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Any Real Estate Guru's Here?
So I just found out that the 2 semi detached houses next door to me just became Niagara Regional Housing. Subsidized housing, government housing, projects, whatever you want to call it, thats what they are. And before you accuse me of applying a stereotype to them... well maybe I am. BUT... the mechanical company I work for has a contract with this housing corporation. We service their houses. I have been in far too many to number, yet can count on one hand how many of them were not absolutely despicable. So I know while it may be wrong to stereotype people in general, it is fair to say from personal experience that the likely hood of them becoming slums is high.
1) Property Values... what will happen to mine? I want to unload this place ASAP now before word gets out about what is next door, and before the houses are trashed.
2) Slums... They will probably become them. Already there are people in one of them and they partied out front until 4 AM last weekend, however I was staying elsewhere that night and missed it.
3) Are they allowed to randomly make houses into projects without the consent of the immediate neighbours? Given what it will certainly due to property values, it seems like something I should have had some input into.
So here are my questions... Should I have been made aware of this change? Do I have any legal recourse now to either have them cancelled as being welfare housing, or suing the housing corporation to recoup losses in property value?
I will be talking with a real estate lawyer A.S.A.P. but was hoping someone could give some input into the matter as its a long weekend and I won't be able to talk to anyone until tuesday at the earliest.
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