The Lobster Bubble: Maine’s Lobster Boom, And Why Experts Predict A Dramatic Bust
"If this leads to a crash in the Maine lobster industry, experts agree it would almost inevitably lead to irreversible gentrification of Maine’s coast. While the going has been good, lobstermen have invested in bigger boats and more equipment to take advantage of the record lobster numbers. Much of this gear is owned by the bank. It’s a bit like the housing bubble, and if the lobsters go, lobstermen won’t be able to make their payments and the bank will have a glut of lobster boats."
