about 70,000 condo units are planned, under construction or newly finished in Miami proper, home to fewer than 400,000 people. Builders need early deposits to get construction loans, so they work hard to entice the buyers they covet - image-conscious people, many from Latin America and Europe, with money to burn on a second home, a speculative investment or a status symbol.Great moments in real estate speculation.New York Times.
Sunday, May 22, 2005
Salsa Dancers and Stunt Men? Must Be a Miami Condo Project
Sometimes you have to be creative and throw a party to move something.In the Miami area :