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What will happen with real estate market in miami...
Old 12-01-2009, 11:50 PM   #1 (permalink)
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Default What will happen with real estate market in miami...

...florida within the next 2 years?
 
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Old 12-02-2009, 12:40 AM   #2 (permalink)
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This I think is a good question. I think the market will bust/reset it's self due to rising interest rates. Once the interest rates go back up people will stop paying those crazy prices because no one will be able to afford it, expect maybe the rich. There for causing the demand for property to plummet, in turn people will lower the prices of there property. At that point they may be taking a huge loss if the choose to sell.
 
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