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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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<blockquote data-quote="jpro" data-source="post: 16798073" data-attributes="member: 72690"><p>We moved to the Las Vegas metro in 2018 but lived in Madison prior to moving here. We lived in Cottage Grove (I think that is where they built the Amazon distribution center?). When we left Cottage Grove it was a small, sleepy little place with the only houses being built over behind Glacial Drumlin MS and they were bigger homes that were expensive. There was absolutely no building going on when we lived there. My wife and daughter went back to visit in May of this year and said the town is blowing up. Upscale apartments and new single family homes. Place is growing like CRAZY. </p><p></p><p>I never understood the attraction to Madison city. My buddy lives in Tenny Park (has rented there for at least 8-10 years) and the prices of real estate 10 years ago was insane. Old homes, no central AC, no attached garages. I never understood the attraction. I guess the park is nice, and a lot of young people with good jobs like city living there. We had some great parties in his neighborhood because it was a younger crowd. But for me, I wouldn't consider city living like that if we still lived in WI. </p><p></p><p></p><p>As far as the topic discussion goes, we bought our house in Henderson/Vegas two years ago for $525k. It is valued at $840K currently. Even if it lost 25% of its value due to a "crash" it would still be worth $640k, which is insane considering we purchased it two years ago. The market has to cool. That type of increase in value cannot be sustained.</p></blockquote><p></p>
[QUOTE="jpro, post: 16798073, member: 72690"] We moved to the Las Vegas metro in 2018 but lived in Madison prior to moving here. We lived in Cottage Grove (I think that is where they built the Amazon distribution center?). When we left Cottage Grove it was a small, sleepy little place with the only houses being built over behind Glacial Drumlin MS and they were bigger homes that were expensive. There was absolutely no building going on when we lived there. My wife and daughter went back to visit in May of this year and said the town is blowing up. Upscale apartments and new single family homes. Place is growing like CRAZY. I never understood the attraction to Madison city. My buddy lives in Tenny Park (has rented there for at least 8-10 years) and the prices of real estate 10 years ago was insane. Old homes, no central AC, no attached garages. I never understood the attraction. I guess the park is nice, and a lot of young people with good jobs like city living there. We had some great parties in his neighborhood because it was a younger crowd. But for me, I wouldn't consider city living like that if we still lived in WI. As far as the topic discussion goes, we bought our house in Henderson/Vegas two years ago for $525k. It is valued at $840K currently. Even if it lost 25% of its value due to a "crash" it would still be worth $640k, which is insane considering we purchased it two years ago. The market has to cool. That type of increase in value cannot be sustained. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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