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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: MoneyPenny who wrote (26301)3/25/2005 8:05:45 AM
From: JakeStraw  Respond to of 116555
I go down to Sanibel Island like 4 times a year and am still amazed by all the building in the Ft. Myers area. I honestly don't see it slowing down anytime soon...

To: MoneyPenny who wrote (26301)3/25/2005 10:19:15 AM
From: MulhollandDrive  Respond to of 116555
Highrise condo development in the backward Fort Myers is selling out pre-development with about 90% investors/10% actual buyers. I think this is a recipe for disaster and perhaps an opportunity for me to buy a nice penthouse in a few years.

i think you are right, MP

and important to position oneself to take advantage of the will be king

To: MoneyPenny who wrote (26301)3/25/2005 10:37:20 AM
From: Jim McMannis  Read Replies (1) | Respond to of 116555
Clinton/Congress provided the conduit to FL and other retirement states. Throw in low rates and the rout of FL is on. Everyone is grinning until bumper to bumper traffic and no water gives them a wake up call...but it's too late.

To: MoneyPenny who wrote (26301)3/25/2005 12:18:13 PM
From: shades  Read Replies (1) | Respond to of 116555
I am in the clearwater area, the growth is astaounding, one guy I talked to was selling his tiny 1200sq ft cottage in clearwater beach for 500K+ he was going to move to costa rica and buy a mansion and hire servants.

On one of the radio shows this week they talked to one of don trumps real estate buddies, he said that when the DON was about to go into bankruptcy, he went to the banks and said if you want my properties FINE, I will take my name off of them, and no one will come to the taj mahal if it is not called the TRUMP taj mahal, so they restructured all his debt and redid his payments. My mom has a west palm beach house but moved away because of traffic and water problems and rents that place now, sand was coming through the pipes when you turned on the spigot - everyone says hold cash and hang on for the great deals in a few years, but if cash is gonna crash too - is that wise?

To: MoneyPenny who wrote (26301)3/25/2005 12:23:54 PM
From: mishedlo  Respond to of 116555
I have never seen anything like it in my long career (37 years).

Isn't that to be expected?
After all....
"It's a whole new paradigm" ggg


To: MoneyPenny who wrote (26301)3/25/2005 12:34:42 PM
From: RodgerRafter  Read Replies (1) | Respond to of 116555
as baby boomers move to Florida ... at 90% off todays prices, after the whole thing collapses.