far from a liability. The state at least used to give a lot of great funding. I was offered a full ride to Phillips Exeter, Bishop Guertin and Lowell Catholic and chose LHS for Show Choir and the Communications Academy. Did a concentration in photography in the CommAcad and have now been a moderately successful commercial photographer for 10+ years.
Again it’s been a long time, but my experience at LHS as a borderline-“gifted” queer white guy with mild ADHD was the best I could’ve hoped for. Coming from Franco and two years at Wang, LHS introduced me to different cultures and religions, and allowed me to safely explore my identity with very few negative experiences.
[deleted] OP t1_ivavi6e wrote
[deleted]
Sbatio t1_iutyf3b wrote
Being a rental property owner is a no brainer in all of Massachusetts. Buy into Lowell if you can.
I have an annoyingly long list of why Lowell is uniquely awesome, if I find it I will share it.
In-Verse t1_iuukb7c wrote
Why do you say that Malden is arguably worse?
[deleted] OP t1_iuw4ww4 wrote
Rent is just too high for what that city is, managed apartments with parking come to $3k+ on average. I'd rather live in Somerville at that rate, Malden isn't far enough away from Boston to have that "quiet" feel, but its not close enough to feel like you're in the action. The city itself is fine, I spend a lot of time there.
In-Verse t1_iuwwd42 wrote
Thank you for your response. I also like Malden. I've had a good time going up Waitts park and walking on the bike path. I am jealous of their Super 88.
I can't believe Malden got that expensive.
[deleted] OP t1_iuxiecl wrote
The food in Malden is great, I particularly love the hotpot place that very clearly used to be a chilis. They kept the interior decor and just added hotpot stuff. Just hard to get something affordable, my friend is paying $2.6k for a 1 bed with one parking spot. If you’re curious to see what I’m talking about check out the “J Malden center” complex. It’s bonkers
Sbatio t1_ivavv7k wrote
I have been thinking about your post and was out for dinner last night. We didn’t want to go home so we took a drive around..down from Tyngsboro, past the Esplanade, over the Aiken St Bridge, down into the Acre, past the new courthouse and went over to Gary’s Restaurant and Bar (a cool spot to check out).
The Acre seems to have all the potential to become a really nice/expensive neighborhood in the next 15-20 years but is yet to start transforming. That means cheaper buy-in, higher growth potential.
But i just surfed through Zillow and there are a lot of gorgeous condos along the river and it looks like supply is building up(market is slowing down) if you can lock in a rate before the next Fed increase and then drag your feel closing on a place you might realize a substantial benefit.
I saw some 2 family houses in South Lowell in the range of 2 bed condo prices (when you include the condo fee). That would be the best investment IMHO.
[deleted] OP t1_ivcl22b wrote
I think the potential is there, the acre especially since it’s bad reputation drives down the cost. But it’s bad reputation (deserved or undeserved) is what’s slowing down development there. The acre could be nice, but nobody cares about it so it continues to rot.
My specific confusion with Jackson street lofts, and Appleton is that they are right next to the homeless shelter. I guess the long game is hoping the homeless population decreases or the shelter is relocated.
Middlesex street specifically, I think is untapped potential for sure. It’s a perfect area for a little strip with stores and restaurants. I think people shy away from it because of the homeless.
South Lowell is probably the hottest area I’d say, it has the best feel overall. One of my coworkers lives there and he really likes it.
I really don’t hate Lowell, it’s just that for me personally it’s not going to work out. We looked because the cost of living is low and we want to buy a house so we need to save money. My fiancée lived there for years, her parents lived there and I went to school there. Everyone seems to think I hate the city. But I’m just being realistic, with one of us having a commute to Boston, it’s a tough sell already. Combined with the lower than average safety, it becomes a very hard sell.
I see Lowell eventually going the way of Lynn, it’s reputation will never die but eventually the property value will start to go up. It is a city screaming for an industry, Macom is definitely really helping the city out by sticking around. Time will tell, but that area of the state is a hothead for RF and Microwave development. Raytheon spawned off a lot of smaller companies in the area over the years.
bbaction101 t1_ivv2wfu wrote
I live in downtown closer to Market St and have noticed that Jackson Street and Middlesex St east of South St is generally fine. The rowdy-ness around the Transitional Living Center is far enough away from the Jackson/Appleton lofts that I wouldn't say it's a significant factor to the safety of the area. Not saying the area is perfect, rather it's about as safe as anywhere in downtown. I experience way more unhinged folks on Merrimack St than around Jackson St.
ironysparkles t1_iuvrfp0 wrote
Amenities as in the apartments made from old mill buildings? They didn't build them there. The mills have been there for forever and they were converted to apartments. It's amazing usable space and every city has issues overall and in certain areas.
[deleted] OP t1_iuw60e5 wrote
Yes they all offer a good list of amenities, all of them have a gym, allow pets, most have keyless entry, rooftop balconies, the list goes on.
And I'm sure you know, but I know they didn't build the buildings. I know what a mill apartment is.
ironysparkles t1_iuw7mz7 wrote
Yes I know the amenities, they offer them because they're desirable! You literally said you don't know why they built the apartments where they did lol
[deleted] OP t1_iuw7zs7 wrote
i'm confused, why would you think i meant build the mill? I meant built the apartments, which they did
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