The New Miami Condo Market: Goodbye Investors? – Wall Street Journal (blog)
Related also plans to finance much of its new projects by unconventional means, requiring buyers to pay more than 70% of the cost of building their condos before closing, instead of just a 20% down payment on the property, …
http://blogs.wsj.com/developments/2011/06/10/the-new-miami-condo-market-goodbye-investors/