Tuesday, March 31, 2009
When we made the great boat trip last week, we could not but notice all the many lots platted along the Intracoastal. Big ole expensive palm trees stand lonely against the sky when you look in from the water. There are about a brazillion lots platted along here, and they look blessedly unsold. By chance, I fell into a conversation with a woman who peddles real estate down here. She told me that not even the cheaper lots are moving in those developments. She also told me that house deals for buyers who look rock solid, with high down payments and good credit, are often blowing up because of financing problems. We may have to wait a bit for the total devastation of our scruffy little paradise.