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

Serious

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I been saying Miami economy will be destroyed all by the greed of those Cubans and those Russians. They would buy properties at a higher price to boost values of a certain neighborhood. Some people come in and get scammed and have no idea how the scam works. Miami is a crappy city now with all the crimes and tolls and all this traffic. Nobody wanna be around that.
It's only going get worse because this exacerbates gentrification and the general misplacement of prior renters and tenants, while continuing to never address the underlying issues associated with poverty, stagnant working wages, mental health and affordable housing.
 

SadimirPutin

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Pretty sure this is playing out in every major city in the US.

The same shyt is occurring in the Los Angeles, where condos and apartments that go for 3.5-4k month minimum.


Now here's the real kicker, the reason why it's a long term investment is because by 2050, 70% of the world's population is projected to live in Big Cities.....

So if these people can afford to maintain the properties for another 20-30 years it'll be profitable as fukk by then.

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68% of the world population projected to live in urban areas by 2050, says UN | UN DESA | United Nations Department of Economic and Social Affairs


that is a grim fukking trend

Brehs gotta find some remote work opportunities from lower cost areas
 

Biscayne

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For real? :ohhh::ohhh:

This is one of those things I would never have guessed

Whenever I visit Miami it feels so sprawled out

But I guess that is how being a tourist as opposed to being a local can give you the wrong impression
There's plenty of sprawl in Miami/SoFla, but it's high density sprawl. Any space in the city of Miami is from empty lots of torn down buildings/homes etc. The outskirts of Dade County like Opa Locka and Miami Gardens have a little bit of space breathing room. Shame, Miami had some nice older American Foursquare, Spanish Revival, and Bungalow style homes in some of these neighborhoods they tore down.
 

Serious

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that is a grim fukking trend

Brehs gotta find some remote work opportunities from lower cost areas
Remote work on a collective scale for a significant portion of Americans?:childplease:

https://www.thecoli.com/threads/no-...-wasoutsourced-to-9-an-hour-engineers.717618/

@Originalman already pointed out the biggest hindrance to economy isn't automation but rather outsourcing to save money on wages. You think companies and corporations are really trying pay people to live a decent life somewhere in even a rural areas, when they can just pay someone in India $9 an hour
 

SadimirPutin

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Remote work on a collective scale for a significant portion of Americans?:childplease:

https://www.thecoli.com/threads/no-...-wasoutsourced-to-9-an-hour-engineers.717618/

@Originalman already pointed out the biggest hindrance to economy isn't automation but rather outsourcing to save money on wages. You think companies and corporations are really trying pay people to live a decent life somewhere in even a rural areas, when they can just pay someone in India $9 an hour

:ehh::ehh:

Fair point........well then motherfukkers just gonna have to wait out the apocalypse
 

TLR Is Mental Poison

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The Opposite Of Elliott Wilson's Mohawk
Never got the MIA hype. One block off of South Beach looks like a war zone.
I'll never forget that IG live Cam did from Miami. He kept screaming "Yo that bridge... do not go over that bridge B"

"What about what I did for you in freedom town"
 

Originalman

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Remote work on a collective scale for a significant portion of Americans?:childplease:

https://www.thecoli.com/threads/no-...-wasoutsourced-to-9-an-hour-engineers.717618/

@Originalman already pointed out the biggest hindrance to economy isn't automation but rather outsourcing to save money on wages. You think companies and corporations are really trying pay people to live a decent life somewhere in even a rural areas, when they can just pay someone in India $9 an hour

:wow: too much truth in this post.
 

HDiron

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Miami
:ld: I need to start doing this during the Chicago winters. Imma go where this nicca talkin bout....Wynwood. :flabbynsick:
Wynwood is good if you like the bar scene. Lots of bars/restaurants/lounges on that 2nd Ave strip. If you’re looking for nightclubs though, wynwood isn’t the spot for that. I’m 33 so the bar scene is what I’m into now. I haven’t been to a legit nightclub (LIV, STORY, etc) in a while.
 

606onit

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Wynwood is good if you like the bar scene. Lots of bars/restaurants/lounges on that 2nd Ave strip. If you’re looking for nightclubs though, wynwood isn’t the spot for that. I’m 33 so the bar scene is what I’m into now. I haven’t been to a legit nightclub (LIV, STORY, etc) in a while.
i was born when Mike was drafted. Im good on a club, but a bar or lounge is cool. I still look young, so i can lean on someone's car outside the club whilst sipping a lil sauce, I'll parking lot P. :ld: Good looks
 
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