Replies to post #17744 on Phoenix Associates Land Syndicate (fka PBLSQ)

[rldurbin]

You bring up a point about PBLS's latest acquisition. Anywhere else in the country I ould have great misgivings about being involved in anything real estate. Longer term, two years out, unless this firm's skills can be transferred into other uses, this firm's usefulness will be tapering out. All in all, without more information, I was less than enthused about PBLS's acquisition of this firm.

[gnulnx]

You are right. NO is special. The fact that it lost half it's residence and the fact that Baton Rouge real estate went wild are exactly WHY NO is THE PLACE to be buying real estate. In a sense NO real estate already had it's correction. People WILL move back to the city and payday will come for those with the balls to buy, build and sell real estate now.

Also you are right about Florida. My mom sells real estate in the Fort Meyers area...it is so bad that they are likely moving to Costa Rica....basically Florida real estate is dead.