With the building industry being in a virtual depression, I am seeing fewer tear-downs in Buckhead. Do you think that people are getting great prices on houses and building services, and moving forward despite the economy? I can't imagine many builders risking spec houses right now.
We'll see which one actually start construction. I'm guessing that taxes are lower for a lot than for a house on a lot. They are building a big luxury apartment building next door (not right next door) and have done a tear-down and built it back in just the last few months.I do think that Morningside / Va Highlands must be the best location in a slowdown. In the best of Buckhead it's serious money. Pretty serious here too but not the same magnitude.
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