Merri’s and my business has thrived for many years because we try to avoid financial fashion and always look ahead for value instead.
See why this home on 47.8 acres offers such good value.
This search for value has led us to the long term focus we have had on three important trends… the falling USA dollar… investing business and living outside the USA and Smalltown USA.
Back in 2005 way before the real estate crash our site looked at five factors that suggested we would see growth in Small Town USA.
Smalltown USA Value Factor #1: Some parts of America were growing increasingly overvalued. Our 2005 message warned about Naples, Florida (where homes were 84% overvalued). We also warned about Merced, Ca. 76.7%; Salinas, Ca. 74.8%; Port St. Lucie, Fl., 72.2%; and Stockton, Ca., 72.0%. We reviewed how 41 of the 65 significantly overvalued markets were in California and Florida.
That message also looked at how the most undervalued markets were in small towns in Texas, South Carolina, North Carolina and Alabama.
Smalltown Value Factor #2: One of the largest demographic groups in history (Baby Boomers) about to retire.
Smalltown Value Factor #3: A majority of boomers plan to move when they retire and a majority of the movers plan to settle in small towns 25 or 30 miles from where they now live.
Smalltown Value Factor #4: Boomer surveys show that most Boomers plan to keep working part time when they retire.
Smalltown Value Factor #5: Technology now makes it easier than every before for these boomers to move to small towns and continue to work part time.
Smalltown Value Factor #6: There is a large decline in the purchasing power of corporate pensions.
Smalltown Value Factor #7: The loss of Social Security and the US dollar’s purchasing power will force many boomers to move to paces where the cost of living is less expansive.
In other words, Small Town USA offered good value and the changes that demand would grow was strong. This fact remains in place today.
Take for example Ashe County, North Carolina where Merri and I live part of the year.
As of December 2009 the cost of living index in Ashe County was very low 83.2 compared to the U.S. average of 100.
Here are some demographic facts about Ashe County.
Industries providing employment: Manufacturing (26.7%), Educational,health and social services (16.2%), Construction (10.9%), Retail trade (10.3%).
Type of workers:
• Private wage or salary: 75%
• Government: 13%
• Self-employed, not incorporated: 11%
• Unpaid family work: 1%
Races in Ashe County, North Carolina:
• White Non-Hispanic (96.1%)
• Hispanic (2.4%)
• Other race (1.1%)
• Black (0.7%)
• American Indian (0.6%)
• Two or more races (0.6%)
(Total can be greater than 100% because Hispanics could be counted in other races)
Median resident age:
North Carolina median age:
Plus between the recession and the cold winter this year real estate has really dropped in price as this chart shows.
There are some very interesting values in this part of the Blue Ridge.
Take for example this 47+ Acre mountain tract with 2 bedroom, 1 bathroom home (shown above) bordered by the Jefferson National Forest.
Blue Ridge Mountains are in sight. This is a very private mountain cabin.
This mountain cabin has wood floors, gas log fireplace, covered wrap porch and full walk-out lower level with expansion potential.
This is an almost new cabin with all wood interior 2-bedrooms, bath and great room on the main level.
The great room, dining area and kitchen are placed in an energy-efficient cluster.
An efficiently designed step saving kitchen with ample storage and work space is perfect for the chef who does not want to spend coveted time in the mountains toiling in the kitchen.
There are two bedrooms and a full bath on the main level.
A full partially finished lower level features expansion potential with a multipurpose room that can be used for additional sleeping space and a game room area with lots of storage space.
A large covered wrap porch is ideal for outdoor entertaining and relaxing with the views with the sounds of Nature all around.
Total privacy, views and lots of room for outdoor entertaining.
Extending the dining experience outdoors is this detached screened picnic shelter where you can enjoy the view while entertaining friends and family.
In addition to the picnic shelter, this second building will work nicely as a workshop or garage.
Jefferson National Forest borders this 47.8 acre tract along one side and the back adding to the privacy. This tract was timbered a few years ago but young hardwoods and evergreens are already reaching for the sky.
Trails meander throughout the property providing excellent adventure, hiking and horseback riding opportunities to explore all that this unique mountain tract has to offer. Located with in the Mount Rogers Recreation Area, this would be perfect for horses.
There are multiple potential building sites with views.
There are also numerous natural mountain springs and streams.
The asking price is $239,500.
You can get details about the property above from Jeff Neal a Realtor/Broker/ABR at Ashe High Country Realty.
Jeff will be at our North Carolina Seminar this June 24 to 27 to answer questions about Blue Ridge real estate.
Merri and I feel great comfort having our farm in the Blue Ridge. This is the type of place where one could live through most economic and social disasters… plenty of good water…. fresh air and fuel… plus enough land and wildlife to provide food.
Yet we did not buy into Smalltown USA as protection from disaster. That is just frosting on the cake.
History suggests life will just get better and I am all for that and still want to be in the mountains during the summer where it is cool and filled with peace, quiet and beauty…. away from the maddening crowd.
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