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Asset Bubbles are Real Life Destructive–Can We Learn To Stop The Madness?
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Asset Bubbles are Real Life Destructive–Can We Learn To Stop The Madness?
Located on the Gulf coast of Florida, Cape Coral has long been a haven for retirees, speculators and boom-bust real estate cycles. In the 2002 to 2006 property boom, debt-flush buyers pushed median home prices in the greater Lee County up by 280% in just 4 years. Naturally, this made the area a leading foreclosure center when the bubble burst in 2007. As borrowers defaulted […]
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