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That's an interesting parallel with the ladders wynn but one thing the last few years has taught me in no uncertain terms is watch where you buy;the old adage of 'position,position,position' is extremely important.People here in Durban are extremely aware of 'position' which personally I consider to be a little narrow minded. You may be on the wrong side of the street,have amenities such as schools and shopping centres on your doorstep and be in a nice quiet position but the social element of stating you are from so and so area and not 500meters away can be a huge determining factor in how people determine the value of that home...so where does that leave us? Firstly it's plain snob value that separates and secondly,that being true and believe me it is,if you are in a so so area be really careful not to over capitalize your home because if you do when times are tough,your home will be overpriced. Fortunately there are positive signs that things are stabelizing a bit although to sell your home in a reasonable time after placing it on the market ask your realtor for a complete,comprehensive CMA(COMPARATIVE MARKET ANALYSIS) and use someone who really knows what they are talking about-overpriced properties simply are not selling.
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