Buy land, they stopped making it. Words of advice that makes total sense. But in today's day and age, how true is that really? I mean it's not like every acre of land has been developed. Down in Phoenix, it seems like the area is just constantly expanding into the desert, the only lack of supply of buildable land is the lack of plumbing, sewer, roads, and a/c. Thanks to technological improvements, is land really at that limited of a supply? Surely in larger cities, location is key, and a good downtown location should always be a good piece of property. But right now there is still ample land that could potentially be built upon.
But that isn't stopping these guys. That's right floating condos. The World at ResidenSea (cute name) opened it's doors in 2001, and now that it's sold its units, they're attracting some competition.
But of course, it can't just be the same idea, it must be bigger and better. And is it ever. Check out The Freedom Ship.
I heard they were going to name it The French Ship, but changed the name in 2002...
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