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Miami is the least affordable place to live in the US as rent prices rocket to $3,000 per month while wages slump due to surge of loaded New York tech workers flocking to the Sunshine State
[Daily Mail, where America gets its news]
  • Miami is now the least affordable place to live in the United States, new real estate data shows

  • Average rents in the city now rival those in New York and San Francisco after soaring to nearly $3,000 a month this year

  • The mass exodus has spurred landlords in the Sunshine State to hike rents

  • The increase, rental experts say, stems from the mass migration of Big Apple and Silicon Valley tech workers to Florida during the pandemic

  • However, as transplants continue to take advantage of the recent remote work boom and takeover South Florida wages have yet to catch up, statistics reveal

  • A shocking bout of inflation, coupled with lingering effects left by the pandemic, has further limited locals' ability to keep up with rapidly rising rent costs

Posted by: Skidmark 2022-05-03
http://www.rantburg.com/poparticle.php?ID=631900