“The only thing that is constant in this world is Change.” The saying may be simple, but it is absolutely correct. It is a testament to how inconsistent the world is. When it comes to business the same applies, changes are constant and everything moves around changing places, sometimes you are at the top, sometimes you are at the bottom, but most of the time you are in the middle waiting to get in. early. to make that quantum leap to reality. In Miami, flipping houses and real estate is what experts call a cycle. A vicious circle, I might add, and a very inconsistent one.

Last year we witnessed the changes, the ups and downs of the market itself, this year the predictions were set and the experts spoke, overall Miami ranks #1 for the stormiest forecast in the nation for its real estate, and who is taking the hit? Well surprise, surprise is the business from home. With the obvious residential decline in the city, investors are shying away from putting their money on the table, why? Because you’ve been reading the papers and the forecast says it’s going to be a gloomy season for homebuilders due to the overbuilding of condominiums in your area. It is quite rare that something like this happens, because first of all there are not many people who are willing to spend thousands of dollars on a condo unit, and practical residential houses should be the first choice of buyers, but still the so-called ” experts” advise investors to build skyscrapers until Miami can be seen everywhere.

As condo construction demand is at an all time high, concerns are circulating as to whether these newly built and near built condos are practical, because there are still over 20,000 units on the listings and sources told me there are another 20,000+ that for sale. progress that makes us hope that there are at least 40,000+ buyers who will break into Miami-Dade County and buy condos, and unless the Miami Heat and Miami Dolphins win championships in their respective sports, there still won’t be enough buyers to occupy those units. The truth is that Miami homes are struggling, foreclosures are rising by the hour, home loans are hanging by a thread, and investors are trying to ride the trend, so there will be more and more “For Sale” signs. that will be welcome on the screens of the owners. grass. The lack of jobs is also affecting the market and the killer economy going nowhere but down is also a big concern.

The consequences of this excessive condo building can go either way, success or failure is not a sure thing, but it will go either way and right now failure has a commanding advantage unless success makes a historic comeback. . LL’s “Momma said Knock You Out” background music by Cool J will still be heard with the lines, “Don’t call this a comeback, I’ve been here before…” So let’s be wise and just note that the jury has spoken and the nerds are in, it will take time until Miami real estate shouts a battle cry, until then we will just have to be ready.