No one ever went broke investing in Florida real estate.  Well, OK, no one ever went broke selling a little piece of a Hurricane Alley project to John Doe in return for another piece of a project from Richard Roe, who took the money to buy a sliver from Jane Smith who had acquired it from Mary Jones, former wife of John Doe who ended up with it in their divorce.  

Everyone in Florida is honest, and when they file bankruptcy they get to keep their mansions.  That's why OJ Simpson moved there, and I understand others from New York have made the move recently also.