Comments on: Welcome to Miami’s Condo Bust http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/ Learn, Network, Invest Sat, 11 Feb 2012 23:51:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MatthewPhttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-78629 MatthewP Wed, 10 Feb 2010 16:52:34 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-78629 Anyone have any statistics on price development in Miami? I've been receiving mixed messages when speaking to brokers. I wonder if prices are bottoming now? Anyone have any statistics on price development in Miami? I’ve been receiving mixed messages when speaking to brokers. I wonder if prices are bottoming now?

]]> By: DBhttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-74085 DB Sun, 11 Oct 2009 00:54:53 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-74085 With the recent downturn in the economy I feel it's a positive sigh that new condos are being built. Hopefully in the next few years the real estate market will rebound here in the US. With the recent downturn in the economy I feel it’s a positive sigh that new condos are being built. Hopefully in the next few years the real estate market will rebound here in the US.

]]> By: Toronto condoshttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-52999 Toronto condos Mon, 17 Dec 2007 14:07:05 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-52999 As far as I am concerned a condo is always a good investment, let it be in Miami or Vancouver but you should consider when and how you want to use it. If you are not there permanently you can rent it out and make money on it or at least get the money needed for paying the installments. As far as I am concerned a condo is always a good investment, let it be in Miami or Vancouver but you should consider when and how you want to use it. If you are not there permanently you can rent it out and make money on it or at least get the money needed for paying the installments.

]]> By: Lionelhttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51112 Lionel Tue, 11 Sep 2007 14:58:31 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51112 Indeed Xavier it will benefit,...all those investors will make a lot of money if they can hold but will they be able to? were they sold a dream or a real door open to a new future...will 5 year /10 year be enough to remodel biscayne blvd the right way w the right transit? Indeed Xavier it will benefit,…all those investors will make a lot of money if they can hold but will they be able to? were they sold a dream or a real door open to a new future…will 5 year /10 year be enough to remodel biscayne blvd the right way w the right transit?

]]> By: Xavierhttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51109 Xavier Tue, 11 Sep 2007 02:40:01 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51109 There's one person like Gerard on this page, but thousands throughout Europe and Latin America. That's one reason why Miami's where it is: Foreign interest and investment. Miami's market may fall the hardest, but that's only because it rose the highest--during the housing boom. The city has been altered significantly because of the construction surge and will benefit in the longterm. There’s one person like Gerard on this page, but thousands throughout Europe and Latin America. That’s one reason why Miami’s where it is: Foreign interest and investment. Miami’s market may fall the hardest, but that’s only because it rose the highest–during the housing boom. The city has been altered significantly because of the construction surge and will benefit in the longterm.

]]> By: Gerard Winterhttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51082 Gerard Winter Fri, 07 Sep 2007 19:01:11 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51082 Love to get my hands on a cheap condo. I live in Europe, but want to move to Miami. Love to get my hands on a cheap condo.
I live in Europe, but want to move to Miami.

]]> By: Adam Sniderhttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51060 Adam Snider Wed, 05 Sep 2007 20:28:28 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51060 So I guess if I wanted to move to Miami, now would be the time to do it---just as long as I don't plan on selling the place anytime soon.As Tom said, even in a booming market, that's a huge number of units to sell. So I guess if I wanted to move to Miami, now would be the time to do it—just as long as I don’t plan on selling the place anytime soon.

As Tom said, even in a booming market, that’s a huge number of units to sell.

]]> By: Carmel Real Estatehttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51057 Carmel Real Estate Wed, 05 Sep 2007 14:39:34 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51057 I used to live in Orlando and almost fell for this myself. Thank God I had enough sense not to buy. Even being a real estate professional it is hard to ignore the hype and take an unbiased look at what is really going on. I used to live in Orlando and almost fell for this myself. Thank God I had enough sense not to buy. Even being a real estate professional it is hard to ignore the hype and take an unbiased look at what is really going on.

]]> By: Las Vegas Guyhttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51055 Las Vegas Guy Wed, 05 Sep 2007 05:59:53 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51055 See the same thing here in Las Vegas. BUT we still have over 5,000 people moving here a month and its one of the top vacation destinations in the world. See the same thing here in Las Vegas. BUT we still have over 5,000 people moving here a month and its one of the top vacation destinations in the world.

]]> By: Andy Murrayhttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51029 Andy Murray Sun, 02 Sep 2007 23:02:40 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51029 I see a similar situation occuring in the UK also, seems to be loads of these "condo" style buildings going up. I see a similar situation occuring in the UK also, seems to be loads of these “condo” style buildings going up.

]]> By: Tomhttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51019 Tom Sat, 01 Sep 2007 22:17:46 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51019 That's insane. Even if it was a booming real estate market, thats an awful big number of condos to sell. That’s insane. Even if it was a booming real estate market, thats an awful big number of condos to sell.

]]> By: NM real estatehttp://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51018 NM real estate Sat, 01 Sep 2007 18:26:01 +0000 http://www.biggerpockets.com/renewsblog/2007/08/30/miami-condo-boom-crashing-hard-the-glut/#comment-51018 Good point, Roger. I'd also be interested in hearing some more case studies for other regions. Good point, Roger. I’d also be interested in hearing some more case studies for other regions.

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