So far outside the box you can't even see the box from here.
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Tuesday, October 6, 2015
Florida has always been a boom and bust state. I've been wintering down here long enough to see a couple of cycles. There are a lot of abandoned buildings and even whole developments are weedy and falling apart.
After 2008 it became clear that there was an awful lot of speculative building. Projects were stopped in various stages of construction. Perfectly fine buildings were never occupied. There were whole Florida counties that looked like they were hit with a zombie apocalypse.
Things have picked up again in parts of Florida. Here's the thing that bugs me. Do they rehabilitate the old developments? Nope. They clear land and build whole new ones, sometimes right next to the abandoned buildings.
I'm not sure why they do that, but I've got a couple of ideas. One thought is that the buildings were so shabbily constructed that it's cheaper to build new crappy buildings. Another idea is that the banks could be keeping those buildings on their books at full evaluation. Writing them all off would look bad on the bottom line.
There are areas in Florida where you can observe the remains of several boom and bust cycles. Some are just old foundation slaps. Others have some walls standing still. There are houses totally covered in vines and moss. To me, they are monuments to the more absurd elements of capitalism.
Other states are not immune to the instant ruins phenomena, but Florida is a special case. Down here it's a pro sport.
I live in an area of NH known as the Great North Woods. I'm in my dome-i-cile out in the county with my lovely wife and a varying number of family and friends
-part red neck, part hippie but all country. Experimenting and enjoying the adventure of life.