Term first coined in the late 1800s by Southerners who had Northerners exploit the cheap land during the Reconstruction. Also known as carpetbaggers. Most recently, it is used to describe Northerners who buy cheap land from Southern coastal towns, develop the area, and then resell the land for a much higher price.
Those damn scalawags are taking over Florida!
by Crazy Guy March 28, 2004