We contemplated buying an ocean front lot about a year ago. It was unbelievably beautiful. I think the lot was about 250k at the time. It was going to cost about $90 a square foot to build (if I remember properly). We decided not to do it as we felt that that the price explosion was directly related the CA bubble. When it collapses here, it will collapse there. You know when there are property investment tours with busloads of Americans that there is a craze going on.
Now is a BAAAAAD time to buy. The prices sure are cheap compared to here but they are much more expensive than they used to be. They are going back down.
