Is anyone doing the florida condo market right now? How’s business down there?
I would not recommended condo investments in south Florida.
I live in Downtown Miami and half of the building are 80% empty. Huge inventory. Condo association in very bad shape with unit owners defaulting on condo fees.
Last thing you want is to buy a property with enormous assessments due to default owners.
12.5% unemployment.
BAD, BAD, BAD…
If you can afford to buy and hold, some single family homes may be worth the long term investment.