article “The Big Glut-Trouble in Paradise” didn’t help
rattled nerves when it outlined that prices and sales have already
slumped by up to 40% in some areas, and that second home sales now
made up 40% of the U.S. market. The article also told how while 10,000
condominium units were built over the past ten years in Miami-Dade
County, 50,000 units are currently under construction or soon to
commence with another 50,000 currently in the planning stages.