Downtown Development In Miami Is Skyrocketing

[@Silver6533]

They are trying so hard to make it like Manhattan!

[@magicalindigoadult3838]

Except we have rent control in Manhattan oh high rises

[@Silver6533]

@MrGriff305 What's up with the new castrated laser light bull that is coming to Miami then? It seems like another way to copy what NYC started first. I get your point it Miami being popular and it is certainly unique in it's own way! But there are a few aspects of where they are trying to compare this place to a warm or even tropical Manhattan.

[@adad-ec6ht]

@@magicalindigoadult3838 rent control actually make rents more expensive. There is research on this to prove. 400 sq 1 bed studio in Soho Manhattan is 4500 a month and the condos probably cost 1 million.

[@magicalindigoadult3838]

@@adad-ec6ht I know mine is 5,800

[@adad-ec6ht]

@@magicalindigoadult3838 lol, okay, you are rich. You don't need to complain. Are you a corporate lawyer or CEO ?

[@jayjo1609]

Y’all mayor sold you out. Their won’t be shit for anyone.

[@alexjames1397]

This has been going on 20 years now.

[@Delta2099]

400k 1bd apartments with 1k hoas, im guessing most of this development is not for Miami working class

[@Zephyrion__]

It never was

[@halfvolley11]

Big cities are not made for working class. Its where working class go to make some money.

[@stbrian1861]

Soaring Real Estate prices are Part of the Reason that many are moving to Homestead. All while working in or around Downtown.

[@floridaroadways]

Not true

[@Distress.]

If only they built the metro rail extension down there like they were supposed to

[@iceandflames]

They need to put more development in Hallandale beach beautiful city with some good prime land for businesses.

[@LIROELQBREGA]

Rent and home prices should generally be a fixed price that keeps up with inflation over the years, just because more ppl are moving here doesn't mean property owners get to raise prices $500 per month out the blue

[@adad-ec6ht]

It was like this in Soviet Russia. Check those homes please.

[@Distress.]

Actually that's exactly what property OWNERS can do. Now I'd agree that property tax increases should be tied to inflation.

[@LIROELQBREGA]

Yeah they can that's why I said " generally fixed " meaning they can raise it but they should have a limit as to how much bc I've seen places go up by $1k more than it used to be 15 months ago and yeah they're going to find ppl than can afford it so that's why they do it 🤷🏻‍♂️

[@Aikynbreusov]

How's a studio costing $350,000 affordable???? Clearly someone is not doing the math correctly or is really living in paradise..... average income in the USA is only $56,000..... a condominium studio costing $350,000 would mean at least $2,500 per month in mortgage payment.... that's way more than half of the buyer's monthly income of $56,000 annual salary..... not affordable......

[@TuanNguyen-uq8gz]

I guess that price is for studios located at those skyscrapers, not the typical ones in Miami.

[@adad-ec6ht]

In downtown Toronto, Canada a studio costs 700,000. You guys lucky.

[@jeromehoward1249]

As a native from Jacksonville, I shake my head in disbelief. Miami just couldn't stop building. I have a suggestion. Why won't Miami donate any rejected high rise mixed use/apartment project to both Orlando (which is where I live now) AND Jacksonville!!! Jacksonville can sure use more height! LOL😄

[@highlymedicated2438]

I have no idea why they just won't build in downtown jacksonville. That place is Scenic and has so much potential . is there not really much going on in downtown Orlando when it comes to Construction?

[@halfvolley11]

I dont think anyone wants to go there.

[@latinboyyy305]

When has Miami been affordable? And when have you seen working class people living in luxury apartments? Please, Miami is still Miami, it ain't going to change....period.

[@Been_offical_0417]

Let’s see ……. Hong Kong 🇭🇰 …. Tokyo …… Shanghai ….. and a few Chinese cities KZbin them and Dubai for the rich is all they are making this place out to be ….

[@adad-ec6ht]

that is a good thing. America is so backwards. It needs to modernize.

[@halfvolley11]

Dubai is actually pretty cheap.

[@armandoenriquez1104]

Before the present time (monthly free in June).

[@LIROELQBREGA]

Milk prices dont go up because there's too many ppl buying, when inventory is over is over. Im very pro capitalism but is not like expenses are dramatically up for these developers.

[@miamikid13]

Can't wait for the 1000+ footers, Chicago South, well never catch Manhattan, but maybe Chi-town

[@elcalidoso3068]

Manhattan 💯💯

[@davidventura985]

Hahaha

[@edwardw.9047]

Miami will never be like NYC You fooling yourself

[@Distress.]

​@@edwardw.9047thank God

[@v.l.c3979]

B.S. !! Look for cost of living and taxes to go up! Cubans: you can come into Miami Dade county and build whatever you want. But first, you have to slide us some money under the table ok dirty money clean money it doesn't matter.

[@sociedadnortena9514]

Based af

[@edwardw.9047]

The workforce in miami can't afford to live in those buildings. These are luxury condos for rich people. This is bullshit