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CWFG Announces stock buy back
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[QUOTE]Originally posted by eddy: [QB] [QUOTE]Originally posted by WarpedMind: [qb] Guys, all I can say is this... As a long time resident of central Florida and one who's done my share of real estate shopping... just about any deal right now is a good deal. The farther you get from the large metro areas, the cheaper the land... but it's crazy here... it get harder and harder to find something that doesn't go for a premium. And it really depends on what "north central florida" is to CWFG... I'm guessing that they've bought land in the Ocala area. If that's the case, there is money to be made out there, but not nearly as much as if they're building anywhere closer to Orlando, such as Sanford. If anyone finds out, let me know and I'll give you a better idea of how good that investment is. My bro used to live in Jupiter... which is about 5 or 10 miles from where CWFG's current project in W. Palm Beach is. I'm telling you... the cost for real estate there is sky rocketing. That area is one of the wealthiest in Florida, and supposedly in the US. And, since I live in central Florida, I know first hand... I'm guessing that my house has gone up in value probably close to $200k just in the year I've lived here. Now, that's not representative of EVERY piece of land out there... but it does show the kind of markup you pay to live in a sunny place... after all, even though we have an unseasonably cold and early winter this year, most of you are shoveling snow when I walk outside in my shorts, tanktop, and barefoot to check the mail. Another thing... it's not just location, location, location. Seems like these guys are focusing on condos. Folks, down here, for some reason, condos are BIG. I can't figure out what the attraction is, but people are paying big money for high-rise condos... the same money or more than if they could buy a house with land. Well, I guess it's out of necessity too... because many developers are building mostly condos because you can make so much more money per square foot... so for the new resident, I guess you don't have much choice. But I'll say this... most condos are just about reserved out by the time they start building... and many don't take long to sell out. (Especially downtown Orlando) Just some things to consider. While there is no guarantee that CWFG will succeed... I'd rather invest in someone who is in the real estate biz in Florida than in, say Michigan or Wisconsin. (No offense to you guys intended) Really, I don't see how you can go wrong here. I'm not pumping. Yes, I do own shares... but I just wanted to give you kind of a bird's eye view of what kind of investment you're getting into when you get into Florida real estate and development. I only hope that these guys know what they're doing and that they are ethical in what they do to our stock. That's the key that will make or break this. [/qb][/QUOTE]thanks, great post!!!!!!!! [/QB][/QUOTE]
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