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Poorly named streets create negative shift in market value, real estate expert finds
National Post [Canada] ^ | Friday, May 11, 2007 | CanWest News Service

Posted on 05/11/2007 7:01:48 AM PDT by canuck_conservative

Residents of Canada's Dingle Bingle Hill Terrace, Cheapside Street, Ragged Ass Road and Bastard Ward consider yourselves warned: There is a small but noteworthy negative effect between a badly named street and the perceived market value of homes or businesses that reside on it, experts say. "People attach values [to addresses] and pay a premium," said Murtaza Haider, a business professor and director of Ryerson University's Institute of Housing and Mobility. Mr. Haider recently analyzed the property values of 300 homes near Toronto's posh Bloor Street. Controlling for size, he found that having Bloor in the physical address added a statistically significant premium to a property's market worth.


TOPICS: Business/Economy; Culture/Society; Extended News; Miscellaneous
KEYWORDS: names; realestate; urban
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To: Fiji Hill
How about Lover’s Lane, a major street in Visalia, Calif., or Memory Lane in Santa Ana, Calif?

Then there’s Lois Lane, for example in Ashburn, VA and Richardson, TX.

41 posted on 05/11/2007 7:55:48 AM PDT by dighton
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To: wideawake

http://en.wikipedia.org/wiki/Shades_Of_Death_Road


42 posted on 05/11/2007 7:56:27 AM PDT by junkbond
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To: ApplegateRanch

In my hometown, we have “Needmore Road”.


43 posted on 05/11/2007 7:58:43 AM PDT by 50sDad (Angels on asteroids are abducting crop circles!)
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To: canuck_conservative
How about Akbar Road?
44 posted on 05/11/2007 8:03:27 AM PDT by aculeus
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To: aculeus
How about Akbar Road?

Is that near Bakka Lakka Dakka Street?

45 posted on 05/11/2007 8:05:36 AM PDT by dfwgator (The University of Florida - Still Championship U)
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To: aculeus

Once there was a community in California that had an Iran Street. In 1980, for some reason, the street’s residents voted to change the name to Intrepid.


46 posted on 05/11/2007 8:13:04 AM PDT by Fiji Hill
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To: trooprally

I spent a little time in the area myself (contracting work) and I still have some friends in the general area. I chuckled when I saw on your Infinite Freep thread how you were referring to you and your wife as Mr. & Mrs. T. We used to frequent Mr. T’s Sandwich Factory back in the days of Holly Garber & Lou Phrang(sp?).


47 posted on 05/11/2007 8:30:51 AM PDT by Hatteras (I'm a sweetheart, genius, a reckless jerk. Lord have mercy, I'm a piece of work...)
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To: canuck_conservative

One street in a little town in my county is named “Pig Turd Alley” due to the amount of pigs raised in that area during the gold rush era. A few years ago the residents rebelled and demanded a name change, I can’t remember what they changed it to because it is still called by it’s original name by all the old timers.


48 posted on 05/11/2007 8:31:47 AM PDT by calex59
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To: Petronski

Not a road, but I once went to summer camp (under protest) at Hard Labor Creek...


49 posted on 05/11/2007 8:32:20 AM PDT by Little Ray (Rudy Guiliani: if his wives can't trust him, why should we?)
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To: Petronski

Not a road, but I once went to summer camp (under protest) at Hard Labor Creek...


50 posted on 05/11/2007 8:32:20 AM PDT by Little Ray (Rudy Guiliani: if his wives can't trust him, why should we?)
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To: dfwgator

Kinnikinnick Rd, just off DeBarr and Airport Hights, Anchorage.

IS a bush.

Kinnikinnick Arctostaphylos uva-ursi, better know to home gardener’s as ‘Kinnikinnick’ or ‘Bear-berry’


51 posted on 05/11/2007 8:32:41 AM PDT by ASOC (Yeah, well, maybe - but can you *prove* it?)
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To: canuck_conservative

They’re right. A friend of mine was moving into a house in a new development outside Charlotte, and specifically avoided the house on Tesh Court because he thought that the association with John Tesh might hurt the property value. Seriously.

When they put an E911 system into the rural county where I grew up, they had to name all the roads, which were all previously just referenced by county road numbers (and the addresses were all “route X box Y”). One county road a few miles from me became Warrick Barn Road. Nobody knew that a Warrick had ever lived on that road, so the locals were confused. It turns out that the only resident on the road that expressed a preference wanted to name it Ward Bond Road, after John Wayne’s old sidekick...but the county clerk couldn’t understand the guy’s accent, and wrote it down as “Warrick Barn” instead of “Ward Bond.” Gummint employees, at their finest.


52 posted on 05/11/2007 8:34:46 AM PDT by Moose4 ("(Rudy's) the exact same animal as Hillary only he wears a dress." --Jim Robinson)
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To: cripplecreek

Malcom X Blvd


53 posted on 05/11/2007 8:38:00 AM PDT by PurpleMan
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To: canuck_conservative

I pass Blow Flats Road nearly every day.


54 posted on 05/11/2007 8:41:30 AM PDT by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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To: LoneConservative

I knew a guy that moved in to a new development (at the time) in NH. “Bloody Brook Road”. According to him, the M-i-L of the developer fancied herself another Doris Kerns Goodwin, and researched the area. Supposedly, there was a clash of some sort, Indians v. Brits, Brits v. French, etc.


55 posted on 05/11/2007 8:42:41 AM PDT by Calvin Locke
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To: Hatteras
Mr. T’s Sandwich Factory is no longer there. In fact, there is a small strip mall in it’s place. They saved the historic house even though it is about to fall down.

Madisons, aka Cuckoo’s Nest, is out of business. If you are familiar with Wheaton, even the Anchor Inn has been torn down. I guess that’s progress.

Later.

[Mr] T

56 posted on 05/11/2007 8:43:03 AM PDT by trooprally (Never Give Up - Never Give In - Remember Our Troops)
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To: canuck_conservative
There's a street in Bicester, Oxfordshire, UK named Crumps Butt.

The kids who grow up on that street have got to be tough.

57 posted on 05/11/2007 8:45:06 AM PDT by JCEccles (“Politics ain’t beanbag” Finley Peter Dunne)
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To: canuck_conservative

These are not unpleasant names, but I’ve always been fascinated by “sections” named after themes. Most people don’t know in the original NY Levittown there are several sections named after birds, or flowers, or stars. People would say, “I’m from the bird section”.

Presidents are common, and states, but I’ve found authors, occupations, and in Franklin Sq. NY there is a section named after Newspapers.


58 posted on 05/11/2007 8:57:32 AM PDT by I still care ("Remember... for it is the doom of men that they forget" - Merlin, from Excalibur)
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To: trooprally

I spent a little time in the area as a contractor and still managed to maintain some friends who will return my calls. ;-)


59 posted on 05/11/2007 9:03:41 AM PDT by Hatteras (I'm a sweetheart, genius, a reckless jerk. Lord have mercy, I'm a piece of work...)
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To: canuck_conservative

60 posted on 05/11/2007 9:13:00 AM PDT by Hatteras (I'm a sweetheart, genius, a reckless jerk. Lord have mercy, I'm a piece of work...)
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