RFP Staff
♦ When $36,000 will buy a habitable dwelling, smart money investors are swooping into Salisbury to take advantage of the “panic party deals”.
Down from 1,100 homes for sale 15 months ago to around 750 homes on the mainstream real estate market, the housing market is a slum-dog millionaire’s dream in Salisbury, N.C. With “smart money” investors maxing out a couple of credit cards to purchase rental haciendas and overnight transform themselves into “nuevo rich” who will make credit card payments until they can find banks to lower their monthly interest terms.
Salisbury’s real estate ship is in port and the party is getting started. This success can be laid at the feet of the last decade of incumbent and former city council members who sat back and watched “city planning” grow poverty, the school system accelerate into bottom rung status, and crime go out-of-control. And lets not forget the “Fibrant effect” on city services and working class flight. It’s a buyers market in the Bury where housing prices have plummeted to an all time low and shows no sign of let up.
Many folks are unloading their houses privately or on Craig’s list to beat being lost in the bloated mainstream Salisbury real estate market. Houses are selling sometimes for a much as a third to a half of their original market value from several years ago. With a couple of lucky bucks to squeeze together in this Slumdog Millionaire’s market called Salisbury, watch your wealth multiply.
The panic party is on! How many section eighters can you squeeze into an “historic home”? Live safely in Mooresville or Concord and watch your holdings grow like carpets of toadstools in a dark and dank forest.
http://www.trulia.com/for_sale/Salisbury,NC/featured;a_sort
“Make a Dollar in the Midst of Salisbury Squalor!”
