Cape Coral Living
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6/12/2013
I've lived here for 9 years and have seen some ups and downs. Cape Coral has great potential, but faces many challenges. The potential is based on it's undervalued land and cost of living. The downside is an overeaching and overtaxing City Council. They just don't get it. They think people will come because of our canals. Only thing is, 90% of our citizens don't live on and can't afford a canal property. With the impact fees and water and sewer assessments (double dipping) it is not feasible to build a new home. So not to City Council. Despite our massive sales of existing homes, they are not coming. We might as well have 2 million miles of canals. With 30 permits pulled for new single family homes (off 96% from the peek) growth is comatose. Jobs are scarce and services are limited. Schools for the most part are as bad as it gets in the US. When I first came here govt made up about 24% of our industry and construction made up about 27%. Today govt is 27% and construction is 7%. What's wrong with that picture. With the massive house flipping that has occurred in the last 5 years, Cape Coral is poised for another bubble burst. My advice, don't walk run. Get on the other side of the Caloosahatchee as fast as you can.
Todd | Cape Coral, FL