### Comment:
This is very similar to whats happening now, except Asian investors are buying and holding in AZ for much longer periods. They figure they will just wait until it goes back up to the price they want to sell it at.  
  
 http://adventuresincapitalism.com/2019/09/25/miami-real-estate-collapse/

### REPLY:
I stopped reading at condo...those fucking things are such a scam with all the associated fees. I looked at possibly getting one or two as a short term rental and noped right out real fast.

### END.