Quote:
Originally Posted by Altoic
If I had to guess it's not financing. Florida law allows for developers to use up to 90% of deposits (up to closing) for construction costs. Only 10% needs to be put into an escrow. Sales have been successful with the developer (to my knowledge) having extensive funding and experience. Miami's luxury residential market is much more robust and active than other faltering markets. Of course anything can be happening behind the curtains and my words should be taken with a grain of salt.
|
Miami’s market has actually fallen quite a bit. Its short-term COVID-era boast has vanished. I suspect that buyers here and at Waldorf will be out of luck.
Threaded Mode