[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.

sdw

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.
>
>-Matt Jensen
> http://mattjensen.com
> Seattle
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Stephen D. Williams 703-724-0118W 703-995-0407Fax 20147-4622 AIM: sdw



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