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Do you think that downtown SD is bad? I think that SD is due 6000 more condos.
Look at Miami.
http://abcnews.go.com/Nightline/Story?id=3362215&page=1
The situation in Miami is also a classic case of oversupply. From 1995-2005, 10,000 new condo units were built in Miami, and in the next two years another 20,000 units will be completed.
