A whole new market ordspråk

A whole new market, people who had been looking at Florida to retire, were going to come here to escape the hurricanes. We think people are going to be buying land now because they think they're going to get it cheap and can build from scratch.

To build from scratch with the price of land (around Durango), it's a big item. And I think that kind of put people off.

This is one of the last goodies in real estate. Our typical customer is the mom and pop who maybe inherited land many years ago and want to move unproductive land into income-producing property. We also see the phenomenon of people in their 40s and 50s looking ahead to retirement and looking to sell a property to buy a home in Florida that they can rent and maybe retire to someday.

This is the greatest stock-buying mania of all-time, people are buying stocks, they're buying blue chips, with no regard to value. In this respect, it's similar to 1929. People believe that as long as you're buying, everything's fine. This is a dangerous market, you should make no mistake about that.

Saying that stocks are cheap relative to an asset class that itself is really expensive -- that's a fragile comfort. To me the risk profile of the market in some ways is even higher than back in 1999. Back then people were buying because there was tremendous enthusiasm for stocks. Now they're buying them because they're turned off by the alternatives.

Let's face it, a lot of rich people in China aren't there because of ability. They got there because of connections. For instance, in real estate, many people got rich because they knew someone in the land bureau and got land cheap.

Howard Snyder (1909-)

The third quarter corporate results are very good this time, which so far found very little reflection in stock prices. Stocks are cheap and people are buying in a calmer market to fill year-end portfolios.

If you remember, fall of 2004 spiked high for us. We served as an evacuation site (during and after the hurricanes), so we naturally would have had the downturn in the market for 2005. But, even with that, we did see the market softening in 2005. I don't think there's any one reason. But the hurricanes were on people's minds.

Danielle Courtenay

Most people just accept hurricanes as part of the price of living in Florida, along with heat, humidity, mosquitoes and alligators. Some people will certainly move away, but they will be replaced by others moving in.

People are going to take advantage of the lower interest rates to buy big ticket items like automobiles. People are buying what's cheap. The impact occurs more in the luxury spending areas.

The key for us is to ride the wave of success we had in our last game against our rival. There are a lot of positives about Florida A&M and our program. We are trying to build some relationships with some coaches and let people know that Florida A&M is here.

Certainly, if the market remains volatile, and we see enough of these Enron-like situations, where people are retiring into poverty, then we're going to see the climate shift. A lot of people were hoping to retire at 45 or 50 before the market downturn. Now, they have to work another 10 to 15 years. Those years have been taken away from them.

We can't keep them in stock. People are buying them by the handful. They are so cute and cheap.

It's not quite as easy to sell the business and head to Florida. There's a lot to it. There's a lot of people who would rather start their own than buy into another business. It's not like buying a home. It's like you're buying a career.

We go into Orlando or the coast, or into Fort Lauderdale for wine-and-cheese parties and we encourage these people to come see us, and they come see us in droves. You look at Florida, and Florida is not all Palm Beach. Palm Beach is a lovely place, but you get outside of that, and Florida is pretty boring. There is a lot of flat land, a lot of concrete, everything looks the same. To me, it's somewhat tacky.

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Det är julafton om 268 dagar!

Vad är ordspråk?
Hur funkar det?
Vanliga frågor
Om samlingen
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Krogrunda, 750:-. Ordspråk, gratis.

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