Real Estates Black Hole Miami Condos 2008 To 2010

Once you get a little offshore anywhere along our coasts, there's no real difference time wise to run into Boston, or NYC, or Philly for instance. Not a real big difference in the bearings either - that's what always freaks me about hurricanes when they start spooling up way out in the Indies - not many degrees separates the Yucatan hit from the US hit.
 
Quote from BigGun:

Florida Condo and Pre-Construction contract legal actions continue to gain momentum

http://www.depositrecoveryservices.com/2007/09/florida-condo-and-pre-construction.html

miami will go down..
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No shit sherlock, you should come to miami and see the huge glut of towers and cranes in areas that have no reason to have condos to begin with. And at prices that would indicate they were 5th avenue locations. After 6:00PM there is no where to go outside those condos.
 
now it looks as if miami will not hit a btm untill mid 2011

cme contract prices show that traders expect prices in the miami metro area in november 2011 to be down 28 percent from the mid 2007 level

g
 
Quote from The Kin2:

Excellent News, Miami will be flooded with new residents due to its more reasonably priced housing.
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the problem is that it is virtually impossible to obtain homeowners insurance anywhere in South Florida and it is a serious deterrent right now.

Oil/Metals/Grains going higher, dollar weaker and real estate lower is one of the most serious signs of recession.
 
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