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Secret to improving the housing market....Pirates!!!

By
Real Estate Agent with Americom Realty

Just came across this headline in the New York Times

Pirate Cash Suspected Cause of Kenya Property Boom

"NAIROBI, Kenya (AP) -- Property prices in Nairobi are soaring, and Somali pirates are getting the blame.

The hike in real estate prices in the Kenyan capital has prompted a public outcry and a government investigation this month into property owned by foreigners. The investigation follows allegations that millions of dollars in ransom money paid to Somali pirates are being invested in Kenya, Somalia's southern neighbor and East Africa's largest economy.

Even as housing prices have dropped sharply in the United States, prices in Nairobi have seen two- and three-fold increases the last half decade."

Does anyone have ideas on how to target market Pirates?

Do they use social media?

Posted by

Ethan Hutten has been a licensed REALTOR in Warner Robins, Georgia for over 14 years and is currently an Associate Broker for Americom Realty. He is known throughout Warner Robins, Macon, Perry, Kathleen and the surrounding area for his work with first-time buyers, as well as, seasoned investors.

Ethan started his real estate career working with investors and flipping homes. Within his first year, he became highly sought after by both local and international investors searching for the perfect property. Ethan takes pride in showing investors, and REALTORSĀ® how they can make money on residential, multi-family and commercial properties.Ā 

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Thanks for the smile!     Doesn't everyone use social media, now????

Jan 03, 2010 04:04 AM
Sara Woolford & Steve Golson, ALHS
iTexas Realty Co. - San Antonio, TX

Ahoy there, Ethan!

Periodically, we see piracy in our market, but i have no idea who represents them nor how they search for properties!

Have a great New Year!

--  Sara in San Antonio

Jan 03, 2010 04:06 AM
John Pusa
Glendale, CA

Hi Ethan,

Thanks for a funny article. Happy New Year!

Jan 03, 2010 04:07 AM
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

HI Ethan, I just finished reading your article on Red State, my morning reading. Glad you are here, I Googled you and found your Activerain profile.

I subscribed to your blog so hope to hear more from you.

Jan 04, 2010 09:42 PM