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Reply # 2 --- chinadaily's post...
There is a saying used by United States real estate agents when asked how to determine the value of a home: Location, location, location.|
An identical house, on an identical size/type piece of property is can be purchased for widely different amounts depending on whether it is in the middle of Wyoming, in the suburbs of Boston, or in the middle of San Francisco.
The following factors are also considered by the buyers, dependent on whether they are young, old, have children, or varying lifestyles: quality of public school system, crime rate, access to transportation/retail stores/job location/parks/etc.
Your first post pointed out the schools were bad and crime was rising.
Perhaps the residents consider purchasing these house slighly less risky that moving to Iraq, and would trust such an investment. Most purchaser count on appreciation in the value of the house over time, and intend to sell it at a certain age, or when their children are grown and leave to live on their own. Different needs depending on age and size of family.