Quote:
Originally Posted by bowlingal
roadrnnr.....be aware of high taxes and high bonds, and the lack of many stores, golf courses, and good restaurants, also big box stores. Also, check out the Daily Sun and look at how many homes in the southern area are for sale already. There has to be a reason why. Don't be starry eyed at new construction, and be aware of Coleman prison not that far away
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The primary reason for many newer home sales in the South is real estate speculation. They hope to cash in after the new home appreciation has happened but before the home & neighborhood has aged enough to demand a lot of maintenance & the bloom is off the rose. Rental properties are not nearly as attractive at higher interest rates & newly constructed homes will receive their property tax assessments.