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Old 06-05-2012, 07:17 AM
 
Location: Miami FL
798 posts, read 1,460,032 times
Reputation: 602

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We have been buying a house since more than one year ago and every time we like one it turns out it is already taken even when they are fresh baked.

We noticed it and we decide to go further and some realtors confessed that MIami's real state is the dirtiest market u ever seen. With the huge economic debacle those companies are appearing in scene to make of foreclosures a party.

It's very touching to see the huge amount of families have lost their houses and are being bought by investors and banks like birds of prey. Sad
These companies are manipulating the foreclosures receiving more than one offer for the house like if it were a short sale. That's why those houses still appear in the listing just to attract the best offer when they just need to erase it once they get an offer for the house. Not to mention they get cash under the table to influence the buying. And I don't want to talk about those investors who usually are the same realtors who take advantage of access to some information to buy the same property to resell it. Thus, the market has turned absolutely manipulative, dishonest, and disgusting.

And now the administrations of condos are making their own party too with this new law that allows them to sequestrate a property if they are in debt. However, they don't it until to make sure there are enough offers on the property to get the first month of administration in advance and then ZAZ! they snatch from buyers. $425 in our case. And they didn't bring it us back for their refund policies. In other words, What a blatant CROOKS!

We decided not to fight since lawyers dont' take a case unless it worths 1.000 or more.

Last edited by angelscorpio; 06-05-2012 at 07:31 AM..
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Old 06-05-2012, 08:13 AM
 
18 posts, read 37,204 times
Reputation: 35
I agree well said
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Old 06-05-2012, 10:18 AM
 
Location: Plantation, Florida
64 posts, read 136,002 times
Reputation: 42
Yes. Miami has the most corrupt and dirtiest real estate market in all North America.
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Old 06-05-2012, 10:22 AM
 
Location: Up North
3,426 posts, read 8,906,713 times
Reputation: 3128
So how does one buy real estate in Miami without getting screwed?
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Old 06-05-2012, 10:31 AM
 
Location: USA
8,011 posts, read 11,401,825 times
Reputation: 3454
^ don't buy it i guess lol..
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Old 06-05-2012, 10:57 AM
 
Location: Atlanta,GA
2,685 posts, read 6,422,668 times
Reputation: 1232
Quote:
Originally Posted by Pear Martini View Post
So how does one buy real estate in Miami without getting screwed?
I guess befriend the crooks for a short time. There are plenty of them to go around.

On a serious note, get someone who has access to the information that you need, and don't get emotional about a house you're buying. This is not HGTV. Don't get pressured by people who are telling you the market is going way up by next year. That's all BS. Salaries aren't going up. Housing will go by the historical 2.5%-5% annual appreciation that it always has. Don't let some of the con artist Realtors corner you into any deals.

Good Luck. I had to come down here a few times (Here now, for a few days). My parents have been selling some of their properties in the past few months. It's a PITA, but things have moved relatively well. At their age, they have no business being Landlords. Too much stress on them and me.

The rental situation is not any better. In NY they have tenants that have been renting for over 10 yrs. In South Florida, they stay no more than 1-2 years. Too many issues in many aspects ( speaking of the South Florida R.E market).
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Old 06-05-2012, 03:17 PM
 
Location: Heartland Florida
9,324 posts, read 26,745,539 times
Reputation: 5038
Do not worry, the latest Miami Meltup will evaporate as soon as the dollar begins to crash. High interest rates will devastate the local economy and foreigners will also run for the exits. The only reason Miami is the way it is comes from the Federal Reserve and endless Bernanke Bux.
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Old 06-05-2012, 05:14 PM
 
2,886 posts, read 5,822,462 times
Reputation: 1885
Quote:
Originally Posted by tallrick View Post
Do not worry, the latest Miami Meltup will evaporate as soon as the dollar begins to crash. High interest rates will devastate the local economy and foreigners will also run for the exits. The only reason Miami is the way it is comes from the Federal Reserve and endless Bernanke Bux.
No tallrick, it's not the Federal Reseve or Bernake. It's all of the illegal money that Miami rolls with.
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Old 06-05-2012, 05:55 PM
 
250 posts, read 696,400 times
Reputation: 128
Yep... Like the old song says. Dirty Cash! Miamis theme song.

http://www.youtube.com/watch?v=WHsQUJtSlfo
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Old 06-05-2012, 07:10 PM
 
Location: Seattle, WA
2,975 posts, read 4,939,380 times
Reputation: 1227
If the realtors and HOA's don't get you, the State tax collector and the insurance executives will. You'd better believe it.
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