Quote:
Originally Posted by SIGSEGV
yeah unfortunately the market includes suckers (or, more charitably, people who are new to the area and have no idea about that area).
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Or maybe they just don't care what they're getting into. I see situations right here in my neighborhood where people are paying over $1M for a beautiful house located next door to a total dump, and two blocks from a homeless camp. I've been finding that people in general are way more tolerant of their surroundings than I am. I get pissed if a neighbor doesn't keep their yard mowed like I think they should, or doesn't take care of peeling paint. But most people I know are way more tolerant than I am. They do their thing, and let others do their thing. Of course, it's way different if you have a strong HOA, which is very common in newer suburbs but not in older areas of cities. I would love to live in a neighborhood with a strong HOA, but then I wouldn't have all the things I love about living right in the city.
Edit: It does seem that people I know pay more attention to crime rates than other things. But we still have plenty of people buying in areas I would consider unsafe and paying very high prices.