Never buy a condo...anywhere
Miami will be underwater in a few years...literately
Depends. To own? Brickell? Yes. Lots of inventory. To rent? No. Lots of inventory. Just play hardball if you decide to buy.
Where to check condo prices?
With all the hurricanes, no...
Nothing good can come out of Florida
Go rent for a year or two first. It’s a shit hole, overpriced, and superficial and fake af. Go north of Miami unless you want to go clubbing and do drugs all the time.
No. City already gets affected by rising water levels. It will be hard to sell property in a few years in that City if you are near the water or beach or expect high HOA fees to keep pumping water out of garage etc.
Unlike some here who don’t like condos, I have a different view. Full disclosure. I own several. For living: Especially high rise condos (which are also common in Miami). If you travel a lot or own it as a vacation home, you don’t have to worry about maintenance for exterior or hurricane prep. For renting: Renting and managing condos are easy. These are some of my easiest rentals. It’s possible that condo fees are draconian in some states. I’m in the Midwest (OH/IN) and it’s not crazy here. Additional notes. Condo values appreciate slower, decline faster in downturn. Yes. But I buy my primary & vacation residences not for the financial arbitrage. Even for rentals it comes down to purchase cost. Review your condo rules before you buy. AS YOU SHOULD REVIEW EVERY CONTRACT. OP, I ❤️ Miami, especially South Beach. Only reason I don’t own anything in FL is my (silly[?]) conviction about oceans rising. But I’m there often to play grab ass with other tourists. Also, cafecitos are my viagra (TMI?, maybe)
Not TMI. Please continue to reveal yourself. It’s creeps like you that make Miami and south Florida in general such a shit hole. By the way, you mention owning condos as rental but fail to mention the tax advantages of condo ownership. I’m sure those $50k condos in Ohio and Indiana are fabulous.
Tell me more DuQv, why shouldn't I get a condo in Miami? It seems perfect
You mean for retirement? Or renting out
To live as a remote worker