Hope I got this in the right forum...There is MAJOR talk in my area of a HUGE casino to be developed within the next two years. What effect will this have on the housing market??? Thanks!
Speaking from experience, they opened a new casino in Atlantic City...10,000 people needed jobs so they bought homes in a close-by city. My dad bought a HUD for 90,000, sold it for 170,000 a year 1/2 later.
What type of casino? Indian reservation I presume? Casinos employ tons of people. Should be a boon to housing market. Also, I hate to nitpick, but it's Affect, with an A
I see lots of foreclosures in the future!!!
I would imagine the real estate would increase in value greatly as in most casino towns.
Speaking from experience, they opened a new casino in Atlantic City...10,000 people needed jobs so they bought homes in a close-by city. My dad bought a HUD for 90,000, sold it for 170,000 a year 1/2 later.
What type of casino? Indian reservation I presume? Casinos employ tons of people. Should be a boon to housing market. Also, I hate to nitpick, but it's Affect, with an A