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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 3 Feb 2005 13:16:12 -0800
/ Author of the message: "ElaineJ" |
Title of the message: |
Re: Will home prices fall?
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Text of the message: |
Don Zimmerman wrote: -snip- > Yes, things like that probably happen in a lot of cities > the size of Ithaca, especially when a major employer moves > out or goes bankrupt. Flint, Michigan comes to mind. I know > a small place in British Columbia where a plant closed, > and houses can be had for $3000 or $4000, and nobody is > buying. This makes me want to buy up the place, keep it just as it is (except for some tarting up), and turn it into a retirement village. > I would guess that recoveries will eventually come > in smaller cities where this happens, but in some places > it make take a long time. A lot of rural areas across the northern tier of states, from NY and on across the farming states, seem to have villages which are not recovering. Perhaps a place has to have a certain minimum size in order to maintain momentum; cities may be able to recover eventually, but not truly small towns. . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.