As far as land? It's like owning your own gold mine! EVERY parcel of land I have seen or looked at with and without home or structure of any kind has more than doubled.
Everyone down here is saying, the only way to make any profit from anything real estate related is to sell and move north to re-invest. Down here, you can't replace what you sold without paying double or more.
Quote How far north are they going? Georgia, Carolinas? To get anything reasonable up here you have go into gods country where it is nearly impossible, or atleast hidiously expensive to build. A buildable lot is running around 50K an acre, and for that you'll probably have a small fortune in lot prep. Just no flat buildable lots left here. Lakefront will set you back 100-200K for less than an acre. The big spenders are buying entire neighborhoods, leveling everything in sight and building one big mansion. Last year someone from MA paid over 1M for 3 lakefront houses and leveled them all. There is now an 8000sq/ft summer home sitting there.
How far north are they going? Georgia, Carolinas? To get anything reasonable up here you have go into gods country where it is nearly impossible, or atleast hidiously expensive to build. A buildable lot is running around 50K an acre, and for that you'll probably have a small fortune in lot prep. Just no flat buildable lots left here. Lakefront will set you back 100-200K for less than an acre. The big spenders are buying entire neighborhoods, leveling everything in sight and building one big mansion. Last year someone from MA paid over 1M for 3 lakefront houses and leveled them all. There is now an 8000sq/ft summer home sitting there.
Ross where is the building on two acres located at in Southern Al.? Are there any pics availlable?Ace