It’s A Racket!
If you remember the housing bubble, then you should remember when it burst. Well get ready for the Housing Bubble Burst Part II
Location, Location and don’t forget, did I mention Location Your agent wants to close the deal. It really don’t matter to them if it’s near a nuclear plant or a waste dump. That being said, check out the surroundings of the property.
Take into consideration that stop lights are a health hazard in that exhaust fumes from cars stopping idling from 15 seconds to 3 minutes and starting up in four different directions. A round-a-bout is not as bad as a stop sign. A 4-way-stop intersection is the worst. By law every vehicle has to slow down, stop, idle then accelerate. This will be going on in all four directions. So you may want to rethink the highly promoted corner lot and take these into consideration.
Another health hazard is properties near power sub-stations. Electrical companies deny cancer clusters ever exist but why take the chance. They are all about the money and don’t want law suits. There are warning signs posted all over. Why would you want to live near it.
Yet another controversial location is near a cell tower. A cell tower is a relay system for cell phones. You cell phone is a high frequency low power transceiver and it’s signal is picked up by these towers and amplified and retransmitted. Some towers are set up to retransmit signals from other cell towers. Why subject your family to highly amplified high frequencies? It’s not worth the investment.
Near a freeway, don’t even think about it. Not only do you have to contend with the noise, but the exhaust fumes from gas and diesel fueled vehicles that travel up and down the freeway 24 hours a day. What happens when there are frequent traffic backups? Idling vehicles, diesel and gas. If you care about your family, stay away. Your agent will not be concerned about your future health, closing is their game.
The H O A. (Home Owner’s Association) Do your really want to pay someone to tell you what you can and can’t do on you own property? hold up, wait a minute, your city, county and state code enforcement officer does that, so you already have three, do you really need another?
The highly advertised Bus stop. If you have asthma or any other respiratory illness you want to stay as far away from living at a bus stop as you can. A vehicle stopping and starting by your home every 15 min……not a good thing. If you don’t have a respiratory problem now…you will. Admittedly, this is an extreme example. this home is on the corner, a bus stop right at the garage, at a stop light and a cell tower across the street. That’s before you even look at the inside of the house.
Check the area’s flood plane map. The is as elevation in most every area that will always flood. Compare the flood plane with the elevation and find out the elevation of the property you are considering. I don’t have to tell you that the elevation of your property should be substantially higher than the flood plane.
The Greenbelt. These areas are promoted in areas where no other construction is allowed. While it may seem nice to live near a green belt, there are restrictions and research need to be done to find out what can and can’t be done on your property. Various restrictions apply so thoroughly do your research to assure that the restrictions would not hinder your ambitions now or in the future.
Industrial Areas. After reading this far, do I really need to explain why this area is not a good idea. But I will say this, trucks, noise, traffic and I don’t want to get into what is stored, shipped in and out of these areas.
Railroad Tracks. Really!!!
To Be Continued…….Continue To Part III