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Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically for any scam that misrepresents what is being sold.
1922 Florida billboard promoting the sale of lots. The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and poor building standards.
[4] [10] Purchase from the family and sale of the preserve lands to the State of Florida and Lee County closed on July 31, 2006. [3] [4] As part of the arrangement, Kitson & Partners received $350 million for the land, with approximately $310 million provided in the final budget of Governor Jeb Bush and $40 million from Lee County, Florida. [12]
In ascending order, real estate experts and chief economists alike would advise buyers to avoid shopping for homes in these 10 Florida cities. Palatka September 2023 average home value: $198,268
There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. Reuters 23 days ago US single-family housing starts surge; permits up slightly
The St. Joe Company is a land development company headquartered in Panama City Beach, Florida.Founded in 1936 and until 1966 known as St. Joe Paper Company, the company still operates a forestry division but is primarily engaged in real estate development and asset management.
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ...
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