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: John Vosilla who wrote (81648)	7/22/2007 10:51:54 AM
From: jrhana	Read Replies (3) of 306849

I've always said that Miami is really the capital of Latin America. Therefore we should be judged by third world standards. In which case, we actually stack up pretty well. I am only sure of a few things in this world. One is that the Miami condo market is cruising for a bruising. The people who think this is anywhere near a bottom are crazy IMO. But one other thing I also know is that this whole crazy cycle will repeat itself some day. I hope to get some sort of an informal and very mini condo vulture fund going in the next few years. The timing is never easy, but I know that things happen a lot slower in real estate than in the stock market. Therefore it is not necessary to pick either the bottom or the top to do well with time. I imagine that in about 5-7 years they will be giving away some condos with spectacular views of the water. I mean they could well be giving away stuff that was selling for a million plus in the peak. I wouldn't be surprised to see those kinds of places going for 2 or 3 hundred thousand.

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