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What's Parked In The Street Can Change The Value Of Your House

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
26 August 2004 - 8:00am

What your neighbor drives can increase or decrease the value of your house.

"Other offenders include white vans, which can knock 11% off a property's value, because potential buyers will worry the image of white van man will lower the tone of the neighbourhood, while having an abandoned car nearby can reduce prices by 7% as it suggests the area is run down with a high crime rate. ..Premier sports cars top the league for snob appeal, raising house prices in the street by around 12% by making the area appear affluent."

Full Story: White van man keeps house prices down
Source: The Guardian Unlimited, August 25, 2004
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The goals of densification, infill, and containment may be generally appropriate for U.S. cities, but not for cities in the developing world where average urban population densities are over four times higher than in the U.S.
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