3 ms·
My city is mostly low rise, but there is one area 'the business district' where there are exclusively 10+ storey buildings being built. The funny thing is that
by fy20 4y ago
My city is mostly low rise, but there is one area 'the business district' where there are exclusively 10+ storey buildings being built. The funny thing is that this used to be an area full of traditional houses (50+ years old), and some plots still are traditional houses. So when walking down the street you have office building, traditional house, office building, car park, traditional house, high rise apartment. 15 years ago before the first office buildings were built this was a bit of a slum area, and some houses are still poorly maintained.
I'm sure at first the residents complained big about this, but now the value of their land has skyrocketed for two reasons:
a) Developers want to buy their houses and build more office blocks and apartments
b) Wealthy individuals want to buy their houses so they can live within walking distance of their office