Every Winter, we come down here to South Florida to gather in and around my parents house in Del Ray with my siblings and their families who are scattered around the country.
Since arriving Thursday afternoon, I’ve sniffed about a bit and even made a few calls inquiring about residential properties specifically in Boca and Miami. Here is my initial impression…
The market is upside down, fubar, but this is no longer news to anyone. The brokers have stopped pretending that all is well which they tend to do during the initial phases of a collapse and have adapted.
Even before asking they offer stories detailing the devastation but then highlighting how well they’ve anticipated and how nimble they have been during the decline. These guys are revisionists just like the false stock market gurus I wrote about last week…
You see it as well in those free rags they publish and distribute on the sidewalk in towns such as Del Ray Beach and Boca Raton. The smarter brokers have simply incorporated the buzz words and framed their marketing in accordance with the environment.
The players have fully attenuated to the clusterfuck.
This seems like a positive sign to me and I’m thinking low ball bids for condos with great views are in order right here and right now…