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Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically for any scam that misrepresents what is being sold.
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]
In the 1920s, Florida was in the midst of high real estate activity, where the state saw inflated real estate values and many coming into the state eager for profits. The market for real estate reached a peak in 1925, with the 1926 Miami hurricane and Wall Street Crash of 1929 forcing little development in the state and a land bust. [6]
A real estate agent in Florida has been arrested and is facing multiple charges, according to Fox 35 Orlando, following what authorities described as an “elaborate scam” in which an elderly ...
The U.S. real estate market has another year in the books after 2024 came to a close this week. While the median that homes sold for clocked in at $383,725 for the four weeks ending Dec. 22 ...
The abstracts were released to real estate developers who used them in their advertisements, and Wright and the USDA were pressed by the real estate industry to publicize the report as quickly as possible. [31] Wright's supervisor noted errors in the report, as well as undue enthusiasm for draining, and delayed its release in 1910.
The WSJ reported condo inventory for sale in South Florida has more than doubled since the first quarter of 2023, to more than 18,000 units today, due to either rising insurance costs or repair ...
The property became available for sale after his daughter died in 1982. The estate was purchased in 1984 by Finley Matheson, who fought to get it turned into a state park. In 1985 the State of Florida purchased the land for $22.5 million. [citation needed] The Deering Estate is a national landmark listed on the National Register of Historic ...
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