Peter Goodman Revisits Cape Coral, FL

January 5, 2010 at 10:32 am  ·  Category: Business Culture and Current Events, Culture and Current Events, Real Estate

We’re not in a recession.  We’re in a depression.

– Bobby Mahan, a local real estate broker

Two years ago, Peter Goodman wrote an award winning piece on the real estate bust in Cape Coral, FL: “This Is The Sound Of A Bubble Bursting”, Peter Goodman, The New York Times, December 23, 2007.  A cut out of that artice sits on the desk in my room at my father’s house.  I pick it up and glance at it almost everytime I visit.

On Sunday, he wrote a follow up piece, revisiting Cape Coral two years later: “Real Estate in Cape Coral Is Far From a Recovery”, Peter Goodman, The New York Times, January 3, BU1.  His account of the complete mess the bust has caused in that community is astounding.  Conditions there seem almost inhuman.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 
One Response to “Peter Goodman Revisits Cape Coral, FL”
  • There is a lot more to Cape oral than foreclosed homes! Cape Coral is the largest city in Southwest Florida. We have regularly scheduled world-class festivals, community gatherings, well-kept parks, national chain restaurants, cool mom and pop storefronts. more miles of canals than Venice, and a central SWFL location just a stones throw away from all the natural and cultural splendor of Fort Myers, Sanibel, and Captiva Island!

    Cape Coral Barometer  ·  Jan 12, 2010 at 7:33 pm  ·  Permalink

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