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Real Estate Doldrums on Gulf Coast Beaches

By JAMES C. McKINLEY Jr.

GULF SHORES, Ala. — Nick Wilmott bent down on the beach near the high-tide mark and touched one of the reddish-brown pads of oil. It had washed up overnight from the BP spill off Louisiana and had yet to be cleaned up by the machines that sweep the beaches here every night.

“Here’s your problem,” said Mr. Wilmott, president of the Baldwin County Association of Realtors. “Imagine we’re on the balcony of a condo that I’m trying to sell you, and you look out and see this.”

Source: 
The New York Times, US, July 19, 2010

Read more: http://moreparks.org/content/real-estate-doldrums-gulf-coast-beaches