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>>> maybe if this were the case it would exert a large enough downward pressure on property values that the current owner would be forced to resolve the issue b
by porlune 8y ago
>>> maybe if this were the case it would exert a large enough downward pressure on property values that the current owner would be forced to resolve the issue before selling.
This is exactly what the current owners are trying to resolve via their complaints.. which is why their complaints are valid, even if they didn't live at the residence before the issue arose.
Edit:
Hence the logic holds that if complaints are required to reduce an externality, and you simultaneously hold that complaints are only valid if they are made by residents who have lived there before said externality began, then places would only become worse.
- leetcrew 8y agofirst off, I'm not seriously trying to make the point that it's totally illegitimate to complain about things that you knew would happen going in. but by "current owner" I meant the person who owned the property before the annoying circumstance began.
- porlune 8y agoI think we can both agree that would have been ideal, but also far from the common case, which is why this is becoming an issue and might also contribute to an overall decline in home ownership. If there is uncertainty in the marketplace that is.