Mindblown: a blog about philosophy.
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A mortgage in Miami is more expensive than any other place
South Florida homebuyers face some of the highest mortgage rates in the U.S., with median rates just under 7%. Factors include a large number of small business owners, higher home prices requiring jumbo loans, and a high concentration of condos, which carry higher lending risks. Miami has fewer fixed-rate mortgages under 7%, and many condo…
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Why Miami’s Housing Market Has Exploded
Miami’s appeal to remote workers, retirees, and international residents has led to soaring living costs. Housing prices in hotspots like Brickell and Miami Beach are climbing rapidly due to high demand and low supply. Everyday expenses—including groceries, dining, and transport—are rising from both inflation and heavy tourism. Rents have seen double-digit increases, placing the city…
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April 2025 Rental Report: Affordability Improves as Rents Continue To Decline
In April 2025, U.S. median rents for 0-2 bedroom units fell 1.7% year-over-year, marking the 21st consecutive monthly decline. Median rent was $1,699, down $60 from the August 2022 peak. Affordability improved nationally, with renters spending 23.4% of income on rent versus 24.7% last year. Miami remained least affordable, while Oklahoma City was most affordable.…
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Invertir en Miami? ¡El Mercado De Lujo 2025 Se Ve Prometedor!
Ventas de casas de lujo (+$1M) ↑ 3.1% anual. Precios de casas unifamiliares ↑ 180% en 10 años.
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Miami’s Rent Prices Are out of Control
South Florida has become one of the most expensive places to rent, with the avg cost reaching $2,538/mo. A surge in remote workers and wealthy transplants from higher-cost states have driven up demand. Many longtime residents have found themselves priced out of neighborhoods they once could afford. Gentrification has led to displacement of lower-income families…
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El momento California de Florida: el aumento de los costos de vivienda, HOA y seguros será el centro de atención en 2025
El rápido crecimiento poblacional de Florida, impulsado por la migración desde estados como New York y California, está presionando su mercado inmobiliario e infraestructura. El alza en los precios de las viviendas, las primas de seguros y los impuestos a la propiedad, junto con el aumento del riesgo de huracanes, están reduciendo la asequibilidad y…
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South Florida single-family home sales show mixed bag in April
South Florida home sales showed mixed results in April. Broward County saw a slight 2.1% drop in single-family home sales but improved from March's steep decline. Palm Beach County posted an 8.7% increase in home sales and a 7.6% rise in condo sales, reversing a previous slump. Miami-Dade County continued to struggle, with single-family and…
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Will High-End Housing Save Miami’s Strained Market?
Downtown Miami’s luxury apartment boom hasn’t eased housing strain—renters remain cost-burdened despite new developments. 141 shelter beds were lost due to disputes, intensifying homelessness as Florida enforces anti-public sleeping laws.
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Miami-Dade Approves $3B Mixed-Use Development
Miami just approved a historic $3B project: Little River District will redefine housing, retail, and community space. Spanning 63 acres, it includes 5,700+ workforce homes, big-box retail, green space, and transit.
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Florida cities with the most affordable rent, ranked
WalletHub's 2025 ranking of affordable rent cities shows rent has risen over 50% in 10 years, outpacing wage growth. The most affordable cities have rent at about 15% of median income, while the priciest exceed 30%. Bismarck, ND tops the list, followed by Sioux Falls, SD, and Cheyenne, WY. Florida cities rank lower, with Jacksonville…
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