2008-03-24ajc.com

``More than 4,000 new units will be completed in both Atlanta and Phoenix by the end of the year. Developers in Miami and Fort Lauderdale, Fla., are readying nearly 10,000 total new units in a market already struggling with canyons of unsold condos. San Diego, another hard-hit region, will add 2,500 units, according to estimates provided by Reis Inc., a New York-based real-estate-research firm.'' -- At least they'll all be ready for retiring boomers in five years. No telling how many builders will go bankrupt before then, however.

Update: Russ Winter has a great post addressing all this.



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