financial reality

Separating fact from fiction in finance and economics


Archives:

Meta:

Enter your Email


Preview | Powered by FeedBlitz

About Me:

  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Ghost town

April 7th, 2005 by InLibrisLibertas

In Fort Lauderdale today. This is our second visit in as many months after perhaps twenty years since our last visits. During that time, huge condo towers have been built, both along the beach and inland on the rivers. However, they appear to be largely empty. No cars, few lights at night. Reports from Miami have said that 85% of recent condo sales have been to speculators - oh, sorry, “investors”. The physical evidence here in Fort Lauderdale would seem to corroborate those reports.

Posted in Real Estate |

One Response

  1. Mark Says:

    This was one of the circumstances which was looked at on
    Talk of The Nation 4/6/05

    Were you able to listen?

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.