Tuesday, January 15, 2008

Plus ça Change ... II

People in the North heard about the real estate prices “doubling and tripling”, causing a snowball effect. Capital was rapidly pumped into the real estate market. Whole golf communities were developed, such as Temple Terrace. Resorts and retirement communities were developed almost overnight. Mansions were sprawling in every area, as were swimming pools. As always, waterfront property was the most desirable. Florida was seen as a veritable Utopia.
Real estate prices quadrupled in less than one year.


All this happened in the 1920s. Read the fascinating tale at Don's Key West Chronicle.

3 comments:

Daniel Cruz said...
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Omar Cruz said...
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TOR Hershman said...

Most interesting blog you have

 
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