They ain't makin no more dirt! Really?

OK, so being a Real Estate agent, people ask me all the time why home
prices continue to go up. My pat answer is "They aren't making any
more dirt" that is to say, land values are increasing because land is
getting more and more scarce. Or is it?

So what do you do when you're one of the richest countries in the
world and you only have 25 miles of beach front property? You make
more beach front. As in HUNDREDS of miles of it. The picture
below is from Dubai. It's a man made island called "The Palm".
You'll see why in a moment. This island contains 62 miles of beach
frront property. It is one of two currently under construction. If
you go to Dubai in Google Earth and head south along their coast line,
you'll find this. If you continue on south, you'll find it's big
brother, not quite complete. AND if the Dubai government can find
enough rock and sand, they have a third, even larger island planned.


In Google Earth, if you zoom in on the first island, you can already
see luxury villas popping up along the palm fronds. Now THAT's where
I wanna sell some homes!

I saw this on Mega Builders last night on the Discovery Channel.
Pretty frickin cool how they build this. You should TiVo it if you
have a chance.

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