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jdaasoc

12/31/03 5:51 PM

#187524 RE: TREND1 #187522

In NJ for new construction, cost of home is 3x the land. Your 0.8 acre lot running about $250K. 4,500 sq ft home $500K.

I seen many a 50 year old cape cods and ranches fall to the bulldozers recently with tiny portion of foundation wall retained to call it remodeling.

Article talks about majority of new home sales are trade up market with capital gains accrued. Affordability for new owners getting more difficult.




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ajtj99

01/01/04 9:51 PM

#187629 RE: TREND1 #187522

If you had folks emigrating to California from the Netherlands instead of Mexico, Central America, and Asia; you might be gaining land in California <G>

Furthermore, the increase in the number of dykes would not be problematic for the most part.