A lot of older homes are on the market, and are not moving because people are not interested in fix-ups. |
I think it's a confluence of events. As you know, property values went absolutely crazy after 9-11. |
There are so many good restaurants now that it leaves an economic opportunity. When everything goes upscale, you also need a layer of family dining, lower-scale ... This is an upward cycle, where up until three years ago it was a downward cycle in a big way. |
Whatever one may think of them, both of the major foundations - the Catskill Mountain Foundation and the Hunter Foundation - are tackling a real need. Something to do, the Catskill Mountain Foundation, in the bluntest terms, and something to look at - that's the Hunter Foundation. |