Originally Posted by ray9898
Hell...common sense and personal experience should tell people this. I know when I was looking at homes a few years ago I passed up a lower priced home that was nicer than the one we purchased because of the neighborhood. The neighbor on one side appeared to be running a car resoration business out of his driveway and the other side was a rental with at least 2 families in it. I loved the house but passed because of the neighbors.
That was basically about location. The local zoning code of that area apparently allowed multifamily dwellings. That kind of thing DOES hurt property values.