Wednesday, March 18, 2009
Island Recession
OK, so I made light of my vacation and said I would check on the commercial real estate on Kauai... but I really did. When the helicopter shuttle driver was a real estate agent, who had to get a "real" job, I decided it was something that needed doing. So, the long and short of it. It's not good. Vacancies looked to be about 40% for retail. There is a for sale sign every 10 feet in some neighborhoods. The first thing people let go of? Vacations and Vacation homes. So if you do have money to spend, now's the time... hmmm seems like I've said that before...
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