From the St. Petersburg Times, we have Kris Hundley writing about When a home alone won't do.
Prospective new home buyers are learning they don't have to settle for low-dough incentives like granite countertops.
Now available in the Tampa Bay area: college tuition with a new home purchase and a condo-cum-yacht deal.
"I've never seen incentives like this," said Carlos A. Fuentes, president of the Greater Tampa Association of Realtors, who has been in the business for 20 years.
No, you haven't because they're fuckin' stoopid!
College tuition? Condo-cum-yacht?
This is totally crazy!
Firstly, this tells you that the stuff is overpriced.
Secondly, this raises the "double coincidence of wants" problem which lowers the number of potential buyers because you have to find a greater fool who wants both a condo and a yacht.
Lastly, this is telling you that the developers are desperate so that means prices will be dropping a lot.
I hope we haven't all forgotten the pearls of wisdom from Motoko Rich of the New York Times, "South Florida is working off of a totally new economic model than any of us have ever experienced in the past."
Florida is totally and utterly fucked! Remember, you heard it here first.
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