By Garland M. Baker
Special to A.M. Costa Rica
Today many property owners seem to be drunk on blue sky.
Blue sky is not a brand of guaro — an alcohol derived from pure sugar cane — or other intoxicating beverage, but an addiction to the recent skyrocketing real estate prices. Most are familiar with the term. It means the intangible portion of a price above what is reasonably supported by the current market.
Those with real estate training use the term to represent the difference between the price a seller puts on their property and what the market probably will bear in price.
This web site contains articles written by Garland M. Baker and Lic. Allan Garro for the A.M. Costa Rica. These articles contain important information that everyone doing business—personal and corporate—in Costa Rica ought to know. Reach them at [email protected]
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