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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (239532)	5/8/2003 11:55:01 AM
From: Tommaso	Read Replies (2) \| Respond to of 436258

My two grandfathers were affected in quite different ways by the depression, though neither was really demoralized by it. One was an up-and-coming lawyer in the 1920s who built a big house in the fanciest part of townon a mortgage and kept his savings in a savings and loan that went bust for a long time. The value of his house dropped hugely but he did hang onto it, working himself to death in his law practice. The other grandfather was debt free and used the depression to buy land cheap in central Florida and planted orange groves (he was also a doctor, though in a very poor area). His orange groves eventually prospered and made him rich in his old age. The next generation foolishly sold out the Florida properties after some freezes and other expenses. Turned out they were within a few miles of Disney World.