Turn on the TV today, read your local newspaper, maybe a magazine, or read the news on the internet and it is not hard to miss someone talking about the bursting of the real estate bubble. This article was not written to address potential bubble markets like Las Vegas, San Diego, Miami, etc., but instead to talk about the amazing opportunities in the Blue Ridge Mountains today and in the future.
With interest rates at historical lows it is now more possible then ever to purchase your dream mountain home and have it produce a profit or even cash flow! For many years only the extremely wealthy could afford to own that dream second home in the mountains, but with today's affordable price points and lower interest rates, the possibilities are endless for those looking to cash in and take advantage of today's exciting second home market in the Blue Ridge Mountains.
Consider Ellijay, GA located in the Blue Ridge Mountains and just over 45 minutes North of Atlanta, GA for an example. With Ellijay's close proximity to over 5 million people in Atlanta, and within one day's drive for over 75% of the U.S. population, makes this local market a target for family vacations and those weekend getaways. Consider that an average 3-bedroom cabin in a nice community will rent for a minimum of 0 a night. At 30% occupancy rates plus your tax incentives from owning a second home, your new mountain dream home would pay for itself with only 10% down! That means you get all the benefits of ownership, appreciation, needed time with your family, that dream retreat to call your own, and it's paid for by others.
There are many great opportunities in the mountains today. Looking past today's turbulent market and looking at the actual long term growth projections of the Blue Ridge Mountains one would see a very different view. Look past the daily negativity surrounding us in every media outlet and focus on your happiness! Enjoy the mountains and let others pay for it.
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