Friday, February 29, 2008

Bottom Fishing in South Florida

No, when I say "bottom fishing in South Florida," I'm not talking about a nice charter boat in the gulf stream hunting for sea bass. '

I'm talking cheap condos!

Yes, the attractive South Florida condo market is overbuilt and like almost everywhere else has gone bust.

But the Wall Street Journal's online real estate pub has a great article about the new cottage industry this has spawned for snatching up discounted properties:

See: Florida Bust Spawns Vulture Culture

And if you're interested in getting into the South Florida market, I've got access to a few off-the market opportunities from builders that are trying to unload before they go bust.

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