Depens where on the Gulf Coast. Fort Myers, Port Charlotte, Cape Coral,
Sarasota are at the epicentre of the crash. In Naples good areas lost 25% of value between 2005-2008, bad areas about 50%.
This comment has nothing to do with Spain, it is just a remark on some comment about Guf Coast prices having scarcely dropped… Or were you refering to the multi-million dollar mansions on gated islands near Naples?
Maybe those prices did not fall.