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16 December, 14:21

Land buyers in Florida who participated in speculation bought

expensive land, waited for the price to rise, and sold it for a loss.

cheap land, waited for the price to fall, and sold it for a profit.

expensive land, waited for the price to drop, and sold it for a loss.

cheap land, waited for the price to rise, and sold it for a profit.

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  1. 16 December, 14:39
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    cheap land, waited for the price to rise, and sold it for a profit.

    Speculation is buying something with a risk but still hoping for profit.
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