A daily journal concerning Lake Vermilion and surrounding areas
Selected real estate, notes, stories, musings, and anecdotes
------------ Comments and links welcomed ------------
Tuesday, April 06, 2004
Obviously.
Here's a formal confirmation of our real estate market that common sense will affirm.
When you have a Vertical Supply Curve, it is market demand that primarily determines market value.
In other words... if the availability of something is fixed, it is buyer demand for the item that most likely affects the price that item will sell for.
In other words... real estate is a good investment, because they "ain't makin' any more of it".
All Lake Vermilion area real estate is a good value. With an even better future value. It would be tough to find anyone who regrets buying Lake Vermilion area real estate.
Obviously.
