FriendshipIntrepid91

FriendshipIntrepid91 t1_ir5l6s2 wrote

Not sure if you are a simpleton or if you truly do not have the ability to differentiate between residential property and commercial property. Commercial property is worth significantly more. The house was not priced to sell in the "housing market". And now the city will give in to the developer and rezone it commercial. Because as you so clearly know, money is all that matters in this world.

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FriendshipIntrepid91 t1_ir4tvwi wrote

What one niche developer is willing to pay for a parcel of land is not market rate for a home. If that house was listed anywhere near market rate, it would have sold 10x over in this market. The homeowner knew about the possibility for development at that intersection so they held out for a non homebuyer.

I'm not blaming the actual homeowner. I'm asking why all the people in that neighborhood that seem to care so much only blame the developer, I explained this as simply as possible.

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FriendshipIntrepid91 t1_ir32s0b wrote

That's my point, the owner was asking a price no homebuyer was going to pay. So they knew a developer of some sort was the only way they were going to sell. So everybody in the neighborhood is mad at this developer but not their former neighbors who started this whole situation.

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