> change after 2010 that wasn't there before Miami real estate was especially hit hard after the financial crisis of 2008. Rich investors, American, European,

> change after 2010 that wasn't there before Miami real estate was especially hit hard after the financial crisis of 2008. Rich investors, American, European, and South American, were snapping up South Beach properties for pennies on the dollar and reselling them for tidy profits. I lived in an apartment in Flamingo Park that was almost 50% absentee European owners. The trendy European neighbors you were referring to upthread are the same ones renting through AirBnB while they are back home. Even though it was against the condo bylaws (long before code enforcement cracked down) they did it anyway. > It's quite another for same restaurant to close and be replaced by a kebab or pizza place. Because when you are on a month to month lease, which speculators love to do before razing everything before building condos <cough>Wynwood</cough>, you tend to get cheap popup places that can move in and out quickly. A pizza place just needs cheap tables and an oven. Decor and kitchen workstation planning isn't a consideration. > Today's SOBE bears little resemblance to SOBE of the pre-Airbnb past. I agree but not for the reasons you think. 80s South Beach was geriatric, 90s South Beach was club grungie, giving way to 00s gay/artsy South Beach, to gentrification through the 10s, until here we are today. It's trendy but tourist trendy. Locals have already moved on to Surfside and Hollywood. Cleaner lest crowded beaches.