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A comment on If you sell a house these days, the buyer might be a pension fund. Parent comment

Re:If you sell a house these days, the buyer might be a pens... by rabuse on Wednesday June 09, 2021 @04:33PM (#27452850)
How's that? Genuinely curious.
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Re:If you sell a house these days, the buyer might be a pens... by JAlexoid on Wednesday June 09, 2021 @04:45PM (#27453015)
Opposition to development hurts the homeowners value, a lot.

The value of your home doesn't only depend on the fact that it's in a rich neighborhood with beautiful lawns, but the services and proximity to said services.

NYC is desireable, not because it's a big city... but because you can get services there. Take away the services - you take away all of the value proposition.

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Re:If you sell a house these days, the buyer might be a pens... by rabuse on Wednesday June 09, 2021 @06:34PM (#27454174)
In my area, we have everything around us (big retailers, malls, nightlife, etc.) in the suburbs in a well-off area in South Florida. How would adding more houses appreciate my property's value?
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Re:If you sell a house these days, the buyer might be a pens... by JAlexoid on Thursday June 10, 2021 @12:22PM (#27462462)
More people = more service consumers = more jobs = higher demand for housing = higher demand for services
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