village folk are complaining about the large number of houses being bought by town dwellers for second homes. "Demand forces up the price and our own children can't afford to live here", they complain. Other villagers must be selling up and cashing in.
2006-07-25 12:10:40 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Yes, this is typical real estate investing...
2006-07-25 12:43:42 · answer #1 · answered by Wiser1 6 · 0⤊ 0⤋
When property becomes desirable for one reason or another this is what happens. Property owners cash in and move to cheaper houseing to better thier circumstances. Of course this will cause property to be reassessed at a higher value and taxes to go up. Property owner who hold out may be forces to sell because of high taxes. This is just the way the market works.
2006-07-25 12:16:13 · answer #2 · answered by Kenneth H 5 · 0⤊ 0⤋
your ancestors conjecturally came to the region where you´re living now just for existential reasons. they adjusted their home and habits on their own economic capabilities, without using force against anybody, just using their own opportunities to buy property from previous owners.
why won´t you allow other people to do so? only because their plans are a little bigger and professional and they are richer than you are so far? why should your children shouldn´t have the opportunity to adjust in their own way, in an everchanging world, with unknown opportunities just for themself?
2006-07-25 13:02:15 · answer #3 · answered by libertarian 2 · 0⤊ 0⤋
its so there inbread children want all the housing
2006-07-25 12:16:56 · answer #4 · answered by hallawthere 2 · 0⤊ 0⤋
maybe they have, no idea!
2006-07-25 12:12:20 · answer #5 · answered by Kyral 4 · 0⤊ 0⤋