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Spot on. I live in a suburban town that is unique for my metro area in that it has a nice thriving downtown, great schools, 10 minutes from the downtown exit on the freeway, and really great quality of life. I have friends who want to move here and there are developers champing at the bit right to take some polluted and therefore useless and undeveloped property and clean it up to turn it into some nice condos.. it got shut down in a public vote. New houses haven't been built in the city in about 20 years, and the ones that are here are starting to show their age. The city has been in a boom, but that cycle is going to end if we don't get fresh money and new houses. The developers are moving further up the main artery to other, smaller towns, which leads to more congestion on the main roads. It used to be that the traffic started at my town, now it's starting at the next town up. But everyone is worried that their house value will go down if there is more availability. They don't realize the value will go down if the property becomes undesirable as well.


Sounds like that situation isn't going to change soon, and you should probably sell out earlier rather than later.




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