March 9, 2006
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There's a building boom going on here in the Arlington Heights area where we live, and it's frankly a bit puzzling.
Townhomes. You know, three or four tall, skinny houses that share at least one wall? Generally found in San Francisco and NYC?
I can think of at least three groups of townhouses currently under construction, with another one planned for the end of my street (that particular one never seems to get any forrader, though....I'm wondering if the would-be builder is unwilling to start construction until at least one or two of the proposed townhouses are sold).
It's kind of strange looking, having groups of a few upscale townhomes interspersed among small, 30's and 40's era houses.
Comments (4)
In California, they squeeze in apartments, townhouses, & condos in every neighborhood and in every available inch of space. About one mile from us homes cost in the $600,000 to $700,000 range and they have built row after row of new townhouses. A 2 bedroom rents for about $1800 a month and sells for about $350,000! Insane!
I don't think I'd dig the townhome thing. It's like, all the hassle of homeownership with none of the privacy.
I've been happy to see the renovation in your neighborhood! It's great for your home. You have such a prime location. Hang on to your house. The value should just go up!
Of course, as the value increases, so do the property taxes, and the need for more homeowners' insurance.
There's always a downside in this pre-resurrection life.
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