[quote=jpinpb]
AN – The only thing I can figure is lots of doctors want to be in MH and will spend extra to be there. But frankly, that doesn’t really account for the gap disparity still. All of the things MH has relative to LJ or MM has not changed. All the things that zzz mentioned are the same things that appealed to certain people to live in MH and draw the premium it has. It still does not account for why the gap is greater today. I don’t know what has changed and that’s enough to make me think eventually it will capitulate slowly over time.[/quote]
JP, my opinion with no factual or historical context is that MH has evolved quite a bit in the last 20 years. There are more services, more restaurants, bars and also people are becoming more green and the traffic is getting worse. So the ideal of not driving or driving very little is very appealing. People also travel a great deal more.
I also imagine the neighborhood has gotten a bit younger with well to do late 20s, early 30s moving into the neighborhood, which will only attract more young affluent couples.
I don’t know how many openly gay people lived in MH in the 70s or 80s, much less gay couples, but I imagine that number has increased, which makes it more appealing for an affluent gay couple to live in MH vs LJ? Also as more gays are now openly coupled up, buying a home together with pooled income versus back in the day where they were buying homes on their own? This is just some anecdotal discussions I’ve had with my gay friends.
Just a couple of guesses as to why the premium has widened?
