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Economy
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
2022-05-03
[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
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Posted by:Skidmark

#7  Jacksonville, St P, Orlando are all much less expensive than Miami
Posted by: Lord Garth   2022-05-03 19:16  

#6  /\ "Broken record" possibly.....but absolutely true.
Posted by: Besoeker   2022-05-03 15:28  

#5  My broken record act - Businesses do not pay taxes. Customers do. Or the business goes broke.
Posted by: M. Murcek   2022-05-03 14:22  

#4  Because demand instead of cost of living.
Posted by: swksvolFF   2022-05-03 13:21  

#3  
Posted by: Skidmark   2022-05-03 09:30  

#2  Expensive maybe, but on the other hand, unlike San Francisco, no one is pooping in the street.
Posted by: SteveS   2022-05-03 09:25  

#1  Adam Smith's way of saying - Don't go to Miami.
Posted by: Procopius2k   2022-05-03 07:45  

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