Tuesday, March 13, 2007

A Sign of Things to Come in Hawaii Real Estate?

Check out this article about a melee that occured in Incheon, Korea when a new office/apartment building opened up.

About 7,000 people showed up for just 123 units. A lot of them had camped out overnight to maximize their chances. When the mob became too huge for the developer to handle, they cancelled the selling for that day and said that the units would only be available for purchase online. That led to a bunch of fistfights, police intervention, and even to people setting fires at the neighboring park! Wow, that's some hot tempered Koreans! Or is that just being repetitive? LOL

With the local real estate market being as hot it is here and with people here also going to great lengths to get good deals, especially with all of these new condos being erected recently, hope we don't see this kind of scene here as well!

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