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Old 08-19-2008, 04:09 PM
Status: "there's something on the way......." (set 8 hours ago)
 
Location: Cape Coral FL
2,792 posts, read 3,476,336 times
Reputation: 1200

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Quote:
Originally Posted by SWFL_Native View Post
One person's pain is another's benefit....

Born & raised in this area so I must say this local recession is a breathe of fresh air. It will stunt growth, cause emmigration, and drive deflation. I can now live in my home area inexpensively with less traffic and competition for entertainment.

1) This now allows Lee County DOT to catch up from an Infrastructure perspective and fix/build roads properly without being rushed to move onto the next project.

2) Development has stopped (thank god!). There is no reason why 60% of your economy should be based upon development, construction, and real estate. This now reallocates our assets (people) to industries more suited for success moving forward. The clearing of land has not stopped with useless shopping malls or condos (think Metro Pkwy & Colonial). It's nice to see green areas with undeveloped areas the last thing we need is to pave SWFL and become like MIA.

To me this isn't a slow death but finally coming back to life of what the real appeal of the area was! My outlook is sunny

Very good points all....The one thing that concerns me, is with all the vacant houses here, that will need someone to occupy them, somehow, someway, is that a good portion of Miami will end up moving here, since it's so affordable, and attractive. Think about it.......
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Old 08-19-2008, 04:30 PM
 
5,704 posts, read 5,740,452 times
Reputation: 6029
Right now they're debating this on Fox. A guy is saying that when supply reaches 50% decrease in prices you'll see more even level sales. He also said 2.5 million homes were built in 6 years and it was too many so not until they are all sold, will there be any real decrease in supply. He says 2011. Greenspan said in a year (so that probably means more since he was part of the problem administration). The woman debating the guy is claiming that Euro buyers will swoop in and save the industry. He just laughed when she said that. The discussion was US not just Fl.

I agree with yachtcare about migration from the south. That's the case in Broward now. I saw a tremendous change in the neighborhoods that I was interested in...since 2005 till now when I was down there looking to relocate. In fact for a year AT&T has been hiring in a Sales job and just this month the job req is asking for bilingual.
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Old 08-19-2008, 08:16 PM
 
Location: Deane Hill, Knoxville, Tennessee
21,680 posts, read 31,737,037 times
Reputation: 11789
These have to be some of the best posts ever written on this forum. No kidding. No one trying to sell something, just the pure unadulterated truth.

Yes, I bet it is fantastic to have the area back to the way it was, and I feel in my heart of hearts that it should be. The area is set up for tourists and snowbirds to live. It wasn't too expensive. The snowbirds weren't terribly rich. One could get a service job, or be a teacher, cop, auto mechanic , and make a living.

It was never meant to be paved over with "pseudo towns" that were gated and looked like Stepford.

But, as yachtcare said, you don't need to be attracting the other side of the coin, either. I never thought I would say this in a million years, but the snowbirds need to come back. Maybe they can afford one of those big, slapped together houses rather than their modest mobile homes.

That would be nice.

I can't believe I just wrote that. Did hell freeze over?
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Old 08-20-2008, 07:39 PM
Status: "there's something on the way......." (set 8 hours ago)
 
Location: Cape Coral FL
2,792 posts, read 3,476,336 times
Reputation: 1200
Quote:
Originally Posted by hiknapster View Post
Did hell freeze over?

No, actually it's still pretty hot in Cape Coral, but there's been a nice breeze the last couple of days.....

I, too, would love to see the area return to what it once was. But like the old saying goes..you cant go home again. The area is grossly overbuilt to be able to go back to the quiet place it was. It would be nice if the current situation would allow all the snowbirds to trade in their trailers for the obscenly huge, grotesquely pillared monstrosities that were put up around here. But alas, most of them are likely struggling to hang onto what they have back in their hometown. Concerned with paying property taxes, and keeping food in their bellies, and fuel in the car. They will be fortunate if they can afford to get back to their trailer here. But SOMETHING will have to be done with all these vacant houses. As their value drops, some form of public, assisted living arrangements will be made from this glut of empty housing. Either section 8, or some new form of socialism, being hatched by the fed, even now. The way things are looking, we may all be on some form of government dole, from the Chinese, before long. But I digress.......
The "affordability" that will become this areas trademark, will become it's siren call to the masses looking to flee the bigger, more crowded places like Miami, Tampa, Orlando...and by extension....Toledo, Detroit, Milwaukee, etc......
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Old 08-20-2008, 07:54 PM
 
Location: Deane Hill, Knoxville, Tennessee
21,680 posts, read 31,737,037 times
Reputation: 11789
Quote:
Originally Posted by yachtcare View Post
No, actually it's still pretty hot in Cape Coral, but there's been a nice breeze the last couple of days.....

I, too, would love to see the area return to what it once was. But like the old saying goes..you cant go home again. The area is grossly overbuilt to be able to go back to the quiet place it was. It would be nice if the current situation would allow all the snowbirds to trade in their trailers for the obscenly huge, grotesquely pillared monstrosities that were put up around here. But alas, most of them are likely struggling to hang onto what they have back in their hometown. Concerned with paying property taxes, and keeping food in their bellies, and fuel in the car. They will be fortunate if they can afford to get back to their trailer here. But SOMETHING will have to be done with all these vacant houses. As their value drops, some form of public, assisted living arrangements will be made from this glut of empty housing. Either section 8, or some new form of socialism, being hatched by the fed, even now. The way things are looking, we may all be on some form of government dole, from the Chinese, before long. But I digress.......
The "affordability" that will become this areas trademark, will become it's siren call to the masses looking to flee the bigger, more crowded places like Miami, Tampa, Orlando...and by extension....Toledo, Detroit, Milwaukee, etc......
Leave it to you to get the joke!

The problem is Toledo, Detroit, Milwaukee still has cheaper housing than southwest Florida. They even look into moving to Knoxville then shy away when they find out that our houses are more expensive than theirs.

And here's another tidbit. They are really hurting up there with factories and businesses closing. Still, they move to Knoxville and we pay less than them. And they can't move to Fort Myers because there are no jobs at all.

Yes, some of them are retirees, but a lot can't even afford to retire. This country is rapidly running out of wealthy retirees that worked for a union all their lives and retired fat, dumb and happy.

They think it is so horrible up there, because those big paying, benefit laden jobs are gone. They are quickly finding out that a good portion of the country never had it that good.

Just food for thought.
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Old 10-03-2008, 09:05 AM
Status: "there's something on the way......." (set 8 hours ago)
 
Location: Cape Coral FL
2,792 posts, read 3,476,336 times
Reputation: 1200
Thought I would resurrect this six weeks hence......The latest numbers from Lee county, reporting the September numbers. While I didnt hear the exact numbers, just a brief mention, in passing on one of the morning radio shows... September foreclosures about 2,450, or 81 per day! The August final number was 2,156, btw.
Seems SW Florida is in free fall mode, any wagers on the date when nobody owns anything in Lee county anymore? Except the banks that is.....

Last edited by Compression; 10-03-2008 at 09:25 AM..
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Old 10-03-2008, 09:56 AM
 
Location: Venice Florida
1,381 posts, read 3,651,108 times
Reputation: 791
Do these foreclosure numbers separate out vacant land? So much of the speculation was on building lots in CC, and Leigh high Acres. Several months past a local reporter (Port Charlotte paper) asked realty track if they separated out land from houses, and was told "no".
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