Peter Goodman Revisits Cape Coral, FL

| |

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.

Similar Posts