By
Gary Scott
All we wanted to do was to get away. We were not looking
for ways to make extra cash through real estate investing
distortions. But despite this I can see the money starting
to roll in once again.
We moved into Ashe County to get away from the crowds,
hustle and bustle of life not to spot real estate investing
distortions.
Making money in real estate investing distortions was far
from our mind but now we can see that real estate prices
here are about to explode. We have already made money again
which seems to be the story of our life. We move to a beautiful,
quiet place to get away from the crowds and then the crowds
follow the real estate investing distortions.
 
 
http://www.main.nc.us/ashe/
Real Estate Investing Distortions Again and Again
This has not been all bad. We have literally made millions
from moving into homes ahead of the crowd. For example when
Merri first moved to Naples , Florida there was just one
traffic light in the whole town and when I moved there a
little later there was not a whole lot more. We had to drive
nearly an hour to reach any major store (such as Sam's Wal
mart or Office depot etc.) and our nearest international
airport was two hours away. When we left, Naples was a booming
cosmopolitan city with the wealthiest income per capita in
the U.S. We made a fortune without trying and this was not
our first such inadvertent success from real estate investing
distortions.
So moving to Ashe county we hoped to escape the maddening
crowd forever. No such luck! I can see the handwriting on
the wall. Growth is coming to this area and no amount of
wishing will stop it. The original plan was to keep this
place a secret, but now that I see how growth will come I
have decided it is better to let my readers know so we'll
be sure to have neighbors who are like minded souls.
When Merri and I sold our last cabin in North Carolina
(because we did not have enough land and the altitude was
too low-summers too hot) the realtor told us we could never
find another similar place. It was deep in the woods near
a roaring creek and indescribably wild and beautiful, but
I knew he was wrong. There had to be another such place,
but higher, cooler when the lowlands were warm. I did not
realize how nearly right he was as it took us six years of
continuous search to find Merrily Farms and Ashe County.
This county which adjoins Virginia and Tennessee was established
and named after Samuel Ashe in 1799. It is often known as
the Lost Province because until recently hardly anyone knew
of the place.
Real Estate Investing Distortions Growth
The county seat is Jefferson and the county has a land
area of 426.16 miles but only a population of 22,209 people.
This population is wide spread as well. The only towns are
Jefferson (1,300 population), West Jefferson (1,002) and
Lansing (183).
This is a totally rural area with three commercial crops,
Christmas trees, timber and tobacco. There are several factories
in the county manufacturing furniture and electrical goods.
There are numerous tourist activities such as canoeing on
the new river, scenic drives though Southern Appalachian
Wilderness, leaf looking and camping.
Ashe county is isolated but sits almost equidistant from
the north and south of the east coast of the United States
. The largest, wealthiest migration in mankind's history
has taken place in the last decade into this area. Now one
in six Americans live in a county that touches either the
Atlantic or Gulf Coast . Merri and I are almost the same
distance from our old home in Naples and Maine .
Here are the signs I see that suggest to me that this area
will boom:
1. The prices here are a fraction of the county just south
(Watauga)
2. The first cappuccino machines have arrived in Jefferson
.
3. The major road from I-77 is being widened to four and
even six lanes.
4. Wal Mart has built a super store.
5. The first golf course communities have been a success.
6. Art galleries and interior designers are setting up
shop prolifically in town.
7. The U.S. dollar is crashing which is causing a big real
estate investing distortion. The weak dollar makes this land
really cheap to Japanese, European and Chinese investors.
Eerily these are the same signs I spotted in Naples a little
over a decade ago when that town began to boom.
Don't get me wrong, Ashe County will not become a Naples
Florida, which grew from a sleepy fishing village to a winter
residence and then to a full city. West Jefferson is most
likely to grow most as a summer residence and tourist area
first.
Some of the land we have
invested in Ashe County LittleHorseCreek.com
Gary Scott
For more on international real estate investing distortions
go to successguidelines.com/retirement/index.htm
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