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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]
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 the poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 and attracted investors from all over the nation. [1]
Key West is the driest city in Florida, and most of the Florida Keys can become quite dry at the height of the dry season. Some of the more exposed vegetation in the keys is scrub , stunted due to the intense sun, quick draining sandy soil, and arid winter climate.
Little Torch Key is an island in the lower Florida Keys. [1] [2] U.S. Route 1 (also known as the Overseas Highway), crosses the key at about mile markers 28–29. It is immediately preceded to the northeast by Big Pine Key, and is followed by Middle Torch Key to the southwest. [3] Little Torch Key is a small island 24 miles (39 km) from Key West.
The monochromatic painting, which measures 9.6 x 7.3 inches, was purchased by an anonymous buyer for €860,000 (then around $910,000) at the Christie’s sale — more than 50 times the painting ...
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“My Rembrandt” is a documentary that revels, as any good Rembrandt documentary should, in the extraordinarily subtle majesty with which Rembrandt Harmenszoon van Rijn, who lived from 1606 to ...
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.
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