[stevenwoo]

Miami Beach is one of the more precarious positions worldwide and the real estate market there is barely reacting to it with high elevations now commanding a slight premium over prior years even in poor areas. It looks like we collectively are only going to react after the fact even if some of us are worried about it individually.

[brewdad]

As a wise neighbor of Seinfeld once noted, if Miami ends up underwater they'll just write it off.