09-27-2011, 08:31 AM
Any price can be put on a property, but the real market value can only be determined by the sold price. From what I have read on the board, people write about property for sale from time to time, but I don't recall mention of any being sold. If someone had 1 M$ US, why would they tie it up in a struggling industry, with no shortage of competition, and such high operating cost. The electricity cost alone is staggering. And what I always would want to understand is why a property is for sale, someone may have a good reason to sell a viable business, or it may be the business just is not profitable. Many of us on the board would love to have something-something going on in Jamaica, but need to have "eyes wide open"