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I might consider it if all other factors were particularly compelling. I don't have kids and I'm not terribly sensitive to noise, so I would probably be a textbook candidate to buy such a house. Obviously it wouldn't be my first choice, though. Resale wouldn't bother me--you have to sell low, but you presumably also bought low in the first place.
It's not just the discounted price, it's that even at the lower price, it usually takes longer to sell because as you can see on this thread, your pool of potential buyers is much smaller.
I wouldn't buy but I'm wondering if any CD'ers would.
Only with good acoustic design to mitigate noise issues, and an appropriately sited bedroom to prevent blinding headlights from shining in at night. I'd also want a decent margin of safety between the freeway and house in case of accidents and "veer-offs" - 100 - 150 feet at minimum.
Not in a million years. I've listened to people who live blocks from an interstate complain about the noise.
We looked at a condo with an incredible bay view on the 20th floor near a causeway. The causeway traffic could be heard even with the balcony doors closed.
Sure. Most likely an investment property and would need to have good ROI from rent. But I wouldn't mind living there either if it had everything that I want in a location. I do fall under the camp of not minding noise and preferring city living.
Would you buy a house that sits next to a busy freeway?
Would I buy a house that sits next to a busy freeway to live in? NO....Most likely absolutely not.
Living next to a busy freeway does not exactly seem to be an action that would enhance one's quality-of-life.
But I might buy a house that sits next to a busy freeway to tear it down and turn into a lucrative revenue-producing commercial and/or industrial property, if local zoning laws allow it and if there is not much of a community nearby to oppose it or be disrupted by it.
No way. I don't have kids but I will always have dogs. I'd never buy a house on a busy road.
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