This Week in Comments

Miami Beach condo-hotel targets NY buyers

1. $700 a square foot in Miami? What do they think this is — 2006? Miami real estate is still in free fall and will be for many years to come.
2. Stupid numbers for stupid people. Miami is in fire sale mode, and this project is nothing special, plus, the building was poorly built. The apartments are not soundproofed… one can hear neighbors from all angles — up, down, to the sides. Are you kidding? Please, enough sales bull.

Wometco to make Sunny Isles splash

Wometco really needs to work on Miami Seaquarium before a project like this can be done. I’ve been to the Seaquarium. The tanks are small and rusting and there is garbage in the animal enclosures. They should fix Miami Seaquarium before creating this.

A 7-bedroom, 6.5-bath condo is on the market in Miami Beach for $2,447 per square foot. Do you expect any takers?
1. Absolutely! and I expect [actress] Megan Fox to pop out of my closet naked when I get home.
2. You could buy the entire City of Miami for $2,447.

What kind of an impact will the expiration of the first-time homebuyer tax credit have on prices?
The first-time homebuyer tax credit is not the biggest issue. The rising interest rates coupled with the potential for the value of the dollar to rise against foreign currency is what will have the biggest impact.