Jude's Real Estate Rumblings

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Cashing In on Real Estate, It's Still Possible

An article from the Wall Street Journal Online, reports that despite the current economic downturn, there are some alternative real-estate related opportunities that are holding up.  Rural land is becoming more valuable due to rising food costs, demand for corn-based ethanol and a growing desire by urbanites for a place in the country.  According to land consultant Curtis Seltzer, asking prices for rural land "in most places seem to be holding their own, and are trending up in certain markets."  Another alternative that is increasing in popularity is fractional real estate.  Fractional real estate, where an owner buys a deeded share of a residence, is one way for people who don't want to acquire and maintain a second home to still have that vacation getaway.  NorthCourse, a real estate advisory firm based in Parsippany, N.J., found that fractional real estate sales reached $1.98 billion in 2007, a 20% increase over the year before.
http://online.wsj.com/article/SB121700559432885153.html?mod=RealEstateMain_1


Comments

fractional real estate is a great product. unfortunately, we tried that here unsuccessfully for the most part in greater phoenix, especially scottsdale fought it as Home owner associations did not want "transient" owners

can I ask if you are also using an outside blog to reach consumers ? or just AR?

Posted by James Wexler, Scottsdale AZ Luxury Homes (Coldwell Banker) (wexzilla.com) over 2 years ago

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