Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (46520)	12/4/2005 12:49:52 AM
From: Broken_Clock	Respond to of 110194

Ramsey, The Kona market(especially the super high end at the resorts) pretty much lead the Hawaii rebound. One project at Mauna Lani consisting of large townhome condos was selling like a raging brush fire for 2+ years. The last 10 units have sat vacant and unbought($2,400k asking!)for a year now. Yet.....There are close to 1,000 new high end lots and condos(entry level lot $1,500k & entry level condos start at $3,500k) under construction. This does not take into account the "moderate" new inventory priced in the $800k to $1,500k range). I have concluded the developers are: 1. Legally blind, deaf, and dumb, or 2. using OPM and just don't care, or 3. Have an inside track to Bernanke and he has told them rates will be 2% next year.