The same boom/bust cycle is going on today. While dragging her dog around the neighborhood (walking the dog) I pick up a flyer on a house for sale. No pricing, just the normal realtor gibberish. SWMBA gets home and all excited that we should troll the interwebz to learn more about the six homes featured on the slip. The bulk of them have been on the market for about a year and dropped prices by 10-15%. The homes all needed “attention”. The newer (80’s/90s) home sport original features (not renovated), the older homes have good bones but were last upgraded about 30 years ago when somebody was flush with cash, or had spruced it up before selling around the time of the Exxon Valdez spill.
There is no crush or demand for commercial space. Lots of for lease signage all over town. Lots of empty store fronts in the CBD. Very minimal new construction going on, but for the few extended stay chains. There is even an arsonist who likes to target defunct sushi shops and other empty spaces. What commercial space there is looks very long in the tooth. Aged strip malls with long time, low rent tenancy, or big box stores that have been there for a long time and are begging for updating. clay monroe > On May 1, 2019, at 4:31 AM, Dan--- via Mercedes <mercedes@okiebenz.com> wrote: > > Going to the GABC is a right of passage for the first visit to ANC. It > harkens back to the days of the pipeline and the gold rush mentality of those > times. > > I can recall being up there in the 80s after the pipeline was completed, and > how badly the economy crashed. You would drive out into the ‘burbs of ANC and > see block after block of empty office buildings, shuttered businesses, etc. > It was almost post apocalyptic looking. > > -D _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
