Quote:
Originally posted by sgtclub
Doesn't the answer to this question depend on the nature of the zoning and the intended alternative use for the property?
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Commercial uses are almost invariably more valuable that residential uses, which is why you need zoning for residential use only. Few (if any) zoning laws prohibit residential uses in commercially zoned areas.
The only type of area I can imagine being more valuable for residential use is perhaps those with unique natural attributes, such as shoreline/coastline, where people are willing to pay sufficiently much to have a house there that commercial uses would find it uneconomical. of course, someone still might put up a hotel.
