US city lands unwanted title of most likely to crash worldwide, major bank warns | NYGazet

A major bank has declared that an American city is the most at-risk place in the entire world when it comes to housing.

Miami has claimed the dubious title of having the highest real estate bubble risk in the world, according to a new report. Union Bank of Switzerland (UBS) released its Global Real Estate Bubble Index, which ranked the Florida city as number one among... [4150 chars]