Condo Vultures offers on a massacre of South Florida condo values: "Here is a list of some of the biggest discounts in the Vultures Database™ on short sales, foreclosures, and bank-owned condos in Miami-Dade, Broward, and Palm Beach counties. For more information on these properties, please contact Condo Vultures® Realty LLC at 305-865-5629."
Aventura: Condo on the bay discounted 72 percent.
Bal Harbour: Bank-owned, oceanfront condo discounted 43 percent.
Bay Harbor Islands: Bayfront condo reduced 83 percent.
Coconut Grove: Condo reduced 72 percent.
Coral Gables: Bank-owned condo discounted 48 percent.
Eastern Shores: Condo on a canal discounted 31 percent.
Fisher Island: Oceanfront condo reduced 59 percent.
Key Biscayne: Condo reduced 45 percent.
Miami: Condo on the bay discounted 86 percent.
Miami Beach: Condo discounted 67 percent.
Miami Gardens: Condo reduced 50 percent.
Miami Shores: Condo on a canal reduced 33 percent.
N. Bay Village: Condo on the bay discounted 75 percent.
N. Miami: Condo discounted 77 percent.
N. Miami Beach: Bank-owned condo reduced 78 percent.
Sunny Isles: Oceanfront, luxury condo reduced 69 percent.
Surfside: Oceanfront condo discounted 60 percent.
Dania Beach: Condo reduced 37 percent.
Ft. Lauderdale: Oceanfront condo discounted 76 percent.
Hallandale: Condo reduced 62 percent.
Hollywood: Oceanfront condo discounted 69 percent.
Pompano Beach: Condo on the intracoastal reduced 71 percent.
Wilton Manors: Condo discounted 48 percent.
Palm Beach County:
Boca Raton: Condo reduced 49 percent.
Boynton Beach: Condo reduced 66 percent.
Delray Beach: Condo discounted 58 percent.
Hypoluxo: Condo discounted 46 percent.
Palm Beach: Condo on the intracoastal reduced 40 percent.
Riviera: Bank-owned condo reduced 50 percent.
West Palm Beach: Condo discounted 85 percent.
The cratered values show part of the economy in a deep traumatic shock and comes on the heels of a statement by the Latin Builders Association in their magazine, Proyecto, against Amendment 4, Florida Hometown Democracy. When Florida Hometown Democracy, Amendment 4, passes, local voters will be able to vote on changes to their communities' comprehensive development plans. The Latin Builders Association claims "a loss of 267,247 high wage jobs" according to a study by the Washington Economics Group. But the lobbyist for the builders manage to neatly avoid the role of their association in pushing behind closed doors for changes to zoning and permitting that resulted in so much overdevelopment in South Florida, substantially contributing to the great recession. The LBA's tag line, "If you liked the recession, you'll love Amendment 4" is silly. Count on voters, whose taxes are going up, whose property values are plunging, to sort out that the interests crying wolf about Amendment 4-- giving voters a chance at direct democracy-- are exactly the ones who opened the barn door to let in the wolves in the first place.