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guest · Guest

Does anyone have any info on the housing projects in Needham. Looking into buying a house there, but its close to the projects. Are they bad? Will it lower the re-sale value?
Thanks

SamChady · Guest

Even if the area is great, if its near low-income housing, the value will be reduced significantly. Even if the crime rate is lower, it has a stigma associated with it. And, normally, the crime rate is higher.

Would you want to live near an area with a transient population that had loud parties and there were smashed beer bottles all over the place, with people leaning out windows and screaming? Oh, I am not talking about the projects, I am talking about "The Fenway" and the students that ruin the area. So my point is that any "bad" thing will hammer the property value. Why is it that in the South End when you cross Mass Ave to the West, that you can get sometimes twice the square footage and nearly perfect condos for the same price as 2 blocks over? LOCATION