Real Estates Black Hole Miami Condos 2008 To 2010

[Reaver]

Orlando is not as bad as Pensacola though, let me be the first to tell you.

 

[the gardner]

yes its crowded with sellers....sellers everywhere...and not one buyer even if they could get a loan

 

[Pa(b)st Prime]

Quote from Trader5287:

What's the tourist season look like down there this year?

Anyone care to report?

It's been packed. Perfect storm of dollar lows and super cold winter up north. Nothing kills this place in tourist season more than January 60's in Jersey.

 

[ElCubano]

Quote from Drock409:

I live on south beach and everyday its stil PACKED HERE (kinda annoying)

but you definatly hear a lot of italian, german, french...more so than anyother year i've been here (almost 7 years)

i used to live on 15th and bay in a white corner house across from what is the flamingo now...also on 11th and pennsylvania behind the police station....my crazy ass days; slinging and taking taxis everywhere....

 

[Cutten]

Quote from Pa(b)st Prime:

Last night I drove down Collins all the way to 5th and A1A was jammed from as far north as Hallandale.

Some guy must've been selling a studio, and 5000 realtors from all over Florida rushed to get their first commission of 2008.

 

[esmjb]

im at 3rd and collins renting a new rehab. lot of air in the market here still. place i looked at last week sold for 695K last year is on market for 589k now. original owner paid 300k in 2004. another year like this and i will throw some bids out.

 

[the gardner]

venezula could be terrorist state...if so fewer buyers in miami...

 

[the gardner]

miami values continue to crash ....my thesis is unfolding exactly as originally forecast...........g