DayTrading Florida Real Estate

July 11, 2005 2:50pm by Barry Ritholtz

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 . . .

>
Source:
Fa$t bucks: Real estate flipping in Southwest Florida
GINA EDWARDS
Naples Daily News, July 10, 2005
http://www.naplesnews.com/npdn/news/article/0,2071,NPDN_14940_3916350,00.html

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/

twitter

facebook

What's been said:

Discussions found on the web:

mh497 commented on Jul 11

Barry, I thought you were saying it wasn’t a bubble? You seem to be making a pretty good case it is.
marginal happiness commented on Jul 11

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

Posted Under

Terror Rally

Bush or Blair?

What's been said:

Posted Under

Sign Up for My Newsletter