- 7.25.2015 Miami's luxury condos causing "real estate apartheid" America's housing market is soaring, and one Florida property is adding flash and bling to a beachside skyline. High above the Miami suburb of Sunny Isles Beach, buying a Porsche is taking on new meaning, CBS News' Vicente Arenas reports. [CBS This Morning]
- 7.20.2015 At least a dozen new South Florida condo projects in limbo amid changing market conditions The future is in question for at least a dozen new condo projects that were originally proposed to be developed east of Interstate 95 in the tricounty South Florida region since this current real estate cycle began in 2011. [Miami Herald]
- 7.13.2015 Renting and flipping new Miami condos is all the rage Looking at the four largest condo towers completed in greater downtown Miami since construction resumed in 2011, anywhere from 45 percent to 96 percent of the units sold by the developers in each building were placed back on the market or put up for rent. That indicates a high level of investor ownership in those buildings, and also raises some questions. [South Florida Business Journal]
- 7.8.2015 Miami Condo Plans to Tap Chinese Home Buyers, Chinese Considered as Top Foreign Buyers of US Homes In recent years, Miami experienced a real estate boom which pulled the prices of luxury condo homes up. This was attributed largely to wealthy buyers from Brazil, Venezuela and Argentina. Now, Miami developers and real estate agents are targeting a different country: China. [Realty Today]
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Imagine sitting down with your significant other to pay the monthly bills. You both put your checks into a joint account and know how much there is to take care of expenses, or so you think. Out of his wallet your husband pulls out receipts for a new suit, dinner with his friends and a new part for the beat up old Chevy he’s rebuilding. You add receipts for a manicure, a brand new red dress that’s hanging in your closet and the liquid lunch that you had with your pals from work. Both of you look at the pile, each upset that the other wasn’t notified about all the extra spending, and wondering how you’re going to cover your household bills now.Read More
Taking care of a co-op or condo building’s budget and finances is a big job. Handling such large sums of money is an important responsibility, and not every shareholder or unit owner has the expertise to do the job well. Sure, most people know the that the amount of money going out shouldn’t exceed the amount of money coming in, and people with even a small amount of financial experience know the difference between the capital budget and the operating budget.Read More
Sometimes the future seems like it’s an awfully long way away. If a roof is going to last 30 years, why should we worry about it today? Same with that shiny new air conditioner or that flat, crack-free pavement just poured two summers ago. Eventually, though, everything new grows old. Wear and tear sets in and soon, those elements we thought would last forever are in need of repair or replacement.Read More