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User Info Coast Bank (Florida) declares BK; entered at 2007-12-01 16:32:28
Opusprime
Posts: 1033
Registered: 2007-07-27
I'm visiting my Dad in Sarasota/Bradenton this week.

I have never seen so many for sale signs in my entire life. And they are still building!

In the same paper I read about Coast Bank this morning there was a 1/2 page Lennar add.

"Pay no real estate taxes for 2 years with the purchase of a Lennar home."

Of course the Lennar homes are on the other side of RT 75, about 8-10 miles from the beach. I'd bet a nickel a majority of those units never get occupied, ever.

Oh, and Manatee county is averaging more than 13 foreclosures a day, 372 filed for the month of November. Thats 2,254 foreclosures in Manatee county so far this year. More than the last 7 years... combined.
2007-12-01 16:32:28