Home Buyers Supermarket in Allentown:...

Home Buyers Supermarket in Allentown: Free event is geared towa...

There are 13 comments on the The Morning Call story from Mar 4, 2009, titled Home Buyers Supermarket in Allentown: Free event is geared towa.... In it, The Morning Call reports that:

Now's the best time to buy a house in Allentown. That's the message Allentown Mayor Ed Pawlowski and housing representatives sent out Wednesday morning in announcing the "Home Buyer's Supermarket," a free event ...

Join the discussion below, or Read more at The Morning Call.

phoenix

Center Valley, PA

#1 Mar 4, 2009
A-town sucks...get real
bobby g

Macungie, PA

#2 Mar 4, 2009
Would you prefer to live in shooting or non-shooting?
Yocco

Cupertino, CA

#4 Mar 4, 2009
If you can't handle shooting, move to the suburbs. Wusses. Our founding fathers are laughing at your lack of backbone.
tom

Riegelsville, PA

#5 Mar 4, 2009
It's going to be mighty dark in there, who else would want to live in Craptown, PA.
Low cost of living

Rego Park, NY

#6 Mar 4, 2009
The four previous comments must be from people that could not afford the average $115K house referenced in the article. Why - I have no idea - but one thought is they must not be able to scrape together the 20% down payment ($23K) and a few bucks for closing costs ... If they could the cost of a mortgage of $92,000 (115K-23K) is approximately $500 per month -- add tax and insurance and it will be less than $700 / month. That is an awesome Value!
LV GO

Bethlehem, PA

#7 Mar 4, 2009
Still good idea but with atown taxes you are looking at 950 not 700 month. Plus they are going no where but up.
In My Opinion

King Of Prussia, PA

#8 Mar 4, 2009
What kind of house can one buy in Allentown for $115K? A row home infested with roaches?

I wouldn't want to live in Allentown -UNLESS the scums move out. Then and only then would I even think of considering it.

On the other hand, let the scum stay in Allentown then they stay away from where I am - and they're closer to the Welfare office. Yeah, I'm much better off where I am and I work for a living.
comment

Korea

#9 Mar 6, 2009
18101 16 homes Range
$129k -$42k (approximate mortgage $188 per month)

18102 377 homes Range
$424k -$31k (approximate mortgage $140 per month)

18103 289 homes Range
$5.5 million -$28k (approximate mortgage $127 per month)

18104 258 homes Range
$1.4 million -$89k (approximate mortgage $395 per month)

940 homes in Allentown Zip Codes (not all are in City of Allentown)

Under $120k
18101 20
18102 281
18103 49
18104 5

The 1st/6th ward is starting to look pretty attractive, but only 20 properties for sale. Either families are entrenched and own their homes, or they are all rentals already. If there is HUD urban redevelopment and Front Street is widened, I could envision a regeneration of this neighborhood, as it is only 3 block x 7 or 21 square blocks. You get Front Street widened, park cleaned up, marina and boat houses, Neuweiler cleaned and redeveloped and at least homes on east side of Front torn down and Front Street widened, you have opportunity for attracting young, urban, professional in arts and well as knowledge professionals to live downtown and be in this area. This actually way never that bad, it was just always a labor working class neighborhood with big families. The majority of the homes were build 1890s and are solid. The worst inventory was torn down in last HUD project there after Hurricane Agnes.

18103/18104 very little inventory left. It will get snatched up quickly of those looking to upgrade out of the Kill Zone.

18102 essentially 4th to 16th and Sumner to Fountain. The Kill Zone. Not all is bad, but I would venture to guess that this inventory of 281 is going to be the hardest to move for home buyers. They would be candidates for investment properies, if any buyers.

Again, if I were Pawlowski, I would attack the fringes on this and devise a program that takes advantage of federal programs, but then local program of lenders and city for $5000 first time home buyer program grant. They must have held continuous employment with same employer for at least 5 years, a FICA score that is satisfactory with bank, go through home ownership counseling and have a financial planner/written plan on how they can afford this purchase. If so, I would have no problem of giving a working family or a young person $5000 from city to start a life in Allentown. It should be directed first at 18101, 18103, 18104 to ensure ongoing stability and not deterioration of these neighborhoods.

The 281 in the urban core is a harder issue and it takes entrepreneurs/opportunists in the free market to step in and take up this much inventory. The government could help by reducing some of the inventory of some units which are not architectural significant and border either schools or parks and just purchase them and tear them down.

I suspect the number of homes in these zip codes will not dip under 800 and will rise to as high as 1300 over the next 2 years with 18102 not getting under 200 in inventory before 2013.






observer

Allentown, PA

#10 Apr 24, 2009
That was a really intelligent post. It shows me that there ARE opportunities in Allentown.
comment

Korea

#11 Apr 24, 2009
Yes, but opportunity comes with the right kind of housing programs, tax structures and leadership of your local municipality.

In this regards, Allentown comes up 0-3 and strikes out.

Pawlowski must go.
STEELERSROCK

Emmaus, PA

#12 Apr 24, 2009
Low cost of living wrote:
The four previous comments must be from people that could not afford the average $115K house referenced in the article. Why - I have no idea - but one thought is they must not be able to scrape together the 20% down payment ($23K) and a few bucks for closing costs ... If they could the cost of a mortgage of $92,000 (115K-23K) is approximately $500 per month -- add tax and insurance and it will be less than $700 / month. That is an awesome Value!
You are a moron. Those Atown homes aren't worth $70k and that's all they were selling for pre bubble. Guess what, prices are falling and before this bubble is done crashing those Atown scum joints will be selling for under $70k.

You need to check yourself!

http://patrick.net/housing/crash.html

http://www.topix.com/forum/source/the-morning...
STEELERSROCK

Emmaus, PA

#13 Apr 24, 2009
comment wrote:
18101 16 homes Range
$129k -$42k (approximate mortgage $188 per month)
18102 377 homes Range
$424k -$31k (approximate mortgage $140 per month)
18103 289 homes Range
$5.5 million -$28k (approximate mortgage $127 per month)
18104 258 homes Range
$1.4 million -$89k (approximate mortgage $395 per month)
940 homes in Allentown Zip Codes (not all are in City of Allentown)
Under $120k
18101 20
18102 281
18103 49
18104 5
The 1st/6th ward is starting to look pretty attractive, but only 20 properties for sale. Either families are entrenched and own their homes, or they are all rentals already. If there is HUD urban redevelopment and Front Street is widened, I could envision a regeneration of this neighborhood, as it is only 3 block x 7 or 21 square blocks. You get Front Street widened, park cleaned up, marina and boat houses, Neuweiler cleaned and redeveloped and at least homes on east side of Front torn down and Front Street widened, you have opportunity for attracting young, urban, professional in arts and well as knowledge professionals to live downtown and be in this area. This actually way never that bad, it was just always a labor working class neighborhood with big families. The majority of the homes were build 1890s and are solid. The worst inventory was torn down in last HUD project there after Hurricane Agnes.
18103/18104 very little inventory left. It will get snatched up quickly of those looking to upgrade out of the Kill Zone.
18102 essentially 4th to 16th and Sumner to Fountain. The Kill Zone. Not all is bad, but I would venture to guess that this inventory of 281 is going to be the hardest to move for home buyers. They would be candidates for investment properies, if any buyers.
Again, if I were Pawlowski, I would attack the fringes on this and devise a program that takes advantage of federal programs, but then local program of lenders and city for $5000 first time home buyer program grant. They must have held continuous employment with same employer for at least 5 years, a FICA score that is satisfactory with bank, go through home ownership counseling and have a financial planner/written plan on how they can afford this purchase. If so, I would have no problem of giving a working family or a young person $5000 from city to start a life in Allentown. It should be directed first at 18101, 18103, 18104 to ensure ongoing stability and not deterioration of these neighborhoods.
The 281 in the urban core is a harder issue and it takes entrepreneurs/opportunists in the free market to step in and take up this much inventory. The government could help by reducing some of the inventory of some units which are not architectural significant and border either schools or parks and just purchase them and tear them down.
I suspect the number of homes in these zip codes will not dip under 800 and will rise to as high as 1300 over the next 2 years with 18102 not getting under 200 in inventory before 2013.
This is the biggest loner out there. You should marry JoiseyGirl because you both need a life. The is a real world outside of this forum.
A Black Man

Kernersville, NC

#14 Apr 24, 2009
Allentown is a sewer hole !

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