3 ms·
If you go east there is a lot of open land.
by danielmarkbruce 4y ago
If you go east there is a lot of open land.
- wyclif 4y agoI have a question that is tangentially related to the OP, but not based on the irrationality of the housing market. What I want to know is: given the way things are today, how do you identify and locate neighbourhoods, towns, and cities where housing will appreciate in value the most? IOW, what is the data you need to make a good "buy low, sell high" decision?
- danielmarkbruce 4y agoDemand: Interest rates(good luck predicting that) Median income(predictable) School districts (good schools attract people who care about that... as you can imagine that's a spiral one way or the other) Supply: Current inventory Potential inventory
- nemonemo 4y agoOne more factor in the demand side: population. IMO it is hard to predict.
- danielmarkbruce 4y agoFor a given area, population isn't really a demand side thing - it's the intersection of demand and supply.
- krferriter 4y agoThere's also a lot of open area in the yards and air 10-30ft above single-family homes. There are lot of property owners who'd be willing to demolish the SFH on their lot and build a lowrise multi-unit building with 2-6 units, and the only thing stopping them is that it is illegal to do this.