Please note that this question is now over 5 yrs old. Anyone with a concern about prices in this area needs to take a close look at the positives that have taken place in the past several years. When new construction enters the market and new home prices are in the 500k+ range, the existing market benefits. This new activity, which is taking place now in Algiers, is helping to boost values of existing housing stock.
Do not take advice from people who live outside of the market. They have a truly uninformed, clueless and baised view point, as you can see below. Ask a homeowner who just put money into renovating a home, who kids play at the local playgrounds, who's families live just blocks away and who sees their neighbors at Rouses and church on sundays. Ask someone who LIVES in the community and is proud to live there. Then you will get the real value of a neighborhood.... more