Tuesday, January 16, 2007

The Good, Bad, and Ugly

Good news. A leading local real estate company advises us that Folmont properties have been appreciating at 8-10% per year recently, well above the rate of inflation.

Bad news. Sale of a Folmont lot was cancelled this month when the buyer learned of the prospect of wind turbines nearby.

Ugly. Construction of turbines on properties adjacent to Folmont is scheduled for this fall.


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