YO...K an' A!

Lets take a mental road trip away from Chicago for a few moments and travel back thirty years to the intersection of Kensington and Allegheny Avenues in the north Philadelphia neighborhood of Kensington. A guy I knew from college lived there and when we went home for Thanksgiving break the autumn semester of my first freshman year (don't ask) the first thing he screamed into the cold, fishy air when we stepped off the elevated platform and into the ghetto was YO...K an' A! ... one fist raised to the sky and the other clenching the strap of his worn army surplus duffel bag stuffed with two months of dirty laundry dragging behind him. He was instantly a different person. He was home.

Our initial collegiate bond hinged on the fact we were both from 'Philly' but I very quickly recognized that I was a fraud. I was not from Philly. I was from Levittown which probably needs no explanation to anyone within this readership. For those who do let me just say that while a little depressing in its own right these days I certainly wouldn't describe it as urban blight. It isn't even a city but a suburban town, for crissakes. Kensington in the 1970s could only be described as urban blight with its gap-toothed grid of city blocks lined up, down and back again with delapidated red brick rowhouses and vacant lots.

And as we walked through the alleys where Rocky had just been filmed the year before I suddenly realized that the place where I grew up, some 45 minutes north by interstate, was a different world entirely. Fifteen minutes later I also realized that buying and selling real estate was what I really wanted to do for the rest of my life.

My friend had an older brother named Louie who was beginning to buy up the worst of the worst on Cambria Street--the left for dead rowhomes that were virtually unlivable to anyone but the 'huffers' --and attempt to do the 1970's urban blighted version of a Flip This House.

"Fishtown, is too pricey. I like it here," proclaimed Louie, who looked more to me like a guy who sold pretzels than an investor. Fishtown was the next neighborhood over and even to my untrained teenage eye, pricey was the last word I'd use to describe it. Nevertheless, I listened with great interest as we spent the next couple hours touring his most recent acquisitions. "Getting rid of the huffers is the key to investing," he told me. "Glue sniffing is an epidemic." I had no idea. I felt I might be smart enough to buy and sell property but getting rid of huffers was totally beyond my world.

"What about the suburbs?" I asked. "I don't think there are many huffers there."

"Nah," he said. "I like the city. I like to see the air I breath."

It would be ten years before I made my first real estate purchase, ten more before I ever bought an investment property and five more on top of that before I even got licensed. Needless to say, I lacked whatever it took to make the real estate plunge at an early age and although the concept of investing in property always intrigued me, I was apparently, no Louie.

So now, after a lenghty 'corporate America' sales career crash landed me in Chicago a decade ago, I'm finally a Realtor. I live in the city and sell in the city and my primary sources of business are buy-side represented negotiations and exclusive residential listings. I seldom buy and flip property and I rarely venture into a 'bad' neighborhood (so defined by what a Realtor is not allowed to call it) to see what can be bought on the cheap. And I don't think I've ever met a real life huffer so I never had to worry about Louie's number one peril of investing.

Pat Kitano recently referenced an article of mine on his TransparentRE.com site. 'My new best friend' (my wife Mona's words) goes on to suggest that she and I be from here on referred to in the blogosphere as "Geno and Mona from Oakbrook..." , no doubt due to the rooted 'East Coast' tone and various Chicago settings from which I write. But Oakbrook? fugeddaboutit....Its a suburb, Mr. K. ...I like to see the air I breath!

photo by score.rims 

posted by Geno Petro

DISCLAIMER

{I recently posted a picture and an accompanying story on my primary Blog and was informed by another site's SEO that my duplicate content might get me banned from Google! Wow, I had no idea. But I reminded myself that ignorance of the 'law' is no excuse. The content apparently needs to be 25% different (am I there yet?) and thus, a commentary before or after should be in order. (Obviously this is an example of a commentary after a duplicate post.  All previous AR entires I have already submitted will soon have commentarfies after the duplicate post as well---but I suppose they {the commentaries} will each need to be 25% different) I don't know nothin' about nothin'. It wasn't me. Why didn't you tell me? 

The truth of the matter is I stumbled across Active Rain by accident while checking out Sellsious. It wasn't sure anyone in the blogosphere was even looking at my primary Blog since I had a total of 1 comment from a friend and 1 comment from my wife and 1 comment from an insane person (a diatribe, actually) the first 3 months I was up an posting. I didn't think my stuff was that bad so I decided to start posting here as well. So from here on forward and backward, this is my 25% Difference Non Duplicate Discalaimer, and I'm sticking to it...unless its a bannable offense from Google  in which case I'll sell my overpriced Google stock and show them! I'll ban them from my portfolio. See how they like it when I give them no page rank! Now I know 'I'm double dog daring' a big guy on the playground (Jean Sheppard reference for my Philly friend, Brian Brady) but right now according to Google, I'm not even another Bozo on the bus. So Thus I Disclaim and wait for the axe.}