Fresh fears for real estate as horrifying study sparked by condo collapse threatens to sink the American dream
Many Americans dream of owning a slice of beachside paradise, but residents of one of the glitziest stretches of coastline suddenly have a terrible sinking feeling. Investigators are sounding the alarm that many luxury high-rise buildings on Miami's barrier islands are rapidly disappearing into the ground, with 35 said to be at risk of sinking further. But that hasn't stopped developers from building, or wealthy buyers from snapping up multimillion-dollar condos, even in the wake of the Surfside collapse in 2021.
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