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Pittsburgh Pennsylvania Real Estate - The Best Areas to Own Pittsburgh Pennsylvania Real Estate

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Pittsburgh has witnessed its share of hardship over the past few decades. Once a leader in manufacturing, the Steel City experienced an epic economic downturn in the 1970s and 1980s when companies outsourced to other regions. By the 1990s, however, the medical industry saved the city, and Pittsburgh is now a peerless leader in providing high-tech, innovative health care. Today, Pittsburgh is a better, cleaner version of its former life, and the city now attracts its fair share of other industries. As a reult, the real estate business has never been better in the ’Burgh.

Finding the right piece of real estate in Pittsburgh can initally seem impossible. A few parts of the city are still somewhat impoverished. Nevertheless, older historic neighborhoods are experiencing widespread gentrification. Owning a piece of real estate in these areas can easily multiply the returns of one’s investments.

Two neighborhoods truly stand out among the rest when considering their historical value. Located east of the city and adjacent to the Strip District, Lawrenceville offers affordable row houses that have the potential to multiply one’s investments. Lawrenceville, a historic neighborhood that was once home to thousands of factory workers, is nestled between the city’s new, state-of-the-art children’s hospital and the Strip District, which is a collection of trendy shops, restaurants, and bars. Overall, its potential to make money is limitless.

The other neighborhood that merits a mention is that of the Mexican War Streets. Adjacent to the area around Allegheny Hospital, the townhouses in this area have true historical value. Developed by a veteran of the Mexican-American War in the nineteenth century, this neighborhood will easily optimize an individual’s investments. The city’s sports stadiums and its newest attraction, the Rivers Casino, are located just a few miles away from this unique neighborhood. These venues draw thousands of pleasure-seekers a week, and a real estate venture in the Mexican War Streets can mulitply one’s investments.

Overall, real estate opportunities in the city of Pittsburgh are a reliable means to make money. And if one is simply looking for a great place to call home, Pittsburgh offers its discerning residents a modern city with a small town feel.

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