The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (47161)	1/16/2006 2:41:57 PM
From: ohyeah	Read Replies (2) of 306849

Nowadays perhaps I should have said 25-50% of the cost as prices are creeping up everywhere. An example area is chapel hill, NC were you can by old but sometimes very well architected and built in town on an acre+ for under a half million. CH is now becoming essentially built out and I think people are beginning to see the value in such properties explaining why such properties there sell very quickly and there isn't hardly any on the market. This contrasts with the house farms spread throughout surrounding areas. The downsides of CH over Boulder are 1.) No mountains -- have to drive to smokies but they are obviously not the rockies 2.) Mosquitos -- an issue in the summer 3.) Humidity -- can be bad for a few months 4.) Taxes are 1.65 -- don't recall the boulder tax rate 5.) Crime can be an issue if you get too close to the Univ. but such crime (mostly property) is an issue in all college towns. An upside is that you can drive to the coast in 2.5 hours. The schools here are excellent, the universities are some of the best in the country as is the health care. Similar to Boulder, CH is close to a decent large city and airport.

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