South Florida. “Mountains of homes” for sale
Bob Morris @ Feb 22nd 2007 00:23 - Category: Unfiled
This bubble done popped. Average time to sell for houses in South Florida is upwards of 16 months. For condos, it’s a jaw-dropping two years. Plus, 11,500 new condos are coming this year with 15,000 more next year.
Yet another example of the boom and bust nature of capitalism where the rich get richer, often by feeding on the carrion of the poor.
No Comments »
Leave a Reply
Comments subject to deletion at whim of capricious webmaster. Disagreements are ok. Flames, trolls, and right-wing attacks are not. If your comment doesn't appear immediately, then moderation is on, thus there's no need to re-send it.
(However sometimes the anti-spam programs here go awry. Email us if your comments seem to vanish into the void.)
