Re: Panama City named on cnnfn.com as #1 place to buy real estate now
Shelly: Where did you get your per capita income figures from?
Per capita income for 2006: $31,000 <tick, tick, tick>
Per capita income for 2011: $40,200 <tick, tick, tick>
Percentage increase over 5 years <calc>... roughly 30%
OR...<tick, tick, calc> a yearly increase of 6%
Does anyone see a problem with this?
Does anyone see a problem with folks who are making $40,200 affording to buy a home costing $383,00?
Neither did the folks that Janet sold overpriced condos to in 2005. What was her sale pitch back then??
(Janet Roan, a Century 21 agent in Panama City, notes that two-bedroom beachfront condos are going for as little as $330,000 - down by more than $100,000 from 2005.)
People who write this tripe need to go out and get a real job...or go back to school and retake Economics 101. And people who invest based on these articles need to have their checkbooks and sharp objects removed from their homes.
Shelly: Where did you get your per capita income figures from?