[FoRK] Does this real estate boom remind you of the dot-com boom?
Stephen D. Williams
sdw at lig.net
Wed May 18 19:42:25 PDT 2005
That strategy won't work in the DC area, at least not in N. Virginia.
Metro might make it to Ashburn in 10 years; the housing is already too
expensive: townhouses $320K+, houses mostly $600K+. 10 years ago it was
$150K and $300K.
Matt Jensen wrote:
>Quoting Joe Barrera <joe at barrera.org>:
>>Even better: Pittsburg (sic), CA.
>>... and BART runs from SF to Pittsburg.
>A great strategy is to buy where mass transit is scheduled to be built. The
>trick is buying just after the plans and funding are "finalized", which should
>get you a lower price before the plans become widely known and factored into
>prices. You end up with an appreciation above the norm, and you get a possible
>mass transit option for yourself.
>For example, in NYC a couple of years ago, a neighborhood to snag was
>Bloomfield, NJ, which was affordable but due to add a commuter line into the
>city. (Bloomfield is also next door to desirable Montclair.)
>Here in Seattle, up-and-coming neighborhoods may include Burien (due for light
>rail) and Fauntleroy (due for the monorail). The monorail project is looking
>more tenuous lately, though. And while people would still much rather say they
>live in Seattle than in Burien, my urban planning contacts say Burien is a town
>to watch; their civic leaders seem to know their stuff. It seems to be one of
>the better buy-low-sell-high-eventually opportunities in this area.
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swilliams at hpti.com http://www.hpti.com Per: sdw at lig.net http://sdw.st
Stephen D. Williams 703-724-0118W 703-995-0407Fax 20147-4622 AIM: sdw
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