AP is a unique opportunity which has potential beyond just looking
at the real estate market in general......that is why I have bought
and and will close on my unit in the Esperanza sometime next summer.
AP struck me as an interesting opportunity because:
1) Location and beautiful beach
2) The reputation of Metro Homes and the product that Metro Homes is
building.
3) The history and the culture in town as well as the infrastructure
that is going to be rebuilt.....casino, CH, etc.
4) Last but not least the people.....the street by street taking
back of the town.....both by people who have bought homes in town
and by business owners who have come in and are offering great
locally owned retail shops / restaurants and nightlife.
Example.....flying saucers just opened up a few weeks ago in the
shoppes at the Arcade, I beleive James is the owner....nice guy!
I can't wait to walk from my condo and frequent the restaurants,
live music venues (those that are left!), theatre, etc. No other
community I am aware of on the Jersey Shore offers all of this and
is so close to NYC, North Jersey and Phili.
I have confidence that (MM) / Gary Mottola will handle everything
properly......I understand that Gary is spending a tremendous amount
of time in AP and that he will do right by the city.
I know I am new to AP, my first visit was in early June, but I am so
optimistic about the future of this city!!
By the way......for people with influence reading this post, please
invest in the survelience system.....the negative press and crime
rates are out of hand! Thanks for your persistence on this Hinge!
Also, I am in agreement with the posts I have read from Werner, the
city is obviously going to change and has already changed, but
respect its inherent attributes and design as much as possible.
As Dan finished his e-mail..... "just needs to be handled properly"
That is really the bottom line.
John
--- In AsburyPark@yahoogroups.com, "dsher4" <[EMAIL PROTECTED]> wrote:
>
>
> >
> >
> > Yes but think about having someone like MM or say Metro or a real
> > residential developer in here in 2001 moving as fast as they
could.
> > More would have been built and sold. You assume flippers. The
> > question, then, now or in the future, is what percentage? A high
> > percentage is what causes the problem. Although 2nd home is next
> after
> > investor units to fall in a declining market. Had the
improvements
> > been made then confidence would have been higher and they could
> have
> > sold into the most robust market in history. All spilled milk in
> any
> > event, and even if it was a blessing in disguise, which I am not
> ready
> > to agree to, it doesn't change the fact that the City signed a
bad
> > deal and was unwilling or unable to enforce its position.
> >
> Those are all valid points and also agree on spilled milk. Trick
> now is for MM to make Asbury fun and interesting enough that it
> truly becomes a "special situation" that can buck the real estate
> downturn. Likely it can due to its value versus rest of the Shore
> and also its unique attributes. Just needs to be handled properly
>
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