The empty Tao Sawgrass condos have become a symbol of the boom's folly.
C. Stiles
The empty Tao Sawgrass condos have become a symbol of the boom's folly.
Working as a valet at CityPlace South Tower, Don Patterson says business is painfully slow.
C. Stiles
Working as a valet at CityPlace South Tower, Don Patterson says business is painfully slow.

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"You can't sell 'em, you can't bulldoze 'em... all you can do is rent 'em," McCabe says.

That's good news for renters, but it means that sellers, developers, and banks will keep taking a hit. The industry that once promised riches to every novice buyer with cash to burn is getting a crash course in humility. Ads across the land read like this one for Villa Medici: "SELLER IS MOTIVATED! EVERYTHING IS NEGOTIABLE! BRING ALL OFFERS!"

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