The Wharf entertainment district features upscale restaurants and shops, condos, and entertainment. It is turning into a very popular attraction and is really taking off. The city is buying the land to the West, on your right as you come over the toll bridge into Orange Beach.
This decision by the city illustrates it's commitment to continued growth and continued faith in the local economy, the real estate market in particular. The investment makes since because :
- The minimal return on investment for traditional interest earning tools like CD's and bonds
- land prices are still very low compared to previous levels
- forecast of continued growth of the local real estate market
These same factors apply to my clients. Condo sales have grown 10% per year for the last three years. Prices are about 2/3 of what they were in 2007. There is no better place to park money than tangible real property at the beach. Throw in potential rental income and tax benefits along with quality of life and the investing decision is clear for most savy investors.
Are you ready to get in this market?
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