WJRFlyBoy wrote:
On Fri, 21 Mar 2008 17:07:05 -0400, Orval Fairbairn wrote:


WJRFlyBoy wrote:


On Wed, 12 Mar 2008 16:56:00 -0500, Gig 601XL Builder wrote:


WJRFlyBoy wrote:

Then there are trains and train tracks but two things differ.

1) People, right or wrong, don't view the danger the same
2) You can invest a potload of money into an airpark house and because
of perceptions alone, your resale market gets smaller and smaller.

--

Utter nonsense! A GA airport does not negatively affect real estate
values.


Never said that. I said the market for resale is significantly affected
by perceptions which reduce the number of people who would be interested
in purchasing in an airpark. I would particularly point to the Captiva
example. it's an absolutely gorgeous place...with a limited market.
Resales there take loads of time, one reason is the perception of living
near an airstrip.


Here at Spruce Creek we have some of the highest-priced homes in the
county (near Daytona Beach).


There are $10M homse on Captiva. The price of the home means nothing in
terms of what I said, MOF, the higher the price of the home, including
airstrip, further limits the resale market. These are not speculations,
they are mathematical and historical facts.
Duh, every "specialty" neighborhood poses a difficult time for resale.
I for one would NEVER buy a house in a golf community, but I'm building
in an aviation community. There are more golfers than pilots (sad, but
true) so the market isn't as limited, but pilots are more fun :-}!