The trend -moving cash from stocks to Miami Beach Homesg

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The trend -moving cash from stocks to Miami Beach Homes

Saturday, June 06, 2009

Over the past six months,  I have seen affluent buyers from all over the world allocating a portion of their wealth to a vacation home or condo in Miami Beach.

The stock markets were the "safest" place for long-term investment until 10 months ago.

Many people who lost a portion of their net worth in something intangible (stocks) have decided they may as well have their cash invested in something very tangible and enjoyable:  a South Beach Home they can visit and loan to their friends for vacations - be sure to charge them a cleaning fee ;)

 

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