Existing Homes Sales PLUNGE To 15-Year Low
Wednesday, August 25, 2010
Sure, but everyone has to live somewhere. So if you're selling your home to relocate for a new job, someone else is looking to buy a home where you are selling yours, perhaps for the same reason?
"Neighborhood decay"? Is that a euphemism for "white flight" due to "the wrong people (minorities)" moving in next door?
You can never tell how a neighborhood is going to evolve, or what your city's government is going to do over the course of a lifetime to affect your property's values, which is why it's a good idea to be active in your city's local political scene. I've lived in cities where those who weren't active saw their neighborhoods (& lives) destroyed by redevelopment (the Fillmore-Western Addition in San Francisco - http://har
I'm currently living in a city that has been transitioning from rural agricultural to dense single family suburban developments ("little boxes made of ticky tack"). Hold-outs who refused to sell to developers have forced the developers to build around them. Only time will tell if their homes appreciate in value or will ultimately be sold to the developers by the heirs for land value alone. Or if the homes (late 19th/early 20th century Victorian farmhouses) merit preservations as historical registered landmarks.
About Real Estate
Read the Article at HuffingtonPost
0 comments:
Post a Comment