The "small town vibe" is what holds back the value. It's undesirable to modern young people to not have a vibrant creative atmosphere. Obviously this is a generalization but it's clearly true on average. That's bad for the town no matter which way you look at it -- top young talent leaves at first opportunity, so no companies invest because no ambitious talent pool, so no dollars flow through local economy, and it becomes a death spiral. Don't pretend like locals want this.
If the town has great real estate, someone should help it find its maximum value. Sure some locals will claim to dislike the change, sort of like those old SFers that complain about the good ol days of Haight Ashbury. But they did OK if they owned. And this is what capitalism is all about -- if it's empirically good, it gets bid up with higher prices.
To pretend like small towns have precious virtue on their own or want to shun value appreciation is naive.
Small town home owners should love to find out young people moved in and made their home worth millions. They can cash out and go hide somewhere forgotten if they really want. Either way, if they pretend they have some right to not have their land value improved, they misunderstand how capitalism in America works.
If the town has great real estate, someone should help it find its maximum value. Sure some locals will claim to dislike the change, sort of like those old SFers that complain about the good ol days of Haight Ashbury. But they did OK if they owned. And this is what capitalism is all about -- if it's empirically good, it gets bid up with higher prices.
To pretend like small towns have precious virtue on their own or want to shun value appreciation is naive.
Small town home owners should love to find out young people moved in and made their home worth millions. They can cash out and go hide somewhere forgotten if they really want. Either way, if they pretend they have some right to not have their land value improved, they misunderstand how capitalism in America works.