The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bentway who wrote (34897)	7/5/2005 11:19:38 PM
From: Jim McMannis	Read Replies (2) of 306849

RE:"I thought those things just knock down the double-wides so that high rise condos can be built." That IS happening here. Just gave notice to one park that everyone to was to get out in 3 months and they gave the people 6k each. Guess what, they are going to build condos. As for hurricanes and trailers. Yep. They are vulnerable but the great equalizer will be the insurance rates that will do the job of taxies in becoming a limiting factor on moving to the coasts of the atlantic and gulf of mexico. Years ago, people that came to Florida knew enough to not build in harms way. Now a Days they will stick them anywhere and expect FEMA to pick up the tab.

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