patrick.net

It's hard to blame a book wrote in 2005 when the bubble was in full swing in South Florida starting in late 2001 into early 2002.
The year before(late 2000) when I was house shopping I was looking at places in a 79K-120K but by early 2002, those same properties with the same specs were listing for 175K-220K.

According to the chart in that article the book came out at the peak.

I blame City managers and planners. I'm convinced they shared information across the country, their winning formula for a secret success. Where these people were touting higher tax revenue and an over all greater wealth and a higher standard of employment through.

Any different than the state "controller" appearing in TV ads asking for more tax money? Controllers are supposed to identify waste and fraud, not pimp taxes to pad the graft.

Public service unions and special interests just give him a reach around and he coughs up tax money. Maybe they should call him a Pez tax dispenser for the crooked instead of controller.

The "myth of authority" never seems to fail to harvest suckers, whether it is the Gov or Wall Street.