Tuesday, March 16, 2010

Miami: it could be worse ... by gimleteye

I know. Just when you think the real estate implosion in Miami couldn't get any worse, it gets worse. With a regional mortgage delinquency rate of 28.8%, Miami is number one in the nation. But hey, look, you could own a condo on South Padre Island, Texas. This little bit of hilarity should take the edge off. Don't miss it.




7 comments:

Anonymous said...

Classic!!! What a wonderful video!

Geniusofdespair said...

Priceless, 3 cheers for the narration.

Anonymous said...

The headline is catchy, but everyone needs to put things in perspective. The same article says that Miami proper (not including Palm Beach and Ft. Lauderdale) has a 20% rate. Also, click thru to some of the other links, specifically Moodys and there is an article about undervalued/overvalued cities. Miami is 11% UNDERVALUED. I'm just sayin'.

Anonymous said...

abandominium

Anonymous said...

Here's the rest of the story on YouTube:

Ocean Tower Implosion South Padre Island

Anonymous said...

Oh, Lordy, that narration is absolutely HYSTERICAL!!!

"...the homeless people don't mind sleepin' sideways!" - lmao!

Anonymous said...

Narrator reminds me of MH