Why the Smart Money Rents in Miami

MIAMI - Maybe the smart way to play the real-estate crash is to come down here and rent.

You can live in an amazing, brand-new condo, high above Biscayne Bay, for about $2,000 a month.

And there are plenty of desperate owners who need the income. The cash doesn't come close to covering all their costs.

For this money, you can get a two-bedroom home on the 20th floor with a wraparound balcony and stunning views of the bay.

The Real Estate Prices Keep Dropping In Miami

Forbes Magazine has come out with a list of the top ten worst-selling housing markets in the U.S. And it's probably no surprise to you that Miami tops the list. Housing prices are coming down fast, but wait until you hear by how much a week.

Samantha Sharpe, like thousands of buyers, is trying to piece together our housing market.

"It's hard," said the potential buyer. "I sit on the computer everyday waiting for a new listing. There isn't much coming up but a lot going down--lot of homes on the market going down."