All Real Estate 059: Real Estate Pyramids

If you can look at the aerial aerial view of Cedar Bluff in like 1956 it's like nothing OK it's pasture land but that pasture land is zone agricultural. So at some point somebody came through and they decided they were going to plant a subdivision down. So they had to get that land rezoned to residential. And this is my pyramid that I'm building now. OK. So we have agricultural land on the bottom everything starts out basically agricultural and then you can get it rezoned into the other three which is residential commercial and industrial. So the easiest thing that most developers will do is get it rezoned for residential and in residential there's four different layers. It's you know high density or low density. Are you going to have one house per five acres like a mini farm or are you going to have five houses per acre like a subdivision is virtually a throw up subdivision like we have now or are they just go in and throw up a bunch of houses. So there's different levels to residential land that developers could buy. They could invest in they could build the houses and build up the whole yard. Right. But let's talk about Cedar Bluff again. So some developer went in and decided you know what we've got this big beautiful cloverleaf interchange here. I am going to buy all the land for a mile out either side of the interstate and I'm going to get it all zoned commercial. So eventually McDonald's comes through and they build up on Wendy's comes through they build up now we got Starbucks we got hotels we've got banks we've got all this commercial money on this commercial land.

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All Real Estate 059: Real Estate Pyramids is an episode from All Real Estate All the Time.

This episode is 11:25 long.

This episode was published on May 1, 2017.

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