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..Things like the beautiful view from the mountain-top house..  ..is not put into the equation..

On the contrary. The beautiful view from the mountain-top is the whole equation in the housing market. The rental value of location. No "investor" is interested in bricks and mortars. They are costs and lose value every year.

by kjr63 on Fri Apr 23rd, 2010 at 07:27:25 AM EST
well, only indirectly if you can charge a higher rent (if you are buying to rent to someone else) because of the vista. If a house has a better view but can only be rented for less because e.g. it is has really old heating installed, then investor will chose the not so nice vista house because it gets a higher rent.
by crankykarsten (cranky (where?) gmx dot organisation) on Fri Apr 23rd, 2010 at 11:42:11 AM EST
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