New Vista Properties selling vacant lots and empty dreams in Florida?


By Patrick   Follow   Sun, 24 Feb 2013, 8:23pm   301 views   2 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.heraldtribune.com/article/20130223/ARTICLE/130229816/2416/NEWS

Robert Ehrling and Richard Reizen spent two years in prison for their roles in the fleecing of customers out of $117 million in sales on overpriced property in nine counties, including Sarasota and Charlotte. More than two decades have passed since then, but the marketing tactics that the men honed at the now-defunct General Development Corp. apparently have not changed. Despite a painful housing slump that stalled real estate across Southwest Florida, New Vista Properties Inc. has continued to sell vacant lots in the epicenter of the downturn to buyers for more than 10 times true market value, a Herald-Tribune...

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  1. lostand confused


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    1   9:02pm Sun 24 Feb 2013   Share   Quote   Permalink   Like   Dislike  

    Ah Florida and vacant lots-didn't that end in disaster back in the Great Depression?!!

  2. JodyChunder


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    2   11:17pm Sun 24 Feb 2013   Share   Quote   Permalink   Like (1)   Dislike  

    The comments are priceless...rife with your typical South FLA hustler mentality.

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