Who can afford all these $4-10M houses
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Anonymous
| Who are all these people snapping up these houses in Miami? The used to be much cheaper and people who bought a few years ago were regular law partners, doctors etc. But who are all these people who can afford them now? Certainly not the ones who used to buy in CG, Pinecrest etc… |
Anonymous
| It’s ultra elite Democrats fleeing the mess they voted for in their blue cities. |
Anonymous
And moving to... ultra-conservative Miami where more Spanish is spoken than English? Home of Madonna, Jennifer Lopez, and Pitbull! |
Anonymous
|
A lot of ppl.
Tbh if your only income is from a salaried job, then that probably explains why you can’t understand this |
Anonymous
Maybe they better learn Spanish. |
Anonymous
| Rich people. Duh. I agree with pp. If you view wage income as primary income, you are thinking wrong. |
Anonymous
|
When the surfside condos collapsed two years ago, about 1/3 of the people who died were from other countries. Mostly South American countries.
So simply based on that, I assume that about 1/3 of the people buying these multi-million dollar homes in Florida are from other countries than the U.S. |
Anonymous
| Obviously I know that people who buy these houses are wealthy. I meant more like - where are they all coming from all of a sudden? It’s reallly just been happening in the last 2-3 years. The areas where houses cost 1.5-3M at most - developers are tearing those houses down and building 10-15M mega mansions (10k sq ft). I know some of them from school, they’re NYers, Latin Americans etc. But I am just surprised about the sheer numbers of people moving here, all of a sudden. It was always a state without income tax, and nice houses and climate always existed. I feel bad for the lawyers and doctors who used to populate these areas because the younger ones clearly can’t afford to live there anymore. |
Anonymous
| Finance, tech, and entertainment. |
Anonymous
|
I think the boomer generation is slowly leaving, their real estate is going on the market, and new construction is going up all the time. My elderly aunt has a condo in Miami she cannot travel to these days. One day it will be for sale. Maybe foreigners are snapping up Florida properties, thinking that if Trump lives in the state, it signals something solid about the property values there? As a foreigner myself, I know the news filters differently overseas, and he's not as reviled, except by politicians he actually interacted with abroad! The only 40-something I know of, who lives there half the year, is a hedge fund manager from NY. He also has a house in the Hamptons. |
Anonymous
|
Drug dealers
Thieves and Swindlers (Sam Bankman-Fried types) People like the above that got away with it (Wework guy and bankers in general) |
Anonymous
More like younger boomers scaling down at work, or retiring early - selling expensive real estate up north, and settling here in their late 50s. Some of them have kids in middle or high school. |
Anonymous
| The middle class doesn’t exist anymore. |
Anonymous
Of course it does. The folks who work store jobs, delivery drivers, warehouse, are all middle class. You are not. |
Anonymous
How do you know? |