Re: Kajun, *PC Property
There is an article in the paper today about some developers that bought a tract of land on the beach to develop condos. They paid 17 million. sat on it for 3 months and sold it for 40 mill. that is some serious flipping. Most of the building is on the beach and between us and destin. the house next to me is for sale. it was bought in 04 for 175000. they are asking 320000. a year ago it would have gone in 2 or 3 weeks. it has been on the market now for 3 months.
this market is just like surfing, this swell has broke, gotta wait for the next one.
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