Miami Beach Admits It's Failed to Create Affordable Housing, Debates Lower Goals
A Miami Herald series earlier this year showed that Miami Beach's luxury hotels — built for real-estate magnates, international billionaires, pro athletes, and reality stars — are staffed by...
View ArticleHow to Afford Miami on $40,000 a Year
With rents and housing prices soaring ever higher across Miami-Dade County, how do locals afford to live here? New Times set out to find out by talking to Miamians with varying income levels about how...
View ArticleMiami Named Least Affordable U.S. City to Buy a New Car
Miami-Dade County's median income — a scant $44,000 — is remarkably low compared to virtually every other city of its size. This creates a whole host of problems for local and longtime residents....
View ArticleHow to Afford Miami on $30,000 a Year
With rents and housing prices soaring ever higher across Miami-Dade County, how do locals afford to live here? New Times set out to find out by talking to Miamians with varying income levels about how...
View ArticleMiami Is America's Hardest City for Poor Renters
Last year, the Miami-Dade County Commission shot down a plan that would have forced local developers to include some affordable apartments in every new project. Commissioner Javier Souto claimed the...
View ArticleCoral Gables Homeowner Will Accept Bitcoin for His $6.4 Million House
Each time a new retailer began accepting Bitcoin as payment a few years ago, Mike Komaransky made a small purchase to signal his confidence in the digital currency.
View ArticleActivists Want to Erase Wynwood's Robert E. Lee Park, but Officials Say It...
Confederate monuments are falling across the United States, torn down by angry mobs in North Carolina and removed in the dead of night by Baltimore officials. The movement is a long-overdue reckoning...
View ArticleDevelopers Overbuilt So Many Sunny Isles Beach Condos, They Have Two-Year...
A Miami real-estate analysis released Monday sheds light on the wonderfully stupid way South Florida operates: For the past handful of years, condo prices in the area have been criminally high, so...
View ArticleMid-Beach Residents Fight "Godzilla" Condo That Would Block Ocean Views
When the City of Miami Beach created a MiMo architecture historic district to protect its Morris Lapidus-designed, mid-20th-century buildings a few years ago, officials considered including the...
View ArticleReport: Miami, Miami Beach Among the Worst Real-Estate Markets in U.S.
Despite every headline-grabbing attempt to fuel the tech sector or the finance market, at its condo-flipping heart Miami is still a company town, and the only industry that keeps the lights on is real...
View ArticleDowntown Construction Cranes Could Turn Deadly During Irma, City Warns
Even a novelist reaching for a heavy-handed metaphor about Miami's tendency toward unsafe overdevelopment would have winced at a Tuesday press release sent by the city. Because it seems the dozens of...
View ArticleDid Your Landlord Make a Hurricane Irma Plan? Miami Beach Advocate Wants to Know
While packing up to evacuate his South Beach condo this week, Daniel Ciraldo saw his neighbors at an eight-unit Art Deco building scramble to MacGyver last-minute hurricane fixes. With plywood long...
View ArticleMore Than Half Miami's Federal Housing Aid Goes to the Rich, Study Says
Princeton University sociologist Matthew Desmond has called the mortgage-interest tax deduction — which lets property owners cut up to $1 million off their tax bill — an "engine of American...
View ArticleJust 3 Percent of Miami Two-Bedroom Apartments Are Cheap Enough to Qualify...
One of the main programs that helps poor people pay rent, the Section 8 housing voucher, awards money to needy families to help them afford privately owned apartments. But the feds won't pay for a...
View ArticleResidents Livid After Hurricane Irma Floods Fancy New Fort Lauderdale High-Rise
After moving from Manhattan to Fort Lauderdale last month, Stephen Dietz and his wife were excited to snag a two-bedroom apartment in the 30-story Amaray Las Olas, a new luxury tower said to be one of...
View ArticleOne of Miami's Biggest Clubs Claims There's a City Conspiracy to Shut It and...
Miami's unsustainable real-estate boom would inevitably reach a point when it would eat itself. Absent planning and regulation, condo developers were all but certain to begin repaving integral things...
View ArticleMiami Beach Condo Owners Accepting Bitcoin and Ethereum for $3.5 Million...
A few months ago, a Coral Gables homeowner made national headlines when he put his $6.4 million mansion on the market and said he'd accept payment in Bitcoin. So when a seller approached luxury...
View ArticleMiami-Dade Almost Loaned $56 Million to Housing Firm With History of Defaults
In 2010, the Florida Housing Finance Corporation, a state body that loans money to build affordable housing, flunked an Atlanta developer called the American Opportunity Foundation (AOF) "due to past...
View ArticleLittle Haiti Rent Jumped 13 Percent Last Quarter, Tied for Biggest Spike in...
Despite outcries from community leaders, Little Haiti continues to gentrify rapidly. The Miami neighborhood — which sits conveniently north of Wynwood and the Design District and just west of Biscayne...
View ArticleMiami Rents Cost Nearly $7,000 More per Year Than Historic Average, Study Shows
New Times howls, roughly once a week, about how expensive Miami is for the vast majority of its residents. But rarely is the city's affordability data placed into historic context, likely leaving many...
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