[BUIZILLA]

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Areas like Miami that were growing 20-30% per year in value have just suddenly very rapidly leveled off. The article said people who were waiting in line for 6 weeks at one Condo place that was under construction to get a unit last year now have a buyers market. Now there are vacanncies everywhere and "Vulture Capitalist" groups are the hottest investment trend being formed today. Groups of people are forming these "vulture capitalist" groups with $$ to buy properties at upcoming foreclosures for cheap.


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I've lived in Miami for 50 years, and this above statement is FAR from the truth. Whoever made this statement, doesn't have a clue what they are talking about around here.
Jim