Yep, Looks Like The Bottom is in.

Fuck, now I would really like to remember who were the dumb fucks lecturing me about how there will never be a shortage of housing in Miami and how the people waiting for Castro to die will buy up all the real estate.

Fucking idiots. :D
 
``Have you been to Miami lately?'' Florida Governor Charlie Crist said at a homebuilders' conference last week in Orlando. ``It's like we have a new state bird: the building crane.''

:D
 
``Have you been to Miami lately?'' Florida Governor Charlie Crist said at a homebuilders' conference last week in Orlando. ``It's like we have a new state bird: the building crane.''

as far as the eye can see.... its pretty amazing...the only ones making money are the crane operators...
:D
 
About 10-20 minutes from where I am LUXURY CONDOS continue to go up at a record pace. It does not stop, you would think these fools would learn already that there is a GLUT of housing on the market and that building the way they are is only going to continue knocking down prices. There is no bottom until 2010 the earliest.

Also I think the housing stocks could fall another 20-30% and thats after I made the prediciton 6-8 months ago that they were going to fall 25%.
 
Quote from TheDudeofLife:

I suspected Pabst had a few million $$ tied up in Miami RE investments.
More...

:p :p :p :p :p :p :p

Quote from Pa(b)st Prime:

I disagree.

Ever see a picture of Sau Paulo or even modern Chicago and Toronto?

Miami STILL lags in construction.

IMO, in twenty years Miami will be far more developed than today.

I laugh when bears on Miami point to the dozen or so cranes downtown. So what. 12 new buildings x 300 units equals what? Less than 4000 apartments? Oh my gosh!! What calamity! How can Miami possibly add a massive 4000 new residents?

These buildings are a drop in the bucket compared to the demand from South American, European, Canadian and New York buyers.
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