If you’re a recent graduate and considering a move to a different market to kick off your new career, consider South Florida. Now I know what you’re saying. Yes, South Florida has been one of the hardest hit markets in the US. But according to an article from Bloomberg, the excessive build up of luxury condo towers in the vibrant, multicultural gateway that is Miami – the build up of inventory that was in part to blame for the collapse of that metro market – has had an unexpected consequence. It seems that the owners of those lavish, extravagant (but empty) towers are getting tired of taking a beating. Knowing they will not sell them anytime soon, many have taken to renting these beautiful, often ocean-view apartments at fairly affordable rates. As a result, the downtown area of Miami is experiencing a rebirth. Whole communities of renters have reinvigorated the neighborhoods there and the tropical lifestyle one can lead there is absolutley wonderful. I know because I have been spending time in the Miami metro area since 1975. It is a paradisical place to spend time. Why not consider renting a luxury condo unit and working amidst the azure waters of a tropical paradise?
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