Miami’s Real Estate Boom: A Double-Edged Sword.

Miami’s real estate market is booming, driven by an influx of wealthy buyers and out-of-state investors. Property values have soared, making it one of the hottest markets in the country. However, this surge is creating challenges for local residents, who are being priced out of their neighbourhoods. The city is also grappling with issues like rising property taxes and increased traffic congestion. While the boom is boosting the local economy, it is also exacerbating inequalities and raising concerns about the long-term sustainability of such rapid growth.