From Atlanta INtown:

By Sam Massell

Although I’ve only lived in Buckhead 57 years, I think it’s safe to say I have a pretty good handle on its condition. During this time, I’ve witnessed more than one real estate cycle. In this annual talk last year, I said “a luxury market like Buckhead would be the last to feel the economic downtrend, but would be the first to recover”. Well, we are in that mode.

We have recently seen some retailers go out of business, and some mortgages foreclosed. Unfortunately, we will see some more of this. However, we are also seeing signs of progress, and we will see more of this.

Our city of Atlanta has its mythical phoenix—the bird that rises from the ashes to fly again—well, we have the buck which is synonymous with money!

Buckhead is undeniably the address of choice for anyone who wants to live, visit, work or play in this state . . . or should I say the Southeastern states? When you look at the sustainability of the amenities we offer, who else can compete?

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