Jun 09
A quick note on a busy day:
Being the nicest home on the block is really not the best thing in term of your home’s value.
Think about it this way: would you rather pay for a $200k home in an area of $100k homes, or would you rather buy a $200k home in an area surrounded by $400k homes?
The fancy name for that is the Principle of Regression: basically, all the homes around your home are either helping you or hurting you. So if you’re the best home around, every one else is keeping you down!
And a nice desert vista from North Tucson:
