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


To: Lizzie Tudor who wrote (107300)2/29/2008 12:57:41 PM
From: estatemakrRespond to of 306849
 
Hope this helps! :-)

stgeorgechamber.com



To: Lizzie Tudor who wrote (107300)2/29/2008 1:07:39 PM
From: bentwayRead Replies (4) | Respond to of 306849
 
"who lives out there?"

People who don't need to work anymore. People with fancy desert redrock second homes. People that fled from S. Cal. with their winnings.

There is no "industry" in St. George, or in commute range of St. George.



To: Lizzie Tudor who wrote (107300)2/29/2008 2:42:12 PM
From: MulhollandDriveRead Replies (3) | Respond to of 306849
 
lol! at people who "need" to entertain are executive types...

lizzie, you need to get out more<g>

btw, i live there

it's a bubble market fed on a considerable level by CA equity refugees/retirees, las vegas escapees and generally high income people (but there is plenty of 'low end' older housing stock here as well) looking for a second home near bryce, zion, escalante, capital reefs, snow canyon (btw there is quite a bit of public opposition to some of the homes built in the "ledges" (one of which steve ballmer purchased and it sits within eyeshot on the rim of snow canyon...lots of people really pissed about that)

there's a new airport going in that will handle intercontinental flights, for now you have to fly into SLC or LAS and take another plane to st. george...once it's finished i expect the market will pick up considerably (but that's not until 2010)

my neighbor was a retiree from silicon valley (biotech) and he told me that he paid cash for the house out of the proceeds of his "shitbox" (his words) house in SV