It's all very well talking about falling property prices here, and a vast increase in the number of properties available there...but how about giving actual examples of some of these properties? The Miami Herald yesterday ran an article about what buyers in southeast Florida could get for around the $400,000 mark.
Some rather sleek homes are featured - take a look! Also listed are each property's annual taxes, which is useful to those trying to get a rough idea on the amount of tax they might have to pay.
Article: What can you get for $406,000? (Miami Herald, 25th May 2008)
(N.B. Article is in PDF format.)
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There are many great condominium deals in Miami Beach for the $400K price. There are even a number of approved short sales where the buyer backed out, and a new buyer could walk in at the $400K price and get what cost $675K in 2006!
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