Sorry for the tacky subject, but it’s accurate. For those of us who live in South Florida, we remember how St. Lucie County, including Port St. Lucie, were the epicenter of the real estate boom. You know where this is going…
Port St. Lucie — the spring-training home of the New York Mets, situated inland from the more expensive Atlantic Coast along Florida’s Turnpike, about 100 miles north of Miami — nearly doubled in population from 88,000 in 2000 to 151,000 in 2007. Three biotechnology institutions opened in the county.
But then the foreclosure crisis struck and the economy went south. Many people soon realized they had bought more house than they could afford.
The county had more than 10,000 foreclosures last year, up from 4,165 the year before. Unemployment stands at 10.5 percent, more than double three years ago.
So, Commissioner Doug Coward wants the area considered a disaster area. The articles give a little bit of a human spin and spotlights the detractors. Unfortunately, this solution is unlikely and probably just a band aid.
Regardless, it underscores the seriousness of the issue in South Florida.