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SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Covid Side Effect
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<blockquote data-quote="08mojo" data-source="post: 16619502" data-attributes="member: 132915"><p>It's crazy here in a small mountain town in North GA. We bought in 2019 and were looking in the $250k to a budget stretch of $350k. The cabins in 2019, that were overpriced at $350k then are now selling for $750k. They were shit cabins at $350k, but they selling for double that within days, sometimes hours, of being on the market. And these are definitely second homes, not dwellings where someone could work remotely: there is very, very poor internet and cell service is virtually non-existent for some of these homes (think 1x service, not even 3G--so not data).</p><p></p><p>People cannot sustain a $750+k second home, and renters will not continue to pay $500+/night in the future to stay in a small mountain town, in a crappy cabin where multiple guests have to share a bathroom.</p></blockquote><p></p>
[QUOTE="08mojo, post: 16619502, member: 132915"] It's crazy here in a small mountain town in North GA. We bought in 2019 and were looking in the $250k to a budget stretch of $350k. The cabins in 2019, that were overpriced at $350k then are now selling for $750k. They were shit cabins at $350k, but they selling for double that within days, sometimes hours, of being on the market. And these are definitely second homes, not dwellings where someone could work remotely: there is very, very poor internet and cell service is virtually non-existent for some of these homes (think 1x service, not even 3G--so not data). People cannot sustain a $750+k second home, and renters will not continue to pay $500+/night in the future to stay in a small mountain town, in a crappy cabin where multiple guests have to share a bathroom. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Covid Side Effect
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