A quandry with views of the water
I’m not a real estate agent, but I’ve always been told that a property is much more valuable when it has views of the water.
Well now that Scott Wolstein with the help of unelected governmental muscle has torn down a bunch of buildings that once blocked river views for some in the Cleveland Flats, shouldn’t those remaining buildings with newly unobstructed river views be worth more?
I’ve been told that a property with a view of the water can fetch at least 20-50% more than a comparable venue without a water view. I guess that sometimes using the muscle of eminent domain is truly an economic development engine after all.
[…] The properties are valuable (even more so now). And since when did it become a crime to sell your property at a profit? […]