Myrtle Beach is the capital of oceanfront condos and high-rises in the Carolinas. As you stand on the Grand Strands Ocean Boulevard and look up, the oceanfront buildings rise to a dizzying height that South Carolina's oceanfront condo developers never thought about. And there are hundreds, maybe thousands of them. Who buys these condos, and who owns them? Myrtle Beach Condos are still a profitable possibility if purchased at the right price. Myrtle Beach Real Estate and Myrtle Beach Homes are now being purchased at the right price.

     With the slowdown in real estate the Myrtle Beach foreclosures are numbered second only to Miami and Las Vegas. This was the absolute land of condo-flipping during the boom several years ago, and there are so many people who ended up being burned when the bubble burst and the market dropped so suddenly.