Huge problem. Most resort areas go begging for help.SHELLY said:Bob wrote: >I think you might see how international buyers may just be the next wave. In today's headlines, Chinese firm bids for UNOCAL oil. There's so much capital out there. Most foreign buyers bring cash!<
The European economy is in the ditch, the Austrialian economy is in the ditch, the American economy is heading for the ditch---that essentially leaves the Chinese to buy up the Panhandle properties. Just means we're going to have to get a helluvalot more American All-You-Can-Eat Buffets in the area--problem is, with the housing prices promising double digit increases every quarter, where are the $6.15 per hour workers going to live?
Just another "conundrum" to figure out.