Iced Raktajino@startrek.website to TenForward: Where Every Vulcan Knows Your Name@lemmy.world · 1 month agoGonna start calling my HOA the "Romulan Senate" because the similarities are striking.startrek.websiteimagemessage-square51linkfedilinkarrow-up1261arrow-down13
arrow-up1258arrow-down1imageGonna start calling my HOA the "Romulan Senate" because the similarities are striking.startrek.websiteIced Raktajino@startrek.website to TenForward: Where Every Vulcan Knows Your Name@lemmy.world · 1 month agomessage-square51linkfedilink
minus-squareHudell@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·1 month agoWhat I still don’t understand is why American house prices depend so much on what their neighbors’ houses look like. Where I live, even a fully abandoned broken down house with one meter high wild grass is not bad enough to devalue its neighbor.
minus-squareHobbitFoot @thelemmy.clublinkfedilinkEnglisharrow-up1·1 month agoBecause the value of the community plays a role in the price and there is a significant variability in neighborhood “value” within cities. A lot of it is tied to crime rates, but there may also be class signifiers which affect valuation.
minus-squareTar_Alcaran@sh.itjust.workslinkfedilinkarrow-up1·1 month agoIt’s not about colour. It’s about signalling this neighborhood has “the right kind” of people.
What I still don’t understand is why American house prices depend so much on what their neighbors’ houses look like.
Where I live, even a fully abandoned broken down house with one meter high wild grass is not bad enough to devalue its neighbor.
Because the value of the community plays a role in the price and there is a significant variability in neighborhood “value” within cities. A lot of it is tied to crime rates, but there may also be class signifiers which affect valuation.
It’s not about colour. It’s about signalling this neighborhood has “the right kind” of people.