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  1. #1
    Registered User Semi Pro Member
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    269

    Location Matters - Grocery Store Edition

    According to report from Zillow, one of the most important factors for your homes value is its proximity to a Trader Joe's or Whole Foods:

    Between 1997 and 2014, homes near the two grocery chains were consistently worth more than the median U.S. home. By the end of 2014, homes within a mile of either store were worth more than twice as much as the median home in the rest of the country.

    Snarky commentary escapes me.


  2. Location Matters - Grocery Store Edition
  3. #2
    Registered User Semi Pro Member
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    336
    These factors will remain relevant until Yuppies discover another chain that charges them a lot of money to feel smug.

  4. #3
    Registered User Pro Member
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    553
    So I guess things like schools don't matter any more. It's all about being close to the right grocery chain.

  5. #4
    Registered User Semi Pro Member
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    267
    It's always been about location. For home buyers and retailers.

    Don't the fancy pants grocery stores want to be around people who will overpay for their wares?

    So I would call it more correlation than causation.

  6. #5
    Registered User Senior Member
    Posts
    189
    Location, location, location!

    Anyway, I agree with credital - probably more of a correlation than causation. Aren't there a lot of real estate people trying to help Whole Food and Trader Joe's figure out where to locate stores based on improving demographic trends?

  7. #6
    Registered User Semi Pro Member
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    282
    Location allows matter. Zillow just trying to prove its relevant.

  8. #7
    Registered User Senior Member
    Posts
    240
    Quote Originally Posted by Jaster View Post
    So I guess things like schools don't matter any more. It's all about being close to the right grocery chain.
    Exactly! After all, most WF shoppers probably send their kids to private school.

    Namaste.

  9. #8
    Registered User Senior Member
    Posts
    192
    Maybe there is some signifier of Whole Foods and Trader Joes where they look for neighborhoods people like - ones with decent schools, walkable, and close to job centers.

    Those also sound like the most expensive neighborhoods.

    I am more interested in affordability, decent schools, and close to job centers. I'll give up my chance to shop for organic foods and walkability for those factors.

    And I can still walk around my neighborhood ... I just end up at my buddy's place instead of a grocery chain.

  10. #9
    Registered User Junior Member
    Location
    USA
    Posts
    23
    Uh, explain please, and then I have something not quite in the topic entered, it's like?

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