Friday, December 16, 2005
Wanted Billionaires :
To Buy homes in the Retreat.
You have no doubt heard the one about various locals in Florida that goes something like this; " You know what's happening over in so and so dont you darling ?"
No dear, What?
"The billionaires are kicking the millionaires out"
Let's consider:
Insurance rates could double after every storm season
Special Assessments will be more frequent and in increasing amounts
House Building costs continue to rise
Interest rates are higher
The Fed and the Banks are getting tighter
Well, you see where I am heading. Recent events have only accelerated an existing trend in the US which is the decline of the middle class and the growth of the Upper Class and the growth of the underclass.
Which is another way of saying that beach front communities are becomming the playground of the seriously wealthy and the price of admission is going up darlings....
And remember, What happens when you catch up with the Joneses?
The Joneses refinance.
You have no doubt heard the one about various locals in Florida that goes something like this; " You know what's happening over in so and so dont you darling ?"
No dear, What?
"The billionaires are kicking the millionaires out"
Let's consider:
Insurance rates could double after every storm season
Special Assessments will be more frequent and in increasing amounts
House Building costs continue to rise
Interest rates are higher
The Fed and the Banks are getting tighter
Well, you see where I am heading. Recent events have only accelerated an existing trend in the US which is the decline of the middle class and the growth of the Upper Class and the growth of the underclass.
Which is another way of saying that beach front communities are becomming the playground of the seriously wealthy and the price of admission is going up darlings....
And remember, What happens when you catch up with the Joneses?
The Joneses refinance.
