One of the great things that has happened due to low interest rates, steady (and slightly improving) economy, and the great housing boom of the past couple of years is that neighborhoods that weren’t so great are now being rediscovered, renovated, and rejuvenated (spell check?).
Example? Here in Boston, Dorchester has seen a huge amount of renovation over the past five or ten years. Mean comments aside (see responses to past entries, below), Dorchester has some great areas.
In New York, Brooklyn has really come alive.
My favorite Brooklyn weblog is brownstoner.com. It’s interesting how much the architecture of Brooklyn is similar to the Back Bay. The neat thing is that so many of the buildings in Brooklyn are still single family homes, or are being converted back into single family homes.
One thing that will be lost, sadly, if the housing boom comes to an end, is the renovation and revival of neighborhoods such as these.