Quote:
Originally Posted by graciegirl
We will see what it sells for.
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Well, it's not over until the Fat Lady sings as the saying goes. In the early 1990s I worked for a Japanese company and heard stories of how wealthy Japanese were chauffeured around Hawaii in limousines, stopping at peoples houses, and offering them exorbitant sums of cash on the spot for their properties. Of course we know how it eventually ended, badly.
COLUMN ONE : Japanese Investors Say '''Aloha''' : Their Hawaiian real estate buying boom has gone bust. As they retreat, the shell-shocked state hopes to attract other Asian suitors and U.S. bargain hunters. - Los Angeles Times
The real estate boom is extensive, in part due to mass migration from crime ridden high tax metropolitan areas suffering multiple problems such as poor schools, deteriorating infrastructure, corruption and so on. At present Boise and other Idaho real estate is off the rails. I know, I know, I know, "The Villages is different." and it is. It will grow until the wave of retiring Baby Boomer ebbs. When members of the Baby Bust generation retire things will be different although I will not be around to see it.