Sex, Taxes and Real Estate Scams in Miami

[donsu]

http://counterpunch.com/farago06152007.html


Sex, Taxes and Real Estate Scams in Miami
The View from a Construction Crane


Miami developers, whose condominiums are nearly completed, could tap into a new source of revenue based on a news report from the Florida coastal town, Punta Gorda.

There, police arrested a couple having sex atop a 100 foot high construction crane. “The man, who worked at the site and had keys to the crane, told officers he was photographing the city skyline.”

For the foreseeable future, renting out crane cabs for sex would generate a higher percentage profit than selling condominiums in unfinished buildings.

What is happening to Miami real estate markets and its skyline dotted with cranes atop unfinished condominiums is both predictable and terrifying.And because it is terrifying, not a single elected official is copping to responsibility in the unfolding collapse, spurred by their blind enthusiasm for zoning and permitting decisions and the influence of campaign contributors and the bill-by-the-hour development lobby.
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the important word here is 'terrifying'

[acmavm]

1. Where did they think all the people were going to come from?

How many condos can you sell to the elderly?

F**k, everyone's unemployed or underemployed.

[shain from kane]

2. Construction worker's idea of the mile-high club?