Registered: 1156877376 Posts: 2,177
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The Upshot is the data analysis part of the NY Times website, one of my favorite places to visit.
Do good schools translate into higher prices? In some instances, Yes. But if you have a monster commute then in cities like San Francisco, the real key to value is distance from the city center (so that your commute is manageable). At least, this is true if the city has a good mass transit system. The exceptions to this rule include LA, Phoenix, Dallas and Atlanta where the adverse consequences of living in the outlying areas may not be as pronounced. (Not entirely clear from the article why they are exceptions). By contrast, Minneapolis and Chicago don't impose a price penalty for living in the outlying areas. They only do this analysis on 5 cities, most on the east coast (like New York). Still, it is a pretty cool way to analyze a city and its pricing. The graphs are rather baffling at first glance, but the commute times are marked in green (less than a half hour commute) and red (greater than a half hour commute). And all of the locations are placed on a graph that measures price per square foot. Another question: Why are some circles very large and some very small? This is the relative population size of the city in question (Thus, Newark, whch is near New York looks huge, etc). I've never really seen a city mapped in quite this way. https://www.nytimes.com/interactive/2017/03/30/upshot/good-schools-affordable-homes-suburban-sweet-spots.html?src=trending&module=Ribbon&version=origin®ion=Header&action=click&contentCollection=Trending&pgtype=article
Registered: 1111625087 Posts: 332
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Try this link and see which one has better data between the two: http://www.city-data.com/ The forum there is wonderful for life in general also Try this very local one here for Real Estate sales data info. http://www.sdlookup.com/ I went to school to study to become a Residential RE Appraiser, but the math aspect killed it for me. But I like SD Look up because I do not have to bother a Realtor __________________ Dogs have owners. Cats have staff.
Registered: 1156877376 Posts: 2,177
Reply with quote #3
That is a nice website for demographic information.
Thanks for chiming in.
Registered: 1150855007 Posts: 985
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"He looks for trendy small businesses, good schools and transportation."
http://finance.yahoo.com/news/real-estate-mogul-90s-looked-142512739.html Since you have to buy and sell the same location, I think the price differential is already priced in when you buy. There may be a small delta when you sell but not a lot. Good schools can be a great marketing point to make a faster sale. Face it, most people move in from outside the neighborhood and don't really know the local schools. There are anti-discrimination laws in housing, so you have to be really careful what you say. Even "this is a good, safe neighborhood" could be taken the wrong way. Academics that have a degree that ends in "studies" just love talking about "code words". And could be seen as a guarantee of zero crime. What happens if a teacher turns out to be a pervert? People will embellish or out and out lie about what you "promised". I actually had a tenant say that he wouldn't pay the rent because he thought he scared off a burglar and I had promised that this was a safe neighborhood (I didn't). Of course he didn't file a police report. Lying to police is a crime. Lying to a landlord is business as usual. It just shows that people can rationalize anything in their self interest. His family did explain to him that he had to pay the rent or get kicked out. __________________ Rick