5 ms·
higher socio-economic areas tend to go up in value first and go down in value last. the amount they shift tends to be a great deal more in the up direction (pe
by senectus1 5y ago
higher socio-economic areas tend to go up in value first and go down in value last.
the amount they shift tends to be a great deal more in the up direction (percentage) and less in the down direction as well.
A rising tide does NOT raise all equally.
- seanmcdirmid 5y agoHigher socio-economic areas tend to have more stable price fluctuations, because they are sure bets and a lot of their value has been priced in (barring the whole region rising as is happening right now). Lower socio-economic areas are more risky: you could more likely get a deal or a horrible situation, leading to a lot more volatility. Gentrification takes time to work, and isn't always successful.