Detailed text transcripts for TV channel - KGO - 20120612:09:49:00
Houses since college. it's business as usual. for the rest of us, homeownership is at a 15-year low. property values are expected to stagnate the rest of the year after plummeting the past four years. but in cities like new york, los angeles, and miami, mini-bubbles are popping up. they are places where prospective buyers roll up in sports cars or on yachts. where the post bust real estate metrics don't apply. the hard partier took us inside the rarified miami bubble, a place populated by brazilians, venezuelans, russians and european whose seep this as a safer bet than their crumbling economi...
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