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Re: Read This When You Have Time
Interesting read.... I think 80% of it is BS. One of the cities they mention, Portland, Oregon, is where I live and their data must have been pulled from a lotto ticket. The same house in no way goes for 40 to 200% more in the city vs. suburbs. At least not in the drastic context they are speaking of.
Sure, take a house in a crappy suburb versus one in an upscale urban neighborhood and that might somewhat pencil out. The obvious flip side is the inner city slum house vs. the upscale suburb.
With all due respect to the professor and author, if housing trends could be predicted using these methods we'd all be rich. Kind of like gambling schemes in Vegas.
I'm not saying the whole article is incorrect. There are some truths and logic. I just don't believe that a professor armed with a couple pieces of data can predict the demise of the suburb in America.
I'd like to invite him to one of my son's baseball games on a Saturday afternoon. The suburb is going nowhere anytime soon.
Not to relish in anyone's misery but the part about the HOA president citing crime statistics made me chuckle. I'll bet she longs for the days when a 'bad day' was too many trash cans left curbside after 5pm.
Oh well, I guess I'll just wait for a few years until I can pick up a nice hollow core door McMansion for $20 bucks a square foot.... maybe I'll look up the professor and invite him over for a spam burger.
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