Back to the future

"The only man that doesn't make money in Florida real estate is the man that doesn't own any"

A look back at the investor madness that created a real estate boom in Florida in the 1920's.

There appear to be some similarities from the 1920s with today's investor craziness: W is nearly as conservative as Cal Coolidge; the cheap Jet Blue and Song flights are bringing the masses to Florida like the new railroads did in the '20s; and WCI Communities CEO & President Jerry Starkey is a modern day D.P. Davis.

When Underwater Lots Sold in Florida Boom [Wall Street Journal]

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