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

To: John Vosilla who wrote (39328)	8/27/2005 2:06:40 PM
From: BWAC	Read Replies (1) \| Respond to of 306849

<Looks interesting. Two interstate highways go through it and also not too far from Charleston for flying in. No doubt there will many areas out that way plus wester VA & NC that will attract mucho $$ from bubble markets like DC and FLA.> I can assure you there is nothing interesting about Beckley or Wytheville. Key word is highways go THRU. And the mucho $$ from DC and FLA seem to be passing me by. Got a lot of lookers but no offers, acceptable or unacceptable. Hearing alot of big talking though, with no follow thru. With the limited number of pristine old growth tracts over 100 acres for sale in the NC mountains near Blowing Rock you'd think somebody would be a taker a $2 million or so. Then you have the "horse friendly" 3 acre lot "exclusive" subdivision for $300,000 per lot, selling lots right and left, but 5 miles out from there I can't entice the maniacs to buy 10 acres for $350,000 and offer these same horse lovers access to an adjoining 300 acres of potential riding trail area for a monthly fee.

To: John Vosilla who wrote (39328)	8/27/2005 3:02:41 PM
From: bentway	Respond to of 306849

I've got this picture in my mind of a future America where gasoline is very expensive, and smarter corporations and the government have gotten serious about telecommuting, with large parts of their workforce working that way. Will it begin to be that you don't have to live near where you work? Look at all the work being done from India for American corporations today. What will be the effect on residential RE? People may still want to have the cultural and social advantages of cities, by and large, but not all of them.