Comments for Miami Condo Fiasco

Comment on About Me by Mike Jones

Mike Jones — Wed, 07 Jan 2009 00:23:28 +0000

Don’t walk away from that Condo, you need to run. Obama is promising “Change”. That’s exactly what you are going to get. Everyone will have change, change in your pockets.

Comment on Condo Vultures by Dragana

Dragana — Sat, 27 Dec 2008 16:04:30 +0000

Hello!
Yes, maybe I am ready! Or, almost ready — I have been looking carefully and trying to find the place to move form Charlotte, NC. I spent 1 year in Miami when market was high, so I can compare the prices. I would like to buy form seller directly, avoiding all agents, vultures and sharks!
Please let me know WHERE is you apartment?
Thanks
Dragana Males

Comment on About Me by Dan

Dan — Fri, 10 Oct 2008 01:54:46 +0000

I love Miami very much but I must say that all the R/E sales and investment reps are eating their words now. The ignorance is unbelievable. Miami condo market is overpriced and over built. Period!! 25-30% drop in prices 2008-2009 is the beginning. Daniel Perez’s comment is a prime example of ignorance of markets and overall common sense. Good luck Miami and see you soon in four years.

Comment on About Me by carlos

carlos — Thu, 02 Oct 2008 03:11:07 +0000

miami as a whole is a giant cess pool, and brickell is full of dimwitted brats whose mommies and daddies cater to their every need. fuck the whole thing and get out. the people who think the market will recover in 3 years are sorely mistaken (typical blowhards who will justify their “investment” until they go broke). fact is, you bought into the hype and now you must pay or wait a whole decade at best. good luck, asswipe.

Comment on On local news last night by ted

ted — Tue, 09 Sep 2008 11:44:58 +0000

“Plaza on brickell is doing great.”

Ha! Delusional buyer. Have any sold lately for anywhere near what you paid? I think not.

Comment on On local news last night by joe

joe — Mon, 07 Jul 2008 00:41:50 +0000

Dude before you put money down you should have financing secured. you obviously wanted to profit from it and sell it later for a bigger price.
so the prices went south and you lost. so swallow it like a man. stop trashing everybody else. plaza on brickell is doing great. it is just your problem that you got burned

Comment on Recovery plan by One Ford Road

One Ford Road — Mon, 30 Jun 2008 17:11:24 +0000

I agree. Walk away. Buying would be a foolish decision.

Amanda <3

Comment on On local news last night by W.C. Varones

W.C. Varones — Sun, 08 Jun 2008 19:02:44 +0000

So what’s the conclusion? Did you walk away? I think you’ll be glad you did.

Comment on FAQs by Mo

Mo — Sun, 08 Jun 2008 10:47:47 +0000

I made a website to help prevent others from falling victim to Realtors. It details the Miami real estate crash: http://www.miamicondoforum.com

Comment on About Me by slugbelch

slugbelch — Thu, 05 Jun 2008 21:46:06 +0000

I live in Ft. Lauderdale (Tamarac) and at $285k (with $30k down), your payments will be $1,600/month and an additional $1k will be for everything else (insurance/taxes/etc.). I bought a 3 bedroom house/garage with a huge front and back yard for the same price 2 years ago. Only 10 min to the beach, big deal. Miami is indeed getting bad. I have been following all this down here and everybody is saying that bottom around here won’t hit until late 2009/2010 at the very least. People are starting to get another house while they are low $ and their credit is good, then short sale or dump or walk away the high price one. The only snag to all this is that banks are now much more stingy to give out money. I went to refinance one day and they all told me that whatever loan you get, you need to come up with 20% for starters. That has now become a basic requirement from banks down here.

In every industrial park you enter here, there are “For Lease” signs on nearly every building. People and companies are indeed getting out of here because they see no future with the high cost of living getting even higher. Fixed income people “the elderly” have experienced a huge drop off from moving down here. Don’t see it changing anytime soon, at least for another 5 years to notice any change for the better.

Get out of Miami and get out fast.

Comment on On local news last night by sorry dude

sorry dude — Thu, 05 Jun 2008 16:39:30 +0000

Arent you concerned that when you walk away, that you may ruin your credit for years to come?

Comment on About Me by William

William — Thu, 05 Jun 2008 11:51:07 +0000

sure you would……

Comment on About Me by Nick Alkof

Nick Alkof — Thu, 05 Jun 2008 01:38:49 +0000

miami is a friggin dump id rather be starving in Africa then live in Miami

Comment on About Me by William

William — Thu, 05 Jun 2008 00:05:58 +0000

I don’t see why we have to go and trash each others cities…we are all part of the U.S., sure some floridians got a little greedy and got the “hot potatoe” but surely the lesson has been learned? I’ve been living here for over 40 years and have run into many visitors and never see them complain about our great food, coffee, cigars, clubs or beaches. Miami has a unique cultural diversity that I think would be hard to replicate in Indiana? Indiana…..doesn’t even sound right. I’m sure its a great place but when your in Miami you know your somewhere special, now whether you visit or participate in its dark side is just a matter of choice. I’m sure I could find any of the local drugs and thugs in Indiana or any other state if you look for them. It’s only money my friends, you can get more! At least your sitting at home on your computer taking pot shots at each other……think about it, you could be in Iraq, starving in Africa or locked up in Cuba for trying to feed your family??? 70g’s just not that important!

Comment on About Me by Nick Alkof

Nick Alkof — Thu, 05 Jun 2008 00:00:30 +0000

Reply to Marcela Mancinni
Comment from Marcela Mancinni
Time: May 27, 2008, 8:03 pm

what planet do you live in that a 1/1 condo in miami rents for 1700. im sorry but you are the biggest sucker for buying in especially at a time like this. Italians most be the biggest idiots.