Real Estate in Florida
Update: Florida Trend's Cover Flipper
DeNapoli was right to be concerned. The prolific lender we profiled, Corus Bank of Chicago, eventually failed. Real estate analyst Lewis Goodkin, who wrote for us at the time, worried about the bubble. Other experts should have been.
DeNapoli this February told us that he exited in 2006 as he planned and hasn't invested since then. He sits now on the Florida Real Estate Commission, the state body that administers state real estate licensing law. Because of his position, he doesn't want to comment on the market. He's guarded on how he did personally. "I sold everything at the top," he says. "I came out fine." He adds: "It was much smaller than what was expected initially."