Quote:
Originally Posted by Duane Adolph
Thanks for the REAL LIFE Example of the Infrastructure concept.
Duane Adolph
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Duane,
Let me give you an update. On that map, just a couple of miles South on Rt. 8 you'll see Seasons road. They are building an exit there. So what?
Just this past week, the cities of Cuyahoga Falls, Stow and Hudson all signed a joint venture agreement, and a local hospital is going to build a new hospital at that intersection.
So what about the real estate? YEP, it's still one of the most desirable areas with some nice property, and very little at bargain, recession rates.
IF we had bought a house in this area when this post was originally posted, and we "flipped" it today...it would have turned a much higher than average profit. The state has committed millions of dollars to the INFRASTRUCTURE of this highway, cities have ponied up more millions with tax incentives to create an industrial zone...and once the new section of Rt. 8 gets finished, it opens up the East side of Cleveland to millions of people.
Just a mile or less off of this expressway in the making, are beautiful lots, older homes with acreage and some nice homes being built too. This area is as close to recession proof as it gets.
Infrastructure, it's the secret to look for still.
Gordon