Sunday, December 7, 2008

Go north, young man. Go north.

Business opportunities in North Korea may be ending, but if you're looking for economic possibilities, the New York Times reports, North Dakota may be a good place to start.
As the rest of the nation sinks into a 12th grim month of recession, this state, at least up until now, has been quietly reveling in a picture so different that it might well be on another planet.

The number of new cars sold statewide was 27 percent higher this year than last, state records through November showed. North Dakota’s foreclosure rate was minuscule, among the lowest in the country. Many homes have still been gaining modestly in value, and, here in Fargo, construction workers can be found on any given day hammering away on a new downtown condominium complex, complete with a $540,000 penthouse (still unsold, but with a steady stream of lookers).
The downside? You have to live in North Dakota.

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