Miami was hit hard by the real estate crisis—harder than any major U.S. city save Las Vegas. Experts said it would take decades to sell all the condos that had been built on South Beach during the bubble. But young locals took advantage of the brief dip in real estate prices, moving into a neighborhood that just a few years ago was out of reach. But the southern tip of Miami Beach is still an international playground for vacationers from across the globe, and visitors from the Caribbean and Latin America fill the streets and shops. Wine Spectator's Mitch Frank reports.
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