The owners of one of Avalon's oldest homes are trying to preserve its history. And Philly's Kensington cleanup could benefit real estate investors who helped fuel the opioid crisis.
Now, the city is trying to shut down the neighborhood’s notorious drug market, which could raise property values and spur development. That means real estate investors responsible for Kensington’s blight and the resulting nightmare for residents📮A few years ago, I accidentally killed a vine that my mom had been growing for decades.
The fenced-off area included two vacant lots and an empty storefront that was once an adult bookstore and alleged prostitution front. The man who bought the empty building in 2020 is a real estate speculator. His business strategy is to buy properties no one else wants and sit on them until their values rise and he can sell them for a profit.
She and her husband, Paul, love the location and ocean view, but the home’s historical significance was a huge draw. It was the first home recognized by the Avalon Register of Historic Places. .
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