If you want to see the madness and the grisly aftermath of the U.S. housing boom and bust, look at Florida. It's not alone. Vegas, Phoenix, San Diego, Detroit -- they've all got horror-story numbers now. But the biggest home price drops in the country were in Miami last year.
Empty condos, collapsing values. The heart of the Florida meltdown -- in Miami, the southwest, the Gulf Coast -- could be Exhibit A for what went wrong in American real estate.
The condo vultures are out now. And there's a story to tell.
This hour, On Point: Florida real estate, and the great American meltdown.
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Wayne Archer, executive director of the Bergstrom Center for Real Estate Studies at the University of Florida
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Peter Zalewski, founder of Condo Vultures, a real estate investment consulting firm
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Mike Larson, real estate analyst for Weiss Research
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Susan MacManus, professor of political science at University of South Florida
