Oil Spill's Impact on Gulf Coast Housing Industry The Gulf Coast has seen an incredible increase in population in recent years. Homes along the path of the Gulf Coast oil leak are forecast to decline at least 30% in value. We have all seen the incredible pictures on the news every night, and we all know they need to "STOP" the leak. The Lousiana Fishing Industry has been crushed, the tourist industry along the entire Gulf Coast has been impacted. The beautiful white sandy beaches in Florida may be devastated by the toxic BP oil catastrophe, presenting an economic and environmental disaster of epic proportions, devastating an already fragile housing market. The Gulf Coast has been heavily impacted by the nation’s housing crisis with homes and condominiums along most of the immediate coa...
Comments
0