Brigantine, New Jersey
The Wall Street Journal had a good story about vactation home prices. (A number of papers syndicated it.) Aside from California, some of the hottest markets are in Jersey, including Brigantine, Ocean City and Lavalette.
[By June Fletcher, The Wall Street Journal
A year and a half ago, David Krahn had never been to the Jersey shore -- but he plunked down almost a million dollars to buy a house there anyway.
Why? The Philadelphia utilities analyst had heard home prices along the shore were booming. So, for $990,000, he and a business partner bought a four-bedroom oceanfront townhouse in Brigantine, N.J., a barrier island about an hour away, to use as a summer getaway and part-time rental.
The townhouse appreciated so quickly -- local brokers say they can easily get $1.5 million for it today -- that Mr. Krahn is about to buy another, bigger place nearby. That house costs $1.875 million, but he hopes it, too, will be a gold mine.]
[By June Fletcher, The Wall Street Journal
A year and a half ago, David Krahn had never been to the Jersey shore -- but he plunked down almost a million dollars to buy a house there anyway.
Why? The Philadelphia utilities analyst had heard home prices along the shore were booming. So, for $990,000, he and a business partner bought a four-bedroom oceanfront townhouse in Brigantine, N.J., a barrier island about an hour away, to use as a summer getaway and part-time rental.
The townhouse appreciated so quickly -- local brokers say they can easily get $1.5 million for it today -- that Mr. Krahn is about to buy another, bigger place nearby. That house costs $1.875 million, but he hopes it, too, will be a gold mine.]
posted by Little_Silvered at 7:24 PM
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