Thursday December 28, 2006

“For Sale. Land, plans and permits for [a big Miami condo project]. Includes fully equipped sales center.” A great Reuters article on the popping Miami condo bubble, with lots of brain-bending numbers (77,000 condo units are still scheduled to be built in Miami; 1,900 have been canceled) along with the prediction by Jack McCabe that it may take 5 to 10 years for the prices to bottom out.

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