Tuesday, October 19, 2010

Prime Real Estate

If you've ever considered purchasing real estate by the ocean, as they say in New York or New Jersey, "fuggetaboutitBuddy!" It's outrageous even in a dull economy like we're in the midst of. I don't know what people see in the ocean but they can stare off into the distance for hours. No such thing as a recession by the ocean, unless you're talking about the greedy investors in Miami who bought up tons and tons of land to develop only to find the housing market turning "soft."

Perhaps it's not the water that everyone wants, but the serenity and the vastness and the gentle wind blowing or the chill of the winter air that just causes people to pay three or four times what they would pay in a neighborhood only a mile away.

Bay views aren't as pricey but they generally do higher than the average. After all, water is water is water, yes? And we thought real estate was expensive in New York or L.A.

Someday maybe I'll be able to afford it. For now, though, I'm buying real estate in Hagerstown, which is but a stone's throw away from the ocean and the Deep Creek community. If you're not familiar with Deep Creek, it's in the middle of nowhere but it's where DC, Philly, and Pittsburgh folks go to vacation. You have to want to get there, and I think that's the point.