St. Maarten Private Eye

Do you really think highly about my post? I'm honored!

I'm too far from SXM, and spend waaayyyy too little time there to know all the details (like import and tax regs.) But I don't see why the general trend of real estate boom/bust cycle will be any different in the Dutch SXM than in S. Florida. As far as the SXM monstrosities (a.k.a. new luxury condo developments) - if they've "broken ground", then it's too late to go back. They, in all likelihood, will be built. God forbid they stop construction half way - then SXM will also have a high-rise version of the mullet bay resort....

And the talk about converting condos into timeshares? So if I'm a resident, I might have 52 different neighbors in each adjacent unit? That's what they call a "luxury" development? Who'd buy in a place like that?
Timeshares, if you ask me, is not a way out of real estate bust. I guess it's the only way they can generate some cash (as in right now!) to make interest payments to the banks. Timeshares (ie stuff that i don't own) do not appeal to me at all....
BUT if Westin decides to give some of those condos away free of charge, i might consider taking one!