Swampland in Florida

The phrase originates from the common land banking scams of the 1920s, when booming "land mania" preceded the Great Depression. One of the original sellers of swampland was Charles Ponzi. Similar terms came from the early 20th century where con-men would sell landmarks to which no one owns the title such as the Brooklyn Bridge to newly arrived immigrants in the United States. The phrase about gullibility referring to those events said, "if you believe that, I've got a bridge to sell you." Though the term originates in the United States, it is now also understood and used in other English-speaking countries. == Actual value of swampland ==

The common usage of this term implies that swampland is worthless. Without development or some ability to develop it, it is not valuable for real estate purposes. There have been cases that swampland was purchased and turned into very valuable property, notably for the creation of Walt Disney World and also to some extent including many developed lands in Florida. Sometimes that is done by businesses to meet a development permit requirement to preserve some Florida land in order to build on other Florida land.{{cite news | title = Anyone got some swampland for sale? | url = http://www.bizjournals.com/southflorida/stories/1999/04/05/newscolumn2.html | publisher = South Florida Business Journal | date = 1999-04-02 | access-date = 2008-09-16 == Unseen property sale scams ==

Florida swampland scams One of the earliest swampland scams in Florida was Poinciana, a development in the Everglades that sold nearly 9,000 lots in 1925 and 1926 despite almost all of the property being mangroves and a "Shangri-La for crustaceans and mosquitoes". Advertisements for the development made many false claims about the property. The project was shut down after the development headquarters were destroyed in a hurricane. In the 1960s and 1970s, scammers used nationwide advertising to lure victims to buy Florida real estate without visiting the properties first. This technique was used notably by the Gulf American Land Corporation in the communities of Cape Coral and Golden Gate Estates, Florida (for which they were found guilty of fraud by the Florida Land Sales Board). It was a form of confidence trick. The new owners came to find their land was underwater in a swamp or in some other way impossible to build upon. As the scam became widely known, California and New York legislators acted in 1963 to restrict this false advertising. Florida also enacted the Installment Land Sales Act that year in an effort to restore its reputation. Swampland scams still occur in Florida. The Internet has brought about a resurgence via online auctions of Florida real estate. Scammers circumvent commercial registration requirements by making one-on-one sales. Over great distances some buyers can be convinced to pay before verifying claims. It usually involves unbuildable swampland misrepresented as buildable to fraudulently inflate the sale price.). The implication is that the target of the insult is not only more gullible than someone who would buy swampland in Florida, but also ignorant. Another variation of the phrase is "oceanfront property in Arizona", of which none exists because Arizona is a landlocked state. Country songwriter George Strait released an album Ocean Front Property with this variation as its title. Desert land scams Recent land sale scams have been sale of inaccessible desert land in Arizona and west Texas. The lots are sold over the Internet, and are desert properties with no access to water, no sewer service, and in many cases, are not accessible by road. == See also ==