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1668-108 Economics, Development, & Real Estate 1895-1926 o91�w�an yr F.+S►v �kVu c " • s ♦, r-� j Ir .r Y T'i . . �'•. �> ,. ,t,- y,' t �; -�i*,,� ,6 ,, -„, ,. , �w y t.�c,t it,ti`;3'i' "'r '` 1.� ~ r , '1./` " .S ,�y"'. ai'FS-�` Rte?:4rZ f tL 4 e.,...,„- _ ' ci , • • ' July' 29.1925. r.Jas."o=� t ,, l'dialai.'jai ly News, Mari,Fla. s. `�^ ,, dear Jim, • : . If you are keepinjr in touch with the buying of Florida pro« • ' perty you mast know that literally millions upon millions of dollars `„ !' is being shipped into Florida for the purchase of land, lots, apart... ' rent houses, eto. Someof the property now being :cold in Florida will - • ` - /k`• not bring :in ouch money in thirty years as itis selling for now. An ' -r-''%',,--- enormous amount of money is coming from sms ll speculators who invest �; r •' nearly all they have. There is a trem n.duous amount of misrepresenta-• y.;, tion. There ars of enormous amount of statements made that "sharks" never expect to keep and also a great many statements are made by . ',.'- ';' •people who think they are going to do certain things but who fail to come thru, For instance: There haa been at least a dozen million •:,''',;:.; - _.•:•,' - and five million dollar hotels mentioned, that have not ,bon built - or even started. Land has been sold in ?lorida that will take many, years to reclaim. '?e are bound to have a big flsr®back and u:iaani I and Miami Beach are going to suffer as result, of sore of th©axploit-. 1 ing sohcmes'that have boon oirriod on around nand and further north. ,on't you think i.t•::ould be wise for your reporters and your people to analyze sore of the statements that are being made before you publish them? You have published in your paper, :end so hae the Herald. I :•;!'' :-•` • and other papers, scheme after whore wmaterialised has never ' and rainy people have invested thru the fact that a, supposedly reliable I . newspaper publishes a statement of what sore real estate dealer pro- poses to do. If you will check back thru your papers end look for • statements that have not made, good •fn the last two or three years, fT '' ', you will be amazed. The situation has not been as bad during the past year as it w it l be during the next year. The city is literally , :2•.'.',,,T.:..' flooded with "sharpers" who are pulling all sorts of schemes. The sales rade at i..'.iami are nothing as oampared with the sales rade thru the north. r: • i )'`' y / Yours, . .`. .;?..,'.';':,:i..... ....:74-::4;,4, a a- C ,. +37`6:•..,1 x u , f , .e r r.4iwF -,,-.--- ••,-• ` 44ry�i,,A, " 1 4_ - K -.r." ,, ,S' � x * '.• Yr ' � 4lirgT, , v • :f tib •-.'',:6;',.'„ - ,