Don't Look Ethel! Nudist Property Market In Better Shape Than The Rest

So what does it take to keep property values from falling?  I wonder if the government will get desperate enough to try this:  [Hat tip John!]

Aug. 29 (Bloomberg) — The U.S. naturist property market has survived the global recession because the majority of house- buyers in unclothed communities are older and don’t need mortgages, the Financial Times reported.

Naturism has grown to a $450 million industry from $400 million five years ago, primarily because of real estate values, the newspaper said, citing a spokeswoman for the American Association for Nude Recreation.

House prices in naturist communities haven’t dropped as much as those in the general market, the FT said, citing Marc Seligman, who manages a naturist real estate Web site.
 

Since John sent me the link with the comment Don’t Look Ethyl!  I couldn’t resist adding this:

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1 Comment for this entry

  1. MikeC says:
    August 30, 2009 at 10:30 PM

    Seeing as how myopic the pro-real-estate powers that be are…. this news will of course mean that in the latest attempt to stop prpoerty prices from declining, the entire U.S. will be legally declared a naturist community. Problem solved! ;p

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