Real Estate in Cape Coral Is Far From a Recovery

As we navigate this speculator’s paradise turned financial wasteland, Mr. Joseph stands at the front of the bus in a green polo shirt, highlighting specimens like this one: a white stucco house fronted by palm trees and topped by a Spanish tile roof on a canal emptying into the Gulf of Mexico. It last sold in 2005 for $850,000. Yours today for $273,000.

Published: Jan 2, 2010
Length: 15 minutes (3,924 words)
Read the story