Home › Forums › Money & Finance › Is it safe to invest in an up and coming Jewish community? › Reply To: Is it safe to invest in an up and coming Jewish community?
Seriously asking for a friend…
She wouldn’t live in it. Just hopefully fix it up and rent it out. Then let the property increase in value b’esrat Hashem.
A wealthy real estate investor gave her the idea. She was planning on spending her money on a property to live in in an already hot community. This investor suggested buying a small condo or something for herself in her established Jewish neighborhood of choice, and then spending the rest of her savings on a house in a neighborhood with a new kollel and Chabad.
I don’t want to be a downer, but this investor has millions to risk. It might work and might not. It’s a risky first home to buy..also, that’s also owning two homes. It’s not my money or my life, but I don’t feel right about supporting her 100% if she decides to risk it. I know I could be wrong. But still… wondering if I’m overreacting.