Miami ranks among least affordable cities amid housing crisis, market cooldown coming? | Miami Life

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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.
Catch Miami Life at 630pm ET on the CBS Miami app, CBSMiami.com, and MYTV33
#miami #browardcounty #fortlauderdale #florida #floridanews #housingcrisis #housingmarket #analysis #community #communitynews #pandemic #art #health #healthnews #lifestyle #mentalhealth #mentalhealthawareness #mentalhealthmatters

Опубликовано:

15 май 2024

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Комментарии : 106

@BokeemWoodbeezy 14 дней назад

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

@deescott8312 14 дней назад

Right

@Wecomenow 14 дней назад

😂

@eddycarpenter8989 13 дней назад

zero state tax tho😍

@thesquad2253 10 дней назад

@@eddycarpenter8989 that actually doesnt help cause you have to pay other taxes so its basically the same lol

@eddycarpenter8989 10 дней назад

@@thesquad2253 what other taxes?

@JC.LC. 13 дней назад

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

@jaygalgano8033 7 дней назад

NOOOO... Let them stay there.. We don't want them in the Northeast...

@del-see-oh 14 дней назад

Blue state prices with red state pay

@JohnathanMenezes-yb2ux 13 дней назад

My worst nightmare

@eddycarpenter8989 13 дней назад

you live in a capitalist country that is going to bend you over whether you live in a "red state" or "blue state" lolol

@Sonofawildanimal4241 13 дней назад

The booming 20s!

@del-see-oh 13 дней назад

@@eddycarpenter8989 I live in NJ while working in NYC. I get by just fine.

@floridiantv 10 дней назад

@@eddycarpenter8989 yeah. You can move that the beauty of “capitalism “

@DearProfessorRF 15 дней назад

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.

@deescott8312 14 дней назад

Right the pay is so low and rent is high

@deescott8312 14 дней назад

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

@asielmilian38 14 дней назад

Florida is Dubai with Mississippi wages.

@OnlyDuckSauce 15 дней назад

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

@deescott8312 14 дней назад

How is rent prices in Seattle. Florida two thousand dollars for a decent one bedroom

@206remyboyz7 14 дней назад

@@deescott8312Seattle is expensive renting or buying but the potential to earn a lot of money has always been here. However Seattle weather for me is depressing, constant overcast and rain

@darwinhernandez1019 13 дней назад

My Mother un law did the same thing she was in miami and then moved to Seattle she's doing all right

@lunallena5594 8 дней назад

There were no houses at $200k in Miami 5 years ago.

@nicholi8208 15 дней назад

HOA is the killer for places with condos and town homes

@marknewton6984 14 дней назад

HOA? No way. 😮

@maxmx767 6 дней назад

HOA is great to keep the Rats out

@Xenon-4300 13 дней назад

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

@landmark22 3 дня назад

Move

@metal-k9069 13 дней назад

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.

@CYR888 14 дней назад

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

@nicholasthompson7690 13 дней назад

Same

@ntenzsoulz 15 дней назад

They are forcing us out I guess

@freetheworld12 14 дней назад

who are they , sounds like a evil bunch

@Shadowx157 14 дней назад

@@freetheworld12 Well it's simple THEY destroyed New York and California real estate and now they want to do it over here

@asielmilian38 14 дней назад

Price out of paradise.

@freetheworld12 14 дней назад

if you are not wealthy this is far from paradise it is more like purgatory with no light in sight @@asielmilian38

@sokaiya1 13 дней назад

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

@MEOWMIX305 15 дней назад

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...

@JohnSmith-kw1qj 15 дней назад

Wouldn't mind cat 6

@Bradimoose 14 дней назад

It'll make it more expensive. All the older apartments and homes will be destroyed and they'll rebuild luxury towers and homes

@bballah9969 12 дней назад

Lol man your comment makes no sense all the houses, the majority are built to hurricane specs with high impact windows and doors. Older buildings would have their roof blown away and that's the worst thing that can happen. When hurricane Andrew hit in 92" it destroyed country walk but everything was rebuilt to sustain future hurricanes like most of South Florida construction. The big problem here is the high cost of living, taxes, traffic, crime, brutal summer heat and monsoon rain during the summer months, and low and stagnant wages.

@Bradimoose 12 дней назад

@@bballah9969it happens in the keys all the low income housing like trailers gets destroyed and they can’t rebuild then there’s no cheap places to live.

@bballah9969 12 дней назад

@@Bradimoose Oh yeah trailers for sure

@Shadowx157 14 дней назад

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

@naptime0143 13 дней назад

That's not how it works but go off 😂

@tjr4459 13 дней назад

NY and California real estate isn’t destroyed 😂

@nicholasthompson7690 13 дней назад

@@tjr4459 It is when young people have to leave to find cheaper housing

@OnlyDuckSauce 15 дней назад

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

@Sonofawildanimal4241 13 дней назад

Should have bought in the sixth grade!

@jasonsmith530 11 дней назад

Gen Z Floridians are cooked!

@MM-kf3gq 15 дней назад

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

@claytonbigsby9673 13 дней назад

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.

@skateforgirl2099 13 дней назад

Miami housing market is still insane cause people keep moving down there.

@haroldcampos9661 15 дней назад

The grass is always greener

@marknewton6984 14 дней назад

🎉And rarely is....😮

@user-ze4bv1hm3e 12 дней назад

Blame the new yorkers

@gimpless 15 дней назад

Except when interest rates were 10%-11% houses were $40,000…

@MyLoganTreks 15 дней назад

Highest unaffordability in history, when lenders go about 35 % DTI for home purchases I get worried.

@greensandbeansgaming1358 14 дней назад

Red Tide down there is scary.

@leetcodeJS 12 дней назад

The Miami dade chairman’s catwalk was unnecessary

@tjr4459 13 дней назад

What’s the minimum wage in Florida 😂

@oldcat87 13 дней назад

Welcome to Miami

@DiFinni 15 дней назад

Pretty much need to be a millionaire if you want to live comfortably in Miami. No average person will ever be able to live there. In the future if you don't have much you'll be living in the mountains.

@freetheworld12 15 дней назад

that surprises you, welcome to not-so-sunny times in Miami what a shame

@marknewton6984 14 дней назад

I don't like mountains...😮

@asielmilian38 14 дней назад

Miami: paradise for the rich; hell for the poor.

@lorinlovely4947 15 дней назад

Yes more density is key. Also, look at county owned land to rezone.

@Sonofawildanimal4241 13 дней назад

HOME PRICES ONLY GO UP!

@jbarkley4938653 13 дней назад

If you don’t have at minimum $5 million for house, don’t buy a house in South Florida ( Miami, Broward, and Palm Beach) because you will become house poor

@landmark22 3 дня назад

All this happen in 4 years this is crazy. My friend who makes 95k is moving an engineer at that.

@loosecid7507 14 дней назад

What's really ridiculous is keeping a home with these outlandish property insurance and taxes. Where are our elected officials? Lining their pockets. I for one will be voting them ALL out come elections.

@deannamadrigal7503 14 дней назад

Who would want to live in a state where your governor was Ron DeSantis? NOT ME

@nicholasthompson7690 13 дней назад

Not me either

@nikosniko7092 13 дней назад

Really? What about Gaven newsom?

@mguti090 12 дней назад

I do. And I will vote for him again and again. He's been the best thing that has happened to Florida in a long time. But probably you're not even from here and just talk sht. Not uncommon these days.

@lamariposa627 13 дней назад

It is the high prices of property insurance,

@jamesdelaney3797 7 дней назад

Well look who just caught on

@MyLoganTreks 15 дней назад

The Reventure App shows housing prices coming down in Florida, don't forget The largest Lobbyist is the National Association of Realtors who just lost a large lawsuit. This doesn't mention Ron Disantis elimination of the 25% rule, the high insurance and property taxes or the effects of climate change on prices... Developers have more rights than the endangered Florida Panthers nowadays, sadly it's the problem with our politicians in Florida. Which special interest is in their wallets.

@ArtTheSinger 13 дней назад

25? Dude is still a kid

@keithsnider1958 15 дней назад

Climate change says, hold my beer

@songhenry1084 11 дней назад

Nobody are the locals

@brianoleson5785 13 дней назад

poor kid doesn't realize the whole out look on the economy is almost in the pit if you do your research the question is it in 2024 or 2028/2029 ? you made it this far dont give up and make a big purchase .....

@user-qr7ee2cp4y 10 дней назад

DeSantis's Florida

@jasonsmith530 15 дней назад

Working class city

@orlandoalessandrini2505 11 дней назад

You don't say

@sparkymcplug3765 5 дней назад

The banana republic of South Florida.

@angelachanellehuang5663 13 дней назад

Suburbs are cheaper

@jaygalgano8033 13 дней назад

Who would want to live in Miami anyways:)?

@nicholasthompson7690 13 дней назад

You'd be shocked. LOTS of people.

@brianst.bernard1009 8 часов назад

People born there can’t even afford to live there

@user-ot4bz7os5v 15 дней назад

Deberían cambiarle el nombre a MIERDAMI.......Yo vivo en Madrid, Madrid es mucho mejor, y fui a Miami hace dos años; que ciudad màs estresante dw mierda .....!