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Printable Form W-10 Cape Coral Florida: What You Should Know

States. As it happens, the place's not actually a bubble; it's an example of the way our economy could collapse by building too much. A Map of the Boomtown That Shouldn't Exist Dec 28, 2024 — The new downtown in Cape Coral, Florida, is a huge bubble, the size of New York. The area is home to 40,000 people. On its face it doesn't seem like a place that could ever grow that fast. But Cape Coral was built a long time ago on a lie. On the ground, the reality is a massive bubble, a big, white, sticky mess that could pop any time. In an extraordinary effort to keep the city's residents living there, the city has built nearly one high rise, two hotels, and 11 residential condos (the tallest building of them all is 280 feet). And, as it turns out, each of them is a major contributor to the bubble's existence. As it turns out, the city built almost a quarter of a square mile outside its center for a reason: the housing is too tall for people, so the city built tall buildings to surround them. The result is a lot of land that looks like a giant bubble and doesn't need to exist — a bubble so huge that it makes the surrounding land look like a grassy park. That, in a nutshell, is what's happening in Cape Coral. One of its biggest problems: residents don't trust other people, including their own government, with their lives. Cape Coral's residents live in a bubble of their own making—a product, in fact, of their government's economic policies. In 2015, the U.S. Census Bureau called Cape Coral one of the three fastest-growing cities in the country, alongside Miami and Orlando. In the next 10 years, Cape Coral officials expect the population to reach 110,000 people. Cape Coral's prosperity reflects one of the greatest economic policies in our country's history: mass deregulation of the American labor market, enacted from the 1970s to the mid-aughts by Republican and Democratic administrations alike. What's Driving the Boom The most crucial factor is housing supply, which has become far too abundant. “I feel like I'm living in an entirely different world” than when I first moved to Cape Coral in 2002, says one homeowner at a small apartment complex.

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