I remember the first day one of my neighbors a contractor told me if I was going to demolish the house and I though that was ridiculous since the house was certainly livable and in decent shape, I budgeted about 80,000 on repairs and a sale price of about 800,000 still the cheapest on the block and about 250,000 in profit, so I stated the rehab and after about 150,000 on expenses and 11 months I was over 70,000 of my budget and about 6 months behind I put the house on the market and had no offers NONE, ZERO, I started reducing the price and nothing, after a year on the market I decided to hold an auction and the highest bid was 340,000 for a house that now cost me about 600,000, that was a shock so I remember my neighboor question about building a new house on the lot and now it wasn’t so ridiculous, I did my homework and I though it might work the problem now is 150,000 in new everything the house had but I figure I could dismantle the house and keep most of the materials for other projects, I took a luxury builder and he told me he couldn’t build much there because the lot wasn’t wide enough, back to selling the house, in the meantime a hurricane went thru and flooded the garage and part of the house another 20,000 to my loss, finally I got an offer for 490,000 and after holding costs commissions and taxes I lost about 140,000 so much for luxury profits.

L Luxury Vinyl Plank Flooring (20.06 sq. ft. / case)Flooring for the other rental:$2.79 / sq. ft.

Since number 2 alone is worth at least $22 million, because it's a prime location and is currently rented by a worldclass luxury goods brand, I think this deal is so cheap. 

This area never truly took a hit, but with the soon to be overpricing/overcrowdedness of Atlanta lots, I expect developers to heavily target this area (along with East Point) for luxury condos catered to millenials, actors/actresses, and movie directors, and those more affluent looking to be out of the way, but still in the mix if you catch my drift, and then some regular residential lofts catered to those who work at the airport, in the City, or those who pop in and out of the city at will.Your views on Cascade Ave are interesting though.

Thank you so much for the insight @Jerry Puckett and @Michael Quarles Hello Again....I have had the luxury over the years to meet several folks who are the definition of the word doer...

I've tried other business ventures and didn't have that luxury.

@Ryan Xu - I'm not in your market and don't know the ins and outs, but it is interesting that you think mid range condos will suffer a price drop while luxury will remain strong. 

His statement makes sense financially if one wants to live in a luxury high-end property. 

It will affect owner-occupant homes, and especially higher-end/luxury properties, but even in a bad market, there are always investors looking to find good deals.

I thought that was hilarious since she's on welfare, depends upon the government to feed her, house her, clothe her, and take care of every other basic need that she has, but she expected a luxurious home.