Iced Raktajino@startrek.website to TenForward: Where Every Vulcan Knows Your Name@lemmy.world · 3 days agoGonna start calling my HOA the "Romulan Senate" because the similarities are striking.startrek.websiteimagemessage-square51fedilinkarrow-up1262arrow-down13
arrow-up1259arrow-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 · 3 days agomessage-square51fedilink
minus-squareHudell@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·2 days 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-squareTar_Alcaran@sh.itjust.workslinkfedilinkarrow-up1·2 days agoIt’s not about colour. It’s about signalling this neighborhood has “the right kind” of people.
minus-squareHobbitFoot @thelemmy.clublinkfedilinkEnglisharrow-up1·2 days 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.
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.
It’s not about colour. It’s about signalling this neighborhood has “the right kind” of people.
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.