commercial real estate for lease in south florida
florida real estate companies
real estate maps of florida
real estate school central florida
florida real estate agencies
sanibel island florida real estate
florida real estate convention orlando
gulf coast florida real estate
residential real estate florida
real estate for sale in whisper lakes orlando florida
real estate attorneys in south florida
south florida real estate of beautiful miami homes
florida real estate appraisal board
real estate lakeland florida
northwest florida gulf coast real estate
real estate in naples fl florida
orlando florida houses real estate for rent
commercial real estate jacksonville florida
south florida real estate schools
real estate mobile home parks in samoset florida
hernando county florida real estate
coral springs florida real estate rentals
state of florida real estate license
home buying boca raton florida real estate
real estate west palm beach florida
design estate florida real web
hernando beach florida real estate
florida real estate remax
real estate sales in florida
free florida real estate sales contract
real estate century 21 in orlando florida
real estate homestead florida
orlando florida real estate investment
pembroke pine florida real estate
davie florida real estate
florida coast real estate
south west florida real estate
pompano beach florida real estate
oakland park florida commercial real estate
florida partnership real estate law
The U.S. state of Florida's first real estate bubble burst in 1925, leaving behind entire new cities and the remains of failed development projects such as Isola di Lolando in north Biscayne Bay. The preceding land boom shaped Florida's future for decades and created entire new cities out of virgin swamp land that remain today. The story includes many parallels to the modern real estate boom, including the forces of outside speculators, hurricanes, easy credit access for buyers, and rapidly-appreciating property values.
By the 1920s, economic prosperity had set the conditions for a real estate bubble in Florida. Miami had an image as a tropical paradise and outside investors across the United States began taking an interest in Miami real estate. Due in part to the publicity talents of audacious developers like Carl G. Fisher of Miami Beach, famous for purchasing a huge lighted billboard in New York's Times Square proclaiming "It's June In Miami", property prices rose rapidly on speculation and a land and development boom ensued.
By January 1925, investors were beginning to read negative press about Florida investments. Forbes magazine warned that Florida land prices were based solely upon the expectation of finding a customer, not upon any reality of land value. New York bankers and the IRS both began to scrutinize the Florida real estate boom as a giant sham operation. Speculators intent on flipping properties at huge profits began to have a difficult time finding new buyers. The inevitable bursting of the real estate bubble had begun.
On January 10, the Prinz Valdemar, a 241-foot, steel-hulled schooner, sank in the mouth of the turning basin of Miami harbor. The old Danish warship had been on its way to becoming a floating hotel.

The railroads, already strained by the burden of transporting both food and building supplies, had already begun raising shipping rates. When the sea route to Miami was blocked the city's image as a tropical paradise began to crumble. In his book "Miami Millions", Kenneth Ballinger wrote that the Prinz Valdemar's capsize saved a lot of people a lot of money by revealing cracks in the Miami facade. "In the enforced lull which accompanied the efforts to unstopper the Miami Harbor," he wrote, "many a shipper in the North and many a builder in the South got a better grasp of what was actually taking place here."
In October 1925, in an effort to improve Florida's clogged rail system, the railroad companies placed an embargo on all railway goods other than food, which further contributed to Florida's skyrocketing cost of living. New buyers failed to arrive, and the property price escalation that fueled the land boom stopped. The days of Miami properties being bought and sold at auction as many as ten times in one day were over. The first Florida real estate bubble had burst.
The next year brought the 1926 Miami Hurricane, which drove audacious Biscayne Bay development projects such as Isola di Lolando into bankruptcy. The 1928 Okeechobee Hurricane and the Wall Street Crash of 1929 continued the catastrophic downward economic trend, and the Florida land boom was officially over as the Great Depression began. The depression and the devastating arrival of the Mediterranean fruit fly a year later destroyed both the tourist and citrus industries upon which Florida depended. In a few short years, an idyllic tropical paradise had been transformed into a bleak, humid remote area with few economic prospects. Florida's economy would not recover until World War II.
This is funny...the article here is "1031 Properties Gets You Into Florida Waterfront Real Estate" yea right. But in reading this I found out not a bad idea and you could do something to get a condo on the water in Florida. They've put some auction ads up that are worth watching, they seem to change often.
World's Largest Real Estate Tradeshow Identifies Florida Real Estate Professionals as Ideal for International Expansion. http://www.bargainnetwork.blogspot.com