the importance of potential area development in real estate
I’ve been hearing a lot about people moving to places at the other side of the globe with the great job offers they are receiving. Some examples are my friend Lester, who’s going to Arizona because he was given a great opportunity to teach in Collins College, and JC, who went to Japan because of the high-paying job he was offered as a designer.
I guess job opportunities, the amount of salary one receives in particular; do have a great effect on real estate. Meaning, one generally will never even consider moving to another place if the merits do not outweigh the odds, or if “the lemon is not worth the squeeze”, as my friend Nap aptly puts it. Consequently, if an area does not have much development or even a potential to develop, people will not move there, and the land value will not increase much.
