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New Year's Thoughts for the Cayman Islands

USD to KYD Exchange Value: 0.82
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209

It has certainly been a turbulent year. It's hard to get through a conversation these days where someone doesn't comment on how the 'meltdown' has affected them personally. It primarily takes the form of tangible things like the slimming of their securities accounts and retirement funds, but often there's the unexpressed and pervasive fear of the unknown effect these circumstances will have on their future. 

The avenue of least resistance is certainly to get buried under these fears, and there certainly have been cataclysmic and life-changing events that have affected millions of people. In our microcosm of the Cayman Islands, we have noticed people's moods shift often to anger--the aggressive form that fear takes. 

I know that this seems a bit too serious for a seasons greetings email from your real estate professionals in a tropical paradise, but I think it's important to acknowledge 
the up-front-and-center feelings not buried very deeply in the holiday glitter. 

We at Coldwell Banker feel that it's our mission to be part of the solution by making sure we are completely up-to-date with market conditions, including services that affect the market - like the availability of mortgage money, the appraisal process and where to reach out to buyers. We are not budget-cutting like others by decreasing our marketing, but instead we're finding new ways to reach out to those savvy people with resources who recognize that this is a good time to buy. 

As everyone's favorite wealth guru, Warren Buffet said to shareholders, "The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer." 

We want to be ready for you when you're ready to make your real estate move, by exceeding your expectations 
with our knowledge, our service, our enthusiasm and passion for what we have to offer in the Caymans. You'll experience terrific value, better inventory than we've had in quite a long time and certainly last but not least, a true tropical paradise. 
Now, more than ever, it's important to think long-term. 

We hope all your wishes come true in the coming year. And if we can help with those, call us!


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