Housing Doom or Housing Boom

Well, how do I start, Miami is a booming town, yes OK.  What about the real estate and mortgage industries?  What about all industries?  What about Miami tourism?  You cannot walk down the street on Lincoln Road in Miami Beach, on Ocean Drive, or any restaurants in South Beach without realizing that 80% of the patrons are TOURISTS, yes, mostly European.  I want to write about the real estate market and the mortgage market - down payment assistance was going away and all of a sudden, they're not.  FHA will be allowing 100% financing.  Reverse mortgage limits will be going up, real estate values in downtown Miami are going up or not budging down!!!  So what does that mean for you?  For us?  Yes, there are still bargains out there, but not everywhere and not in the desirable areas; and the bargains that are left are going away fast.  Who is buying and how are they buying?  The banks are not funding loans, the private lenders are not biting on anything.  Are people buying cash?  Are the Europeans buying the good deals?  I know they are looking for bargains.  The financial problems of the U.S. are broadcast all over the world.  The Euro is strong, the Dollar is losing.