Miami Back to Historic Price to Rent Rat...

I’ve received some questions about a chart Calculated Risk recently posted demonstrating that Miami is nearly back to 1999 price to rent ratios. Reproduced here: Convincing evidence that we are reaching a bottom? Think again. Here is the BLS rent index used to make to make the aforementioned...

Case Shiller Home Prices: Miami down 2.7...

News flash: Miami home prices crash another 2.7% (4.61 points) in one month vs. 2.2% in the previous month. Tampa prices were down 3% in one month. At this rate, we are in for a great year of price declines in 2009. I’m still expecting a full retracement to 1997 price levels (adjusted for inflation)....

Update 3: United States in Depression...

It really doesn’t matter what the government statistics say, the United States is in a depression/”decession”. The way the stats are calculated have been revised many times over the years, and if you use the old method of calculating unemployment we’re hovering around 18% (vs...

The Rise and Fall of Miami’s Realt...

The real question is, why would anyone do business with this guy? Honestly, I think he may be cognitively impaired. It’s like the NASDAQ just crashed and he can’t wait to buy more Nortel Networks stock (click for larger image): Dollar cost averaging, anyone?

Suzanne Researched This Commercial...

The Spot: A title card reads “The Debate.” We fade in on a couple standing in their kitchen, arguing about whether to buy a new house. The wife is the aggressor; the husband has his doubts. “Suzanne researched this,” says the wife in exasperation. As we’re wondering who...

Closing Rates are Immaterial...

A certain Baghdad Bob of Miami Realtors® just loves to post closing rates for condo buildings every few months. He seems to have it ingrained in his warped mind that hitting the 70% sold mark somehow makes a condo building a safe “investment”. For your consideration, I present Miami Condo...

Miami Dade Foreclosure Update for Februa...

We broke the all time monthly foreclosure record in January 2009 with 6,042 foreclosures. There seems to be a pretty consistent trend upwards. And the real insanity hasn’t even begun yet! The 2009 yearly foreclosure projection is going to be pretty noisy for the next few months until we get more...

A World Without Realtors®...

This article was originally published on this site on June 3, 2008. I am re-running it because the fantastic Dr. Housing Bubble has come to many of the same conclusions about Realtors®: I’m young, but still old enough to remember there was once a profession called travel agent. These people would...

Dubai Real Estate Crash Reminiscent of M...

Dubai is in the “no bid” stage. We all know that the “any bid” stage soon follows. And thus the collapse begins.

How to Take Advantage of Crashing Rents...

I can’t get this video embedded. Just click here to watch. The very end is the best part.

Guest Post: Miami Citizens Seeking to Mo...

Located on the southeastern tip of Florida, Miami has a booming financial and entertainment industry. Miami’s beaches and tropical weather draw thousands of tourists every year. Although Florida does not contain naturally occurring asbestos, the substance still made its way to a large portion...

The Ugly Truth: America’s Economy ...

I’m posting a brilliant essay by Dave Lindorff. Please visit his site and support this talented writer. The emphasis at the end is mine. The Ugly Truth: America’s Economy is Not Coming Back Wed, 01/28/2009 - 18:31 - dlindorff President Barack Obama and his economic team are being careful...

Real Estate Downfall...

I was just re-watching this clip and it occurred to me that I should post it. It’s a few months old, but still great: Update: I was just thinking about this clip and realized it may be offensive to some people. It has 1.5 million views and 5 stars on youtube so I didn’t think so. But if...