Real estate opportunities

Barbadians seem to be waking up to the fact that there is still money to be made from investing in real estate. This is evident in the strong interest in the Palm Beach condominium development on the south coast which has a waiting list of about 150 people, none of them foreign. Sales agent for the locally owned investment, Sarah Inniss, says the upscale condominiums are selling themselves. The fifty-nine, two-and-three bedroom-apartments range in price between $1.4 million and two million dollars. Chairman of Palm Beach Development, Nick Parravicino, says they're investing $80 million dollars in the project which should be completed within twenty-four months. He says it will provide jobs both during and after construction.Source:

Well, this depends on who you refer to as a 'bajan'. At $1.4 Million a pop, I bet those bajans got names like Stanley, Luke, Jasper, Mary-Kate and Paige, does party at Harbour Lights and play golf on weekends. What bajans what... all this mean is that the rich are going to get richer, and de poor man gotta depend on $60,000 houses where a fat woman can't even turn around in she kitchen. What shoulda happen is a bunch of poor bajans come together and put up some money to buy one of 2 of these houses, and split the profits when they sell it again or lease it out. But we aint got that kinda sense. You hear dem names.. Nick... Sarah... When I see names like Kevin Forde, Jason Blackette or Keisha Clarke, i gine accept that it is a true Bajan thing. Just now the poor people will be forced to move up into St. Andrew, and the coasts gine be riddle with the rich folk, wid a big fat electrically charged gate running from Silver Sands to St. Peter, with guard dogs trained to attack anybody earning less than $10,000 a month. But some bajans who could do a little better for themselves got FCIB holding dem money fuh dem, who in turn invest it and make thousands of dollars off it, and then give you a few pennies in interest, which they take back by charging ridiculous banking fees. Imagine one time FCIB charged me a fee for some banking activity. The charge put my account into OVERDRAFT, and then they gine look at me and CHARGE me again, for the fact that my account was now in overdraft. Err.. YOU is who put in in overdraft! That's like the you buying a Cellphone Card for $10, then C&W allow you to use $20 worth of calls, and then send you a bill saying you went over your limit, so now you gotta pay $50 in over the limit fees.

I saw in the news that INVESTMENT should become a major part of the bajan education... NOBODY gets rich working the 9-5 man. Even drug dealers invest in the drugs, and get out licking... so stop telling bajans to go and pick cotton, and let dem invest where the big money is, in the stock market!

*After reading this post, 89 bajans will take my advice about investing. They will invest in the number 3 horse at the Garrison Savannah and loss every cent. The owner of the Turf Club will then have enough money to buy 2 more properties on the West Coast... :)