The Scary "B" Word: Will Investors Create a Downtown Austin Cond...

Courtesy AustinTowers Downtown Condo Blog  Mon, 12/03/2007 - 12:05am

Much has been written about the condo bubble in southern Florida, especially the dramatic rise and fall of the Miami condo market.

Between 2004 and 2006, condos were being snapped up by investors and quickly flipped for a profit long before buildings were completed.

As more and more investors joined the fun, condo units would often change hands like pork bellies -- and other dangerously volatile commodities -- many times before construction was complete.

For a couple of years, condo...


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