Quote:
Originally Posted by Lakepilot
If you buy a place beside a commercial activity like Ames, not only do you know in advance what you are getting, you pay less for the property. Then if the commercial enterprise is forced to leave, the value of your property goes up.
I've seen this many times with airports. People buy a house under the approach path at a very low price, then complain about the noise. The airport goes and now their property is worth a lot more.
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You see it happen everyday, carpet baggers move in and start complaining and other people, other homes and business that have been in operation from the get go. Some move in claiming that now they live next to the lake that they own the lake, the lakes and ponds belong to everyone not just the lakeside residents. I can see have zoning laws, they do work and they do keep peoples investment on the higher end of the scale.