Many renters are recognizing the fact that paying rent is doing nothing for their credit rating or for building equity. Like renting a car, when the term is up, you’re at the mercy of Uber or buses.
Investing in an apartment never seemed as much of a good idea as right now. It’s a buyer’s market and interest rates are still low enough to make purchasing a condo or house a smart move.
Population: 6,012,331 • Average days on market: 22 • Average gross yield: 8.8%
# of Building Permits in 2015: 23,450 • Employment Growth to Building Permits Ratio in 2015: 0.9%
Miami – the Magic City – is truly burgeoning in every way. There’s plenty of available condos and houses to choose from in every price point.
Young millennials can find the average price of $265,000 for houses to be affordable. There’s only 5.2% unemployment, and 5 of the top Fortune 500 companies are based in Miami.
Some of the famous companies based in South Florida include:
Amcor PET Packaging Latin America (Miramar)