Musings —03.08.2011 06:45 AM—
Once the playground of the affluent and the super-rich, coastal Florida was one of the first places to be hit by the global recession. It’ll be one of the last places to exit it.
All around southwestern Florida, there are ugly scars — unmistakable signs people are still struggling. Foreclosure notices are everywhere, as are ads for bankruptcy sales — and bankruptcy help. Shuttered businesses can be seen wherever you look. And, along a sunny stretch of beach once favoured by Floridians piloting big yachts, someone has planted some hand-written signs. “Our house for sale,” it says. “EMERGENCY.”