Orchidflower
Thinks s/he gets paid by the post
- Joined
- Mar 10, 2007
- Messages
- 3,323
Maybe someone other than I will enjoy this article on the future of real estate from "Business Week." Thought it was pretty interesting myself, but we'll see
what some of the real estate gurus here think:
Where Will Housing Recover First? Would You Believe D.C.? - BusinessWeek
Agree with this guy or not?
I know they keep saying Las Vegas will really boom...but when? It's still so down that I wonder how many years it will take. After all, Houston fell in '82 and didn't rise for 20 some years. Is Vegas going to be the same?
My reasoning is that the boomers are starting to retire--and medical care is lacking in Vegas for them, which is a draw or, at the very least, a concern for most over 60 years old--so I'm thinking the growth might be slower than Vegas expects at least on the geezer end. Plus, when you look at the demographics you will see very few folks living there after 75, which, I'm guessing, is due to the lack of medical care. An old-time realtor there told me most folks after 75 leave Vegas to be near family or medical care. Is booming growth expected with the younger folks seeking jobs? Guess so.
Phoenix and Orlando: Long-time geezer spots, so that makes sense.
Atlanta: They keep writing articles that say that geezers are moving there but I'm not finding them particularly. Seems like Atlanta is a pretty young city to me overall...not that that can't change at some point. Maybe this prediction is based on all the new businesses coming to Atlanta and young people coming it?
what some of the real estate gurus here think:
Where Will Housing Recover First? Would You Believe D.C.? - BusinessWeek
Agree with this guy or not?
I know they keep saying Las Vegas will really boom...but when? It's still so down that I wonder how many years it will take. After all, Houston fell in '82 and didn't rise for 20 some years. Is Vegas going to be the same?
My reasoning is that the boomers are starting to retire--and medical care is lacking in Vegas for them, which is a draw or, at the very least, a concern for most over 60 years old--so I'm thinking the growth might be slower than Vegas expects at least on the geezer end. Plus, when you look at the demographics you will see very few folks living there after 75, which, I'm guessing, is due to the lack of medical care. An old-time realtor there told me most folks after 75 leave Vegas to be near family or medical care. Is booming growth expected with the younger folks seeking jobs? Guess so.
Phoenix and Orlando: Long-time geezer spots, so that makes sense.
Atlanta: They keep writing articles that say that geezers are moving there but I'm not finding them particularly. Seems like Atlanta is a pretty young city to me overall...not that that can't change at some point. Maybe this prediction is based on all the new businesses coming to Atlanta and young people coming it?