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Camelot One
Premium,MVM
join:2001-11-21
Greenwood, IN
kudos:1

People willing to pay more for home with broadband

I don't know about paying more for it, but we are house shopping, and if decent broadband isn't available, the house gets cut from the list entirely. It doesn't matter how great the house is, or how cheap it is. No broadband, no deal.

Then again, I earn a living online, so it isn't a just a luxury.


tshirt
Premium,MVM
join:2004-07-11
Snohomish, WA
kudos:3
Reviews:
·Comcast

said by Camelot One:

Then again, I earn a living online, so it isn't a just a luxury.

Not a luxury, but an amenity.
For you it's a necessity, for some a large yard, big garage wine cellar or some other recreational benefit makes it the right house, for you broadband frees up time/cash/choices to be recreational that makes it work, just like easy freeway access or mass transit sells other workers on a given location and home.

So now that widespread demand is there, builders and remodelers and eventually city planners will see broadband as, as much of a requirement as any other amenity.


chgo_man99

join:2010-01-01
Schaumburg, IL
Reviews:
·AT&T U-Verse
·Mediacom
·T-Mobile US

Sometimes, if just a cable provider is around but hasn't wired house because its a new isolated location, it can be sometimes cheaper just to pay for drop/installation than another house. Whats the average like $2000 (depends on distance)? Now how much the house in the same area that is wired to broadband costs more?



redxii
Premium,Mod
join:2001-02-26
Sherwood, MI

1 edit

reply to chgo_man99

Re: People willing to pay more for home with broadband

I'm half a mile (maybe less) outside coverage the cable co wants at least $10000, aerial not buried.

DSL isn't available either, so I use 3G via the phone's hotspot now.


NotTheMama
What Would Earl Do?

join:2012-12-06

reply to Camelot One
I don't think of broadband as part of the home, but part of the neighborhood--like good roads or good schools or whatever else is important for your location, location, location. And, yes, it's becoming all too true: no broadband, no sale. It's interesting though... when I bought the house I'm now in, having Internet access wasn't even a consideration; I just needed to be able to dial-up to work, and phone service was ubiquitous. Broadband will be like that some day... well, probably.
--
"Face piles of trials with smiles; it riles them to believe that you perceive the web they weave."



IowaCowboy
Want to go back to Iowa
Premium
join:2010-10-16
Springfield, MA
Reviews:
·Comcast
·Verizon Broadban..

reply to Camelot One

said by Camelot One:

I don't know about paying more for it, but we are house shopping, and if decent broadband isn't available, the house gets cut from the list entirely. It doesn't matter how great the house is, or how cheap it is. No broadband, no deal.

Then again, I earn a living online, so it isn't a just a luxury.

It's a buyers market right now. There are plenty of foreclosures and short sale opportunities on the market right now. The problem with buying a house right now is getting a mortgage is next to impossible as banks have been turning people down with good credit and six digit salaries.

Where I live (Springfield, MA), there are plenty of houses for sale and most have at least Comcast available. I would buy a house as we can afford a mortgage payment, it is that mortgages are impossible to get. Our rent is $740 per month and we could get mortgage payments for slightly less but the banks just aren't lending.
--
I've experienced ImOn (when they were McLeod USA), Mediacom, Comcast, and Time Warner. They are much better than broadcast TV.

I have not and will not cut the cord.

Kearnstd
Elf Wizard
Premium
join:2002-01-22
Mullica Hill, NJ

reply to Camelot One
Even apartments I would see this way. If the building does not have access to good broadband it is cut from the list of ones to look at.

One near a place I used to work actually had a sign on its main office building that every unit could get fios.(though I admit that is partly due to some whoring to Verizon, But I bet they got more clients due to it.)
--
[65 Arcanist]Filan(High Elf) Zone: Broadband Reports


elray

join:2000-12-16
Santa Monica, CA

1 edit

reply to Camelot One
The survey is in the UK, not the USA. It does not define what "good" broadband means.

The majority willing to "pay more" were willing to pay 3% more - here in the states, that would be about $5.5K on the purchase price, or about $25/month financed.

Most anyone going through the life-changing upheaval that is a home purchase, who is the least bit aware of the "need" for broadband, who is sensibly budgeting, would have the additional margin available to choose the broadband-happy parcel, everything else being equal.

But it isn't absolute.

At this stage in life, we would do without home broadband, if we could buy in the neighborhoods of our choice at a reasonable price - ironically, places that we left when we needed that quaint 19th-century service called "dialtone".


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