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Well, maybe I'll take a look at it. I, for one, believe that Costa Rica is a VERY profitable market right now. That is what i'm concentrating on.

Start with Bocas del Toro. It is somewhat like the Grayton Beach of Panama -- very laid back, but plenty to do in the nearby big cities. Also check out Red Frog Beach.

Good GOD, Cork! If my math is right that's $5.4 billion! :lolabove:

The market cap. of JOE is $5.3 billion. Is this money that's allocated to the panhandle or the whole state?

You got that right SC and there are 2 different groups of them. I have had contact from international buyers in the past but never on this scale. They know what's happening here. They know that people with existing properties are dropping like crazy and are better buys than new construction. They also know that construction costs are so high that the developers are having a hard time building for the same price (let alone make a profit). They also know that some developers have a boatload already invested into a development order and they can't reach their presales while interest rates are rising which will cost them even more. They also know that some developers have closed phase one with promises of amenities etc and they can't sell phase II to complete the project and there's gonna be a lot of angry people and potential litigation.

These guys know our market better than we do and that's why they have this kind of money. Each one has different criteria of what they want but one is looking for assorted packages of properties with immediate income potential or large bayfront or gulffront parcels. The other is looking to help a developer in trouble with complete confidentiality. They don't want to take their project away and they don't want somebody who isnt committed to completing their project. They want to help the developer meet their presales now and complete the project. They're very creative but they only want precons. It's clearly a buyer's market and the one's that make the most in this game are buying big time. Hope I can find what they want.

Well, maybe I'll take a look at it. I, for one, believe that Costa Rica is a VERY profitable market right now. That is what i'm concentrating on.

:roll: I can-not believe it! I go away for a few lousy days vacation...the market tanks over 200 in one day, gold craters, mortgage rates go up again and you guys are talking about speculating in land in Costa Rica....sheesh!

:roll: I can-not believe it! I go away for a few lousy days vacation...the market tanks over 200 in one day, gold craters, mortgage rates go up again and you guys are talking about speculating in land in Costa Rica....sheesh!

:floor: Hope you had fun getting out of your rut!

You got that right SC and there are 2 different groups of them. I have had contact from international buyers in the past but never on this scale. They know what's happening here.

Thanks for the info, Cork. I really appreciate the input that you and SJ provide.

Some friends with FSBO signs on their SoWal lots have had a few sharks (vultures) call lately. That?s the first action they?ve seen in months. Hopefully, things are changing for the better.

Spencer I am leaving for Costa Rica in 5 days, maybe I will check some stuff out...

Well, maybe I'll take a look at it. I, for one, believe that Costa Rica is a VERY profitable market right now. That is what i'm concentrating on.

Did that buyer spend their 150m this month?
:lolabove:

Spencer I am leaving for Costa Rica in 5 days, maybe I will check some stuff out...

IBD, would love to hear more about your trip as well as your views on the area from an [ame="http://www.sowal.com/bb/showthread.php?t=5688"]investment[/ame] perspective...