Word: florida
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Dates: during 2010-2019
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Andrew Herzberg, along with his brother Kenneth, both former investment bankers, came up with the program after seeing sales grind to a halt on thousands of newly constructed and half-built single family homes and condos in markets such as Las Vegas, Phoenix and parts of Florida. The aim is to assist developers and homebuilders clear unsold inventory, which - at least theoretically - should then help to stabilize home prices industry-wide. (See the best business deals...
...South Florida, you have literally tens of thousands of unsold units and a lot of the biggest builders see this [program] as a significant marketing tool," says Herzberg. "It gives them a huge competitive advantage in a very crowded marketplace...
...couples, eager to get their applications completed, snaked toward the Marriage Office. Many used that word in a strictly legal sense, explaining that they wanted to be married for the sake of their children's inheritance rights, taxes or hospital visits. (See a video of the fallout from a Florida gay-marriage...
...widows or other bereaved family members wanting to sell the ill-fated bikes for parts. "You're buying that bike for that reason - somebody's not coming in and buying a sports bike to go putt around town," he says. But if the bikers won't rein themselves in, Florida lawmakers may eventually be forced...
...TIME's Florida covers...