So Miami and Miami Beach were front and center today on CNBC and the Today Show. I brought together video segments from today’s coverage for my readers. I’ll let the videos, good and bad, do the talking.
Here’s my official comment on the Miami real estate market:
The developers did overbuild, thus creating an oversupply, but is that such a bad thing? A wound was created on the Miami real estate market by the gold rush mentality of the real estate developers, and it is ok. Do you know why it’s ok? Because the wound will heal and Miami will still have the sexy allure that NO other city in the US has.
As many of you may know, I tell the good AND the bad. I was watching the Today Show and they did a GREAT segment on Miami and our unprecedented growth as a city, and why all will, eventually, be ok.
Also, one thing I would like to clarify: Miami and Miami Beach are two completely different markets. Comparing Miami real estate to Miami Beach real estate is like comparing the Upper East Side of Manhattan to the Bronx.
The CEO of my firm, Ron Shuffield, was interviewed by Carl Quintanilla of CNBC. The subtitle for the segment is: One can buy five condos on Miami beach for the price of one in Manhattan, reports CNBC’s Carl Quintanilla. They were clearly talking about Miami condos NOT Miami Beach or South Beach condos.
Search Miami Beach real estate here
Categories: Miami Condos, Miami Real Estate
13 Responses to “All You Ever Wanted to Know About the Miami & Miami Beach Real Estate Market: A Video Round-up”
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South Beach Food & Wine Festival, Miami and Miami Beach Take Center Stage on National TV Says:
February 22nd, 2008 at 11:13 pm[...] Check out the rest of the national TV coverage of Miami & Miami Beach real estate at The South B… [...]
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Miami Condo Market Highlighted by the Major Media Says:
February 23rd, 2008 at 2:50 am[...] Tomlinson, of the South Beach Condo Blog, hit a home run yesterday with his post entitled “All You Ever Wanted to Know About Miami & Miami Beach Real Estate: A Video Round-up“. The “Today Show” was in sunny Florida yesterday morning to report about the [...]
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The Media & Miami Real Estate: Are There Any Editors Out There? » South Beach Condo Blog Says:
March 3rd, 2008 at 3:22 pm[...] proper does not have ANY beaches. Miami and Miami Beach are two completely different cities. Combining Miami and Miami Beach as one real estate market is like combining New York City and Newark, NJ, as [...]
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Miami Real Estate: Could the Reality Lie Somewhere in the Middle? » South Beach Condo Blog Says:
March 5th, 2008 at 10:28 pm[...] the writer, all of the above seems “reasonable.” As I’ve mentioned before, we still have a while to go before things get better stabilize. There is no doubt that the market, [...]
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Miami Beach Real Estate: Are Buyers Rounding the “Fear Curve?” | South Beach Condos Blog Says:
June 20th, 2008 at 9:14 am[...] More on South Florida real estate here Bookmark this to: del.icio.us · Digg it · StumbleUpon · Email This Post Posted by Kevin Tomlinson on June 19th, 2008 Categories: Market Statistics, Real Estate News [...]
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February 22nd, 2008 at 3:52 pm
Fantastic post! If there were a “Miami Best Blogger Post of the Year Award” I think this would at least get second place. Keep up the good work!
February 22nd, 2008 at 3:53 pm
I’m happy with second place. I’m even happier that I can continue to pay my mortgage!
February 22nd, 2008 at 5:16 pm
Great post Kevin! I agree Miami Beach is Miami are two completely different markets but there are definitely some great deals on the Downtown/Arts District side - in a select few buildings.
February 22nd, 2008 at 7:14 pm
Samir
Hey! Start blogging them so people know about them! I don’t know ANYTHING about anything across the bridge. I’m like Carrie Bradshaw –if I ain’t on “the island,” I ain’t interested.
February 23rd, 2008 at 2:53 pm
With real estate condominium developers finding themselves in severe financial difficulties triggered by the economy, a new breed of developers is feasting on the pioneers who led in the shaping of the Magic City. This new breed is the successor developer who is better described as the “clench developer.” The most infamous example is The Grand condo in Miami which, created by the genius of visionary developer Tibor Hollo, creator of the multi-use condo concept, wound up in the pockets of Québecois real estate promoter Pierre Heafey who made a deal with the banks that held title to this beautiful multi-use condo on the shores of Biscayne Bay. Heafey, who tested the clench developer concept successfully in Canada, with associate Gino Falsetto already added the Grove Garden Residences in Coconut Grove and the South Beach condo-hotels, The Bentley and Hilton Bentley Miami/South Beach to their portfolio, and more are targeted.
What is a “clench developer?” The clench developer is not satisfied with buying a condo unit at a bargain price. His object is control of the inner workings of the condo — the condominium association with a majority vote grip over the board of directors. He accomplishes his feat under the pretext of completing and saving the project.
March 5th, 2008 at 3:11 pm
Hmmmm, I wonder if MSNBC received permission to use the Monopoly board and cards. They are trademark protected. Great article Kevin.
March 5th, 2008 at 3:12 pm
Wow! Hawkeye Laurie Manny.
March 5th, 2008 at 10:42 pm
Kevin, I am just catching up with my reading now. This is fabulous. Well said and illustrated.