ST Alpha - "Why? The spot (I'm assuming) is a plot of land now owned by the buyer. -- nm" (Reading a Post)

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In response to "Here's what I'm wondering: Wouldn't the buyer be totally screwed if someone decided to simply build a structure nearby? -- nm" by con_carne

Why? The spot (I'm assuming) is a plot of land now owned by the buyer. -- nm

Posted by JaxSean (aka JaxSean) Jun 11 '09, 12:54

(No message)

Responses:

Just that the space's value would go down. Or, if a bit of space were cleared for spaces, no? -- nm - con_carne Jun 11, 12:58 2
- It's hard to imagine them knocking down buildings for parking. - JaxSean Jun 11, 12:59 1
  - especially in that neighborhood. -- nm - znufrii Jun 11, 13:02
The value is due to a scarcity of parking. If parking becomes more plentiful, the value drops. - TWuG Jun 11, 12:58
I doubt it. I bet the buyer simply owns the rights to park there. -- nm - Subversive Jun 11, 12:56 6
- That would kick the "that's crazy" quotient a lot higher for me, then. -- nm - JaxSean Jun 11, 12:58
- i haven't read the article but i bet he owns the space. -- nm - Andie Jun 11, 12:57 4
  - The article doesn't make clear which he owns. I just find it amusing that cities let land get chopped up that small and sold off. - TWuG Jun 11, 13:01
  - It doesn't really say. -- nm - Subversive Jun 11, 12:59 2
    - well, here you do. -- nm - Andie Jun 11, 13:00 1
      - Yes, that's just my gut feeling on the matter. -- nm - Subversive Jun 11, 13:02

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