This is pretty bizarre, via the Naples Daily News:

•  A Pittsburgh speculator bought the house at 475 Galleon Drive in Naples’ swank
Port Royal neighborhood and sold it six weeks later for a $700,000 mark-up.

• A Bonita Springs widow, who runs a corporation called Sunny Florida
Investments Inc. from her condo, bought a lot at 4370 34th Ave. S.E. in eastern
Golden Gate Estates for $9,900. She sold it the same day for $37,400.

• A Naples couple bought a home in the middle-class Saturnia Lakes
neighborhood preconstruction at 1929 Isla de Palma Circle and sold it the same
day they closed on it for $207,000 more than they paid.

Note that these are hardly examples of day trading, but instead are signs of increased speclative activity.

The entire article is worth a read . . .


Fa$t bucks: Real estate flipping in Southwest Florida   
Naples Daily News, July 10, 2005,2071,NPDN_14940_3916350,00.html

Category: Investing, Real Estate

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “DayTrading Florida Real Estate”

  1. mh497 says:

    Barry, I thought you were saying it wasn’t a bubble? You seem to be making a pretty good case it is.

  2. is it ok with you if i plagiarize your disclamier for my site? thanks. MH