Canary On The North Beach Towers: Miami Condo Prices Plunge 48%

Finally, the lenders start to panic and force fire sales. Miami was the biggest bubble crash in the last real estate bust, averaging 52%. It will be higher this time. The market is dominated by even higher “faker luxury” condos. Larger with more flamboyant features. Those are the hardest to unload when prices drop, says Kuppy’s lending friend.

 

 

 

 

 

 

https://davidstockmanscontracorner.com/?p=354124&preview_id=354124&preview_nonce=8f5bf7cafe&preview=true