. >> tom: fernand talpe and his wife are french. eight months ago, they paid nearly $2 million in cash for their waterfront home. talpe, a commodities trader, chose miami over brazil when looking to relocate his business. >> at that time, the euro was very strong. i think i bought the house when the euro was at 145 against the dollar, so of course at comparative-- it was still expensive in dollars, but if you compare that with euros, it was a real bargain. >> for foreigners with a strong currency, which is obviously going to change very soon with the euro which is crashing down, but, no, we bought it already so miami has so much opportunities... >> reporter: buyers across the nation are putting up cold, hard cash. in december, 28% of existing home sales across the country were cash deals, and most of those buyers are investors. they don't plan on living in the homes they're buying. mark pordes manages condominium sales at canyon ranch miami beach, a luxury building on the atlantic ocean. prices range from $300,000 to over $3 million

right now.nvdadv@noc behind them.dadv@noc rec 2 argee purchases nvfrnvdadv@nvdadv@noc2 >> tom: fernand talpe terfront home. dvlpe, a cose miami over brazila >>nodv stron@g.noc rec 2he hous2 the euro was at 145 agai dollar, so of coursenv ada- it @ nvdansive in d 2comparnoe c thre@noc rec 2or f currency, which is obviousvery 2 cash.8% of existinges across thf ovdathdvose bu@yeoveyda ddvon't2 ma sale beach, a luxuratlantic ocean. dvicovdadvovda whnoenc ire c 2sing collapse, only 20 @noc e last year, 145 units w pulling v ovdadv nodadv@noc rec 2ser, so either o rec ch2ange or upgrade where dh america.ovovdadv @pvdadv@noc re senate is apdv@noc rec 2 would 0 c dadv@noc revdadv@ what we're 2noc rec 2 retail hum" holiday with december on jobless benefit pvthe economy topv sdatodvcks@ and bonds, bob doll,pvdadv@noc 2 @ore dpvefdaendvsepvdadv no the pentagon will laundadv@noc 2 lled a "more realistic" visionpv pvda vision is eground forcepvd@ time when chinqva dacodvntinnoc2 on t way boeing is closing oqvns qvjedatsdv a m@ai one.qvdadv@noc rec @noc rec 2 jobs when the plant closc 2 fowlomised to expa