"in the final analysis, property values are products of perception."
BB,
Whew, now I understand! The stock market crash of 2000, the fear and
uncertainty generated by 9/11, dirt cheap mortgage money, the criminal
misconduct of CEO's of mayor US corporations, Bush's tax cuts for the
rich, etc. had nothing to do with a real estate boom of greater
duration and soaring prices than anything ever seen in this country.
It all comes down to, exclusively, a perception generated by this
brilliant council, that Asbury's hot. Wow!
--- In AsburyPark@yahoogroups.com, "bluebishop82" <[EMAIL PROTECTED]>
wrote:
> Glad to tell you why I support the incumbents.
>
> In the 70's, 80's and 90's, Asbury Park made no progress, unlike the
> rest of Monmouth County. The perception of Asbury Park was that it
> was beyond help. Then there were 2 important forward steps that pre-
> date this current council: 1) The Gay/Lesbian community refurbishing
> residential real estate back to past glory; 2) Pat and Pat starting
> the refurbishing of Downtown.
>
> Neither of those 2 forward steps, while important, generated media
> attention or addressed public perception to the point where the
> perception of Asbury Park as a lost cause was changed.
>
> Then this council took over. Through thier efforts, they lifted
> Asbury Park's redevelopmment effort out of the Connecticut
> Bankruptcy Court. They got Waterfront Redevlopment underway. That
> started the media attention and the general conversation throughout
> the State and beyond that Asbury Park was hot again. It is that
> perception alone that drove the property values up, because in the
> final analysis, property values are products of perception.
>
> The plan to have high-density residential real estate at the water
> works. The money generated will put Asbury back in the black, so in
> the futre, we need not lose public buildings like Convention Hall.
> It's a great plan.
>
> This council also concentrated on redevelopment in other parts of
> the City, like on the West Side and the Scattered Sites program.
> They are the first to do so since the 1960's.
>
> I can't fathom why anyone would want to stop this progress. We need
> it to go forward. For many the perception of Asbury Park's comback
> is fagile. If we put the brakes on, people will stop believing and
> that will be bad for the City.
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