A blog dedicated to tracking the continuing decline of housing markets throughout the USA. It is a long slow decline. But, decline it will. The speculative episode was simply unsustainable. With special attention to the Washington, DC area. Please join in the discussion.
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Florida housing bubble hurt water access for boaters
Posted on October 11, 2008
From Power & Motoryacht magazine:While it was booming, the real estate market in South Florida wreaked havoc on the already limited space for boat slips and dry docks. The area lost about 15 percent of its boat-storage capacity in the last six years because of waterfront development, according to the Marine Industries Association of South Florida (MIASF).But now that the real-estate market bubble is bursting, it's unclear whether the boat-storage problem will get a much-needed shot in the arm. Fortunately, the real estate slowdown has relieved some of the pressure of nonmarine developments on ...
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