Quote:
Originally Posted by DaneMcCloud
Yeah, for sure. We have 17 new hotels going up down the street from us along with the new Netflix/Avengers tower, which is 22 stories tall, so I'm expecting our value to skyrocket in the next 3-5 years.
But when everything else around us is rising simultaneously, it doesn't really do us much good, unless we want to move from the area, which really isn't a consideration.
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When I bought my house 25 years ago, I stood on the front porch and noticed a sign up on the corner. "What does it mean that we're in a historic district?" I asked my Realtor.
It was sheer luck, but it's awesome. There's notable redevelopment to our west and our southeast, but nothing can change in our neighborhood. So we get the benefits of development in terms of services and property values, and we have no risk of someone wanting to plunk a high-rise down on our block. Plus, the development is eliminating single-family homes in favor of multi-family, which decreases the supply of houses like mine.