Boom of condo crash loudest in Miami -- OrlandoSentinel.com
Miami, with its unmatched volume and untold number of speculative buyers, is ripe for the hardest fall in the U.S. "Miami is the poster child for the condo bust," said Jack McCabe, CEO of McCabe Research & Consulting, a real-estate market-analysis firm located in Deerfield Beach. "There are probably only two cities in the world with more construction: Shanghai and Dubai. Unfortunately, there is going to be a lot of foreclosures . . ., and developers, lenders, title companies and real-estate companies will go under."