Southwest Florida's property has turned stone-cold


	Southwest Florida's property has turned stone-cold

arifsali

8-14-2007 1:01 PM

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housing, united states, florida, economy

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/85a30979-1aba-460b-9bd7-3f5e6f62e25b/3191BE45-F21C-43AB-AB4B-FE20320125CE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.theglobeandmail.com/servlet/story/RTGAM.20070814.wflorida0814/BNStory/International/?page=rss&id=RTGAM.20070814.wflorida0814" href="http://www.theglobeandmail.com/servlet/story/RTGAM.20070814.wflorida0814/BNStory/International/?page=rss&id=RTGAM.20070814.wflorida0814" style="font-size: 11px;">www.theglobeandmail.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/RTGAM.20070814.wflorida0814/BNStory/International/?page=rss&id=RTGAM.20070814.wflorida0814"><P>CAPE CORAL, Fla. — Phone books that were delivered but never opened rot away next to empty driveways and overgrown lawns, telltale signs that once-booming southwest Florida is now the centre of the U.S. housing storm.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/RTGAM.20070814.wflorida0814/BNStory/International/?page=rss&id=RTGAM.20070814.wflorida0814"><P>
 Until two years ago, middle-class retirees vied with property speculators for houses and apartments in Cape Coral, a town near Fort Myers on Florida's sun-drenched Gulf Coast. Now almost every other house on some of its streets has a for-sale sign outside.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/RTGAM.20070814.wflorida0814/BNStory/International/?page=rss&id=RTGAM.20070814.wflorida0814"><P>
 With a bloated inventory of unsold homes and a growing number of homeowners forced by mortgage delinquencies to sell — thanks to the subprime crisis and ensuing credit crunch — southwest Florida's once warm clime for property has turned stone-cold.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/RTGAM.20070814.wflorida0814/BNStory/International/?page=rss&id=RTGAM.20070814.wflorida0814"><P>
 Linda Setterlund, 61, owns a pristine three-bedroom, two-bath, Cape Coral house that has been on the market for about a year.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3191BE45-F21C-43AB-AB4B-FE20320125CE/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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