Florida Condo Crisis: New Law Threatens Real Estate Market?

Florida Condo Crisis: New Law Threatens Real Estate Market?

Florida Condo Crisis: New Law Threatens Real Estate Market? Today, we're diving into a critical issue that's making waves in Florida's real estate market—specifically, the escalating condo crisis that could reshape the state's housing landscape and potentially affect markets nationwide. This situation stems from new regulations that have been introduced to ensure the safety and integrity of aging condominium buildings. However, these regulations may have far-reaching consequences that could leave many residents and property owners in a precarious position. Let's…

Population of Miami is dropping

Population of Miami is dropping. More people are leaving than arriving

Population of Miami is dropping. More people are leaving than arriving. Are you ready for a surprising and unexpected news? According to recent article in Wall Street Journal the population of Miami is dropping - more people are leaving Miami than moving in. It happens because of increased housing costs and reduced opportunities for low-skilled employees. Between 2020 and 2022, according to U.S. Census, the population of Miami-Dade county reduced by around 80,000 people. Some went to other places in…

Title: Reviving Empty Offices: Transforming Unused Space into Urban Farms and Homes

Reviving Empty Offices: Transforming Unused Space into Urban Farms and Homes

Reviving Empty Offices: Transforming Unused Space into Urban Farms and Homes Because of the pandemic, lots of people started working from home, right? So, what happened to the offices they used to work at? They've ended up being left empty, a lot of them. They do not produce any income. Owners of these spaces are having a tough time too. They're finding it difficult to get money to keep their properties or to build new ones. Some buildings are even…

the rise of Miami

The Rise of Miami: From Sunshine Haven to Technology Mecca

The Rise of Miami: From Sunshine Haven to Technology Mecca Looking ahead, South Florida, and particularly Miami, is a region that has captured significant attention, especially after the pandemic. As people left crowded cities like San Francisco, New York, and Chicago during the health crisis, many sought refuge in the sunny and vibrant cities of Florida, like Miami, Fort Lauderdale, Tampa, and Orlando. But the experts say that in the next few years, a lot of them might move back…

Surfside, FL – How Collapse of Champlain South Building Changed Real Estate Market in Florida

We all know about the tragedy in Surfside, where a 13-story building collapsed on Thursday, June 24, 2021. More than 2 months have passed since the event, and in this issue we will take a look at real estate market to understand how the Surfside crash affected the local real estate conditions. Surfside is an ocean-front town in Miami-Dade County, South Florida. The city is located just north of Miami Beach and south of Bal Harbor. The city has a…

aventura isles

Aventura Isles – Modern Community of Homes and Townhomes in Miami, FL

Aventura Isles – Modern Community of Homes and Townhomes in Miami, FL August 2021 Inventory Report As you know, the coronavirus pandemic has changed the preferences of homeowners. Many people now prefer to live in townhouses or single-family houses, and try to avoid living in high-rise buildings. In your own home, you have more personal space and a great opportunity to avoid large groups of people. In addition, out-of-state migration to Florida and low interest rates have created additional demand…

CONDO vs TOWNHOME vs HOUSE vs MULTIFAMILY for Primary Residence in Miami?

This video gives an overview of 4 real estate options for primary residence: condominium unit, townhome, single family home, and multifamily up-to 4 units. We review each type of property and highlight their benefits and disadvantages. Also, we explain how homestead exemption works for primary residence to save on property taxes. At the end of the video, we review and explain buying multifamily property and using it as primary residence can create a very profitable investment. Although we used real…