OF MIDWAY HILLS

Value appreciation

– What Dos th rsach Say?

For two years thedisneystreetssayno.com site and

reated ers have procaimedthat propert vaes increaseexponentia faster otside of CDs. Biders and deveopershave exhorted the same caim

and the term “stagnation” has

come in voge. As it trns ot,there are no forma stdies in

existence that back these claims.

The on pbished researchcomparing vae accretion inCDs to areas withot designationacta concdes jst theopposite – vaes increase fasterinside and within 150 feetof CDs as compared to nondesignated areas. This std,

entitled

Conservation Status and Residential Transaction Prices: Initial Evidence from Dallas, Texas,

was pbished in 2008 bDiaz, Hansz, et a in the

Journal of Real Estate Research

and is

avaiabe on the web at

http://ssrn.com/abstract=1086196.

M f 

Week

M

: There Is A CD Ordinanceto Vote on At this Time

F

: “No” signs arond orneighborhoods might give othe impression that there is anordinance aread prepared andread for a vote.

N 

. Anordinance that comes before theneighborhood for a vote wi becrafted b representatives fromboth sides of the isse with theassistance of the Cit of Daas.These signs are (and have been)prematre. No committeehas et been formed and no

ordinance has been written.

There wi not be a vote forsevera months to come.

c s

kikiron@ash.net

phone

Kiki Pascha: 214 357 4797Chip Bensing: 214 366-3156Caros Cardoza 214 350-7466

Web

www.disneystreets.org

July 27, 2009 • V3

iF you WoulD preFer toreceiVe an electronic VerSion oF the Weekly upDater, pleaSe SenD your eMail aDDreSS to:kikiron@FlaSh.net

edito’s not:

I have heard that those of us who generally support a CD are not being sensitiveto the right of each resident to have his or her own opinion. The reality, however,is that one of the primary goals of the Disney Street Conservation Committee

(“DSCC”) is not to stie opinions but rather to ensure that opinions can be

formed based on factual data. The main topic of this edition of the CD Updateris a perfect example – Property Values. The argument that property value growthwithin a CD will lag behind values for properties outside the boundaries of a CDis directly contradicted by factual third-party research. Thus, the following articleis intended to communicate the results of this research, not to tell anyone what position he or she should take on the issue. The CD Updater is here to provideinformation and dispel misinformation, nothing more and nothing less. How (if)this information is used is the decision of each individual resident. But please use

it. And if you nd inaccuracies, please challenge anything and everything.

Chip Bensing