http://www.orlandosentinel.com/business/orl-condobust2707aug27,0,2001796.story
"Just how many other speculators face the same dilemma in the nation's most glutted condo market will become clear during the next two years. That is when 25,000 new condo units, most of them rising in or near Miami's downtown, will flood an area already saturated with 23,000 condos listed for sale. An additional 40,000 units have been approved, but analysts doubt the majority will break ground."
23,000 condos on the market today, and another 25,000 coming in the next 2 years?
Holy sh*t.
"Just how many other speculators face the same dilemma in the nation's most glutted condo market will become clear during the next two years. That is when 25,000 new condo units, most of them rising in or near Miami's downtown, will flood an area already saturated with 23,000 condos listed for sale. An additional 40,000 units have been approved, but analysts doubt the majority will break ground."
23,000 condos on the market today, and another 25,000 coming in the next 2 years?
Holy sh*t.
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