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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (46000)	1/30/2009 1:01:49 AM
From: elmatador	Respond to of 217774

most big Caribbean tourism projects have been planned around second (or third) homes for babyboomers. Grand designs show a sprawl of houses and apartments arrayed around a small but pricey hotel, a golf course and marina, and perhaps a casino. Most of the development is financed by sales of unbuilt real estate, much of it as timeshares. Plunging housing markets and the credit crunch have put paid to all that. There are other sources of woe. Trinidad’s ten-year energy boom has suffered a jolt from falling oil and gas prices. Smaller islands which prospered from offshore finance worry about tighter international controls. And remittances from workers abroad have fallen. I think we will get quite a few sugar cane fields for ethanol on those places...