Thu, 24 March 2016
AIPIS 131 - Where Can I Buy an Inexpensive House in a Great Neighborhood? With Dr. Andrew Schiller, CEO of NeighborhoodScout
NeighborhoodScout is an online data tool you can use to make real estate evaluations a breeze. It conducts simple searches, which serve up quality information. The information is used by government agencies, real estate investors and individuals alike. Today’s guest Dr. Andrew Schiller, the creator of the site, has a Ph.D. in geography, focusing in sustainable development.
[1:54] Dr. Schiller has a Ph.D. in geography and uses data for projects on sustainable development.
[4:34] Predicting crime risk at the individual address level is possible with this software.
[5:55] The search engine component of NeighborhoodScout allows an investor to build their ideal neighborhood.
[7:35] The vacancy rate information that NeighborhoodScout delivers, is based on baseline nationwide statistics.
[13:55] Communities with good schools and low crime rates maintain their values during tough financial times.
[21:36] What is the tipping point for communities to ensure stable rentals?
[25:49] NeighborhoodScout’s information on crime is very telling. For example, Oakland, CA is both the most expensive and the most dangerous city in the U.S.
[31:00] Where can an investor buy a $100,000 house in a great neighborhood in the U.S.?
[36:17] How much is a subscription to NeighborhoodScout and how do I use it?
[37:13] The Federal Reserve and HUD use NeighborhoodScout for tax credit information.