Prices over there are pretty crazy already, do you think they will a big upswing as the Olympics gets closer?
Your thoughts?
DH
Your thoughts?
DH
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I think the French are very pissed off about London getting the Games. -
I believe places directly around where the major events will be held will skyrocket.Comment
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Originally posted by Steve
Good!
France!
Yay for London!!
And yeah, they'll probably hike some prices down there - but at least they've got about 6 years to spread it out..
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London prices are more absurd than California. The Olympics will stimulate businesses, local construction, indian food and those big Dr. Suess hats that say "UK" on them, but I can't see residential property cost inflating.
But then again, I am no expert, I am just posting in this thread so that I can feel a part of the group.Comment
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It didn't happen in ATL What was funny was all these people thinking they were going to win the lottery by renting out their homes for a fortune - and these were people in the suburbs - 30+ miles away from the venues! There were even empty hotel rooms in the closer burbs once the Olympics started.
The good things: Everyone took public transportation so the streets were clog free, people freaked out and thought the restaurants would be packed so no one went - they were empty so it was a perfect time to go
And apparently the big scare over there not being enough tickets was BS - everyone I know got every single ticket they reqested.
It was fun and I'm sure it brought income into ATL, but there was no rise in home prices.Comment
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Welcome Cory , lets have a group hugOriginally posted by WEG Cory
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But white cloth and explosive sales went up.Originally posted by PeachesIt didn't happen in ATL What was funny was all these people thinking they were going to win the lottery by renting out their homes for a fortune - and these were people in the suburbs - 30+ miles away from the venues! There were even empty hotel rooms in the closer burbs once the Olympics started.
The good things: Everyone took public transportation so the streets were clog free, people freaked out and thought the restaurants would be packed so no one went - they were empty so it was a perfect time to go And apparently the big scare over there not being enough tickets was BS - everyone I know got every single ticket they reqested.
It was fun and I'm sure it brought income into ATL, but there was no rise in home prices.
haha....sorry Peaches.Comment
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Didn't London just experience a huge real estate bubble burst?Originally posted by DrinkingLight
I wonder if this will put them right again.President at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
71 industry awards for hosting and professional excellence since 1999
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Prices have settled down a little and prices have come down slightly but the housing market hasn't crashed yet... the UK economy is in great shape at the moment so I can't see it really happening yet.Originally posted by Brad MitchellI don't endorse a god damn thing......
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Fuck FranceComment
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well , london REst prices are in the sky now
i don;t think it could get much higher just because of 4 weeks olympics ....Comment
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He was from NC. We need stronger borders in GAOriginally posted by WEG Cory
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I think that real estate values are based around the same principles as any other free market product. Proactive marketing will increase value.
Also, an event such as the Olympics is bound to raise land values. Nations and individual cities have to do a lot of work to prepare for an influx of temporary population without letting it impact their GDP.
I think that it will be interesting to watch the land values all around London to see how their class system adjusts for the temporary population surrounding the Olympics and also the permanent residents that will move around.
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But then again, I am no expert, I am just posting in this thread so that I can feel a part of the group.[/QUOTE]
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We all love you Cory
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DHComment
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I think the French are very pissed off whenever London gets something.Originally posted by StevePresident at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
71 industry awards for hosting and professional excellence since 1999
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Originally posted by PeachesHe was from NC. We need stronger borders in GA
But then you risk keeping people in Georgia against their will.Comment
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What happened after Vancouver got their winning bid? Did they start to go up or not yet?
WGI play with Google.Comment
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I'm not sure if prices will rise as a result of it, but I'm sure real estate agents will certainly try to convince prospective buyers that it will send prices through the roof.I post on GFY so that when people ask me what I do,
I can tell them that I work with the mentally retarded.Comment
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Originally posted by WEG Cory
Atleast you were honest hahaComment
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I wouldn't buy property near the Olympic park in the hopes of capital appreciation based solely on the Olympics. Too far away and too many factors. However if you own the property I'd hang on to it in speculation of capital appreciation.You deserve to make more money. I'll help you do that.
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I hope so, im in walking distance of most of the venues.
I expect my net worth jumped a few points this afternoon
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As early as now, I guess there's a big possiblity..
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i think there's a possibility but the increase might be smaller than what we expect.I'm a freelance babe!Comment
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