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AR15.COM
3/24/2014 8:05:06 PM EDT
What is up with the economy in Reading?  I was scrolling around with "Zillow" and it looks like every other house is for sale or in foreclosure!

http://www.zillow.com/homes/for_sale/days_sort/40.374144,-75.868664,40.25739,-76.047878_rect/11_zm/

The real estate market is bad here, near Atlantic City, due to the amount of Casino/Hotel cutbacks, but Reading looks worse.

(I am relocating soon ... I have property in WV but my wife doesn't like mountains and wants to be closer to friends and relatives in Philly)
3/24/2014 10:01:27 PM EDT
[#1]

Reading real estate is cheap because Reading is a jobless craphole.  Much better places to live in PA than Reading.
3/25/2014 12:33:13 AM EDT
[#2]
Quote History
Quoted:

Reading real estate is cheap because Reading is a jobless craphole.  Much better places to live in PA than Reading.
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First post and all that.
3/26/2014 2:39:34 PM EDT
[#3]
Quote History
Quoted:

Reading real estate is cheap because Reading is a jobless craphole.  Much better places to live in PA than Reading.
View Quote


I couldn't have said it better.

I lived in Bucks County for 8 years.  It was OK at first but the traffic was awful by the time I left in '02.  It's a very expensive area too.  I live in Lancaster County now & like it a lot.  Low cost of living & close to Philly & Baltimore.
3/26/2014 9:15:09 PM EDT
[#4]
Thanks for the heads up, guys!  I started looking into some places in the Lancaster area .... TAXES ... they seem high.

I have 50 acres of Potomac riverfront in WV and even there they raised taxes on me... there is a small rancher and a barn on the land ... they raised the taxes from $92 to $94 for the year! My taxes in Atlantic County are comparable, however.

I'll keep you posted.  If you have any other ideas and all that ...
3/28/2014 3:41:10 PM EDT
[#5]
Reading is the second most impoverished city in America, second only to Detroit. The job market in the Reading area is very poor.

Some of the areas near Reading are quite nice, particularly on the SW side; such as Wyomissing, Mohnton, and Shillington.
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