This is not an ultra-new story, yet I did want to bring it to the attention of ActiveRain Professionals as it could become something that stirs the real estate market here in Pennsylvania. While I'm not sure of the ramifications of this being implemented, it certainly would bring an increased level of interest to the Pennsylvania Market. I am providing a link to the story but here is the concept in a nutshell. After the horrible happenings of 911, there was talk of 'backing up' the financial centers located in NYC as to yield any economic fall out that may spread if another terroistic attack were to befall us. Essentially, this would help ensure that God forbid anything happen once again, we would have a level of insurance to relieve us of an across the board collapse of our economy. I think it is a wise move indeed and wonder how this may stir up the real estate market here in Pennsylvania. A market which has seen extraordinary growth in real estate appreciation here in Eastern Pennsylvania. Here is the link:
http://www.phillyburbs.com/pb-dyn/news/103-10082006-724065.html
Let me know your thoughts......
