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Downtown Living Costs More But Is Worth It

Posted by: Chris Steins
Thanks to: Bob Karrow
16 July 2003 - 1:00pm

Older neighborhoods near downtown Sacramento command a premium for their eclectic architecture and proximity to jobs and cultural attractions.

Pre-1950s neighborhoods with the right attributes beat suburbia in many buyers minds: "Home shoppers Rob and Kelly Norris faced a decision: pay about $500,000 for a spacious suburban spread or pay nearly as much for a relatively tiny, older house east of downtown Sacramento... But when it comes to paying the most money for the least amount of home, the older, close-to-downtown Sacramento neighborhoods consistently rank higher. Many of the houses are relatively small, which magnifies the premium buyers are willing to pay." Additional commentary and photos on McKinley Park are available at: http://home.comcast.net/~markdempsey1/mpark/mpindex.html

Full Story: Paying to be close
Source: The Sacramento Bee, July 15, 2003
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This is in fact the kind of self-sufficient, self-sustaining 'village' community that Mahatma Gandhi -- the Father of the Nation -- dreamt of and wrote about in his books on India’s path to development.
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