In Miami, There Are Too Many Condos and Not Enough Foreign Buyers

[goatmane]

Miami going to be underwater soon, who’s looking to invest there?

 

[loyola llothta]

South Florida is done. Cacs gentrifying lil haiti, overtown etc


Cacs from cali doing same in fort Lauderdale

Cacs doing sweepings on streets cats in west palm beach

 

[Biscayne]

South Florida is done. Cacs gentrifying lil haiti, overtown etc


Cacs from cali doing same in fort Lauderdale

Cacs doing sweepings on streets cats in west palm beach

What's that I hear about Palm Beach?

 

[Biscayne]

That’s what those greedy idiots get.

I hope they all go bankrupt and commit suicide.

Alright thats a little far but u get the point.

Miami is losing it’s luster since I got here. And it’s cuz of greedy real estate fakkits and all these cacs moving to places like Wynwood & Lil Haiti gentfiying it.

I hear these cacs complain about hispanics all the time but yet move to Miami:Denzelcrackinup:

Plenty of nicer older homes that were replaced by highrise condominiums in Edgewater. Some of these neighborhoods had great street activity on the ground level.

 

[HDiron]

That’s what those greedy idiots get.

I hope they all go bankrupt and commit suicide.

Alright thats a little far but u get the point.

Miami is losing it’s luster since I got here. And it’s cuz of greedy real estate fakkits and all these cacs moving to places like Wynwood & Lil Haiti gentfiying it.

I hear these cacs complain about hispanics all the time but yet move to Miami:Denzelcrackinup:

I go to Wynwood every Fridays bar hopping with my boys and we were having this same conversation last night. Wynwood is not what it use to be at all, pretty soon you’ll have high rises all around wynwood. I parked last night and paid $9.75 for 3 hours. Couple years ago, it would’ve been $3-$4 for the same time. I’m not complaining, cause as i said, I go there all the time cause I really enjoy it. But it’s crazy to see how much it’s changed in such short time.

But not only Wynwood, I see gentrification in many different Miami neighborhoods.

 

[keond]

The bubble about to burst.

 

[FLATOP]

Why wont folks lease my condos in Atlantis brehs

Its a rising market

 

[Deflatedhoopdreams]

I go to Miami once a year to party

 

[Rell Lauren]

We need the same to happen in New York.

 

[SadimirPutin]

What is funny is that all of these dumb ass developers try to build the same style of condo(not architecturally but for the same imaginary ideal client they have in their head)..

when in reality the first smart developer that builds mass housing that fits the profile of the majority of working class people who live in and around these metropolises is going to make a fukking mint

 

[DANKTHRONE]

Also consider that whenever interest rates rise again real estate will become a less attractive investment vehicle than it currently is. Hopefully a lot of these real estate developers will get fukked.

 

[UberEatsDriver]

Right now developers strictly want to built luxury properties. They’ll throw in 5 affordable apartments to get their little tax credit.

 

[UberEatsDriver]

Quick question for Miami tho. I thought investors were most focused inland because of the threat of climate change?

Then again when I was there last year I saw lots of cranes still up in downtown.

 

[UberEatsDriver]

Never got the MIA hype. One block off of South Beach looks like a war zone.

Across the bridge you mean?

 

[UberEatsDriver]

Exactly what I came to say

I'm also thinking Trump got em feeling disloyal. Spend a couple million for the president to call you a cockaroach amigos

There was a video I was watching where the owner of Chef Creole was speaking about how Little Haiti has the highest ground which is why it’s one of the hottest markets to invest in for them.