All of those things you refer to Skip affect property values as a matter of perception. One "percieves" that the market will go down and invests in real estate instead - all of it is perception.
--- In [email protected], "Skip Bernstein" <[EMAIL PROTECTED]> wrote: > "in the final analysis, property values are products of perception." > > BB, > Whew, now I understand! The stock market crash of 2000, the fear and > uncertainty generated by 9/11, dirt cheap mortgage money, the criminal > misconduct of CEO's of mayor US corporations, Bush's tax cuts for the > rich, etc. had nothing to do with a real estate boom of greater > duration and soaring prices than anything ever seen in this country. > > It all comes down to, exclusively, a perception generated by this > brilliant council, that Asbury's hot. Wow! > > > > --- In [email protected], "bluebishop82" <[EMAIL PROTECTED]> > wrote: > > Glad to tell you why I support the incumbents. > > > > In the 70's, 80's and 90's, Asbury Park made no progress, unlike the > > rest of Monmouth County. The perception of Asbury Park was that it > > was beyond help. Then there were 2 important forward steps that pre- > > date this current council: 1) The Gay/Lesbian community refurbishing > > residential real estate back to past glory; 2) Pat and Pat starting > > the refurbishing of Downtown. > > > > Neither of those 2 forward steps, while important, generated media > > attention or addressed public perception to the point where the > > perception of Asbury Park as a lost cause was changed. > > > > Then this council took over. Through thier efforts, they lifted > > Asbury Park's redevelopmment effort out of the Connecticut > > Bankruptcy Court. They got Waterfront Redevlopment underway. That > > started the media attention and the general conversation throughout > > the State and beyond that Asbury Park was hot again. It is that > > perception alone that drove the property values up, because in the > > final analysis, property values are products of perception. > > > > The plan to have high-density residential real estate at the water > > works. The money generated will put Asbury back in the black, so in > > the futre, we need not lose public buildings like Convention Hall. > > It's a great plan. > > > > This council also concentrated on redevelopment in other parts of > > the City, like on the West Side and the Scattered Sites program. > > They are the first to do so since the 1960's. > > > > I can't fathom why anyone would want to stop this progress. We need > > it to go forward. For many the perception of Asbury Park's comback > > is fagile. If we put the brakes on, people will stop believing and > > that will be bad for the City. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
