Buying Beats Renting In Miami-Dade, Studies Show
by Sep Niakan | July 25, 2015
In light of the recent rental rates rising, a report shows that it is better to buy than to rent in Miami-Dade County.
The report, created by RealtyTrac, compared the cost of rent per month against the monthly house payments on three-bedroom homes across the United States.
During the first half of 2014, the cost of rent in Miami-Dade cost about 49% of a household’s median income. The cost of a house payment, however, only cost about 42%.
“The window is wide open for renters to take advantage of homeownership in South Florida today,” Mike Pappas, president and CEO of Keyes Company, said, “Rents have skyrocketed over the past few years and may be peaking, while interest rates are still at historic lows. With the tax savings from interest and real estate tax payments a tenant can own for less than they are currently paying in rent.”
Photo credit: therealdeal.com
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...
by Sep Niakan | December 28, 2016
We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...