MikeM
08-01-2005, 02:43 PM
The guy is my friends father, he's gotten fucked over by the town, sort of. Anybody know if he can sue for this?
1979 - A guy moves out of the city, buys a house in the suburbs, He has a wife and a 2 yr old boy. He finds a nice house on a quiet dead end street with a small park at the end. A few years go by, everything is good.. his kid (and friends(me)) put up a basketball net in the street and play all the time. There is a playground at the park, and a little bmx track too. The guy and his wife decide to have another kid. Years go by, and suburban sprawl hits hard, the park is leveled and 9 baseball fields are put up. The small park is now home to a multi district little league. The once quiet street now is packed bumper to bumper with SUVs. Its no longer safe to play basketball, or for the kids to ride in the street, the park is now marked "No tresspassing" unless you have a permit to play ball there.
Ok, the neighborhood is no longer a nice place to live, and its time to move. In 1979, he payed roughly $150K for the house, an average price for the time/area. With suburban sprawl hitting so hard, most similar houses in this town are now selling for $750K-$800K, but not this one. He just had it appraised for $500K. He asked the appraiser why so low, and the answer was Location. If it were 1 street over, it would be priced higher than most in the area due to add ons, but the ball fields at the end of this street lower the value by a quarter million dollars.
1979 - A guy moves out of the city, buys a house in the suburbs, He has a wife and a 2 yr old boy. He finds a nice house on a quiet dead end street with a small park at the end. A few years go by, everything is good.. his kid (and friends(me)) put up a basketball net in the street and play all the time. There is a playground at the park, and a little bmx track too. The guy and his wife decide to have another kid. Years go by, and suburban sprawl hits hard, the park is leveled and 9 baseball fields are put up. The small park is now home to a multi district little league. The once quiet street now is packed bumper to bumper with SUVs. Its no longer safe to play basketball, or for the kids to ride in the street, the park is now marked "No tresspassing" unless you have a permit to play ball there.
Ok, the neighborhood is no longer a nice place to live, and its time to move. In 1979, he payed roughly $150K for the house, an average price for the time/area. With suburban sprawl hitting so hard, most similar houses in this town are now selling for $750K-$800K, but not this one. He just had it appraised for $500K. He asked the appraiser why so low, and the answer was Location. If it were 1 street over, it would be priced higher than most in the area due to add ons, but the ball fields at the end of this street lower the value by a quarter million dollars.