Have you ever watched a show about Deadwood or the Klondike and wished that
you had been a part of a massive real estate boom? Have you considered the profits
that could have been made and the dividends paid in real estate investments
in a location that promised to attract tens of thousands of people over the
course of a few decades? There are not a lot of places like that around anymore;
whether you own Poughkeepsie NY homes or land in Texas, most of the skyrocketing
real estate opportunities have passed.
However, the city of Shreveport in Louisiana just might be the home seller
and property investor's last chance at taking advantage of a real estate
boom. We are not talking about speculating on certain properties as you might
do with London Ontario condominiums, either. We are talking about actual profits
realized as more and more people flock to a location because of the presence
of a precious resource.
In the case of Shreveport, that resource is natural gas. The Haynesville Shale
formation has long been known to contain large amounts of natural gas. Until
recently, however, that gas was risky for companies to harvest. Recent technological
developments have rendered the harvesting of shale gas much easier, and Shreveport
stands to gain the most.
Already, several companies are setting up operations on the Haynesville Shale.
The benefits to home and land owners in Shreveport are incredible and vast.
Let's take a look at a few of them.
First of all, the mining companies are paying premium prices for rights to
drill on private Shreveport property. We are talking up to $25,000 per acre
here; those are prices straight out of the Texas oil boom era. Homeowners can
draw up entirely new house plans based on that kind of cash!
The growth of the mining sector in Shreveport means that not only will mining
companies offering high paying jobs move into the area, many spin off businesses
will also move in or be created. This means more residents attracted to the
city, looking for homes to live in as their children grow from toddlers in cloth
diapers to University graduates. The more people, the higher prices that pieces
of real estate in the area will afford.
If you already live in the Shreveport area, you have probably seen the effects
of the new mining boom on the value of your land. Hopefully you are one of the
households that have received the immediate money from the mining companies,
money which only serves to increase the overall value of your land.
That land value is only going to go up over the next few years, as harvesting
operations intensify and more companies and residents move into the area. You
might want to wait a few years before packing up your aquarium gravel and selling
your real estate, because your property is almost guaranteed to skyrocket in
value!
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