Stephen A. Smith
👤 PersonAppearances Over Time
Podcast Appearances
You've got 17.9% of pending home sales in Miami fell through in March, which is up, actually, basically 18% of home sales is what you have, having fallen through. So, like, you've got this kind of apocalyptic scenario in Miami real estate, which, by the way, That's our whole industry in Miami, if not the entire state of Florida.
You've got 17.9% of pending home sales in Miami fell through in March, which is up, actually, basically 18% of home sales is what you have, having fallen through. So, like, you've got this kind of apocalyptic scenario in Miami real estate, which, by the way, That's our whole industry in Miami, if not the entire state of Florida.
You've got 17.9% of pending home sales in Miami fell through in March, which is up, actually, basically 18% of home sales is what you have, having fallen through. So, like, you've got this kind of apocalyptic scenario in Miami real estate, which, by the way, That's our whole industry in Miami, if not the entire state of Florida.
What I mean is that as the real estate industry goes and particularly the condo market goes, so too goes our economy. And we'll get into that. And it's going to be a problem nationwide. But remember, in Florida in 2007, a year before the Great Recession. Florida's economy started to slip. So we are the canary in the coal mine. We are the bellwether for economic trends. And this is a major one.
What I mean is that as the real estate industry goes and particularly the condo market goes, so too goes our economy. And we'll get into that. And it's going to be a problem nationwide. But remember, in Florida in 2007, a year before the Great Recession. Florida's economy started to slip. So we are the canary in the coal mine. We are the bellwether for economic trends. And this is a major one.
What I mean is that as the real estate industry goes and particularly the condo market goes, so too goes our economy. And we'll get into that. And it's going to be a problem nationwide. But remember, in Florida in 2007, a year before the Great Recession. Florida's economy started to slip. So we are the canary in the coal mine. We are the bellwether for economic trends. And this is a major one.
And we have with us Michael Smith, co-author of that book. Artikel. He's a national reporter for Bloomberg News, headquartered out of their Miami office. Even though you wouldn't know it, it looks like he's in Guantanamo. If you can see him on the video here, he has a beautiful view of a gray wall with some peculiar electronic devices on the wall. It's all very unpleasant.
And we have with us Michael Smith, co-author of that book. Artikel. He's a national reporter for Bloomberg News, headquartered out of their Miami office. Even though you wouldn't know it, it looks like he's in Guantanamo. If you can see him on the video here, he has a beautiful view of a gray wall with some peculiar electronic devices on the wall. It's all very unpleasant.
And we have with us Michael Smith, co-author of that book. Artikel. He's a national reporter for Bloomberg News, headquartered out of their Miami office. Even though you wouldn't know it, it looks like he's in Guantanamo. If you can see him on the video here, he has a beautiful view of a gray wall with some peculiar electronic devices on the wall. It's all very unpleasant.
I hope there blink twice if you need help, Michael. We'll send somebody for you. But Michael, tell us really what you're saying here. The thesis of this article is that There's a compounding effect here when you have a community like Miami, which is 50 percent foreign born.
I hope there blink twice if you need help, Michael. We'll send somebody for you. But Michael, tell us really what you're saying here. The thesis of this article is that There's a compounding effect here when you have a community like Miami, which is 50 percent foreign born.
I hope there blink twice if you need help, Michael. We'll send somebody for you. But Michael, tell us really what you're saying here. The thesis of this article is that There's a compounding effect here when you have a community like Miami, which is 50 percent foreign born.
When you have people from other countries, Canada, South America, Europe, who ordinarily come here both as tourists and with their flight capital to establish either second residency, temporary residency, full time residency. That ain't happening right now because of Trump's immigration policy. So tell me what impact that appears to be happening here. auf dem Miami-Markt.
When you have people from other countries, Canada, South America, Europe, who ordinarily come here both as tourists and with their flight capital to establish either second residency, temporary residency, full time residency. That ain't happening right now because of Trump's immigration policy. So tell me what impact that appears to be happening here. auf dem Miami-Markt.
When you have people from other countries, Canada, South America, Europe, who ordinarily come here both as tourists and with their flight capital to establish either second residency, temporary residency, full time residency. That ain't happening right now because of Trump's immigration policy. So tell me what impact that appears to be happening here. auf dem Miami-Markt.
Okay, so it's only the buyers and the sellers then. It's only the sellers and the landlords who are concerned about selling or renting to immigrants and the immigrants themselves who are concerned about renting or buying. But otherwise everything's fine, is what you're telling me. So you've cited some anecdotal evidence here, but there is some data Das ist ein nationaler Trend.
Okay, so it's only the buyers and the sellers then. It's only the sellers and the landlords who are concerned about selling or renting to immigrants and the immigrants themselves who are concerned about renting or buying. But otherwise everything's fine, is what you're telling me. So you've cited some anecdotal evidence here, but there is some data Das ist ein nationaler Trend.
Okay, so it's only the buyers and the sellers then. It's only the sellers and the landlords who are concerned about selling or renting to immigrants and the immigrants themselves who are concerned about renting or buying. But otherwise everything's fine, is what you're telling me. So you've cited some anecdotal evidence here, but there is some data Das ist ein nationaler Trend.
Jeder Markt, Real estate oder der Markt, der auf Tourismus oder Außerirdischen basiert, wie Florida, ist das nicht. Und lasst mich klar sein. Die Real estate Industrie generiert fast ein Quartal von Floridas ökonomischer Aktivität. Mehr als in jedem anderen Staat. Und es gibt viele Realtors in dem Staat von Florida und besonders in Südflorida. Aber übrigens.
Jeder Markt, Real estate oder der Markt, der auf Tourismus oder Außerirdischen basiert, wie Florida, ist das nicht. Und lasst mich klar sein. Die Real estate Industrie generiert fast ein Quartal von Floridas ökonomischer Aktivität. Mehr als in jedem anderen Staat. Und es gibt viele Realtors in dem Staat von Florida und besonders in Südflorida. Aber übrigens.