What on earth is Keith Anthony, a one-time builder of custom homes in Anne Arundel County, doing in Poland?
The answer is not only interesting but shows that America's deep recession provides great opportunities to those who are imaginative.
When the bottom fell out of the upscale new-homes market, Mr. Anthony closed his Stevensville business and decided that money could be made in post-communist Poland. He is now turning out factory-built homes from a warehouse on Maryland's Eastern Shore and shipping them to Poland. Business is booming.
Although Poland is struggling with great economic problems, enough people are becoming affluent that there is a growing demand for upscale homes. Yet very few such homes are available. For that reason, newly well-to-do Poles are grabbing kits of three-bedroom town houses. In Maryland, those kits would sell for just under $30,000. In Poland, they cost twice as much. But because they come with American refrigerators and stoves as well as carpeting, insulation, cabinets and closets, these homes are bargains for those who can afford them. "The next 20 years I think will be a booming business," says Mr. Anthony, who is currently on a business trip in Poland.