4 ms·
These examples vary in how outrageous they are, but some of them have the ability to singlehandedly depreciate someone else's most valuable asset by tens of tho
by sfotm 8y ago
These examples vary in how outrageous they are, but some of them have the ability to singlehandedly depreciate someone else's most valuable asset by tens of thousands of dollars without any sort of recourse. Even if the nightclub or parking ventures aren't successful you'll probably have a hard time getting the same value out of that house.
And that's fine?
- ratfaced-guy 8y agoYes, it's fine. You bought your lot, not your neighbor's. Zoning and land use laws are one of the primary reason why America has such shitty yet simultaneously expensive cities.
- exolymph 8y agoYeah. You have no right to ROI on any investment.
- dsfyu404ed 8y agoAgreed. If you're buying the property for any purpose other than flipping then ROI from the sale of the property itself shouldn't be a serious consideration. Either you're living there and sale doesn't really matter so long as you don't get shafted too badly whenever you do sell or you're renting or using it commercially in which case the cost to acquire is sunk and the returns from that should more than make up for change in value and whatever you get from a sale at the end is just a bonus.