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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (112889)	3/26/2008 11:35:15 AM
From: MoneyPenny	Read Replies (1) \| Respond to of 306849

There are little home made signs on every corner in Fort Myers and the Cape, now extending to Estero and Bonita Springs...lots for sale, houses, etc. Desperate looking things. I saw two billboards for absolute auctions yesterday. One development cut their prices by 50% and are selling quickly. I think it was Coral Lakes or something like that. My area was the fastest growing county in the country in 2005-6 and it only is to be expected that we are paying a harsher price now. Restaurants and small businesses are already closing as a huge number of new commercial strips and malls are coming to completion. Add about 1000 more "luxury" condos getting close to completion. I consider myself lucky to have been laid off. MP