We always get the occassional RE flyer on the bulletin board at work, usually for an overpriced McMansion nearby. But one caught my eye today as I was getting coffee because it had a picture of an empty desert lot. Eastern Washington, maybe? Nope... Scottsdale! A local person is advertising for lots in Arizona. I wonder if an investor/speculator is tying to unload his property. Sign of the times, I suppose.
I put this article in my bookmarks a few months ago. It talks about long-term real estate price changes. And by long term, I mean 400 years.
ReplyDeleteFrom Dutch history, a real estate lesson
We always get the occassional RE flyer on the bulletin board at work, usually for an overpriced McMansion nearby. But one caught my eye today as I was getting coffee because it had a picture of an empty desert lot. Eastern Washington, maybe? Nope... Scottsdale! A local person is advertising for lots in Arizona. I wonder if an investor/speculator is tying to unload his property. Sign of the times, I suppose.
ReplyDeleteFrom Dutch History, a Real Estate Lesson
ReplyDeleteThe NYT wouldn't let me into alan's link, but I found what looks like a reprint on another channel.