I hope you're right about it not being that overbuilt, I definitely don't want to see a crash there. I keep reading about tales of the average condo changing hands 18 times before move in and of that activity slowing down. I also know a great deal of office space was being taken up by companies coming in to develop new real estate - it kind of felt like a pyramid scheme in a way.
In its similarity to South Florida, I think the overall fundamentals of the market are great. Unfortunately, the supply came in all at once and now there's going to be a glut until the market catches up.