Miami's Mega Metro Bubble

Miami's real estate market is red hot with 65,000 condos in some stage of development. Is this a bubble, or is Miami truly densifying?
August 19, 2005, 5am PDT | Chris Steins | @urbaninsight
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"About 65,000 condominium units are either under construction, approved for building or in some stage of the permit process. Most of these condos are in Miami's long neglected downtown area. A small studio apartment can cost $200,000; the posher developments, with names like Icon, Onyx and Nirvana, throw champagne parties for prospective buyers to inspect the marble-packed kitchens, fancy spas and waterfront views."

Thanks to John Koch-Schulte

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Published on Thursday, August 18, 2005 in The Economist

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