Revamping Oakcliff

Growing up, Oak Cliff was always one of those "never-go" there place. It was dangerous. It had crime. It was old. It had drugs. It had gangs. It had shoot outs. Stay away from Oak Cliff. 

But now, the environment is changing. It is no Uptown Dallas. But it does have its quirks. And it is making progress on becoming one of the more trendier areas in the Dallas metroplex. Don't get me wrong, there is still A LOT of work to be done in the area. And I would never stumble into Oakcliff without a fully charged phone, GPS working in tact. It is not somewhere I recommending freely exploring. I usually have it in mind where exactly I am going. But in 5 years, possibly.

One of my favorite redevelopment projects within Oak Cliff is the Kessler Theatre.  There is the before on the left and the after on the right. And the sound. And the natural wood. It is absolutely beautiful. 

Plus the Margaret Hunt Hill Bridge is doing wonders to help people get over there. 

Plus, it holds one of my favorite bars called The Foundry which was a decrepit old building before.

Anyways if you are ever in Oak Cliff check out! 

Property To Invest In...

In my nighborhood of Murphy, Texas I would opt to invest in retail due to the increasing number of residential households in the area. The reason I would choose retail opposed to going into the growing residential field is because based on my experience within the area, I know that there are so many new developments it would be hard to resell my investment if I needed to quickly change my liquidity position. In addition, the trend between residential households and the success of retail space are positively correlated. The median household income of the area of Murphy is 101,372 which indicated a favorable consumer market for retail space if I chose to invest.

Murphy is also considered 18 on the list of "Top 100 fastest growing cities from 2000 to 2008." And according to research, many of the residents are looking for more retail within the area so that theydo not have to drive as far. This direct demand for retail would make for an excellent investment.