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2008-04-10 ALPHARETTA AND ROSWELL REVUE & NEWS
Best place to buy a home? Alpharetta
April 24, 2008
ATLANTA -- According to a new article out this month on CNNMoney.com's "100 Best" series, Alpharetta was named one of six suburbs across the country in major metropolitan areas in which home prices are likely to rise the most and fall the least in the next 12 months; this was reported in the category of "Best Places to Buy a Home."

The six suburbs selected were also considered to be the "most recession-resistant."

The average home price in Alpharetta is $359,950. The story states frenzied home building in Alpharetta has been stalled, which should start to reduce the area's large supply of vacant housing and therefore propelling housing prices upward.

The second market listed is Boston (Waltham, Mass.) with an average home price of $406,000. Waltham is one of the first places to experience the downturn of the market and appears to be among the first to rebound as well. In the last quarter of 2007, prices of homes in Waltham rose only 1 percent.

Cincinnati (Mariemont, Ohio) was next with an average home price of $354,800. The city should benefit from the falling dollar due to the city's manufacturing industry which weighs heavily on the economy. Commercial building is high, and high-end developments are moving into the area.

The fourth market is Cleveland (Shaker Heights, Ohio) with an average home price of $146,100. Shaker Heights gaining recognition as "ground zero for foreclosures" seems to be benefiting from their plans to assist distressed borrowers. Prices of homes have stabilized in this area and prices should be rising in the near future.

Detroit (Farmington Hills, Mich.) is the fifth market with an average home price of $215,000. With an average price-to-rent ratio of 15, a buyer can potentially get nearly 7 percent of their purchase back every year.

The final market is Houston (Sugarland, Texas) with an average home price of $180,600. The soaring oil prices in this particular area complement the real estate industry. In the fourth quarter of 2007, prices rose to 1.4 percent, the fastest of all metro areas analyzed.

In its inaugural year, this study looked at price momentum and price-to-rent ratio metrics for the nation's 30 markets.

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These are our reader's opinions and thoughts.The opinions on this site are posted by our readers, and are not edited by Appen Inc.
Dry Cleaners are a cancer factory (every 15 feet around here)
April 28, 2008 | 08:50 PM

Dry cleaning can help keep your favorite cashmere sweater in top condition, but it's not always the best choice for the environment. Perchloroethylene, also known as tetrachloroethylene, perc, PCE, C2Cl4, Cl2C=CCl2, or tetrachloroethene, is a solvent used by 90% of dry cleaning businesses in the United States. Perchloroethylene is also toxic and causes several harmful side effects.

Some studies have indicated that perchloroethylene can cause menstrual irregularities, fertility problemsproblemsproblems, and spontaneous abortions among women who work in the dry cleaning industry. Perchloroethylene residue from dry cleaning processes can also seep into drinking water, causing a variety of problems. For example, many scientists believe perchloroethylene exposure can cause liver or kidney damage. In addition, perchloroethylene has been named a carcinogen by the International Association for Research on Cancer.

Fred
Check the Date
April 28, 2008 | 05:21 PM

Check the date on those prices: "All prices updated March, 2005"

They are a lot higher now, in 2008, but still not $15. More like $8.50. Two to three times what we pay, yet bought on the same world market. Why is it so much cheaper here?

http://www.eia.doe.gov/emeu/international/gas1.html

It's because those European countries have very high gas taxes. Their governments try to cover it up by saying that "80% of the price is tax".

But if "80% of the price is tax", the truth is they have 400% gas tax. Wow! That's almost as much as cigarettes here.

Scott
Gas is not $15 a gallon in Germany!
April 28, 2008 | 10:00 AM

See below for a list of global gas prices. You are probably one of those people that just forwards emails without verifying the facts. Another thing with cars and gas, Europe has very fuel-efficient vehicles, (55 MPG and better) much better than the US, so you ae not even comparing the same issue!

Gas prices around the world







NEW YORK (CNN/Money) – Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. Drivers in some European cities, like Amsterdam and Oslo, are paying nearly 3 times more than those in the U.S.

The main factor in price disparities between countries is government policy, according to AirInc, a company that tracks the cost of living in various places around the world. Many European nations tax gasoline heavily, with taxes making up as much as 75 percent of the cost of a gallon of gasoline, said a spokesperson for AirInc.

In a few Latin America and Middle-East nations, such as Venezuela and Saudi Arabia, oil is produced by a government-owned company and local gasoline prices are kept low as a benefit to the nation's citizens, he said. All prices updated March, 2005.

Nation City Price in USD Regular/Gallon

Netherlands Amsterdam $6.48

Norway Oslo $6.27

Italy Milan $5.96

Denmark Copenhagen $5.93

Belgium Brussels $5.91

Sweden Stockholm $5.80

United Kingdom London $5.79

Germany Frankfurt $5.57

France Paris $5.54

Portugal Lisbon $5.35

Hungary Budapest $4.94

Luxembourg $4.82

Croatia Zagreb $4.81

Ireland Dublin $4.78

Switzerland Geneva $4.74

Spain Madrid $4.55

Japan Tokyo $4.24

Czech Republic Prague $4.19

Romania Bucharest $4.09

Andorra $4.08

Estonia Tallinn $3.62

Bulgaria Sofia $3.52

Brazil Brasilia $3.12

Cuba Havana $3.03

Taiwan Taipei $2.84

Lebanon Beirut $2.63

South Africa Johannesburg $2.62

Nicaragua Managua $2.61

Panama Panama City $2.19

Russia Moscow $2.10

Puerto Rico San Juan $1.74

Saudi Arabia Riyadh $0.91

Kuwait Kuwait City $0.78

Egypt Cairo $0.65

Nigeria Lagos $0.38

Venezuela Caracas $0.12

From CNN Money.

Todd
hey todd
April 27, 2008 | 06:27 PM

gas is about $15 a gallon in germany. and guess what, their economy is still doing quite well. use your head for something other than a hat rack dude.

.
Propaganda article
April 27, 2008 | 05:40 PM

Sounds like propaganda to me. Gas is 3.65 some places, and that's the south. The North and California is at least 25 cents more per gallon. Housing is the worse in 17 years and we also have a mortgage and foreclosure crisis. Be realistic and expect things to get worse, because they will and they need to. We are due for a nice depression to equalize things . The last one was in the 30's.

Todd
Alpharetta "most recession-resistant."
April 27, 2008 | 07:34 AM

Email some good news to a friend. Half of this economy is a reaction to all the bad news the national media spins out. There is plenty of positive news out there if you look for it. Use the "e-mail" link at the bottom of the article to send this to email the article

.
Alpharetta best place to buy
April 25, 2008 | 02:57 PM

Alplharetta & North Fulton will pull out of the mush economy much faster than most of the rest of the country. This is highly likely - I agree. fyi

Alpharettian
This article was written by staff
April 24, 2008 | 06:46 PM

no ad, just some positive news that is real. I suppose if you google CNNMoney.com's "100 Best you can probably find the original article. Actually here is the link:

http://money.cnn.com/galleries/2008/real_estate/0804/gallery.best_buy_home.moneymag/index.html

but i think you have to subscribe to read the rest of it

appen
April 24, 2008 | 04:34 PM

written by realtor...not honest writting too much like an advertisement

bitter
This is great news!
April 24, 2008 | 01:27 PM

Thanks for this positive article! It is great to know our community is faring well in this poor economy

dawn


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