“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
The Patron Saint of Foreclosures?
Here is a real estate company that is just off new lows - lower than the 2009 panic levels. We have seen some of their properties in the Florida Panhandle, and they are impressive. The communities are located well away from the strip malls and cheap tourist shops of Panama City Beach, and are surrounded by native wooded areas and dunes. Watercolor is nicely secluded on a white sand Gulf of Mexico beach. That part of Florida can get quite cold for days at a time from November through February, however.