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Thursday February 14, 2008
BankUnited has a blacklist of condos they will write NO mortgages for, and they’re not alone. The lists are apparently based on buildings that have a rapidly falling values and a high investor concentration.
Doesn’t the list basically include every fucking condo in Miami?
Wow! I have to agree with Duran. It does seem like every condo development in Miami is included on that list.
This is clearly a case for why Miami needs to re-invent itself as a rental friendly city. Ownership comes with maturity, and we all know now that Miami is simply an adolescent city in comparison to LA, NYC,Boston, Paris, San Francisco.
www.rentrollandreason.com