Profile picture for user2387971

Ruidoso/Alto NM outrageous prices!

If you are not from the area in question, then then you will not be able to assist me. 

Okay folks, what is with the ridiculous / outrageous prices in both the home and commercial market in these two areas?? I've done a ton of research and skiing, the track & gambling etc aren't cutting it for this area to have such high prices especially with what looks to be close to 75% up for sale and most for well over a year to pushing on a few years. Are people there really hoping that suckers don't question this? I'm in love with it there and want a home and business but I've seen better prices in Taos amazingly enough! So tell me good locals.....what's the deal?? 

It would be nice to find an offer I can't refuse but when someone is asking $1M+ for cabins that haven't been updated etc since the 60s/70s and will need close to $500K+ - $750K just to bring up to date and be competitive with other better cabin businesses, well, something just isn't right. (No I'm not being cheap, I'm being realistic.)

So please, someone explain? We really want this area but at normal, common sense prices!

Thanks for your time!
  Flag content
Report a Problem

Please enter a valid email address.

Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 15 2012 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Questions
Profile picture for RizaB
Latest answer by RizaB
9 hours ago | 1 answers
Move me to: a small lakefront community
Profile picture for Hamp Yonce
Latest answer by Hamp Yonce
1 day ago | 14 answers
general contractor/builder Ray Sobel
Profile picture for Mark Weber
Latest answer by Mark Weber
1 day ago | 1 answers
Have you seen this Scammer?
Profile picture for Charlotte Turner, ABR®, e-PRO®
Latest answer by Charlotte Turner, ABR®, e-PRO
2 days ago | 2 answers
  • Asked by Joseph Runfola
  • In Crime
  • 2 days ago
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.