I heard the railroad tracks (which the town was built around) will be moving out of my area soon. Do you think this will lower or increase the property values nearby?
2006-08-08 07:11:31 · 7 answers · asked by Jewels 1 in Home & Garden ➔ Other - Home & Garden
The trains stop on the other side of a farm to market road (adjacent to the town) to refuel and then go on to their destination. There are some Amtracks but people do not board or get off there.....In other words its not a hub like you described exbuilder.
2006-08-12 04:28:36 · update #1
If the tracks provide direct service to your town, either commuter or commercial, the loss of the railroad could have a detrimental effect on property values. If commuters rely on rail service to commute to jobs in the city (Chicago, New York City, Boston, Washington, DC, etc.) or if rail spurs allow rail car service to industry in your town, the loss could be serious.
On the other hand, if the tracks are just through tracks and offer none of the abovementioned benefits, chances are that there will be either no change or a positive change to property values.
Good luck with your situation.
2006-08-12 04:13:20 · answer #1 · answered by exbuilder 7 · 9⤊ 0⤋
If the town was built around these tracks, is the loss of the railway business having an adverse effect on the overall economy? More than the physical effects, the economic effects should be taken into account.
That would depend on what happens to the land afterwards. If the land remains undeveloped, then it would not make much of a change either way.
In Milwaukee, some of the removed rail routes were converted to bike trails, connecting some of the parks in the county system. A plan like that would involve leaving the land as unbroken pathways.
Depending on the locations, part of the land might be converted to residential or business lots. Some of the land might be sold to adjacent land owners.
The long term effect on property values may not be immediately apparent.
2006-08-08 07:22:00 · answer #2 · answered by Jim T 6 · 0⤊ 0⤋
Would likely raise residential property values. Might lower the value of some commercial property like warehouses, that might actually use the tracks.
2006-08-08 07:20:16 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Oh reliable lord... no longer yet another photograph of a center classification baby on railroad tracks. perhaps it replaced right into a "cool" concept years in the past, despite the fact that it is so subject-unfastened and overdone now. basically seems stupid to me. you desire to have your percentdone with railroad tracks? Get out of the dressmaker denims. positioned on some wiped out pants and an approximately 3 previous, grimy shirts on perfect of one yet another. do no longer wash or comb your hair for no less than a month... comparable is going which comprise your face. perhaps have somebody slap you around somewhat for some bruising and cuts. p.c.. some junk in an previous tattered bag and function that beside you. Now you're waiting to have your photograph taken beside railroad tracks. steve
2016-12-11 09:47:16 · answer #4 · answered by ? 3 · 0⤊ 0⤋
Hard to say but in my view, it would greatly improve the property values since you will now be able to live there in more peace and quiet. Who wants to live near an every day and night super loud horn blowing rumbling inconsiderate of the public industry? No One.
2006-08-08 07:16:43 · answer #5 · answered by niceguy 2 · 0⤊ 0⤋
If I was a consumer, I certainly wouldn't want tracks near my home - even a mile away. My bet is that it will increase your value as long as they don't make too much of a mess removing the tracks.
2006-08-08 07:15:41 · answer #6 · answered by Nientech 3 · 0⤊ 0⤋
Raise property values, probably. Less noise.
2006-08-08 07:16:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋