The luxury housing boom is not news to Ron Olin
wife, who moved here 12 years ago from Texas.According to the new revaluations, the Olins own the highest-assessed home in Buncombe County
, a new, 15,449-square-foot French chateau style house in Biltmore Forest valued at just over $6 million.Olin, a money manager who loves the Asheville area for its scenic beauty, climate and amenities, has no problem paying his fair share of property taxes to support local government.
But one point sticks in his
"Once we're in the house, maybe it's worth that much, but we haven't even moved in yet," Olin
wife realize their home approaches a grandeur most residents will never know.
"We're building an elaborate house," he
said."It's kind of fun for us.It's a hobby with us."
notes that such homes are a boon for the local economy.
Building a mega-home like these takes years and creates dozens of good-paying jobs: "$40-an-hour trim carpenters instead of $25-an-hour carpenters," Olin
says.The Brumits' home took three years to build and required a general contractor, an architect, an interior design firm, a decorating firm and more than a dozen other sub-contractors.Olin
home will also take about three years to complete and probably 15 subcontractors.
"In the course of construction, there's probably been 100 people or more working on it," Olin