After Charley - Punta Gorda

[Dee Dee]

What do you think?

Charley Offers Lessons in Real Estate Marketing

PUNTA GORDA - A Red Cross helicopter couldn't have swooped in here much faster than real estate speculators did last month.

Twenty-four hours after Hurricane Charley nearly flattened this coastal city of 14,300, signs offering cash for damaged homes had sprouted on roadsides and telephone poles. Similar pitches began appearing in local newspaper ads.

 

[Tawfik Ahdab]

Speculative madness!

Greed preying on devastation.

Thieves at work everywhere.

 

[Walter Kirk]

I knew an investor years ago who bought property in the Liberty City area of
Miami after the riots. His reasoning was that he could make a profit by buying from owners who wanted to get out and reselling when the neighborhood was repaired.