From Peter Goodman at the NY Times: Real Estate in Cape Coral, Fla., Is Far From a Recovery (ht Calculated Risk)
This is not the most uplifting article. Goodman joins a Foreclosure Tour and reports on the facets of the clean up of the messy real estate bubble burst.
Maybe I need to stop reading the national real estate news. Every day there are more an more of this type of story, as well as auctions, short sales, bulk sales, foreclosures – subjects we in the residential real estate business seldom, if ever, dealt with 5 years ago.
We were busy helping folks achieve the American Dream of home ownership. The last decade brought about remarkable changes in the real estate market and the real estate business. It is time that we pull ourselves out of this mess and reclaim the American Dream. Sure, there is room for the investors, who seem to be ubiquitious in the markets, but I am ready to help bring back the Dream – folks buying homes to live in!
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