Saturday, June 30, 2007

There Is Still Hope For Miami Condo Owners.... :-)

According to the latest report from the United Nation’s State of World Population there is a trend from rural to urban areas. So maybe all the doom and gloom about the condo glut in Miami is overblown and the investors have taken a ( very ) long term vision. sarcasm off ! :-)

Der Trend in Richtung Stadt hält unverändert an. Evtl. sind die ganzen Doom und Gloom Prophezeiungen in Sachen Miami Condo Überhang total falsch und die Investoren hatten seit jeher eine (sehr) langfristige Vision.(vorsicht Satire )


It will be fun to watch at what point such a study will be used from the NAR or other desperate builder, flipper to spin things.....Then you really know how desperate the situation is

Es wird lustig zu beobachten sein ab welchen Punkt diese Art Studie von Seiten der verzweifelten Eigentümer als Argument für den Kauf von Condo´s herangezogen wird....Spätestens dann sollte allen klar sein wie ausweglos die Lage ist.

I´ll bet this guy is already using it....Dieser Typ wäre ein Kandidat.... :-)
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I´m so scared that i will considering to cover my WCI short...... :-)

Das ganze hat mich jetzt so verunsichert das ich ernsthaft überlege meine WCI Shortposition zu schließen..... :-)

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6 Comments:

Anonymous edgar said...

Moin! They are making tons o' condos as a money trap for unsuspecting foreigners. Come now you Brits, come and buy an overpriced POS condo for $1+ million, pay exorbitant HOAs, taxes, utilities, and insurance too. The state bird of Florida has been changed to the construction crane. If you visit Florida hang onto your wallet.

4:36 AM  
Anonymous edgar said...

Have you seen this? You'd be better off playing Three Card Monte with a street hustler, at least you'd get some entertainment value for your money.

5:17 AM  
Anonymous Gus said...

I was in Miami last week for a conference and you can't appreciate how screwed that city is until you take in every thing with your own eyes. I think we stopped counting the number of construction cranes at 20 just for the downtown port area. The biggest problem is that the transportation system in no way can handle that number of people living there. Not only will you be financially trapped, but physically if live/vacation there.

5:44 PM  
Blogger jmf said...

Moin,

Two Friends have visited Miami in the last quarter. They were also stunned to say the least.....

My WCI short is looking better with every building that adds to the supply :-)

10:50 PM  
Anonymous Anonymous said...

Deleting posts because you are too stupid to manage a blog? That's pathetic.

5:22 PM  
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