Atlanta real estate?

Question

What do you think will happen to real estate prices over the next 3 to 6 months, specifically in Atlanta?

Answer 1

Atlanta is one of the fastest growing cities in the US and will continue. This is because of the attractive lack of excessive taxes (no income tax in GA), and because it is a transportation hub, readily accessable to the whole world, with ease.

That means that the price of real estate is going to continue on it's phenominal increase. If you were lucky enough to own property there five years ago, and still own it, you will see a huge increase in your investment. Investors have already started the process known as "flipping", where they buy a house from an uninformed owner for the full asking price, and turn around and resell it at an even higher price than anyone imagined possible. The investor does this over and over with house after house, until the increases cease.

I know, because it happened in my town, already.

Answer 2

Wow. If they build more expensive buildings then prices will rise up heavily.