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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mx_squid who wrote (34554)	7/30/2005 12:48:28 AM
From: Jim McMannis	Respond to of 116555

at one time 50% of the people in Miami were RE agents. Ever wonder where the term "wanna buy some swampland in Florida" came from?

To: mx_squid who wrote (34554)	7/30/2005 10:51:43 AM
From: Tommaso	Respond to of 116555

Yes, the Florida land boom is right up there with all other great manias. My favorite story from that period, which may be true since the State of Florida posts it on the state web site, is of the old man who took all his savings and bought a parcel of land--on the outskirts of Miami, I think--about 1920. His son considered the land worthless and was able to get a court order remanding his father to an insane asylum for doing that. A few years later the man was able to sell the piece of land for a hundred times what he had paid for it, got himself released from the asylum, and brought suit against his son.