From Pat Coffey, President and Principle Broker, Brownfield, Coffey & O’Neill:
The more I think about your project the more it has to speak to a person’s desire for a long term community situation. Real estate is not an investment now and doesn’t look like it will for the near future but we all need a place to live. If your project has a “relational community design” it offers more than just isolation in a development or neighborhood where all the values are headed down. If you can create a refuge where people can come together and feel support for one another… then maybe there can be success. There are lot’s of groovy places to buy with green space… yours needs to have a community component built in.
BUSINESS DAY | March 30, 2011
U.S. Housing Prices Fell Again in January
By DAVID STREITFELD
“A 1 percent decline left prices barely above the recession lows, indicating a still weak market…”