[masraum]

Originally Posted by Scott R

Washington Park in Denver, I have an apartment there. He's not kidding about the bulldozing either. A house comes up for sale there, which is rare, and the new owner just knocks it down and builds a new two story glass and square setup.

We live in an apt near downtown Houston. It was on a corner of an old neighborhood from the 1920s. The lots were mostly ~5000sf, and the homes were mostly 800-1500sf. When those houses came up for sale, most of them were bought for the lot value, demolished, and the lots were then divided for 2-4 townhomes that were 2-4 floors and 2500-4200sf and ran $550k-$1.2M. Some were attached townhomes and some were detached (separated by ~18-36").

There were a few homes that had either been renovated inside or added on to or were maybe custom when they were built, that were kept, but that was unusual.

One home on a corner was torn down. It was replaced by 3 separated homes with the prices running from $850k - $1.25M.