Monday, March 28, 2005

Greater Fools

Citizen's Voice of the Day

""I read in the Voice today that the Key West real estate market is stagnant and prices are dropping. Is that true?"."

I've been hearing this too, the first part anyway, that the market has slowed. I don't know if selling prices are actually dropping, but asking prices could be. One still hears discussions about buying onto the bubble, mostly from visitors.

Is the "greater fool theory" about to be put to the test?

Here's another slant on the same thing:

Citizen's Voice of the Day

"What housing bubble? If it does break, you locals will be out of here in a month, because the junta will raise taxes higher and higher to support themselves."

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