MRWOOHOO

I agree there is money still being made with the $150K or less in a good neighborhood. There are some things to think about, all of the pre-construction expensive stuff is getting finished and they are going to have a hard time selling because of the credit crunch. The only logical step will be to rent and that could cause a flood of high-end rentals that could cut into the lower end market. As an example (I dont have the article) I have heard in Miami there are condo's that would originally rent for $10K a month are now accepting $2500-$3K per month just to get something. If condo's that would normally get $4K per month now accepts $1500, ooooopppsssss!!! Things have just gotten cheaper. Only time will tell if Panama is overbuilt. I really do enjoy the city and the skyline is attractive.