Riptide was feeling all warm and fuzzy this morning. No, it wasn't just from all the vodka in our coffee. (What, like you don't start your day with a little 'Russian java'?) Flickr / CC BY-SA 2.0The latest employment numbers came out this morning, and it looks like our Kanye-on-the-VMAs-esque dis ... More >>
Whenever the national media parachutes into Miami to write about our Chernobyl disaster of a condo market, they usually turn to one man, our own cheerful soothsayer of real estate doom.It's Peter Zalewski, founder of the delightfully named Condo Vultures. The former Daily Business Review reporter is ... More >>
Exploring the wreckage of South Florida's condo meltdown.
Bryan Sereny via Flickr CCRenters have revived the Miami condo bust, the Herald reported today, but we're not really buying it. According to our favorite daily, 62 percent of new condos built since 2003 "are inhabited by humans." When did that number become a good thing? And what about all the near ... More >>
Is anyone enjoying the housing implosion? You betcha.
An epic condo bust can't burst his bubble.
Think things are bad? It's about to get a whole lot worse. So said 60 Minutes last night during a piece about the mortgage meltdown and pending Grapes of Wrath-style doom that faces us all.Long story short: A second mortgage disaster is on the horizon, and no place will be hit harder than Miami-Dade ... More >>
On this foreclosure tour, the mortgage crisis is just another money maker.
It's the tops in Florida. And the banks are eating it up.