More economic woes

If ye socks find yourselves down in North Naples, Florida, take a drive down Whippoorwill Lane to see tangible evidence of the state of the homebuilding industry around this little corner of heaven.

There you will find "Marbella Lakes."

Or, what should have been "Marbella Lakes."

Engle Homes got as far as installing sewer connections, fire hydrants, and lamp posts. They even put up a gate house and started building a few model homes.

But, the site has now been abandoned, and the "model homes" consist of a few stark grey cinder block walls unfit for habitation.

Engle decided mid-stream it made more economic sense to allow their bank to foreclose on the site, I guess.

They also decided to hand out a bunch of pink slips up in my little corner of heaven.

So, there are a lot of jittery folks around here these days.

Then, I got news from Texas along the same lines.

When might we expect some good economic news for a change?!