^knockdown costs are very low, maybe 10-15k. Sometimes you can sell the building as well (to be moved out as a farm / cottage or siimlar), they move off your property for free basically, but still need to dig the new hole for basement.
The cost of buying in a mature neighborhood is the land. You end up paying for all the things the community already has, like schools, and hockey rinks, etc, whereas in a new community, that's all subsidized by the government (when its eventually built), so the land is cheaper. That 150k in Rutherford, is 350k or so in most mature neighborhoods. You can see the built in subsidy / transfer of wealth from a mature neighbourhood taxpayer, to a new neighoborhood one, in those numbers.
Last edited by moahunter; 17-02-2012 at 03:24 PM..