From Kitco:
Mining Ghost Town Real Estate Bubble?
It seems an unlikely housing market could be forming as old, abandoned mining ghost towns have been getting some attention.
Why buy a single home when you could buy your own town?
Arizona's Gold Field Ghost Town
Reports last Friday showcased a 50-acre abandoned town in Canada’s West Coast is on the market for C$995,000. Bradian, British Columbia, a former gold mining town that peaked in the 1930s, is not turn key ready, but the current owners looking to sell put some work into it.
“There’s so much work that has to be done,” John Lovelace said to CTVNews.ca last week. “The good part about it, is the bad part. It’s all there left undisturbed in its natural state and it’s that way because it’s not on the beaten path.”
Not to your liking? Well, British Columbia has over 160 ghost towns scattered across the province in some form of abandonment or disrepair.
Arizona's Gold Field Ghost Town
In mid-February, an abandoned gold mining town in Seneca, California was going on Craigslist for US$240,000, so there seems to be some kind of market for these relics of the past.
It’s not unusual to find repurposed ghost mining towns. One of the most famous ghost towns would be Tombstone, Arizona, where Wyatt Earp made his bones after leaving Dodge City....MORE
