Financial Times: Philadelphia’s condo boom lures hipsters and baby-boomers

https://www.ft.com/content/884e2938-290f-11e8-9274-2b13fccdc744 Prices in some neighbourhoods are up more than 50 per cent since 2014 Fans of the movie Rocky may not recognise Rocky Balboa’s old neighbourhood. The famously rundown streets of north Philadelphia are home to several new upscale restaurants and expensive condos and town houses. “Hipsters are moving in,” says Kevin Gillen, an economist […]