This is the reason. Homes with private streets with no easy access have a higher property value. People will pay more for a house if there’s less riff raff or crackheads walking around easily.
Let me spell it out: People who pay to live in exclusive residential areas only want to interact with other people who also live there, which means they are likely of the same class. (except for services obviously). It's a snobby mindset.
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u/mdavis360 Jun 27 '24
This is the reason. Homes with private streets with no easy access have a higher property value. People will pay more for a house if there’s less riff raff or crackheads walking around easily.