South Florida: From Backwaters to Boom Towns
Editor’s note: In Paul’s latest piece on strategic mortgage defaulters — people who are walking away from underwater mortgages even though they can often still afford to pay — he included an excerpt of a fascinating 2007 documentary produced by WEDU called The Florida Dream.
The documentary chronicles how south Florida was transformed in the years after WWII from a sleepy, swampy backwater to the very picture of the American dream — an ‘affordable paradise,’ planned and promoted by real estate developers who descended upon the area.
Here is another short excerpt of this great documentary. You may recognize the voice of the narrator; it’s actor Ed Asner.