For example, a house next to Hwy may sell a little less than a house in a quiet Cul-del-Sac during a boom time. House A next to Hwy sells for 450K, whereas house B in culdelSac sells for 500K. But when you buy it, House A is also slightly lower in asking price. The overall appreciation percentage will remain about the same. I don't think it matters too much.
Not too much impact to future appreciation
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Another example, a friend I know bought a house in Herndon
-miat42-
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08/07/2008 postreply
08:27:40
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Thanks! This one is an investor's dream
-va_landlord-
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08/07/2008 postreply
08:41:56
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Good for you! work on it!
-miat42-
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08/07/2008 postreply
08:51:18
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Are you sure it can be rented out $3000?
-家庭煮夫-
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08/07/2008 postreply
10:35:03
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A much smaller home nearby lists for much more than $3000
-va_landlord-
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08/07/2008 postreply
10:47:47