Friday, March 27, 2009

Construction is nearly at a stop

Costa Rica is always looking to build more homes and hotels, especially expensive ones. However, the real estate agencies are without any work during this economic crisis.

"The frenzied pace of construction and real estate sales of recent years has been nearly stopped in its tracks by the financial troubles in the United States," said Leland Baxter-Neal, a Tico Times journalist.





Walker said, “It's the sunset – the year-round sunsets right here.”
Sales Director Thomas Walker is currently trying to work on a project in Punta Bocana. He is building four story condo's that will end up costing between $1.6 million and $3 million.
Thomas Walker says that his construction has pretty much stopped because there is no one able to purchase homes right now, especially expensive homes like his.
It is said that the real estate market will not jump back into place until 2010.

2 comments:

  1. Hi Abby,

    I appreciate you referencing my article, but I believe you have misrepresented the story and particularly Mr. Walker. While construction has slowed down a lot, many who I talked to said there are still some buyers, just very few. And a good handful of large scale projects are still going forward.

    Mr Walker, talking about the luxury homes he is marketing, specifically said:

    Walker, standing above the Punta Bocana project – which, in addition to eight villas going for as much as $5 million and 56 luxury condos, plans for a 150-slip, inland marina, a 150-room hotel and a smaller 75-room boutique hotel – is confident. He has made two sales this year, each for more than $1 million.

    “I have a very unique product, and there's a group that will always have money for that.”

    If you readers are interested in the reading the full text of my story, they can see it at: http://www.ticotimes.net/topstoryarchive/2009_03/032709.htm

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  2. Dear lelandcedar,
    While it was nice of you to critique our young blogger on proper summarization etiquette I believe you may have failed in accomplishing anything remarkable. First off, it is very clear that there was no intent to misrepresent or misidentify certain issues in a malicious or seditious way, therefore your rebuke may have better served as an educational quip which may have provided a more constructive and lasting impression. It pains me to imagine you have such vast reserves of free time that you scour the internet for college student typos. I would have thought that the age old adage "no media is bad media," would have factored in somewhere.
    Secondly, your comment is simply not well written. Misuse of who vs. whom, a poor quotation, and sentence fragments led by conjunctions are just a smattering of faux pas that pained my eyes to encounter. Hopefully we can write most of this embarrassment off as pre-lunch hunger delusions and move forward amicably. I would also like to make clear that I am in no way affiliated with the student whose work you degraded, simply an unfortunate casual reader who felt the need to defend an obviously innocent mishap. I would hope that, given the unlikely future opportunity, you will act in a more constructive and educational manner, rather than simply coming off as a bloody tosser. That is all.

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