4 ms·
With shoes, sure. With housing, it depends. There can be a proximity effect. The old house next to all the nicely redeveloped new houses is now worth more, eve
by andyferris 3y ago
With shoes, sure.
With housing, it depends. There can be a proximity effect. The old house next to all the nicely redeveloped new houses is now worth more, even if the total number of bedrooms hasn't changed during the redevelopment, because it is in a nicer environment (and a buyer might want to redevelop the old house, and live in a nice house in a nice suburb).
- aetherson 3y agoThat's been repeatedly empirically shown not to be true. New housing depresses the price of existing housing (very slightly), even hyper-locally.