I think few people understand the psychosis of developers and suburbs like Charles Willeford (1919-1988). He could have invented The Big Short, I’m sorry he didn’t. This does have some brilliant passages that resonate eerily with the 2008 crisis. The more things change the more they stay the same, or some other appropriate cliche.

There were thirty four-story condominium apartment buildings in the complex that made up Kendall Pines Terrace, but only six of the buildings had been completed and occupied. The other buildings were unpainted, windowless, concrete shells. Construction had been suspended for more than a year. Almost all of the apartments in the occupied buildings were empty. For the most part, their owners had purchased them at pre-construction prices during the real estate boom in 1979. But now, in fall 1982, construction prices had risen, and very few people could qualify for loans at 17 percent interest.

“There’s been some vandalism out here,” Susan said, when she parked in her numbered space in the vast and almost empty parking lot. “So they built a cyclone fence and hired a Cuban to drive around at night in a Jeep. That’s stopped it. But some-times, late at night, it’s a little scary out here.”

There was a tropical courtyard in the hollow square of Building Six—East. Broad-leaved plants had been packed in thickly around the five-globed light in the center of the patio. and cedar bark had been scattered generously around the plants. There was a pleasant tingle of cedar and night-blooming jasmine in the air.

Susan … pointed toward the dark Everglades.

“In the daytime you can see them, but not now. For the next four miles or so, those are all tomato and cucumber fields. Then you get to Krome Avenue, and beyond that it’s the East Everglades–nothing but water and alligators. It gets too drowned with water to build on the other side of Krome, and Kendall pines Terrace is the last complex in Kendall. Eventually, the rest of those fields will all be condos, because Kendall is the chicest neighborhood in Miami. But they won’t be able to build anymore in the ‘Glades unless they drain them.”

“This apartment looks expensive.”

“It is, for the girl that owns it. She put every cent she had into it, and then found out she couldn’t afford to live here. She’s just a legal secretary, so she had to rent it out, furniture and all…” (52-53

Perhaps even more interesting, thinking Miami in terms of escaping cops…

If a man had to escape from the cops, he could only drive north or south. Only two roads crossed the Ever-, glades to Naples, and both of these could be blocked. If a man drove south he would be caught, eventually, in Key West, and the cops could easily bottle up a man on the highways if he headed north, especially if he tried to take the Sunshine Parkway.

The only way to escape from anyone, in case he had to, would be to have three or four hidey-holes. One downtown, one in North Miami, and perhaps a place over in Miami Beach. There would be no other safe method to get away except by going to ground until whatever it was that he’d have done was more or less forgotten about. Then, when the search was over, he could drive or take a cab to the airport and get a ticket to anywhere he wanted to go. (67)

Willeford, Charles (1984) Miami Blues. London: Futura Publications.