Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (32972)	6/9/2005 7:56:26 AM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 306849

If this isn't an indication that the bubble ends NOW, I don't know what is. Friend of mine has been playing the Miami condo market. Recently sold all his properties except he best one. Put this property up for sale a few months ago an eigth of a mile down the road from a new condo development which is of lesser quality. While his condo has now been on the market for a few months, the new condo development sold out before completion for prices above his. Meanwhile his condo is still unsold. Triangulating with the conversation with another friend from California a few days ago, I bet a lot of the buyers are from out of state and have never seen the property and quite possibly never been to Miami. Sheer stupidity among buyers right now.