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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: fatty who wrote (13964)	9/25/2003 5:16:34 PM
From: Tradelite	Respond to of 306849

While in Atlanta recently, I looked through the big fat weekly real estate section of the city newspaper describing all the homes being built in the Atlanta area which seem perfect for first-time buyers--priced $140K-160K. From what I read, there is still land to build on in areas surrounding the city. Prices in the area I frequented (Buckhead) have always seemed almost as high as Wash DC, but apparently buyers can do quite well further outside the metropolitan core. We'd kill to have some housing and investment opportunities like that in the DC area. What I saw in Atlanta reminds me of what took place in Loudoun County,VA, (home of WCOM & AOL) just a little over 10 years ago. Plenty of new houses were going up in Loudoun at fairly low prices--the hard part was convincing some buyers they should live that "far" out and that Loudoun was going to grow and their investments would pay off. Ha! Loudoun grew so fast that the whole place is already under stringent government-imposed building limits, and the people who bought there a decade ago are fighting to keep out the newcomers.