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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (36920)	7/25/2005 2:32:02 PM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

I see new high end condo developments in SoFlorida still 80%+ vacant that were completed six months ago. Everything was sold out yet few of all those vacant units in MLS for rent or sale. I wonder is it that empty and with such a low percentage of those units being currently marketed for sale or rent in San Diego, Boston, DC or Seattle? Part of the best research anyone can do if you live in your bubble market is see what percentage of recently completed condos are actually occupied and report your findings. I get the impression a lot of the empty units are waiting to be flipped by many now veteran preconstruction flippers who are leaving that game and holding out for an opportune time to sell it without flooding the market at once or avoid triggering the 'no flipping for 12 months' clause with the developer.