I moved to Bushwick, Brooklyn in 2010 and over the past seven years I have seen it transformed tremendously. When I first got there there was a small coffee shop, a new sushi place, a tiny yet amazing pizza spot, and a bunch of converted factories that are now make-shift lofts. Now the place is barely recognizable. Now, that coffee shop is always packed, that sushi place has people from Manhattan hopping on the L train, oh, and that pizza place is now a foodie compound with a tasting restaurant that has hosted the Clinton's and Jay-Z and Beyonce. What does this mean? The rents are through the roof and anyone who invested in that area is sitting on a gold mine. Every year since I moved there the next stop on the L train line was "new hot spot".
I started my real estate career around the same time I moved to Brooklyn and I have been beating myself up about all the lost opportunities ever since.