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.

#miami #browardcounty #fortlauderdale #florida #floridanews #housingcrisis #housingmarket #analysis #community #communitynews #pandemic #art #health #healthnews #lifestyle #mentalhealth #mentalhealthawareness #mentalhealthmatters

[BokeemWoodbeezy]

Miami has the cost of living similar to LA but salaries are more like Little Rock, Arkansas

[JC.LC.]

Miami and South florida need to start banning international buyers and prioritize current U.S. citizens and residents.

[deescott]

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

[DearProfessorRF]

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.

[Xenon-]

What's a young couple to do? "Well, if they already have a starter home they can capitalize on that". Seriously dude?

[Ducksauceee]

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

[sokaiya]

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

[nicholi]

HOA is the killer for places with condos and town homes

[metal-k]

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.

[MM-kfgq]

6 min in and we haven’t talk how, insurance and property taxes crazy

[CYR]

I was gentrified out of the city I was raised in. :(

[AtelierBelleÉpoque]

I have trouble believing Coral Gables is more expensive than Beverley Hills and Manhattan

[MEOWMIX]

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...

[Ducksauceee]

So sad man. When I finally start making money the housing market blows up smh

[ashram]

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.

[Shadowx]

I see THEY destroyed New York and California real estate, and now they want to do it over here in Miami...

[nmhdez]

You can thank the no state income tax. Florida should’ve have some kind of state income tax to not attract the rich folks. It’s bringing all the millionaires into the states and people buying their second, third, fourth homes.

[claytonbigsby]

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.

[ancientkid]

MIAMI HAVE THE SALARY OF PUERTO RICO WITH THE PRICE OF NYC

HANDS DOWN THE WORST CITY TO LIVE IN RIGHT NOW .
I CANT EXPLAIN IN WORDS HOW MUCH FLORIDA HAVE BEEN DESTROYED IN THE PAST 24 YEARS

[MichaelGilmoreTV]

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.