Quote:
Originally Posted by SwampCreature
I believe the term that applies to this article is "fluff piece". Very misleading to say in the least. If you click through the "In Pictures" gallery, the statistics are 2006-2009 for all localities listed. I was thinking the 13% for The Villages" in 2009 doesn't pass the smell test. It's for 2006-2009, like all the others.
Things were damn good in 2006-2008... and then the bottom fell out.
The very rosy description of the Palm Coast area is beyond the pale. There has been very dramatic collapse there. Flagler County has the second highest unemployment rate in the state, at 15.5%. Palm Coast always seems to be in news as a poster child of what went wrong in the Florida housing market.
So take this article with a grain of salt.
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You're right, a 2006-2008 growth rate is almost meaningless, since it doesn't distinguish between pre-bust and post-bust growth rates.