(12-18-2021, 10:35 PM)mikesez Wrote:

(12-18-2021, 06:56 PM)Sneakers Wrote: You are incorrect.  The real estate market works exactly like that and presents such choices every day.  It's quite common in the industry to describe a house as being in the "nicer" part of the development or the "better" end of the street.  The diminishing characteristic can be any number of things, a housing project, commercial properties, a busy street, etc.

View of the ocean=good, view of the landfill=not so good.
Nice golf course bordering your back yard=good, slaughterhouse bordering your back yard=not so good.
Do you understand now?

Let me give you a nicer answer.  Those kind of choices might be presented when a subdivision is initially developed, but in an established subdivision, with established residents who are concerned about their property values, there are rarely ever two interchangeable units on the market at the same time.