Quote:
Originally Posted by Descant
Each time a waterfront property sells for full price and the house gets bulldozed and replaced, the relative values of buildings certainly goes down. We are now seeing full houses being bulldozed, not just unheated, unplumbed, camps.
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We are seeing that everywhere now. In my area of Mass they are tearing down 600K to 800K homes and building 1.5mil to 2mil homes. Many of them have tiny lots, barely enough for a driveway on one side, and they sell quickly!