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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.
High property values price first-time buyers out of the market, besides crowding out other topics of dinner-table conversation.
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.
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.
She named Chelsea, Boerum Hill and Red Hook as among the many neighborhoods with large public housing developments and "very, very high property values".
Similar(17)
It's got a very high property value.
Capsule hotels became popular in Tokyo because of sky-high property values and limited space in the metropolis.
Higher property values only drive up taxes".
Higher property values mean higher taxes (which stand at about 2.5percentt per $100 valuation).
They argue, among other things, that this would help maintain higher property values.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com