60-70% of Miami sales are to foreigners looking to park cash safely away from their socialist masters. 90% of those deals are all cash.
Did not know that.
I`ve been keeping an eye on LV and the vast majority is private institutions scooping up foreclosures and immediately re-listing for 50 - 100% more than the purchase price. It`s pure speculation out there right now. An attempt to try make it look like individuals are buying hoping you take the bait and hand the real estate holders huge profits off their flip.