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Scott are you telling me CR real estate would be what it is today without the influence of American Boomers? Now ask yourself that about the Argentinians, British, Canadians, ___________________ (insert country of choice).
If American’s do not continue to seek CR for second home/recreational property investment/purchase, at the pace they were over the past 15 years (the status quo), I believe overall demand will fall, thus negatively affecting prices…in the near term…some market segments more severely than others.
I understand that there is not a glut of unsold spec inventory. However, with countless projects having been cancelled or postponed…is this not a clear message with regards to what is happening to demand?
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