Miami Tops List of Worst Places For Real Estate Investment Over Next Five Years

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Chapter One: Stay Out of Miami.
Here's just another bit of info to pile on to illustrate the obvious: Miami's Real Estate market is totally fucked. Excuse the profanity, but honestly is there any better way to describe? It is fucked. That's what it is.

Anyway, Business Insider compiled a not-so-cheery listicle, and determined that Miami will be the worst place to make real estate investments in over the next five years. Meaning we will continue to be fucked for the foreseeable future.

"If you bought a home in Miami in 2005, we're sorry: over the following six years it depreciated in value by more than 54.3%," writes Business Insider. "And the rebound -- if there is a rebound -- won't come soon."

Business Insider claims that house values will continue to fall, and annualized growth over the next five years in the market will be -0.7%. Sure that's a lot less than -54.3% over the previous five years, but that's still a negative sign in front of that figure.

In fact, Miami is the only market on the list where predicted growth is still in the red.

Fort Lauderdale comes in at number four on the list with an estimated annualized growth of just 0.8%.

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14 comments
Tax Law
Tax Law

According to the business insider buying a home in Miami in 2005 the coming six years it depreciated in value by more than 54.3%.

Real Estate
Real Estate

Investing in real estate has created wealth for many entrepreneurs. Real estate is one of the few assets that typically appreciate in value over time.

Johny Anderson
Johny Anderson

It is really an amazing information and gives the lot of knowledge about real estate. That is the actual thing that i was looking for. It helps me a lot.

Real Estate Management

michael wind
michael wind

now is the time to investigate all real estate people who worked in the industry for the last ten years,mortgage and attorneys too...

Exlax talks
Exlax talks

The more slimy politicians like Sarnoff talk the more people want to leave Miami.

Sell out
Sell out

Miami commissioner Marc Sarnoff recommends trashing all the views of Miami so billboard companies donate money to his campaigns.

No view Miami
No view Miami

Who wants to live anyplace where the views are ruined by massive LED billboards?

Jeff Wilson
Jeff Wilson

Simple math - Median housing has to equal median income

Greedy fire unions
Greedy fire unions

Real Estate Taxes are too high. They have to be high to pay all the high pay and benefits for the fire union members. $350,000 per year for paper pushing firemen?

Michael Wind
Michael Wind

the real estate people in miami dade are a group of criminals,it is time to investigate everyone who has been in the business for the last ten years,including all the local government,bay harbor islands 33154 is the most corrupt town in america.

Fred
Fred

My home in the last 10 years has been "worth" from $350,000 to $1000000. How, I would ask myself, could my home be worth a million? It never was. It was an illusion. So, if you think about it, my home has gained in value over the last ten years because now it is worth about $450,000.  If we look at our homes that way, and forget the giant rip-off that Bush & Co. brought to us called the housing bubble, we will find that the value of our homes has increased in the normal investment way. To those of you that thought they were going to get rich, maybe you should have read the warnings that were out there. You were warned over and over, but the temptation for easy money got the best of you. Now, who gets to bail you and your pursuit of easy money out?  Well, that would be the taxpayer, or, as my accountant would say, me!

Do nothing politicians
Do nothing politicians

It's obvious. The real estate taxes in Miami-Dade County are far too high. Politicians do nothing to slow runaway spending except complain. The few private sector employees who still have jobs are forced to work to pay for massive pay and benefit plans for all the public sector drones.

Then you have all our roads and highways full of ugly billboards and sh*t on a stick LED billboards, who would want to invest here?

LiveHereWorkHere
LiveHereWorkHere

That's the problem 'investement'.  Buy a home to actually live in you turds.

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