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Real Estate
Reply to "How do teardowns work, and do they really 'work'?"
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[quote=Anonymous]Like a pp said, teardowns are almost inevitable where the value of the land soars past the value of the structure. This is happening for a lot of places in Vienna, where I live. You have old school GI-stock ramblers on very large lots. While many of these are quite nice and renovated on the inside, the land is just so valuable because you can't get lots that large anymore. Whether they "work"--I don't know. I happen to really like (and envy, since I can't afford one) the style of the arts and crafts style homes that are popping up in Vienna, but they do really, really stick out like a sore thumb. A lot of them are plopped into the middle of not very well-kept rental houses, and I have to wonder. [/quote]
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