Quote:
Originally Posted by kenc
It does look like Dubai, but I just don't buy into the claim that all these units, rented or purchased, will be occupied by the end of 2008 so "all is fine". I love Miami. I think it is the most International city in North America with the exception of New York, (actually Manhattan). But that fact will not fill the 60K apartments about to come on line.
And to be a major downer.... eventually a class 5 Hurricane is going to hit the City, and the value of those high rise units will plumment from 500k to the highest bidder at auction as people realize Miami is a short term investment at best.
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Can I get you on speed dial ? Next time I have a party, and we get to happy, I need to have a way to get in touch with you, pronto.