Study: Clouds Lifting Over Miami's Condo Market..?? (Kendall, Coral Gables: real estate, foreclosures)

[Coconut1]

Originally Posted by KasperFile

Sorry don’t buy the hype, especially when the articles or blogs your posting doesn’t allow Apposing Comment on the peace.

IMHO south fl especially the Miami condo market has a long way to go to reach their Organic Economic values. All this propaganda is from Realtor and asset holders to try to keep the suckers buying on decreasing assets and dwindling commissions .

What's the saying? "Be fearful when others are greedy, and be greedy when others are fearful"

[SoCal35]

Originally Posted by KasperFile

Sorry don’t buy the hype, especially when the articles or blogs your posting doesn’t allow Apposing Comment on the peace.

IMHO south fl especially the Miami condo market has a long way to go to reach their Organic Economic values. All this propaganda is from Realtor and asset holders to try to keep the suckers buying on decreasing assets and dwindling commissions .

Not sure which article you are talking...the "original post" links to a study by a very reputable repuation for doing quality non-biased research. If you read the entire study....they are by no means saying Miami is out of the woods yet.

[Wild Style]

Originally Posted by KasperFile

Sorry don’t buy the hype, especially when the articles or blogs your posting doesn’t allow Apposing Comment on the peace.

IMHO south fl especially the Miami condo market has a long way to go to reach their Organic Economic values. All this propaganda is from Realtor and asset holders to try to keep the suckers buying on decreasing assets and dwindling commissions .

Bingo

no amount of silly self serving articles will change the reality on the ground. Downtown is still empty and those buildings still look less than half lit at night.

[SoCal35]

Originally Posted by Wild Style

Bingo

no amount of silly self serving articles will change the reality on the ground. Downtown is still empty and those buildings still look less than half lit at night.

All due respect...but did you actually READ the article?

The occupancy rate for dowtown condos is pegged at about 68%...that is NOT empty.

Moreover, the article is making no claims for a brisk recovery...it is saying that after several years of pain there are signs of stabilization.

No study is perfect but they at least have a methodolgy...it's called market research. Your research appears to based on looking at the skyline at night and making a judgement on pure hunch.

[gixxer1000]

Originally Posted by SoCal35

All due respect...but did you actually READ the article?

The occupancy rate for dowtown condos is pegged at about 68%...that is NOT empty.

Moreover, the article is making no claims for a brisk recovery...it is saying that after several years of pain there are signs of stabilization.

No study is perfect but they at least have a methodolgy...it's called market research. Your research appears to based on looking at the skyline at night and making a judgement on pure hunch.

I agree with you mostly just wanted to point out one error.

The current occupancy rate is pegged at 74% not 68%. 68% is the percentage of condos that have been sold. But because some developers are currently renting out units that they have never sold 74% of the units are actually occupied. Of the 74% (16,415 units) that are occupied 52% (8,511 units) are renters and 48% (7,904 units) were owners.

Another thing to note is that this study was put out in March but the information is current up until December 09. At that time they were leasing over 300 units per month and selling over another 300 units per month. So the current occupancy rate is higher than the 74% published in this study.

Here is the actual study from MiamiDDA:

http://www.miamidda.com/pdf/Goodkin-...pt-Mar2010.pdf

[SoCal35]

Originally Posted by gixxer1000

I agree with you mostly just wanted to point out one error.

The current occupancy rate is pegged at 74% not 68%. 68% is the percentage of condos that have been sold. But because some developers are currently renting out units that they have never sold 74% of the units are actually occupied. Of the 74% (16,415 units) that are occupied 52% (8,511 units) are renters and 48% (7,904 units) were owners.

Another thing to note is that this study was put out in March but the information is current up until December 09. At that time they were leasing over 300 units per month and selling over another 300 units per month. So the current occupancy rate is higher than the 74% published in this study.

Here is the actual study from MiamiDDA:

http://www.miamidda.com/pdf/Goodkin-...pt-Mar2010.pdf

All great points...thanks for posting the actual/full study!

[KasperFile]

Then why talk it up here in a public forums, I mean come on if their such great deals that will only go up why don’t you keep the opportunity Hush HUSH and buy in yourselves ?

it’s all hot air this time next year heck even within the next 6 month those condo will likely lose another 25 to 30% IMHO..

GO ahead and get them before their gone,, LOL

[gixxer1000]

Originally Posted by KasperFile

Then why talk it up here in a public forums, I mean come on if their such great deals that will only go up why don’t you keep the opportunity Hush HUSH and buy in yourselves ?

it’s all hot air this time next year heck even within the next 6 month those condo will likely lose another 25 to 30% IMHO..

GO ahead and get them before their gone,, LOL

Actually many bulk buyers have made on average about 25% in the recent months buying these condos in bulk and selling a portion of them months later. If I had $15m I would pick up 80 unit. Prices are currently stabilizing and starting to rise. There's 0% chance that prices will be 30% lower in 6 months but that's beside the point.

The reason people are excited is not because they think they are going to get a great deal on a condo but instead because this shows that there is indeed more and more people living downtown. As the downtown population grows so do business needed to support that population. Downtown added over 40 business last year during a time when most places were losing business. And more business are now starting to stay open transforming downtown to a 24/7 destination.

http://www.miamidda.com/pdf/Downtown...etail_2009.pdf

[KasperFile]

wow your rely trying to push your cool-aid aren't you? again buy one those so called great deals then publish the address and will re hash this thread a couple months down the road to see if your right or wrong.

anyway good luck with your Promotion propaganda, your certainly going to need it..

[Coconut1]

Originally Posted by KasperFile

Then why talk it up here in a public forums, I mean come on if their such great deals that will only go up why don’t you keep the opportunity Hush HUSH and buy in yourselves ?

it’s all hot air this time next year heck even within the next 6 month those condo will likely lose another 25 to 30% IMHO..

GO ahead and get them before their gone,, LOL

Originally Posted by KasperFile

wow your rely trying to push your cool-aid aren't you? again buy one those so called great deals then publish the address and will re hash this thread a couple months down the road to see if your right or wrong.

anyway good luck with your Promotion propaganda, your certainly going to need it..

And it's Kool and you're.

As I said before,
"Be fearful when others are greedy, and be greedy when others are fearful"