On Friday 20 July 2007 15:52, David Crooks wrote:
> Miami Condo Glut Pushes Florida's Economy to Brink of Recession

http://tinyurl.com/323ntu

Hi David!

I bought my Sarasota condo in 1991 for $27,500 furnished. I took out a reverse 
mortgage when I retired in January for $100,000. *Some* recession, more like 
inflation.

But, he is an economist, he knows everything.
>
> "A Florida recession could be averted and the state housing industry's
> ``serious problems'' solved by an influx of American retirees and
> foreign buyers, said David Denslow, a University of Florida economist in
> Gainesville.

-- 
Regards,

Pete
http://www.pete-theisen.com/


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