Vultures smell drop in hot Florida condo market - Yahoo! News
A handful of real estate entrepreneurs are forming "vulture capital" funds to pounce on what they call an inevitable downturn in an exploding south Florida real estate market fueled by foreign buyers searching for safe havens and aging baby boomers looking to downsize and move closer to the coast.
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Fred Pilot sent this. Condos get hit first when the economy hits the skids, or in this case when/if the real estate market goes sour. Are all those stories I've linked to over the last year or so about $350,000 condos being much in demand in California and Florida the precursor to the collapse of an overpriced market?