REALTORS® like roads. New roads mean new businesses. New businesses attract new housing demand and raise the price of existing homes. New roads also mean other things. Somehow new roads cause sprawl and congestion. I thought they were opposites. New roads spoil someone’s property and quality of life, while making opportunities for others.
NPR has been talking about a new road into the Peruvian Amazon Basin. Yesterday they talked about the road attracting illegal gold miners that are ruining the environment and polluting the rivers. They talked about the corruption in the mining areas and the gang style mentality that is pervasive there. Today they talked about Brazil nut farmers. (Yes they have Brazil nuts in Peru.) The damage and development from the road is driving the Farmer’s out of business.
It seems that new roads are similar to new laws. There are winners and losers. I have had the highway department take a very valuable piece of property from me and pay me very little. They built a road past another piece of ordinary property and made it very valuable.
David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/
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