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Is it always true? More than once I heard fears about undesirables moving in, crime rate growing, the neighborhood "losing its character" that commands the high
by nine_k 9mo ago
Is it always true? More than once I heard fears about undesirables moving in, crime rate growing, the neighborhood "losing its character" that commands the high prices, etc. The resistance is real at some places.
- bombcar 9mo agoThe land value argument is downstream of the real issues - some people don't want change and fight it. If it was purely a money question you could just get some billionaire to go around buying out entire neighborhoods, redeveloping them, and turning around and selling them off for a profit (because they'd be worth more, right?) - the fact that this is not being done either means there's a great new startup or there are other issues.
- triceratops 9mo agoIt depends on whether the neighborhood is highly valued for proximity to jobs and services, or for "character".