The New York Times covers the economic challenges facing Southwest Florida, and in particular Lehigh Acres in an article titled In Florida, Despair and Foreclosures.
The article details the boom years and what has occurred since the real estate market busted. This article is a must read for anyone that has an interest in the Southwest Florida real estate market.
It is outstanding news that President Obama is visiting Lehigh Acres next week. This area is in dire need of economic diversity, maybe the federal government can play a role in bring new high-paying jobs to the region. Without attracting new jobs and industries, communities like Lehigh and Cape Coral will continue to boom and bust based on the health of the real estate industry.