Every condo market is different. Miami, in particular, has been known for over-development spurred by speculative investors. As the market appreciated rapidly, the same buyers kept snapping up more and more speculative units. When prices fell, these investors were left holding the bag. The Miami market with it's thousands of unsold units has led to a new investment model: bulk investment. In this model, bulk investors or bulk vulture buyers take the pressure of developers by negotiating to purchase multiple units at deeply discounted prices. Often, these investors or investment partnerships purchase 5 or 10 or more units . . .
