Category Archives: News
More beating on surfin’ dudesville. Joel Kotkin, who was in Dallas last Friday, is on his Texas kick again and I just love it. In fact, I’ve offered to help him find a house in Texas and just move in. This time he’s talking about the political and social and plain insane suicide Californians dealt themselves in the recent election: Jerry Brown, Gavin Newsom. Because California, God love her, is already in a pickle and Kotkin thinks the new sheriffs will only make it worse:
Kidding. Sort of. The folks who live near those 42 vacant acres at Central and Walnut Hill are going to be tripping over ‘dozers and cement trucks now that a Missouri investor has snapped up the land and created a new chapter for Dallas real estate. But the question is, how much did he pay for it, and what’s he going to do with the real estate now that he has it?
Second home buyers are a lot younger than you might expect, and they are not all affluent. Where do they want to have second homes? The beach, like Florida, which is no longer God’s waiting room but foreclosure central; Arizona, where it’s arid and there are so many foreclosed properties to choose from you can get dizzy shopping; the Colorado mountains, the rivers and ski ways of Montana, and North Carolina, a growing hotbed of second home coastal communities. Believe it or not, the bubble bursting in real estate has made owning a second home a reality for many because pricing has been slashed and dashed. And people are buying.