I just want to know how property prices can skyrocket when there is nobody buying them just a bunch of banks and people with tricks up their sleeves. It makes no sense to me at all. There are houses that were worth $200,000 8 years ago and now are selling for $1,000,000. This is especially evident here in miami. These homes arent even in nice areas, the crime rates are high and the houses are old as hell. And they have 10 million problems. Most of these homes should be demolished. No buyers yet extremely high prices? These dumbass homeowners think they will get top dollar, and are stubborn and wont sell there home for less. While these realtors sit around and encourage them. Dont you think that something here should change?!?! Do you think that real estate in the US and here and miami will plumett. Is now the time to buy a house?