Mish's Global Economic Trend Analysis: Flash and Fantasy; Miami Condo Boom is Back, Fueled by Foreign Buying: " . . . Prices are up nearly 25 percent from a year ago, according to the Miami Area Association of Realtors.
How did it happen? Foreign, all-cash buyers like Venezuelans, Russians, Chinese, Canadians, and Brazilians. They were either looking for a safe-haven to park their money or were taking advantage of a weak dollar. Whatever the reason, they came, they saw, they bought.
"It's mind boggling. I'm perplexed as to how all this can go forward this quickly," said Peter Zalewski of CondoVultures.
PMG's Maloney has sold 100 of the 190 units he plans to build in his "Echo" development and that is without even breaking ground. The rest he hopes to entice with flash and fantasy, which is exactly what Miami is all about. . . . "
Agenda Preview: Apr 11 2023 Miami Beach Historic Preservation Board
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MDPL’s Advocacy Committee is reviewing the following projects on the
upcoming Historic Preservation Board agenda. Here is a sneak peek of the
projects to b...
7 hours ago
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