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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (304665)3/4/2011 8:50:18 PM
From: tejekRead Replies (1) of 306849
 
'So you're saying that housing prices should start to move up in Atlanta now that water availability is a problem?'

I imagine there is a much better shot there if new construction is curtailed. Also keep in mind suburban Atlanta relative to all the other fast growing large sunbelt markets builds suburbs on much larger lots usually half acre or more plus a decent portion of the land set aside for green spaces due in part the topography is far from being flat.. Probably the 30 mile ring of huge developable tracts there is much closer to buildout than say Houston, Dallas or Phoenix..Keep in mind construction costs on a new subdivision of tract homes on a postage sized 60 by 110 foot lot per foot are way lower than an infill half or acre lot in a sub of scattered homes more common in Atlanta area

Makes sense what you are saying but did you know that Atlanta's job growth fell off a cliff in 2008 and has not come back at all? Could be the water problem is keeping industry from expanding.
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