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Why should they panic? Economic opportunity is being brought in and it is a pro-building area so truly getting priced out as one would in San Francisco or Hong
by shaburn 4y ago
Why should they panic? Economic opportunity is being brought in and it is a pro-building area so truly getting priced out as one would in San Francisco or Hong Kong is highly improbable.
Also, migration seems so popular in the tech community until it is into one's own.
- poidos 4y agoNot OP but also a lifelong Miami resident: building takes time and rents/food prices/restaurant prices are going up extremely fast. A place I used to rent at 1400/month in 2021 is now renting for 2000.
- yardie 4y agoRents have risen over 30%, salaries have gone up 3-7%. Do you see how that large gap can be problematic? > Economic opportunity is being brought in and it is a pro-building area Money, jobs, and workers are being imported. This does very little for the local employment market because companies that move here also want to move their workforce as well. A lot of new construction is luxury apartments. Not something that a waitress or tour operator will be able to afford.