("Dave" wrote)
I plan on getting a Piper Cub, and offering a package vacation which
would include a J-3 checkout, sunset boat ride, and a week in a
condo/house on or near the beach in Gulf Shores, Alabama. There would be
other goodies offered such as discounts on golf (5 championship
courses), kid's stuff, etc.

In 1993 my Aunt and Uncle called my folks and told them about an
unadvertised "fire sale" on Gulf Shore, Alabama condos - on the water.
They'd been renting down there for a few winters, my folks would visit once
in awhile.

Seems the developer needed to secure x many sales of existing (or soon to be
built) units before the bank would give him funds for construction of the
next building - another one of his many 8 or 9 story condo/apt buildings on
the beech.

Folks said no thanks, we also let it pass....$45,000 - $60,000. They're
worth about $250K - $300K today!! ...maybe more.

Stupid, stupid, stupid!!

--
Montblack