Monday, April 06, 2009

Good news must start somewhere

Over two months ago I sent the following note to a Tampa resident who had a real estate related business and who is now constantly on the move with her adventure travels. It read as follows: "Wherever you are at this point, you should look at this week's New Yorker for the article "Ponzi State" by George Packer. It's about your area, and the business you were in to some extent, and that you sold out of, I would guess, at a propitious moment..." She was in Laos or Cambodia at the time but I knew that she would eventually catch up and let me know what she thought of this well written article on the exurban development disaster around Tampa.

Her note came today and is as follows, "The article was really interesting - things were crazy in Lee County for a couple of years - I've heard reports since then, however, that with the number of investors flocking in to take advantage of the much lower prices, now prices are starting to go up and the bottom feeders are whining that they can no longer get the real good deals."

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