The answer to whether your home is a teardown may not be black and white or predetermined. In other cases, it may be an easy yes or no. There are many factors that determine this. You should not be personally offended to know you live in a teardown, as it has no reflection on you.
Defining a home as a teardown has little to do with the age of the home or how dated the home improvements might be.
The phrase “teardown” might be quite unfamiliar in most places of our country and throughout the world, and far more common in prime residential areas of metropolitan cities with a shortage of land and a high density of wealthy and upper-middle-class people with specific needs.
Elite groups and wealthy people