The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: jrhana who wrote (81634)	7/21/2007 10:42:42 PM
From: John Vosilla	Read Replies (1) of 306849

It is about the strangest place I've ever seen. Such stunning beauty coming in from the ocean side, such extreme divergence of wealth and poverty on the mainland in and around downtown, a third world barrio in many respects outside of the business main business district and the beaches.. Only the wealthy from South America who still don't own there in a depreciating dollar environment are going to support these expensive condos near term. Long term Miami is destined as the Hong Kong of the Americas.. Meanwhile a whole generation of investors gets wiped out this cycle waiting for it too happen.

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