Comments on: Miami Real Estate: Could the Reality Lie Somewhere in the Middle? http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/ Miami, Miami Beach and South Beach Luxury Real Estate Blog Mon, 02 Jan 2012 03:59:50 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Miami Beach Real Estate: Are Buyers Rounding the “Fear Curve?” | South Beach Condos Blog http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/comment-page-1/#comment-900 Miami Beach Real Estate: Are Buyers Rounding the “Fear Curve?” | South Beach Condos Blog Thu, 19 Jun 2008 23:48:55 +0000 http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/#comment-900 [...] I think I have a feeling why. [...] [...] I think I have a feeling why. [...]

]]> By: Margus http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/comment-page-1/#comment-806 Margus Thu, 06 Mar 2008 17:58:28 +0000 http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/#comment-806 You tell 'em Kevin - set those freaking gawkers str8 & find us some good deals :+) Btw - what are the 6 condos you specialize in? You tell ‘em Kevin – set those freaking gawkers str8 & find us some good deals :+)

Btw – what are the 6 condos you specialize in?

]]> By: Travel Web Design http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/comment-page-1/#comment-803 Travel Web Design Thu, 06 Mar 2008 14:52:32 +0000 http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/#comment-803 I think developers will move a little slower for a few years and maybe in a two phase project hold on phase one. I think everything will be fine. People love Florida and will always come and the mistake made was giving Hybrid and Option ARM loans to the wrong people and that is all. The economy in Florida has always been that of tourist based industry with many at minimum wage and this is the problem with who bought during the housing boom they could not afford it when the ARM went up. I see luxury homes sales picking up in July when the Jumbo / Conforming loans issues are resolved. I think why so many luxury homes did suffer is that the homes got over inflated during the boom and people took ARM and intended to flip and buy in a better market and there was no market before the ARM went up. For investors and long term buyers who qualify Florida has much to offer. As always they have great beaches, parks and things to do. I love to travel there on vacation as Floridians love to travel to Georgia in the fall. I think developers will move a little slower for a few years and maybe in a two phase project hold on phase one. I think everything will be fine. People love Florida and will always come and the mistake made was giving Hybrid and Option ARM loans to the wrong people and that is all. The economy in Florida has always been that of tourist based industry with many at minimum wage and this is the problem with who bought during the housing boom they could not afford it when the ARM went up. I see luxury homes sales picking up in July when the Jumbo / Conforming loans issues are resolved. I think why so many luxury homes did suffer is that the homes got over inflated during the boom and people took ARM and intended to flip and buy in a better market and there was no market before the ARM went up.

For investors and long term buyers who qualify Florida has much to offer.

As always they have great beaches, parks and things to do. I love to travel there on vacation as Floridians love to travel to Georgia in the fall.

]]> By: Kevin Tomlinson http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/comment-page-1/#comment-802 Kevin Tomlinson Thu, 06 Mar 2008 13:40:35 +0000 http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/#comment-802 Joe, I know, I know. I kinda stay away from that stuff out of fear of recourse from the "bubble-heads." If I were to give the "good" equal time as the "bad," I would lose all credibility. It's ok though. Quiety, slowly the tide will change and the "bubble-heads" will pop, themselves, just like the Miami real estate market did in 4/2005. Joe,
I know, I know. I kinda stay away from that stuff out of fear of recourse from the “bubble-heads.” If I were to give the “good” equal time as the “bad,” I would lose all credibility.

It’s ok though. Quiety, slowly the tide will change and the “bubble-heads” will pop, themselves, just like the Miami real estate market did in 4/2005.

]]> By: Joseph Brown http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/comment-page-1/#comment-801 Joseph Brown Thu, 06 Mar 2008 13:28:29 +0000 http://www.southbeachrealestateblog.com/2008/03/05/miami-real-estate-could-the-reality-lie-somewhere-in-the-middle/#comment-801 Funny how the local gloom and doom "experts" never mention things like this... 3/6/2008 "The marketers for Mondrian South Beach claim the recent sale of a tower suite in the high-rise set a new price record for West Ave, the fast-growing area on Biscayne Bay, south of Miami. The 4,000-square-foot suite with 2,000-square-feet of terrace sold for $5 million (€3.3 million) to an undisclosed U.K. buyer, according to a company spokeswoman." http://blogs.iht.com/tribtalk/properties/roof/?p=339 Funny how the local gloom and doom “experts” never mention things like this…

3/6/2008

“The marketers for Mondrian South Beach claim the recent sale of a tower suite in the high-rise set a new price record for West Ave, the fast-growing area on Biscayne Bay, south of Miami. The 4,000-square-foot suite with 2,000-square-feet of terrace sold for $5 million (€3.3 million) to an undisclosed U.K. buyer, according to a company spokeswoman.”

http://blogs.iht.com/tribtalk/properties/roof/?p=339

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