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Written by Greg Snow
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Monday, 17 May 2010 15:08 |
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Our local paper the News-Press carried a front page story Sunday on North Fort Myers and how they have Never really busted, because they Never really Boomed. This mostly quiet community north of the Caloosahatchee River in Lee County, Florida has little ingredients to make it a haven for speculators and flippers. Mostly older, retired, frugal and Midwesterners, the income and inclination don't add up to roller coaster rides in real estate. The median family income of around $40,000 per year, lack of many commerical opportunties, median age of over 60 years old, and until 2007 13 story Yacht Club opening, no real "skyscrapers". They are actually building again in Del Tura Country Club with 50 lots still available for manufactured homes. Our Lee County, Florida with Cape Coral and Lehigh Acres leading the way, has been continuously near the top on lists for worst hit areas for real estate foreclosures. It is always nice to see a small amount of our population not have to ride the zoomer to the top and then fall off the mountain top into the sea with the oysters and their eyes.
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