Miami Locals Are Steamed Over Relocating New Yorkers Driving Up Apartment Rents

[basquebromance]

In some apartment buildings in Miami, landlords have jacked up the rent by 100%, pushing out locals as finance and tech professionals pour into South Florida. Tenants are offering hundreds of dollars over asking or agreeing to pay an entire year upfront.

Miami Locals Are Steamed Over Relocating New Yorkers Driving Up Apartment Rents

Apartment rents have soared 58% in the Miami area over the past two years, and in some cases doubled over last year.

www.wsj.com

 

[Sandisk]

In some apartment buildings in Miami, landlords have jacked up the rent by 100%, pushing out locals as finance and tech professionals pour into South Florida. Tenants are offering hundreds of dollars over asking or agreeing to pay an entire year upfront.

Miami Locals Are Steamed Over Relocating New Yorkers Driving Up Apartment Rents

Apartment rents have soared 58% in the Miami area over the past two years, and in some cases doubled over last year.

www.wsj.com

It's called 'supply and demand'.
You prefer a government-controlled, rental market, comrade?

 

[marvin martian]

In some apartment buildings in Miami, landlords have jacked up the rent by 100%, pushing out locals as finance and tech professionals pour into South Florida. Tenants are offering hundreds of dollars over asking or agreeing to pay an entire year upfront.

Miami Locals Are Steamed Over Relocating New Yorkers Driving Up Apartment Rents

Apartment rents have soared 58% in the Miami area over the past two years, and in some cases doubled over last year.

www.wsj.com

Blue shitholes are exporting their misery now.

 

[Mr Natural]

Blue shitholes are exporting their misery now.

Yeah, like retiring to warmer climes is a new thing.

 

[Biff_Poindexter]

So I guess you never heard of the term "snow birds" -- and sometimes they decide to stay....

Most Affordable Snowbird Destinations in Florida

<p>Thinking about the best places to spend the winter as a snowbird? When it comes to finding your perfect snowbird community, there are many considerations. </p>

www.privatecommunities.com

 

[marvin martian]

Yeah, like retiring to warmer climes is a new thing.

I think you missed the part in the article that said the newcomers are "finance and tech professionals".