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Another Place Nobody Goes Anymore 'Cause It's Too Crowded
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Miami Beach, 20 years ago, was THE place to be. So they built more condos and retail space and jacked up the rents through the roof. Now, they have a lot of vacant storefronts, Ocean Drive has been handed over to rowdy tourists who don't tend to spend a lot of money except on drinks, and even the European and South American tourists who used to come for long vacations have moved on. Some of the local leaders are in denial, but it's what you get when developers think that the good times will never end and they can just keep raising prices. You can't price everyone out of a market. (Miami Herald)
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