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Credit Crunch
Anonymous (not verified) | Mon, 2008-03-03 20:05

You're right Eric, 100%

I am not sure how Cupecoy Yacht Club will do, that project at least is moving, the rest is dead quiet,
how is Caravanserai doing?

The new Pelican Hotel recently finished looks ok, and they are moving forward,
because that corporation is huge, the other ones on the island, are all one man shows.
That man Carchidi destroyed Pelican Key, with those awful villas,
ruined, Barbaron has no sales, you don't even have to look in their books, if they would have sales, you would see construction workers moving around there.

I can imagine the hundreds of real estate agents on SXM should be looking for another job, but what can they do, most of them are in real estate because they don't know anything else, it's the same as in the U.S.
people with no real craftsmanship go into real estate,

This crisis is actually a great correction tool, a vacuum cleaner, it is cleaning out the low lifes, the dummies and the wannebees from the real deal.

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