It's been hard to miss the headlines touting Miami's remarkable real estate recovery.
The buyers are from all over the world, but mainly Central and South America. The cocaine cowboys produced a booming violent metropolis in Miami during the 1970s and the Mexican cartels are injecting plenty of cash into the Miami economy in today’s new era. “Some are buying just because they’re wealthy,” said Peter Zalewski of CondoVultures.com, an online data firm specializing in the condo market. “The Mexican drug wars have brought a lot of money into Miami.”