Here’s an interesting story by Matt Woolsey of Forbes which supports what I have been hearing lately in expert conversations about America’s most wealthy folks and the real estate market. For people thinking about a purchase in private clubs and gated communities this downturn is more about the timing of their decision (when they are ready) than waiting on the sidelines for too long because of the troubled market. Government action to stem foreclosures (something that’s been on the table for more than a year) seems like a policy that might make the rest of America more like these top ZIPs in terms of holding their property values. Nothing hurts comps more than these anomalies. Still, having a golf course, pool and private club experience are attractive to all Americans at any price and that should continue to be the case.
Located near Athens and Atlanta, The Georgia Club and its amenities bring value beyond a nice ZIP code.
1 response so far ↓
Top Real Estates // November 8, 2008 at 3:06 pm |
I have looked over your blog a few times and I love it.