3 ms·
>The downtown area of a city is typically some of the most expensive real estate. You're probably correct except in the case of the most expensive and exclusiv
by SkyMarshal 4y ago
>The downtown area of a city is typically some of the most expensive real estate.
You're probably correct except in the case of the most expensive and exclusive neighborhoods in the country. https://www.investopedia.com/articles/managing-wealth/062416/10-most-expensive-zip-codes-california.asp https://www.investopedia.com/articles/managing-wealth/062416...
- mushufasa 4y agoThat list includes Tribeca, NY and Bacon Hill, Boston, which is described as "This historic neighborhood in the heart of Boston"
- nilkn 4y agoNot every expensive neighborhood is expensive for the same reason. There's definitely an "archetype," if you will, of neighborhoods that primarily derive their value from being exclusively home to the upper class. Atherton, River Oaks in Houston, even Palm Beach in Florida are examples. Compare property values in Palm Beach to West Palm Beach, for instance.
- mushufasa 4y agoAre those property values high because there are a lot of mansions built out there, or is it specifically because of the population density in county limits?