 | Peak Oil Update - June 2007: Production Forecasts and EIA Oil Production Numbers | The Oil Drum | DrumBeat: June 15, 2007 |  |
124 comments on And now, the latest on peak oil from...Business Week?!
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GAIA Host Collective
There is now a name for people moving to the valley where I live. They're actually being called "peak-oil refugees."
At least that's what the real estate people call them.
So an exodus appears to be starting ...
Green/Refugees:
Down a bit south of Raleigh, NC..just past the city limits there are new plats that are going to be developed and the houses will be termed "GREEN".
They will be VERY expensive. This is the new mantra and scheme for the developers I suppose..ones who are very likely reading TOD and plotting a new way to make money off PO and CC.
Expensive is like maybe close to a million whereas current prices in the neighborhood are ranging from $250,000 to $500,00.
This is where my son just brought and where I have visited several times. The land in question was previously NOT going to be developed and it lent a huge amount of privacy in a very nice, not too overly developed area but now the money hounds are at it tooth and nail.
I bet it will be gated as well. There goes the neighborhood.
Airdale
PS. Might be interesting to google ,development and green.
Bet this will go over big time and I note that there is NO housing bubble bursting in this area of NC. There was in 85 when I moved away and had to let the relocation firm take over my North Raleigh(Wake County) residence. There are some areas of this location that are in a declining market but only slightly so based on demographics(meaning poor white trash or ethnically undesirable to put it nicely).