Re: [Paddlewise] BP & oil rig

On Sun, May 9, 2010 at 10:03 AM, Bradford R. Crain <crainb_at_pdx.edu> wrote:

> My realtor tells me that many of those areas along the Gulf
> are already economically depressed. The oil spill may be the death knell.
> I had planned to find an area that offered beaches, fishing, kayaking,
> crabbing, oyster beds, and all the activities I enjoyed while growing up in
> Florida. Now I may simply keep working until I keel over.
>

I'm no real estate expert but it seems to me that it's in a period of
depressed property values that you want to buy real estate. If I were
looking to retire to that area I think I'd try to figure out where there
might be places less impacted by the spill and buy there; assuming all the
other factors were either in place or could be reached. I've always (well
almost always) done well buying a place I liked for living rather than as an
"investment". Most of the time they turned out to be a good investment too.

One big plus is that the crude oil is not especially toxic (according to
recent reports) and is relatively light so the impact may not be as severe
as you fear.

Of course, hurricanes are expected to be more severe and numerous. But they
could be wrong. Maybe there is no place that is absolutely safe.


Craig Jungers
Moses Lake, WA
www.nwkayaking.net
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