So many of these condo projects will be cancelled - construction halted, deposits returned, developers sued - it'll be near impossible to keep up.
In Vegas, we've already seen the death of Icon, Las Ramblas, Ivana, Aqua Blue, Hard Rock, Liberty and more.
In Phoenix, there are many projects that are so horrificly thought out or overpriced that should have been stopped (Playa del Norte, The Vale, X10 Wine Lofts, ...) and in Miami a total condo disaster is about to unfold with the insane overbuilding.
So, nominate your favorite White Elephant, the most outrageously overpriced, stereotypically marketed, last-sucker-in, height of stupidity candidates here
Oh, boy, how we'll wonder "what were we thinking" just hours or days from now...
The most important question on most people's lips is - where does the line start to get the deposit back?
June 23, 2006
Posted by blogger at 6/23/2006