Miami is well....Miami. Don't live there and wouldn't want to. They saw gains alot like SoCal because everyone "had to be there". Wouldn't surprise me if they did take a hit. My area is more single fam homes, older folks coming to retire on the beach, and the prices cont to climb. The housing boom really has been driven by baby boomers, retiring and/or money to invest etc. I think that until the boomers start to decrease in numbers (significantly) there will be an inadequate number of housing units. That will take a while, maybe 15 yrs. And by then who knows whether the pop of the country will be growing. Furthermore, people continue to look at homes in a different light than a pure investment. Just my .02.
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Peter
'79 930, Odyssey kid carrier, Prius sacrificial lamb
Missing
997.1 GT3 RS
nil carborundum illegitimi