Flipping Grand Bahama

This week in Grand Bahama we saw the opening of a new insurance company for which the Prime Minister and others were present. Of note the Prime Minister Perry Christie said that it is important for officials to be positive about everything in their country as he chided the Deputy Leader of the Opposition Free National Movement Peter Turnquest who said the people of Grand Bahama needed to know about the state of this island with the upcoming changes set for the Hawksbill Creek Agreement. Mr. Christie stated that he has a few persons already working on the best way to settle the matter of the tax concessions that will be coming to an end as of August 2015 which at present could have some devastating results. He said that the government will have an answer in time to report back to the country that will be in the best interest of all. He noted that he has been criticized for being so optimistic in his mid year budget speech recently, but he said he has to be optimistic about the f

Some time ago I learned that the true indicators of a turn around and stability of economy include the state of real estate and construction. In Grand Bahama this indicator has told many a tale of building and recession and building and recession. At present along with most of the rest of the world the situation is sluggish but according to what is going on in the real estate business there is a bit of movement. The movement is not huge nor is it with new built homes. Most of it has been with the repossessed homes in this buyers market. This means persons are able to purchase homes at quite a reduced rate. What I have found though is that a lot of people to cut out the bank and try to get homes that are available on rent to own terms. This is a great idea if they could find these homes but past stories have made this option rather slim to nil. But more persons are again owning homes or struggling with the banks to get their own homes back on the payment tracks. There are mo