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The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 and attracted investors from all over the nation. [1]
Tourism and real estate speculation became important parts of the local economy. Delray issued bonds to raise money to install water and sewer lines, paved streets, and sidewalks. Several hotels were built. At that time, Delray was the largest town on the east coast of Florida between West Palm Beach and Fort Lauderdale. The collapse of the ...
Coastal California is heavily influenced by east–west distances to the dominant cold California Current as well as microclimates.Due to hills and coast ranges having strong meteorological effects, summer and winter temperatures (other than occasional heat waves) are heavily moderated by ocean currents and fog with strong seasonal lags compared to interior valleys as little as 10 mi (16 km) away.
Northern California Coast as seen from Muir Beach Overlook. The California Coastal Commission was established in 1972 by voter initiative via Proposition 20. [8] This was partially in response to the controversy surrounding the development of Sea Ranch, a planned coastal community in Sonoma County.
One proposal would require hedge funds — defined as corporations, partnerships or real estate investment trusts (REITs) that manage funds pooled from investors — to sell any single-family ...
Latinos in Florida accounted for 5.3 million (8 percent) of the US Latino population. [2] At around 28.5% of the population as of 2017, Cubans are the largest Latino group in Florida. Puerto Ricans are one of the fastest growing Latino groups in Florida, with one out of every five Latinos in the state being of Puerto Rican origin.
A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of the nation’s homeowners’ claims in 2019, but 76% of its lawsuits.
The cooler ocean current along the west coast also makes summer temperatures cooler on the west coast compared to the east coast. For example, Half Moon Bay at 37°N has no month with an average high above 67 °F (19 °C) and San Francisco often stays below 70 °F (21 °C) in summer, while Virginia Beach, VA , close to the same latitude, has ...