Miami ranks among least affordable cities amid housing crisis, market cooldown coming? | Miami Life
In this week's edition of Miami Life:
Home ownership is a dream for most people-- but with skyrocketing South Florida prices, could that vision be found elsewhere? An expert weighs in on the state of the Miami housing market.
Plus, see how the pandemic caused one local woman to find a creative way to make her passion her life's work.
And, see how an organization is giving parents who have children with special needs peace of mind.
Mental health first aid is taking center stage as we look to keep our brains and bodies healthy.
Finally, watch how one retiree is using his time to give a smile and hope to students.
Catch Miami Life at 630pm ET on the CBS Miami app, CBSMiami.com, and MYTV33
#miami #browardcounty #fortlauderdale #florida #floridanews #housingcrisis #housingmarket #analysis #community #communitynews #pandemic #art #health #healthnews #lifestyle #mentalhealth #mentalhealthawareness #mentalhealthmatters
Пікірлер: 115
Miami has the cost of living similar to LA but salaries are more like Little Rock, Arkansas
@deescott8312
18 күн бұрын
Right
@Wecomenow
18 күн бұрын
😂
@eddycarpenter8989
16 күн бұрын
zero state tax tho😍
@thesquad2253
14 күн бұрын
@@eddycarpenter8989 that actually doesnt help cause you have to pay other taxes so its basically the same lol
@eddycarpenter8989
14 күн бұрын
@@thesquad2253 what other taxes?
Miami and South florida need to start banning international buyers and prioritize current U.S. citizens and residents.
@jaygalgano8033
11 күн бұрын
NOOOO... Let them stay there.. We don't want them in the Northeast...
Blue state prices with red state pay
@JohnathanMenezes-yb2ux
17 күн бұрын
My worst nightmare
@eddycarpenter8989
16 күн бұрын
you live in a capitalist country that is going to bend you over whether you live in a "red state" or "blue state" lolol
@Sonofawildanimal4241
16 күн бұрын
The booming 20s!
@del-see-oh
16 күн бұрын
@@eddycarpenter8989 I live in NJ while working in NYC. I get by just fine.
@floridiantv
14 күн бұрын
@@eddycarpenter8989 yeah. You can move that the beauty of “capitalism “
It is not only the housing but the ridiculous incomes. I’ve been living in South Florida since 1996 and things never improved in those two camps.
@deescott8312
18 күн бұрын
Right the pay is so low and rent is high
Not just Miami, broward county and all over Florida is overpriced. One decent bedroom will cost at least 2 thousand a month. It’s ridiculous
@asielmilian38
18 күн бұрын
Florida is Dubai with Mississippi wages.
I left Miami in 2017 for Seattle and I’m making way more money now. I want to move back but I’m not overpaying for a house that is not worth $800k. Just 5 years ago the house I wasn’t was $200k
@deescott8312
18 күн бұрын
How is rent prices in Seattle. Florida two thousand dollars for a decent one bedroom
@206remyboyz7
18 күн бұрын
@@deescott8312Seattle is expensive renting or buying but the potential to earn a lot of money has always been here. However Seattle weather for me is depressing, constant overcast and rain
@darwinhernandez1019
17 күн бұрын
My Mother un law did the same thing she was in miami and then moved to Seattle she's doing all right
@lunallena5594
12 күн бұрын
There were no houses at $200k in Miami 5 years ago.
HOA is the killer for places with condos and town homes
@marknewton6984
18 күн бұрын
HOA? No way. 😮
@maxmx767
10 күн бұрын
HOA is great to keep the Rats out
What's a young couple to do? "Well, if they already have a starter home they can capitalize on that". Seriously dude?
@landmark22
7 күн бұрын
Move
I was gentrified out of the city I was raised in. :(
@nicholasthompson7690
17 күн бұрын
Same
If you do not have 20% down and 3 to 6 months worth of emergency money buying a house is not a good idea right now.
All it takes is one Cat 4 Hurricane to the change the Miami Real estate market....not if it will happen...when it will happen...
@JohnSmith-kw1qj
18 күн бұрын
Wouldn't mind cat 6
@Bradimoose
18 күн бұрын
It'll make it more expensive. All the older apartments and homes will be destroyed and they'll rebuild luxury towers and homes
@bballah9969
16 күн бұрын
Lol man your comment makes no sense all the houses, the majority are built to hurricane specs with high impact windows and doors. Older buildings would have their roof blown away and that's the worst thing that can happen. When hurricane Andrew hit in 92" it destroyed country walk but everything was rebuilt to sustain future hurricanes like most of South Florida construction. The big problem here is the high cost of living, taxes, traffic, crime, brutal summer heat and monsoon rain during the summer months, and low and stagnant wages.
@Bradimoose
16 күн бұрын
@@bballah9969it happens in the keys all the low income housing like trailers gets destroyed and they can’t rebuild then there’s no cheap places to live.
@bballah9969
16 күн бұрын
@@Bradimoose Oh yeah trailers for sure
I lived in Miami for five years. Nowadays, I don’t understand the hype go to Miami Beach and it’s a filthy ghetto anywhere else and you are stuck in traffic
They are forcing us out I guess
@freetheworld12
18 күн бұрын
who are they , sounds like a evil bunch
@Shadowx157
18 күн бұрын
@@freetheworld12 Well it's simple THEY destroyed New York and California real estate and now they want to do it over here
@asielmilian38
18 күн бұрын
Price out of paradise.
@freetheworld12
17 күн бұрын
if you are not wealthy this is far from paradise it is more like purgatory with no light in sight @@asielmilian38
6 min in and we haven’t talk how, insurance and property taxes crazy
So sad man. When I finally start making money the housing market blows up smh
@Sonofawildanimal4241
16 күн бұрын
Should have bought in the sixth grade!
@jasonsmith530
15 күн бұрын
Gen Z Floridians are cooked!
I see THEY destroyed New York and California real estate, and now they want to do it over here in Miami...
@naptime0143
17 күн бұрын
That's not how it works but go off 😂
@tjr4459
17 күн бұрын
NY and California real estate isn’t destroyed 😂
@nicholasthompson7690
17 күн бұрын
@@tjr4459 It is when young people have to leave to find cheaper housing
And dorks still moving here just to be fried in the heat and stuck in traffic anytime of the day….just because it’s “Florida” like it’s the kingdom of God or something.
Miami housing market is still insane cause people keep moving down there.
Except when interest rates were 10%-11% houses were $40,000…
@MyLoganTreks
18 күн бұрын
Highest unaffordability in history, when lenders go about 35 % DTI for home purchases I get worried.
The grass is always greener
@marknewton6984
18 күн бұрын
🎉And rarely is....😮
Blame the new yorkers
Being poor and homeless, I always said America needs a city like Dubai juxtaposed a city for the Rich. I coined Miami, the Dubai of the USA. New York and Beverly Hills are disqualified unfortunately.
Red Tide down there is scary.
Yes more density is key. Also, look at county owned land to rezone.
Pretty much need to be a millionaire if you want to live comfortably in Miami. No average person will ever be able to live there. In the future if you don't have much you'll be living in the mountains.
@freetheworld12
18 күн бұрын
that surprises you, welcome to not-so-sunny times in Miami what a shame
@marknewton6984
18 күн бұрын
I don't like mountains...😮
@asielmilian38
18 күн бұрын
Miami: paradise for the rich; hell for the poor.
I always thought of Miami as an expensive place similar to LA.
What’s “starter home”?
This isn't just a housing crisis, it's also.a problem with wages. With my line of work, I can work remotely, and when I work with companies outside of Florida, I get paid, at the very least, $10 more than any Florida company I've ever worked for. Obviously, I prefer working with companies that aren't based in Florida (which also helps me save money on transportation). But what are people with local jobs supposed to do? It's ridiculous.
Welcome to Miami
It is the high prices of property insurance,
The Miami dade chairman’s catwalk was unnecessary
@RolexTyan
2 күн бұрын
Sure, that wasn't necessary 😂
HOME PRICES ONLY GO UP!
What “starter home”?
What’s the minimum wage in Florida 😂
@kseke25
2 күн бұрын
$2.
All this happen in 4 years this is crazy. My friend who makes 95k is moving an engineer at that.
Well look who just caught on
The Reventure App shows housing prices coming down in Florida, don't forget The largest Lobbyist is the National Association of Realtors who just lost a large lawsuit. This doesn't mention Ron Disantis elimination of the 25% rule, the high insurance and property taxes or the effects of climate change on prices... Developers have more rights than the endangered Florida Panthers nowadays, sadly it's the problem with our politicians in Florida. Which special interest is in their wallets.
Who would want to live in a state where your governor was Ron DeSantis? NOT ME
@nicholasthompson7690
17 күн бұрын
Not me either
@nikosniko7092
17 күн бұрын
Really? What about Gaven newsom?
@mguti090
16 күн бұрын
I do. And I will vote for him again and again. He's been the best thing that has happened to Florida in a long time. But probably you're not even from here and just talk sht. Not uncommon these days.
If you don’t have at minimum $5 million for house, don’t buy a house in South Florida ( Miami, Broward, and Palm Beach) because you will become house poor
Climate change says, hold my beer
What's really ridiculous is keeping a home with these outlandish property insurance and taxes. Where are our elected officials? Lining their pockets. I for one will be voting them ALL out come elections.
You don't say
DeSantis's Florida
Working class city
Nobody are the locals
25? Dude is still a kid
The banana republic of South Florida.
poor kid doesn't realize the whole out look on the economy is almost in the pit if you do your research the question is it in 2024 or 2028/2029 ? you made it this far dont give up and make a big purchase .....
Suburbs are cheaper
Who would want to live in Miami anyways:)?
@nicholasthompson7690
17 күн бұрын
You'd be shocked. LOTS of people.
CBS, trashing Florida again. I live retired in South Florid & life is great!
People born there can’t even afford to live there
Deberían cambiarle el nombre a MIERDAMI.......Yo vivo en Madrid, Madrid es mucho mejor, y fui a Miami hace dos años; que ciudad màs estresante dw mierda .....!
@sun0066
17 күн бұрын
Yes Madrid is so relaxing ( being ironic ) You did well , stay at Madrid with such vulgar vocabulary
Biden’s America
@sun0066
17 күн бұрын
🙏🙏🙏🙏