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This is Aladdin City, a heavily hyped and over-sold new city that fueled a real-estate bubble in the 1920s in Florida. https://goo.gl/maps/Xe3ns9Cd2tv https://
by Ironchefpython 9y ago
This is Aladdin City, a heavily hyped and over-sold new city that fueled a real-estate bubble in the 1920s in Florida.
https://goo.gl/maps/Xe3ns9Cd2tv https://goo.gl/maps/Xe3ns9Cd2tv
- chrisco255 9y agoYou'd probably be hard pressed to find a home for less than $250K even there today. And I've seen more than a few wetlands filled in with dirt to build apartment complexes and neighborhoods on in Florida. To be fair, there are several huge over-sold neighborhoods in Florida that never met the hype, but for every one of them there are real success stories too.
- Ironchefpython 9y agoMy point is the majority of speculators lost most of their money in the short-term, and didn't live long enough to see the value of their investment appreciate, and for most people that would qualify as a failed investment.