News Archive

• Report: Nearly 1M bank foreclosures in process

• The Real Fiscal Crisis Is Yet to Come

• State of Distress: The Mortgage Foreclosure Crisis within Florida's Condominium and Homeowner Association Population

• Median Miami condo price down 30% yoy (11/25/09)

• WCI Sells its Last Condo in Palm Beach County at 70% Discount (11/19/09)

• Goldman Sachs Sells Miami Condos for $113,000 Each (1/3 of the cost of land and construction) (11/17/09)

• More Trouble Ahead for the Condo Market? (11/16/09)

• Trump sued over role in Tampa condo project (11/16/09)

• Remember that shadow inventory in the form of people taking properties off the market due to poor market conditions? Now those people are trying to sell! (11/12/09)

• Bank seeks foreclosure on failed Meridian Luxury Condominium conversion (11/12/09)

• An Aventura condo building's average unit selling price falls from $400/sf to $223/sf (11/11/09)

• Median Florida condo prices fall 34% yoy, home prices fall 22% yoy (11/11/09)

• Noisy shrimpers driving condo owners along the Miami River and Biscayne Bay crazy (11/10/09)

• MIAMI HOMES: About to get much cheaper (Special thanks to long time reader Samuel H.) (11/07/09)

• The Collapse of Florida's Fantasy Island (11/03/09)

• BofA seeks foreclosure MCZ/Centrum projects (11/03/09)

• Court win for condo buyers is significant, likely to push some developers into bankruptcy (11/02/09)

• Zalewski Watch 2009: 70% of buyers purchasing second homes/investment properties! (Can you say "rental price crash"?) (11/02/09)

• South Florida new home starts remain sluggish; in Miami Dade developers broke ground on 17 housing units in Q3 (While some bears celebrate these low numbers, I dread them. The longer the over-building went, the lower rental prices and therefore home values would go. Now that new units are no longer being built, the oversupply will eventually run out and prices will bottom in a few years - but not anytime soon.) (11/02/09)

• Miami Condo Market Heating Up Again (Ha!) (10/12/09)

• South of Fifth condo hit with $79M foreclosure (10/12/09)

• Starwood Said to Outbid Rivals by 20% in Corus Deal (Better Headline: Starwood Stupid Enough to Overpay by 20%) (10/12/09)

• Starwood Sees Payoff in Patience (10/12/09)

• MIAMI CONDO QUESTIONS: IS ANYONE LIVING IN THAT THING? WASN’T A HIGH-RISE GOING UP OVER THERE? (10/12/09)

• 'Savvy' developer sidesteps downturn (10/12/09)

• Vue creditors file Chapter 7 petition (10/12/09)

• Douche Nozzle Zalewski in documentary (10/12/09)

• Foreclosures still rising in S. Florida (10/12/09)

• Starwood Nears Victory in Corus Auction (10/12/09)

• BankUnited seeks foreclosure on office condos (10/12/09)

• Looking to Profit From a Glut of Unsold Apartments(10/12/09)

• No Way Has Housing Bottomed, Says David Levy (HAT TIP TO MIKE) (10/01/09)

• After Miami's Ritzy Bubble Bursts, Squatters Move on Up (HAT TIP TO RALPH A.) (10/01/09)

• LOWER PRICES EASE CONDO GLUT (What a surprise!) (10/01/09)

• How one household picked up nearly $5 million in mortgages for mansions (10/01/09)

• Mondo Condo (10/01/09)

• It's lonely in Condo Land (10/01/09)

• Cluster of buyers from Opa-Locka spike foreclosures of million-dollar mansions in Wellington gated community (HAHAHAH!) (10/01/09)

• Banco Popular sells 98-unit foreclosure bid on Cynergi condo (10/01/09)

• South Bay Plantation residents may get locked out of homes (10/01/09)

• Fontainebleau lenders want to force Chapter 7 (10/01/09)

• Corus Bank loan buyer could resell loans (No shit Sherlock! Zalewski is the dumbest mother fucker on the planet. What the hell do you think your local electronics store does? It buys 50 TVs in BULK and then resells them one at a time for a fucking profit! He's got a hard on for the term 're-trade' - do you mean 'flip' you fucking turd? ) (10/01/09)

• SoBe apartment complex in foreclosure (10/01/09)

• Sonesta Beach Hotel Sold, To Be Razed (10/01/09)

• Fortune sues insurer over Jade Beach fire (developers probably wanted the entire thing burned down (10/01/09)

• Median prices fell in August (10/01/09)

• If you pay taxes you just helped Canyon Ranch Condo Developers make lots of $$$$! THE US TAXPAYER IS A FUCKING CHUMP! (10/01/09)

• TradeZone Distribution Center faces foreclosure (10/01/09)

• Problems plague local condo-hotel sales in downturn (10/01/09)

• Miami Home Sales Drop 10% in August (10/01/09)

• Centre at Cutler Bay faces foreclosure (10/01/09)

• Jorge Perez runs the 'Marc Anthony and J-Lo buy penthouse" story again (Probaby gave it to the for free so that he could run this BS) (10/01/09)

• Corus Auction Promises Property 'Mark' (10/01/09)

• SEC Alleges Ex-Miami Beach 'Hotel-Condo King' Robert Falor Stole $4.6M from Investors (9/23/09)

• Realtor gets Cassandra cred despite promoting Condo boxes all along! (9/23/09)

• Florida real estate won't regain peak prices until the 2030s according to Moody's (In nominal terms this is too bearish. In real terms this is too bullish.) (9/21/09)

• Corus Bank Closure Could Help Establish Bottom for Condo Values (Unlikely!) (9/21/09)

• Some deadbeat landlords must forfeit rents to condo associations (9/21/09)

• "Option" mortgages to explode, officials warn (9/21/09)

• Behind Lehman's Big Property Struggle (To avoid subscribing: 1. After clicking the link, copy the article title 2. Paste this into Google search and hit search 3. Click the article in the results) (9/16/09)

• South Florida banks facing a new wave in real-estate crisis (9/16/09)

• Corus Bankshares' failure may be good (9/16/09)

• Hyperion bought Onyx loan before Corus failed (9/16/09)

• Corus Bank Condo Loan Purchased by Miami Developer Hyperion (Hat tip Christine B) (9/16/09)

• Corus Bank Is the Latest to Be Seized by Regulators (To avoid subscribing: 1. After clicking the link, copy the article title 2. Paste this into Google search and hit search 3. Click the article in the results) (9/14/09)

• Failure of Corus Bank puts condo loans up for sale (9/14/09)

• In Florida, Vestiges of the Boom (9/11/09)

• More trouble brewing for Wind by Neo (9/11/09)

• Ross Gets Nod for a Bank Charter - Approval Opens Door for Bid on Failed Firms, as Related Cos. Seeks Corus Assets (To avoid subscribing: 1. After clicking the link, copy the article title 2. Paste this into Google search and hit search 3. Click the article in the results) (9/11/09)

• Normandy Square condo faces 245-unit foreclosure (9/11/09)

• Best place to haggle your home price? Florida (9/10/09)

• Miami condos sink Flagstaff bank (9/10/09)

• Miami-Dade property tax appeals flood in from condo associations (9/10/09)

• Condo converter ordered to turn over 15 units to association(9/10/09)

• Condo associations turn to receivers to fight deadbeat investors (9/10/09)

• N.Y. hotelier prepares to sell Raleigh (He thinks the condo market and hotel market are going to get worse) (9/10/09)

• Money launderers love overpriced Miami condos (They're no longer INSANELY overpriced!) (9/8/09)

• Florida, Miami-Dade experiencing net outflow of population (Hat tip Francisco F.) (9/8/09)

• Idiot South American developer overpays for Sonesta hotel site (9/4/09)

• Caribbean Miami Beach gets new owner (Peter Zalewski = complete idiot) (9/4/09)

• Condo Snafu Tarnishes Plans For Man's Golden Years (9/2/09)

• S. Fla. foreclosure filings up 39% in August (9/2/09)

• Condo Group Pulled a Fast One, Man Says (9/1/09)

• Will Bulk Sales Stabilize Miami's Luxury Condo Market? (Hell no!) (9/1/09)

• This is not a joke: MORE CONDO SUPPLY COMING TO MIAMI (08/31/2009)

• MIAMI CRASH NEWS ARCHIVE

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