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Miami's Downtown Comes Alive as Condos Fill With Young Renters

By Implode-Explode Heavy Industries

"The 7,000 unsold condos in Miami?s core -- a symbol of a building boom that collapsed and dragged the city into recession -- are filling up and giving life to neighborhoods that previously closed after dark. New, year-round residents are cramming into restaurants, nightclubs and bars that didn?t exist a few years ago, and enjoying a lifestyle made possible in part by developers and banks seeking to recoup losses by renting luxury dwellings until the market recovers."

Full post as published by Mortgage Lender Implode-o-Meter on July 13, 2010 (boomark / email).