|
|
|
|
|
|
by mathattack
4111 days ago
|
|
|
Interesting idea. The main issue is that location matters. Most of the value of high value real estate is in the location. (This is why a 4BR house in Rochester NY costs 1/20th what it would cost in Manhattan or SF) People would rather live in an old house with good schools and close to work (say Palo Alto or Los Altos) than new houses a significant drive away. You can't tell someone "Take a risk on the schools, get a bigger commute, and pay up" but you can say "Get a nice new apartment, roll the dice on the schools, but save a lot of money and buy a nice car for the commute" |
|
|