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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Elroy Jetson who wrote (38062)8/7/2005 11:50:46 PM
From: John Vosilla  Read Replies (1) of 110194
 
I was serious with the land comment in Florida. Lots of junk land, swamp land and unbuildable lots with no infrastructure coming in our lifetime in remote areas of Florida have turned into a ponzi scheme. Tell Tradelite it is not controlled by the rich but a constant churn by the idiot flipping/momo crowd doing the same think on the same land that was done in the 1920's and 1960's. Let's not equate real demand for land in urban areas with this once or twice in a century speculative behavior.
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