High property values support high-achieving schools, which in turn increase property values and personal wealth.
But everything can go too far, and at some point high property values may begin to destroy local economic activity.
Whilst some have profited greatly from eye-wateringly high property values, issues around affordability have left many, particularly in London, unable to buy or even rent.
New Jersey might well brag about its affluence, median household income, high property values and educated work force, but only a fool would take any of this for granted.
In the current economic climate, with locally unaffordable, very high property values, the traditional Cornish communities, shops and business not related to tourism are failing fast.
High property values price first-time buyers out of the market, besides crowding out other topics of dinner-table conversation.
She named Chelsea, Boerum Hill and Red Hook as among the many neighborhoods with large public housing developments and "very, very high property values".
But now the owners — whose 55 floating homes constitute the largest such community remaining on Long Island — fear a new threat that, in this area of high property values, seems more powerful than any act of God: development.
Local leaders who spent heavily during the boom times are now under pressure to cut real estate taxes, which in many cases are still based on eye-wateringly high property values.
