|
I know a couple mortgage brokers here in Miami, and they tell me that absolutely nobody in the business thinks this is a bubble. They all think the prices are here to stay forever, and still going up. I was at a party last night where a broker friend said: "How can the prices in south Florida be too high, when you can't get a house in San Francisco for under $600K? It's cheap here!"
It's starting to happen in Europe too, in Zagreb Croatia prices are about the same as in Miami right now, and going up fast.
|