therealdeal.com/miami/2022/02/16/miami-becomes-most-expensive-housing-market-in-the-us

I had been planning to buy a place there a few years ago and guess I waited too long smh. Everything is in a super bubble

s*** happens so fast too

I always thought it was NY the way Twitter always talk about it being hella expensive

wow never thought another area would overtake la/san fran/nyc.

You couldn’t pay me to live in fLorida

ppl living in fly over states laughing their way to the bank tbh

Covid really messed things up. Even my town, 2 bedroom apartments going for 300-350k lol

Mind you this is only for homeowners, not the rental market

It was but Miami is the next tech hub and crypto city. Honestly nearly a perfect city tbh if they had a good public transit

Floridabros…

also florida stayed open during the pandemic, ny shut down and left residents with no social amenities so every1 bounced for warmer weather and better life n the open states

Florida capitalized bigg

Rental market is insanity now too. Biden’s going to have to implement a cap. I love WFH, but it kinda screws up economies. People are making SV money then going to LCOL places and driving prices immensely. People are flipping without making changes. Everything is getting speculative and seems indicative of a crash

Only to realize they're banking in a flyover state as depression sets in

New York City still has areas of the Bronx, Queens, and Brooklyn that really arent THAT bad to buy property in.

If this was Miami vs Manhattan it wouldn't be close. Regardless, imagine paying 500k median to live somewhere that'll be under water in 15 years lol

Ppl on the internet love to boost up the coasts in the USA and think everywhere else sucks even though they couldn’t afford a single family home in any of the coastal cities. I guess it’s just them dreaming

I lived in Indiana and western Maryland and I 100% would rather live in a small apartment in an active city on the coast than a family home in a rural town with an out of control opiate epidemic

That's just me though, I need to be busy

I mean, I agree with you. I own a condo in Chicago with my wife atm but I grew up near Milwaukee and ppl downplaying anywhere that isn’t a coast or Chicago is weird to me

It’s cuz everything’s being bought up by real estate firms or holdings companies instead of individual homeowners

and foreign investors, idk why US doesn't ban that

It’s the influx of Blackstone and other finance/tech workers driving up the costs because they got tired of NYC

Lot of people I know moved to Miami from NYC in the past 2 years

They’re taking into account median income in the area which isn’t the best indicator, especially considering Florida’s high percentage of retirees. NYC and La still way more expensive

Minus the yearly hurricanes