April 11, 2006

FLASH: And the Pets.com Housing Bubble Award goes to....


Compare this today on their site:

Stay Tuned, Folks!

We've decided to postpone the introduction of our new search engine until June 1, 2006. We're doing this for a few reasons:

The Miami real estate market is currently sitting in an unusual "holding pattern",and we found that while there are a growing number of units for sale, the buyers seem to be waiting to see what will happen

With this write-up in November 2005:

Mark Zilbert of Zilbert Realty Group of Miami Beach launched www.condoflip.com in July. He said he has collected listings on thousands of units over the past four months.

"We've seen interest from buyers, brokers and developers of entire projects," said Mr. Zilbert, "but by far the most interest has come from developers."

"I plan to grow the business to 25 Realtors by the end of the year," said Mr. Zilbert, "and I plan to recruit a further 25 in the spring. I'm getting interest in the site worldwide. The other night, I took a call at 10:30 p.m. from New Delhi."

6 comments:

Anonymous said...

A few months ago, the second headline was "Bubbles are for bathtubs"

David said...

"Or did they mean Condo Flop?"

They might have as the letter 'i' is right next to the letter 'o' on the keyboard.

David
http://bubblemeter.blogspot.com

Anonymous said...

The banks and eventually taxpayers will be left holding the bag just like back in the 1980's S&L scandal.

Anonymous said...

I'm getting interest in the site worldwide. The other night, I took a call at 10:30 p.m. from New Delhi."

Yeah I talk to New Delhi all the time too. Everytime I need to talk to someone in customer service.

Outsourcing baby...YEAH!!! Oh, wait scratch that...

Anonymous said...

Look at the other condo flip sites from their "partner" or sister sites. The one i was most suspicious of was the site for the "baths". Look at the sales data. All buy two were sold and closed the same day during a one week period in December last year. Foreigner with cash? I doubt it.

Anonymous said...

We've decided to postpone the introduction of our new search engine until June 1, 2006.
We're doing this for a few reasons:
Reason # 1 for delaying the condo flip section was great!:

"The Miami real estate market is currently sitting in an unusual "holding pattern",
and we found that while there are a growing number of units for sale, the buyers
seem to be waiting to see what will happen"