Luxist

Luxury condos across the U.S. are discounting left and right. If you want a condo in Miami at a great price, this is the time to buy. In fact, practically the entire state of Florida is in some sort of foreclosure crisis making it easy pickings for those from across the country and around the world looking for a real estate deal. Both homeowners who owe more than their homes are worth and developers forced to sell condos at cost or in some cases for even less than it cost to build them are ready to accept all sorts of offers. For now, the temporary bandage seems to be real estate auctions. Many of the auctions are absolute, meaning that bidders will take whatever they can get. 09/12/08