the lure of real estate

the lure of real estate

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時間:2018-02-10

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1、18.THELUREOFREALESTATETheAmericanfascinationwithrealestatebeganwiththearrivaloftheMayflower,orshortlythereafter.Formuchofthepre-Revolutionaryera,landwassoplentifulthatthecolonialauthoritiesoftengaveitawaytofarmersandlocalnotables.Inthemid-eighteenthcentury,asthepopulationincreased,speculators

2、startedsubdividingsectionsofVirginia,NewEngland,NewYork,Pennsylvania,andOhio.ManyofthegreatfiguresoftheRevolutionaryera,includingGeorgeWashington,BenjaminFranklin,andPatrickHenry,wereactivelanddealers.AftertheEnglishhadbeendrivenout,ThomasJeffersonwantedtogivesmallfarmerstherighttoacquireland

3、fornothing,ornexttonothing;Hamiltonsaidspeculatorsshouldbeallowedtoaccumulatesizeabletractsanddevelopthem.Hisviewwonout,andintheyearsfollowingtheRevolutionaryWar,theUnitedStateswitnesseditsfirstpropertyboom.SpeculatorsviedoverlandconfiscatedfromTorylandowners;developersdrewupambitiousplansfor

4、newsettlementsandtowns.Valuesappreciatedsharply,andquickfortunesweremadebeforetheboomturnedtobust.Duringthesubsequenttwocenturies,thesamepatternwasrepeatedatregularintervals.Duringthe1830s,amadlandrushbeganinwhatwasthentheNorthwestTerritories,muchofitfinancedbynewlyformed“wildcat”banks,whichi

5、ssuedhandsomenotesbuthadlittleinthewayofrealcapital.“In1836everyshiparrivingatDetroitwaspackedwithimmigrantsandspeculators,withhundredsofpassengersoftenarrivingonasinglevessel,”WillisF.DunbarandGeorgeS.Maydescribedintheir1995historyoftheWolverinestate.“LandofficesatDetroitandKalamazoowereswam

6、pedwithbusiness.Longlinesformedbeforetheirdoors,andpurchaserssometimespaidfancypricesforaplacefurtherupintheline.InKalamazooaseaoftentsandmakeshiftshacksshelteredthemenwhosoughttobuyland.”Inthe1880s,followingthearrivaloftheSouthernPacificandSanteFerailroads,SouthernCaliforniaplayedhosttoanoth

7、errealestatefrenzy,duringwhichmuchofLosAngeleswasbuilt.Fortyyearslater,theactionwasinsouthernFlorida,whichsavvydeveloperssuchasCarlFisher,whocreatedMiamiBeach,andGeorgeMerrick,whobuiltCoralGables,werepromotingasasemitropicalnirvana.(“It’sJune

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