Quote:
Originally Posted by greyshep
That argument makes sense for long time owners who realize those value increases but doesn’t really help out someone who is buying into a community like that assuming they are paying for the luxury of a larger yard in a quiet mature community.
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Anyone who buys into a central neighborhood should be aware that higher density is a risk. It's being discussed continuously at city hall meetings. If you're buying into a neighborhood and then shocked that there might be more density, you haven't done your research. The city isn't just throwing high density into random places. They are putting the density along roadways and in central areas.
Does density even decrease property values, when more density goes in, you often see investors snap up the surrounding properties, as the development companies always pay a premium for development lots, and the surrounding area is next.