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A home with an active producing vineyard in North Texas? You bet your chardonnay! I just got in a few hours ago from the Peninsula of northern California where we spent some time near Saratoga Springs at a shooting range. Yes, Virgina, people do own guns in California. Along the winding mountain road we saw numerous, charming little winery estates tucked into the hillside. Then I come home to find out all I have to do is head north a few miles from Dallas to Sherman to find a 44 acre estate with picturesque horizon views and a bountiful 15-acre vineyard of Chambourcin grapes: Angel Ridge Manor at 5312 State Highway 11. The winery produced 9 tons of grapes in 2011.
Yes, Virginia, there are vineyards in North Texas!
Dare I say it — after all I’m a transplant, too, from Illinois, though I got here as quick as I could: tell these immigrants they are welcome, but leave their higher tax and social spending mentalities back in their previous home state!
Read more on The Boo Boo’ed Blue States on “Fiscal Crack” While We (!!) Attract the Affluent…
Actually, it’s probably a combination of these factors, says Bloomberg News’ Josh Barro. States that have low or no income taxes such as Texas are also more friendly to developers, resulting in lower housing costs.
To a real estate junkie like me, this was almost as exciting as getting a new Porsche: People are starting to get wise about Standard & Poor’s Case-Shiller report. Did you notice that numbers came out this week, Monday in fact, the news was pretty bleak IN SOME LOCALES, but no one (here, at least) freaked out? Then the Wall Street Journal produced what I think is one of the most significant real estate articles in eons. If you don’t subscribe and cannot read it, here is what it says in a nutshell: REAL ESTATE IS A LOCAL STORY.
Homes are getting smaller and people are downsizing…are you kidding? The latest fad in home design: homes with a gazillion bathrooms. The Los Angeles Times reports California Real Estate brokers who cater to the rich say their clients are now asking for homes with at least two bathrooms for every bedroom. Continue reading