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A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom or reduce interest rates. [1]
Marco Island is a city and barrier island in Collier County, Florida, 20 miles (32 km) south of Naples on the Gulf Coast of the United States. It is the largest barrier island in Southwest Florida's Ten Thousand Islands area, which extends southerly to Cape Sable .
One 2017 NBER study argued that real estate investors (i.e., those owning 2+ homes) were more to blame for the crisis than subprime borrowers: "The rise in mortgage defaults during the crisis was concentrated in the middle of the credit score distribution, and mostly attributable to real estate investors" and that "credit growth between 2001 ...
Naples is a city in Collier County, Florida, United States.As of the 2020 census, the population was 19,115, down from 19,539 at the 2010 census.Naples is a principal city of the Naples–Marco Island metropolitan area, which had a population of about 375,752 as of 2020.
[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
The Mackle brothers—Elliott, Robert and Frank Jr. [1] —were brothers who developed real estate projects. They popularized selling land in planned communities through installment plans in Florida, creating several communities in the process. [2] Elliott J. Mackle was born in 1908 and died in 1978. [3]
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Isles of Capri is an island community located in unincorporated Collier County, Florida. The isles are a grouping of four mangrove islands that were developed and connected in the 1950s. [1] The isles are connected by Capri Boulevard, and can be accessed from nearby SR 951 (Collier Boulevard). Isles of Capri is located just north of Marco Island.