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Greenville, SC, has more days of sunshine than any other town in the Carolinas.  It also has the wonderful Thornblade Club and its classic Tom Fazio golf course.  The surrounding homes are not in a planned community and offer a viable, less-costly alternative to amenity-laden developments.


    I had never heard of Seasonal Affective Disorder (SAD) before I opened the Tuesday edition of my Hartford (CT) CourantThe AP story began by discussing a Wisconsin woman who said that she would "turn into a slug" during the winter.  My interest was piqued; in just the last few weeks, a Wisconsin couple had asked me to help them find a piece of property in the southeast because they were fed up with winters, and especially the snow.  I mentioned the article to my wife, and she said her late mother had SAD.  I didn't know that.
    Referred to also as winter-onset depression, SAD may affect a half million people, according to the American Academy of Family Physicians.  In the AP article, a SAD expert, Dr. Norman Rosenthal, described the symptoms this way:  "You'll start slowing down, have difficulty waking up, difficulty concentrating, you'll start craving sweets and starches."  And desperately miss playing golf, I might add.
     In any event, the best treatment for SAD, according to the Mayo Clinic's web site, is sunlight. Therefore, as a public service, I refer you to a web site that lists cities in order of most days of sunlight annually.  Click here.  Yuma, AZ, with 242 days of sunshine per year, blows away the competition.  But that still leaves 123 days when Yumans should lock away their candy.
    The sunniest city in the southeastern U.S. is Apalachicola, FL, with 128 sunny days per year.  Maybe the remaining 237 not-sunny days are necessary to help breed fabulous oysters, which Apalachicola is known for (I've had them; they are great).  Outside of Florida, Greenville, SC, is the sunniest city in the southeast, with 121 bright days.  I've been there a few times; it is a thriving city with a stable economy (BMW plant in nearby Spartanburg) and an excellent range of golf courses and communities, including the lush and expensive Cliffs Communities and the warm, welcoming Tom Fazio-designed Thornblade Club in nearby Greer.  
     If you are fed up with the winter, contact me and I will send you information about Greenville or any other golf rich area where the sun does shine.  

    I received today the following short email from a friend and former business colleague:
    "I'm having all these intense flashbacks to the mid-1990s; you know, when the Dow was 6,600 and we were totally pumped about it...."

    Or maybe, as the Beatles said, we are getting "back to where we once belonged."   I read the other day that 50% of all stock portfolio holdings are now in money market funds, in other words cash.  I also noted here recently that while many homeowners' equity has been savaged in the last three years, many millions are in homes they bought a decade or two ago, before the major run-up in prices that caused the speculative buying and the sub-prime borrowing that led us to this moment in time.  They have equity, in many cases a substantial amount.

    I am also hearing from real estate agents in a range of markets that 2008

The many people who lose faith in the stock market may just take their cash and move to a warmer climate.

was no worse for them than 2007 in terms of sales, and that the first two months of '09 have shown a slight improvement.  The President's housing stimulus program is now off the launching pad, and although it remains to be seen what effect it will have, it should relieve at least some pressure.

   Today, in a conversation with Marian Schaffer, a professional real estate broker who specializes in southern U.S. properties, we agreed that a lot more cash than meets the eye is waiting on the sidelines.  Marian, who is the principal of Marian Schaffer Realty, made an additional point about market psychology that I think is extremely relevant to the times we are in.

    "After the Enron fiasco," she said, and I am paraphrasing a bit, "many people lost some faith in the credibility of the stock market.  Now, all those people who invested in blue chip companies like General Electric may never come back to the stock market.  What are they going to do with their money?"

    She answered her own question:  "They are going to figure, what the heck, I can go buy a nice house in a warm climate, have a nice life and forget about the stock market."

    I agree, and I also repeat that when the housing market stabilizes, that giant sucking sound we hear will be millions of baby boomers heading to warmer climates.  Those on the early edge of the migratory flight will reap the best bargains.