Editorial: Who Is Building Now?

Why Boston Isn't Miami and Why Developers Are Like Sharks


And better yet, Why?, asks Boston Herald columnist Scott Van Voorhis. "Have I missed something, or aren’t we in the middle of one of the worst real estate markets since the Great Depression? " Voorhis notes that several new construction developments priced in the $400-$600k range in and around Boston are not selling. As bad as things are up there, he takes consolation in knowing he doesn't live in Miami where "they put up a new condo tower on practically every block." Through a series of self-indicting posts, local developers use the shark analogy to answer Scott's question. One guy named Marcus writes, "Developers are like sharks. They have to keep moving or die. There is no way they can recoup investments or even minimize losses on undeveloped or partly developed projects. They have to finish before they can get out."