panda
Well-known member
PaperNC,
I respectly disagree that there is unlimited amount of land in Johns Creek. There is actually limited amount of land within the Johns Creek city boundaries.
http://theprovidencegroup.com/bellmoore-park/siteplan
Bellmore Park is one of the last large 600 home master planned subdivision within city limits. Prices between $400k to $1 million. Land gets cheaper the 40 miles north of Johns Creek.
I respectly disagree that there is unlimited amount of land in Johns Creek. There is actually limited amount of land within the Johns Creek city boundaries.
http://theprovidencegroup.com/bellmoore-park/siteplan
Bellmore Park is one of the last large 600 home master planned subdivision within city limits. Prices between $400k to $1 million. Land gets cheaper the 40 miles north of Johns Creek.
paperboyNC said:lnc said:The interesting thing about Irvine is that there is a big discrepancy between medium income of entire Irvine household and medium income of home buyer. Irvine consist about 45% Asian but 90% of home buyers are Asian. The medium income for Irvine are around $85,000 but the home buyer's medium income are almost double that number, estimate around $150,000. And the most impress thing about the home buyers in Irvine is that almost everyone bring at least20% down payment to the table if they are not already pay full cash. In most home buyer's case, the HI to home price ratio is about 5, not ideal but doable.paperboyNC said:Baby Irvine said:Among the 11 wealthiest cities in the United States, Johns Creek has the lowest HI ratio, which means that this city is the most undervalued.
Prices are set by supply and demand. There is too much supply of land in the Johns Creek area for prices to ever sky rocket. Here in Irvine the ocean / camp pendleton / the mountains limit land. Heavy traffic on the freeways makes it undesirable to relocate too far away.A lot more matters than income as the number of cash buyers in real estate in general will tell you. Someone can inherit $2,000,000 and report a negative income last year due to investment losses.paperboyNC said:Baby Irvine said:Among the 11 wealthiest cities in the United States, Johns Creek has the lowest HI ratio, which means that this city is the most undervalued.
Prices are set by supply and demand. There is too much supply of land in the Johns Creek area for prices to ever sky rocket. Here in Irvine the ocean / camp pendleton / the mountains limit land. Heavy traffic on the freeways makes it undesirable to relocate too far away.