Why Miami's Condo Frenzy Is Coming to an End

The video discusses the impact of a strong US dollar on real estate, particularly in Miami, where an inventory glut is observed. It highlights the role of foreign buyers, especially from South America, and how currency exchange rates affect their purchasing power. The current slowdown is compared to the 2008 financial crisis, noting that developers have shifted risk to buyers, making them less likely to walk away. Current real estate prices are also discussed, with some properties selling for less than pre-construction prices.

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