Condo Fiasco

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September 2007
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Archive for September, 2007

Enough insanity! Here’s some more.

Here I am trying to sell my condo and getting nowhere. Maybe there is something to learn from these guys. I’ve compiled a list of outrageous but creative ways to make money which gave me an idea of my own.
Lunar Embassy
I was watching a program about the moon and lunar exploration. [...]

Can it get any worse?

Auction on condos reveal 50% price reduction on condo.

Miami is ‘Crane City’

OMG! Just read an article that refers to Miami as ‘crane city‘. According the article there are 50 new buildings still in construction! Many of the builders are auctioning more and more. I am trying to get the going prices of properties that have been sold at auction…I’ll post them if I find them. If [...]

Plaza website back up

Interesting how the official website for the plaza went back online. A friend of mine was telling me that contractually, they have an obligation to market the building. The website is an important marketing tool…they probably realized that lawsuits might ensue and put the site back up….good move Related…

Want to buy some parking now?

I just got a letter in the mail from The Plaza on Brickell asking me if I wouldn’t be interested in buying ‘the use of additional covered parking spaces’. Sure… let me dish out some more money into the pit. Outrageous.

Developer on Brickell Ignores Housing Crisis

I just read an article about builder Renzo Renzi who is trying to add 150 units to the Beacon at Brickell Village. They mentioned our beloved Plaza:
“Plans to enhance come as Brickell’s condo e supply is to soar from 5,348 units to 12,299 by the end of 2008. Two projects —The Related Group’s [...]

Investor buying condos at 70% of market value

I just read an article about Joseph Long who is putting together investors to raise $700 million and go on a real estate shopping spree in south Florida. According to one article, he already proposed to buy a bunch of condos at a 30% discount but was turned down since the builder preferred to [...]

US Market stinks…Related Group looks abroad

I just read this article about how our builder is working on projects abroad.