Crazy inflation , food price is increasing weekly by a lot , rent went up 50% to 100% in most of miami , car insurance going up by 50% when you try to renovate it while the minimum salary need to be raised at least $5 an hour more in order to cover minimum necessities
The core problem is affordability: unless you're a remote worker, a Miami salary isn't going to help you pay the house. I work freelance, and without fail, if I get a job from a Miami-based company, I get paid way less than if it were a company based in New York or more northern major city.
Agreed 100%. The cost of living went up tremendously and the salaries remained the same, which were already pretty low to begin with. Now it’s just sad how low they are compared to the cost of living
I moved my wife and kids the hell out Miami!! Smh Born and raised in Miami and let me tell you it ain't the same anymore! It's one of worst cities in Florida to live so if your going to move to South Florida stay north of Miami! It's nothing but expensive dump now....
Disagree - i love Miami. Miami beach especially is a perfect city / urban envt + beach and tropics combination - get best of NYC without the worst of NYC :)
My girlfriend and I (retired in Maryland) will be visiting our favorite beach town (Hollywood Beach) next week for fun and sun. Somehow we came across your videos,..and even though we have no interest in living in/moving to Fla,..we totally enjoy your videos. The Jersey accent,...and the excellent speaking skills have us hooked.
The same is happening to Playa del Carmen & Tulum in Mexico, insane prices for apartments now, just because everybody from Canada & Usa moved there during the pandemic agreeing to pay these ridiculous prices like idiots. Smh
@@charlesguzman3452 Everything you stated, except greedy developers, is a counter argument to the fact the prices are going up. It comes down to very simple economics of supply and demand. If supply is lower than demand, the prices go up, despite general unaffordability. Besides, in Miami-Dade, if I'm not mistaken, there's no more land to develop new communities; only to purchase older properties and improve them and sell for bloated prices to people who apparently can afford them and are willing to pay.
@@Matt_K home prices in Miami-Dade soared to 53% as of June 2020, that was the first-year people started leaving. In 2019, median rent prices had already increased 27%, and 61% of the rental population was spending 30% or more of their income on housing. So the (So Call) ppl that can afford these ridiculous price are also leaving.
@@charlesguzman3452 I don't understand fully what you are trying to say. It's simple to me....based on the video tens of thousands of people left Miami, which should indicate higher inventory and/or lower desire to live in that area. However, people are still very much interested in buying Miami homes and consequently the prices went up. Without high demand, prices would drop, but that is NOT the case.
When I look for rentals in Miami/West Palm Beach area it's so unrealistic for single living. The work there seems opportunistic for my field but the only way to be able to accommodate for it a my point of view would be renting a room from someone. If anyone know somebody that needs a roommate to help and assist in covering their property cost please let me know. Greetings from lake Jackson Texas.
This is an old comment but I happen to be in the same situation right now. I want to move to Wynwood area or somewhat close to it but a decent 1 bedroom apartment is $3000 a month. A two bedroom apartment for $500 more makes a huge difference if I could just find a roommate
real estate is not going to crash, at best prices may hold back a bit, and not rise as much, but there will be NO crash, houses that cost $500,000 this year will NOT be $300,000 next year, forget about it.
@@livingsoflo People are fleeing condos due to the the law passed after the Seaside collapse in 2021 which is requiring condo buildings to finally complete postponed repairs which is requiring condo owners to pay excessive assessments and HOA fees that are double or triple the current rates.
vHello, I've been to Miami twice and it was incredible, but I wanted your opinion if I go back will I have the same feeling of a vibrant city or is it not so safe anymore? Here in Portugal, we see a lot of videos of robberies and crises in the USA, is this affecting Miami? Is there any part of Florida that you would recommend visiting?
No sorry I should have phrased that better. These hats are old and not for sale, it is from my network of agents across the country but I will have some Living Fort Lauderdale hats soon @ronnies6811 @@ronnies6811
One thing I've learned about people as their freaking lemmings. Someone says Texas is better and next thing you know everyone and heir mom is moving to Texas. Those are New England and New York hear their friends are loving the life in Miami, next thing you know you got a shitload of New Yorkers down there. The grass is not always greener on the other side. Sometimes you need to make the grass greener where you're at.
I couldn't agree more about watering the grass where you already are! People have been flocking here for decades, especially from NY/NJ and I don't see that stopping anytime soon. Thanks for watching 🙏
Fl salaries are very very low , here 10 people live in a house , cost of living insane !!buy a house not a gd idea at all, I’m an RN and nurses are underpaid !! Well everybody here , I know lot of families that live 10 to 13 people in a house so they can afford it . Crazy , costumer service doesn’t exist here at all!!!!,crazy drivers , nobody has insurance because it is very expensive !! And the list never ends , we love the beach , we go very often but the beach is not paying my bills 😅😅 we pay for 1 bed apart luxury condo $2,760!!!! is time to relocate 😂😂
As someone involved in South Florida real estate development I can tell you old Miami residents are selling their houses for a bundle of today’s money and moving to West Florida
@@livingsoflo is cheaper and right now I mean my family is going homeless and me and my wife both work it's not fair with American citizens I never moved in a cold place in my life but this is what I have to do for my family when I met my wife I had no children she already had children or is them and we had two more and I'm getting treated like a stepfather instead of a real father in America that's not right
@@MuahMantrue true, I think mrbushlied7742 is referring to Jacksonville’s city population which is technically more than Miami, but compare Miami’s metropolitan area (over 6 million) to Jacksonville’s (below 2 million) that includes Fort Lauderdale and goes as far north as Palm Beach County, Jacksonville’s Metro population looks like a small town from that perspective tbh💀
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Crazy inflation , food price is increasing weekly by a lot , rent went up 50% to 100% in most of miami , car insurance going up by 50% when you try to renovate it while the minimum salary need to be raised at least $5 an hour more in order to cover minimum necessities
Couldn't agree more
The core problem is affordability: unless you're a remote worker, a Miami salary isn't going to help you pay the house. I work freelance, and without fail, if I get a job from a Miami-based company, I get paid way less than if it were a company based in New York or more northern major city.
Agreed 100%. The cost of living went up tremendously and the salaries remained the same, which were already pretty low to begin with. Now it’s just sad how low they are compared to the cost of living
new york pays more but you get less
houses is smaller, food more expensive
I moved my wife and kids the hell out Miami!! Smh Born and raised in Miami and let me tell you it ain't the same anymore! It's one of worst cities in Florida to live so if your going to move to South Florida stay north of Miami! It's nothing but expensive dump now....
Unfortunately that's what I hear alot of people saying who were born and raised there! But alot of the new residents love it
Disagree - i love Miami. Miami beach especially is a perfect city / urban envt + beach and tropics combination - get best of NYC without the worst of NYC :)
@@channel1channel139 Have you stayed in Miami Beach during spring break and labor day? Gross.
My girlfriend and I (retired in Maryland) will be visiting our favorite beach town (Hollywood Beach) next week for fun and sun. Somehow we came across your videos,..and even though we have no interest in living in/moving to Fla,..we totally enjoy your videos. The Jersey accent,...and the excellent speaking skills have us hooked.
Hey Steve, thank you, that means alot! Enjoy your trip, Hollywood Beach is definitely one of my top 3 favorites!
Moved from Miami to Orlando in 2023
The same is happening to Playa del Carmen & Tulum in Mexico, insane prices for apartments now, just because everybody from Canada & Usa moved there during the pandemic agreeing to pay these ridiculous prices like idiots. Smh
The pandemic FOMO buying has ended. And now reality set in. Like inflation …. Those high interest rates will help make adjustments. Just takes time.
Facts!
Can we add, Miami is overrated and tacky?
Better to live from fort Lauderdale going up north.
For Lauderdale is the place to be! Thanks for watching!!
The main reason for me is the violence is going crazy, traffic is horrendous and so much more😊
I looked at a little house in Victoria Park NE of Ft Lauderdale back in the ‘08 crash for $140k. I wonder what that would be worth today.
Insane! It's tough to find a single family home there for under $700k now
Fort Lauderdale is lovely.
Most of my family left for Jacksonville, Spring hills and Georgia, much more affordable.
I’m soon moving to Miami from Atlanta with a Rich Mentality long term as my base 🇵🇷🇮🇹🇯🇲
Thats awesome! That's exactly how you should approach it 💪
@@livingsoflo Thx 😀
@@ColdHeartScorpion you got it! I’m here if you need anything
Sooooo, why are prices of real estate in miami-dade still going up?
The developers has gotten greedy. There’s more Aprt & houses than ppl, and the Mortgages are unaffordable.
@@charlesguzman3452 Everything you stated, except greedy developers, is a counter argument to the fact the prices are going up. It comes down to very simple economics of supply and demand. If supply is lower than demand, the prices go up, despite general unaffordability. Besides, in Miami-Dade, if I'm not mistaken, there's no more land to develop new communities; only to purchase older properties and improve them and sell for bloated prices to people who apparently can afford them and are willing to pay.
@@Matt_K home prices in Miami-Dade soared to 53% as of June 2020, that was the first-year people started leaving.
In 2019, median rent prices had already increased 27%, and 61% of the rental population was spending 30% or more of their income on housing. So the (So Call) ppl that can afford these ridiculous price are also leaving.
@@charlesguzman3452 I don't understand fully what you are trying to say.
It's simple to me....based on the video tens of thousands of people left Miami, which should indicate higher inventory and/or lower desire to live in that area.
However, people are still very much interested in buying Miami homes and consequently the prices went up. Without high demand, prices would drop, but that is NOT the case.
@@Matt_K It takes time. Prices have started dropping.
When I look for rentals in Miami/West Palm Beach area it's so unrealistic for single living. The work there seems opportunistic for my field but the only way to be able to accommodate for it a my point of view would be renting a room from someone. If anyone know somebody that needs a roommate to help and assist in covering their property cost please let me know. Greetings from lake Jackson Texas.
This is an old comment but I happen to be in the same situation right now. I want to move to Wynwood area or somewhat close to it but a decent 1 bedroom apartment is $3000 a month. A two bedroom apartment for $500 more makes a huge difference if I could just find a roommate
I met a few people in Thailand from Florida. They left because they were tired of the political system.
real estate is not going to crash, at best prices may hold back a bit, and not rise as much, but there will be NO crash, houses that cost $500,000 this year will NOT be $300,000 next year, forget about it.
I personally don't think it is either. Not in South Florida at least. But the doomsday chasers will continue to wait it out
Same thing people said in 2006 and 2007. Good luck.
@@livingsoflo People are fleeing condos due to the the law passed after the Seaside collapse in 2021 which is requiring condo buildings to finally complete postponed repairs which is requiring condo owners to pay excessive assessments and HOA fees that are double or triple the current rates.
vHello, I've been to Miami twice and it was incredible, but I wanted your opinion if I go back will I have the same feeling of a vibrant city or is it not so safe anymore? Here in Portugal, we see a lot of videos of robberies and crises in the USA, is this affecting Miami? Is there any part of Florida that you would recommend visiting?
Are those hats available for purchase?
No but I will have some soon!
@@livingsoflo Cool. It’s a nice design. Is that the logo for your real estate business?
No sorry I should have phrased that better. These hats are old and not for sale, it is from my network of agents across the country but I will have some Living Fort Lauderdale hats soon @ronnies6811 @@ronnies6811
700,000 new suckers, you mean.
This was in 2020/2021 not 2023
Move back too many people
I'm pretty sure Miami has been oversaturated for a long time now but I have definitely noticed a difference in 4.5 years. Thanks for watching 🙏
Good. Waiting for the crash so I move back lol
Maybe another year?
Florida crazy expensive to live
One thing I've learned about people as their freaking lemmings. Someone says Texas is better and next thing you know everyone and heir mom is moving to Texas. Those are New England and New York hear their friends are loving the life in Miami, next thing you know you got a shitload of New Yorkers down there. The grass is not always greener on the other side. Sometimes you need to make the grass greener where you're at.
Aggressive drivers and the traffic will kill your dream life . New Yorkers will be leaving when their salary shock hits.
I couldn't agree more about watering the grass where you already are! People have been flocking here for decades, especially from NY/NJ and I don't see that stopping anytime soon. Thanks for watching 🙏
The salaries are one of the few but definitely huge downsides of living here. All about perspective. Thanks for watching 🙏
Fl salaries are very very low , here 10 people live in a house , cost of living insane !!buy a house not a gd idea at all, I’m an RN and nurses are underpaid !! Well everybody here , I know lot of families that live 10 to 13 people in a house so they can afford it . Crazy , costumer service doesn’t exist here at all!!!!,crazy drivers , nobody has insurance because it is very expensive !! And the list never ends , we love the beach , we go very often but the beach is not paying my bills 😅😅 we pay for 1 bed apart luxury condo $2,760!!!! is time to relocate 😂😂
Miami the city is gaining population- it’s Miami Dade that lost population
Everything is great in Florida unless it july aug or sept . I can deal with the cost but the heat would take an adjustment.
I chose to move out of Philly to Dallas instead of Miami because of the costs. Remote work is great because I could pick because Dallas/Miami.
As someone involved in South Florida real estate development I can tell you old Miami residents are selling their houses for a bundle of today’s money and moving to West Florida
Please tell them to stop.
West Florida average age is 102yo. Good luck.
Do you help with apartment finding? Relocating to Fort Lauderdale
We currently don't work on the rental side. If you have any questions about a certain area I'm happy to help
Try to fini à real deal in miami
Is so bad in Florida we moving to South Dakota
Just curious whats bringing you to South Dakota? That seems like a big difference from Florida
@@livingsoflo is cheaper and right now I mean my family is going homeless and me and my wife both work it's not fair with American citizens I never moved in a cold place in my life but this is what I have to do for my family when I met my wife I had no children she already had children or is them and we had two more and I'm getting treated like a stepfather instead of a real father in America that's not right
Miami isn't Florida's biggest city. Jacksonville is.
Miami is bigger in population. Jacksonville is bigger in geography.
👆 He gets what I'm saying 😎
@@MuahMantrue true, I think mrbushlied7742 is referring to Jacksonville’s city population which is technically more than Miami, but compare Miami’s metropolitan area (over 6 million) to Jacksonville’s (below 2 million) that includes Fort Lauderdale and goes as far north as Palm Beach County, Jacksonville’s Metro population looks like a small town from that perspective tbh💀
off the subject but would you ever go back to Jersey?
I would if I was splitting my time between Florida and Jersey. I don't think I would go back full time
@@livingsoflo I hear that.. plus property taxes are out of control
Yes they are! Highest in the country @@nine27
@@livingsoflo oh I know. my parents used to pay about $11k a year at a point in Nutley before they moved to North Carolina.
I lived in Nutley right before I moved here! You can easily find property taxes into the 20-30k range there now