I normally deal with things I feel very confident in - but not this time.
I recently was asked to help price a small complex, about 18 units for a small builder. I liked his location but I noticed there were no basements. I protested I could not sell units without basements and I felt it was not viable, that he should redo his plan. His response - had I noticed an increase in asthma and allergies in the children born in the 70's and 80's. How if the staple of our childhood - the peanut butter sandwich was now viewed as a lethal weapon, well yes that did seem familiar.
While according to him basements are a breeding ground for respiratory ailments and allergies, there is a direct relationship between the two. He points out these problems were relatively unheard of until we became enamoured with sub terrain in-habitation. He claims we gained storage and recreation rooms at the expense of our children.
As a realtor I love basement space, but if he is right, the price may be to high.
Is this a marketing or a health issue????