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Peter Zalewski, a principal with the consulting firm Condo Vultures® LLC and a broker with the Florida licensed real estate brokerage Condo Vultures® Realty LLC , provides useful tips and strategies for capitalizing on the real estate correction. Want To Speak With A Vulture? Call 1-800-750-0517.

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New Michael Moore Movie Criticizes Condo Vultures®
Friday, 02 October 2009 08:19
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Condo Vultures® founder Peter Zalewski is preparing to be criticized on the big screen with tonight's Miami premiere of award-winning director Michael Moore's new film "Capitalism: A Love Story."

Moore, who calls capitalism "evil", profiles Zalewski and his opportunistic brokerage firm that specializes in buying up and reselling distressed properties in the new documentary. Moore's film examines how Wall Street greed combined with the Bush administration's policies permitted the 2008 financial meltdown to occur, clearing the way for companies such as Condo Vultures®  to benefit.

"Several scenes in the movie involving Zalewski have fueled the ire of West Coast movie reviewers and bloggers," said John Fakler, the executive editor of CondoVultures.com. "But the way Zalewski sees it, what has transpired in South Florida and the rest of the nation is 'Straight-Up Capitalism.'"

Condo Vultures® Realty, the sister company of  Condo Vultures® LLC which operates CondoVultures.com, is featured in the first half of the new film that explores corporate greed in America.

Zalewski will be on hand for a question-and-answer session following the screening that begins at 7.30 pm Friday, Oct. 2, at the Sunrise Cinema Intracoastal Mall theater on 163rd Street in North Miami Beach immediately west of the Intracoastal Waterway and Sunny Isles Beach.  

Discounted tickets and concessions will be offered to Condo Vultures® patrons at the door. An RSVP is required.

An after party is scheduled immediately following the showing of the two-hour movie. The after party (and Q&A session) will be held at 10 pm at Racks Italian Bistro, located at the opposite end of the movie theater. The restaurant and bar features outdoor seating on the Intracoastal Waterway for all guests. There is no charge for the after party. There will be a cash bar, appetizers and a 25 percent discount for groups.

In a one-on-one interview, Zalewski addresses the real estate crash and corresponding foreclosure meltdown in South Florida.

"Whether people want to acknowledge it or not, opportunistic buyers are playing a crucial role in helping the housing market to stabilize in certain parts of South Florida," said  Zalewski, a principal with the Bal Harbour, Fla.-based real estate consultancy.

Condo Vultures®. "As long as these would-be vultures transact business legally, ethically, and above board, we see no harm in them buying distressed properties that at one time were people's homes.

"Remember, today's opportunistic buyers are not the individuals or corporations to blame, per se, for the fact that many home owners overleveraged themselves thanks to the easy financing available during the boom."

For more details about attending, please contact CondoVultures.com's Fakler at 305-865-5629 or jfakler@condovultures.com.

 
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Are you an investor trying to capitalize from a real estate correction? Do you want more insight into the strategies and concerns of condo developers and lenders? Are you looking for better ways to identify over-leveraged owners desperate to sell? Condo Vultures® is a market intelligence company that may have your answers.
Relying on hard-nosed financial journalists and veteran analysts, Condo Vultures® has established itself as a vital intelligence source to assist you to evaluate the state of the residential real estate markets in South Florida, Las Vegas and San Diego.
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