Miami’s Boom and Bust: A Historical Perspective on the Real Estate Market
<p>Miami’s vibrant culture, beautiful beaches, and thriving nightlife has been a desirable destination for travelers and homebuyers. However, behind the glamorous facade lies a turbulent history of boom and bust cycles in the city’s real estate market. Understanding the historical context of these cycles can shed light on the factors that have shaped Miami’s real estate landscape.</p>
<p>Miami’s real estate booms can be traced back to the early 20th century. In the 1920s, the city experienced a boom fueled by speculation and rapid population growth. Investors were lured by the promise of endless opportunities, leading to a frenzy of construction and skyrocketing property prices. However, this bubble burst with the onset of the Great Depression, leaving Miami in economic distress.</p>
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