Personally . . . I'd be a bit wary and weary of the concept mentioned, above.
And here's why? . . . (not that I'm a property delveoper or flipper or whatever . . .)
(It's a cautionary tale/metaphor/allegory that goes back a few years and involves a click or two for understanding)
In point o' fact, Ry Cooder did a musical video (a few years back) to underline it.

The Chavez Ravine Story

A pox upon you History/Perspective/Philosophy Major/Miner/or I Say =)