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jdaasoc

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jdaasoc

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Re: ajtj99 post# 111842

Sunday, 12/02/2007 8:41:55 AM

Sunday, December 02, 2007 8:41:55 AM

Post# of 148479
The adage in real estate is location, location, location.

What's so bad about California. Is it the inability to build large developments on basically arid undeveloped rural tracts of land in the hopes of quick appreciation.

In NJ, some areas are up in value others are down in value but on the average everything is bearable since we still have jobs.

Most new construction is still cape cod knockdowns or "flag lots" carved out of subdivided lots.

Absent is the mega builders who can't get bank financing to build developments.
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