When I bought my house 2 1/2 yrs ago my salesman told me that he heard when the the last phase is built, the area by the new execs, the designers will start at $500k. I didn't believe him but I had my fingers crossed. I've seen that kind of inflation at the Jersey shore. I don't think he made that up. Someone in sales probably told him. Some rumors you just want to believe are true.
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