GoFuckYourself.com - Adult Webmaster Forum - View Single Post - The Real Estate Market is Dead - Luxury Hi-rises dont move at all ! ! !

wonderman · 03-08-2006, 08:20 AM

Raven, I think that the luxury hi rise segment here in Miami is dead. Other parts of the market maybe not but that is the segment that I was invested in but have now sold all of them. Today I am buying old two story building located near or on the beach. They are doing great. I can get them for $230 sq/ft, fix them up and sell at $350 sq/ft. The luxury hi rise go for $400-500 sq/ft today and I don't think I can get that in a resale today.

03-08-2006, 08:20 AM
wonderman So Fucking Banned Join Date: Jan 2006 Posts: 282	Raven, I think that the luxury hi rise segment here in Miami is dead. Other parts of the market maybe not but that is the segment that I was invested in but have now sold all of them. Today I am buying old two story building located near or on the beach. They are doing great. I can get them for $230 sq/ft, fix them up and sell at $350 sq/ft. The luxury hi rise go for $400-500 sq/ft today and I don't think I can get that in a resale today.