anon wrote:
i'd say it's a bit exaggerated to say "every" nieghborhood you've ever seen.
It's true that wild variations are not exactly uncommon in older mixed
neighborhoods (e.g., 1920s-era) where you'll have a mansion next door to a
small, simple house, but it's not common in newer neighborhoods, where most
of the houses are pretty much the same.

where i live (Atlanta), wide variations within a single neighborhood are one
of the surest signs of mortgage fraud (and we have the highest rates in the
country). There was an article in the paper about a year ago about a woman
who had wondered why there was so much variation in her neighborhood.... she
ended up uncovering a big ring.





I personally have better things to worry about. Thats why I would like

an

HOA to worry about it for me. Take some time to consider why you dont

see

blocks with wildly varying home values.


Every
neighborhood I've ever SEEN (while shopping for houses) has houses of

WILDLY

varying market values. It's not unusual at all to see the lowest market
value house on a block be some fraction of the highest market value house

on

the block.




Well my point was that is not visibly pleasing. and detracts from the
feel of a neighborhood. In Detroit where there are tons of homes, they
always try to knock down a whole neighborhood at once and upgrade together.

Sure home values/sizes can vary when there is overpopulation and
everybody wants into a certain neighborhood. Also when older
neighborhoods are being updated due to changing times/industries.


All in all, the building of a home in your neighborhood, especially on
your block will certainly affect the value of your own home. you can
put $300K inside a home so that two homes that look the same from the
outside are $300K different in price. Thats not my complaint. I want a
theme, and I want it maintained. You can choose to live without these
things its a free country.




--
Respectfully,


CL Gilbert