On Jan. 12, Richard Goodwin, who made a fortune building condominiums, publicly lamented his own real estate woes. In a letter to The Fisher Island Voice, an online forum for residents of this tiny, gilded island less than a mile off Miami, he wrote, “I have $1.2 million invested” in property here, and “I am suffering under a 40 percent meltdown of my net worth.” Just a year ago, his revelations would have seemed unthinkable on Fisher Island, one of the country’s wealthiest communities, whose residents relish the privacy of their mini-paradise.
By Geraldine Fabrikant, Feb. 1, 2009, NYT, Fisher Island, Fla.

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