Free Republic 3rd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $19,861
24%  
Woo hoo!! And we're now over 24%!! Thank you all very much!! God bless.

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  • The Big Glut: Trouble in Paradise

    05/29/2006 11:31:33 AM PDT · by ex-Texan · 27 replies · 1,460+ views
    Barron's ^ | 5/29/2006 | Robin Goldwyn Blumenthal
    IT WOULD SEEM TO HAVE IT ALL: four bedrooms, a guest house, a pool and a rock waterfall. But the vacation home in Naples, Fla., hasn't been drawing much interest from buyers, so the seller recently threw in that most modern of amenities: the $1 million price cut. That's brought the asking price down a full 25%. "If you want to sell, you've got to go back to '04 prices," says Chip Harris of Coldwell Banker Previews International, which is handling the property. * * * After a long string of double-digit annual price increases, a number of second-home meccas...