Is the South Florida Condo Market Going to Crash? And Why.
South Florida has a condo problem, with some communities having as much as 18 months worth of inventory. With more popping up on the skyline from Miami to West Palm Beach, it begs the question – is this growth sustainable? Or does it all come crashing down as it did in 2008? Is this simply a correction or is the bubble going to burst?
On this episode, Alex is joined by Peter Zalewski, noted real estate expert and founder of Crane Spotters and Condo Vultures, to get to the bottom of South Florida’s condo inventory surplus. What does it mean for the local economy and how will it affect the construction industry? Don’t miss this very interesting and timely podcast.
Alexander Barthet is a board certified construction attorney in Florida and holds a B.S. in mechanical engineering. He manages The Barthet Firm, a ten lawyer construction law firm in Miami, and maintains a construction law blog at www.TheLienZone.com. He can be reached at 305-347-5295 or firstname.lastname@example.org
Peter Zalewski is a nonpracticing licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Peter can be reached via email Peter@CraneSpotters.com or on his website CraneSpotters.com