Quote:
Originally Posted by Descant
Each time a waterfront property sells for full price and the house gets bulldozed and replaced, the relative values of buildings certainly goes down. We are now seeing full houses being bulldozed, not just unheated, unplumbed, camps.
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I agree, I hate to see the waste, and the change is often for the worse. The economic bummer is that as the ratio of land value to building value rises, this becomes more and more "rational"