Monday July 23, 2007

It’s all doom ‘n gloom over at Bloomberg, where Bob Ivry predicts a recession for Florida by October, resulting from the condo glut. I see the point, but surely a 30% drop in condo prices has some positive repercussions for the economy as well? The developers will get stung by this, but they can deal. (thanks, KH)

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  1. circuitmouse    Mon Jul 23, 06:28 PM #  

    I wonder if I still have any of my old neckties for the last condo glut… (I’m glad I don’t have the same hair style).