The land boom in florida was fueled by people who bought real estate at prices

The land boom in Florida was fueled by people who bought real estate at very low prices.

Explanation:

The Florida land boom was a real estate boom that took place in the 1920s in the state of Florida.

In the early 1920s, Florida became popular as a living and recreational area. For this reason, substantial investments were made in land, hotels, homes and roads. Large land reclamation projects were set up over time. Parts of the Everglades (the wetlands in south Florida) were drained and artificial islands were built off the coast of Miami. When prices rose even further, even swamp areas that were not even at the sea or near a city were resold for big money. At the end of 1925 it went wrong and this real estate bubble burst, because many properties were not bought, and investors didn't recover their initial investment.

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