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Poll: How would you rate the overall health of the neighborhood?s natural environment ?
Question: How would you rate the overall health of the neighborhood?s natural environment ?
• very unhealthy
• unhealthy
• somewhat unhealthy
• healthy
• very healthy

Created at 07:05:11 PM 2009.06.23

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Comments (1)
in your IDEAL neighborhood , one would think the land value in ideal peclas would play an important role. If your ideal neighborhood is Medina, as example, then saying you would pay no more than $100,000 is not meaningful. If your ideal location is in Eastern Washington, then it may be much more meaningful. But to suggest that real estate values are not based first on land values, is a misnomer.As to the increment above land value a functionally obsolete home should sell for I used 3 years of rent value, for that particular home. Often rent values are based on a dollar per sf give or take. So the increment above land value should be based on rental value of that home as it stands and where it stands and not the value of the land. Used to be you had to beat a builder by X dollars to get it. The builder was going to throw the house away, and so would only bid at land value. An owner occupant buyer would then have to beat the builder by the additional value to them as a home , usually on a temporary basis until they could improve it or build a new home on the lot themselves. The 3 years of rent value is not a formula, but was the best way for me to describe that extra increment in real life terms in just a few words. :) Rate this comment: 1 0

by Dwi 11:26:31 AM 2012.06.19
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