Argentines Park Their Money In Miami

[mraccountant]

I wouldn't hold my breath on a 80 story luxory (sic) tower actually being built in Miami...

There's already a 70 story tower, over a dozen 50 story towers, and multiple 60 story towers being made as you type your post. You may not hold your breath, and not believe it, but it doesn't mean it's not true.

 

[scotttswan]

Nice chart. Argentina is Massachusetts: that's so fitting. A mostly low-income region surrounding 1 giant metropolitan port city where all the jobs, money and snobs are. Buenos Aires and Boston both have a nostalgia/inferiority complex for a time at the turn of the 20th century when they were considered to be on top of the heap, before falling on harsher times. Although this wasn't the aim of the chart, they seem to have nailed it.

Boston has better beer.

 

[Matt84]

no employment? no buying power? only small investors from Latin America? not sure where you are pulling this information or "facts" from, but those types of over generalizations are extremely misguided and simply not true.

unless of course you meant "small investors" and "retiring people from the east coast" are investing in 50, 60, 70 and 80 story luxory towers in Miami...

http://miami.curbed....tall-status.php

It's the American Riviera. Russians used to buy in Miami too when they had money. The only other place with an acceptable climate and international enough would be Southern California and... they don't allow to build too many tall buildings next to the beach in California.