Follow Us:

Need Assistance? Call (305) 501-0457
"Se Habla Español"

Email: AntlopRealEstate@gmail.com

Desperate Brazilians Become Miami Investors

Many people from Brazil are becoming investors in Miami Properties.

 

AntlopMiami Brazil Miami

Brazil and USA meet in Miami

 

CNBC.com put out an article titled “As wealthy Brazilians snap up Miami real estate, few benefit.” Being a local Miami investor myself, I have seen the transformation that has taken place in Brickell, South Beach Miami, Shenandoah, Wynwood, Little Haiti, Little Havana, Allapattah, Downtown Miami, and Overtown.

Why Are Brazilians Investing in Miami?

What I have experienced so far as a local person is that prices of everything in those areas mentioned have gone up. I used to be able to go to South Beach and spend $20 (sometimes nothing at all) and have the time of my life. I can’t go out now to close the ocean without shelling out premium prices for a nice dinner with my girlfriend.

AntlopMiami Skyline Miami 50 Club Icon Brickell

Skyline View from Icon 50 Club

Commercial rental prices in those areas have gone up forcing renting businesses to pass along the price hike to us. This is especially true because Miami has become more of a touristy place, even in the inside “real” Miami across the bridge.

My experience has been that most investors in Miami are not Brazilians but are local folk looking to keep more rental properties and looking for flips. There’s not too many people that can professionally be an investor in Miami because the market is tough and highly competitive.

How do wealthy Brazilians help local Miami residents?

I can imagine they are paying top dollar in taxes for those condos they are snatching up.But where do those taxes go? I read an article Miami was in a surplus for 2015. Unfortunately, not very much money went to the school system. Instead it went to the police to buy all the boys in blue new Dodge Chargers.

 

Miami Police Charger AntlopMiami

Money for Cars but No Money for Schools…

 

Miami residents are struggling with their rent payments as the rental market is red hot. Also, employment has increased and people are getting paid way less than just a year ago. Miami is truly the magic city as it pulls tricks on your eyes. On one side you have all the glamour of the beach and tall buildings while on the other side of the bridge you have some of the poorest populations in a city in all of the United States. Its fucked up, I know.

http://www.cnbc.com/2016/01/19/as-wealthy-brazilians-snap-up-miami-real-estate-few-benefit.html

Related reading:

Miami Short Sales

Leave a Reply

Your email address will not be published. Required fields are marked *

Free Home Estimate

Name:
Phone:
Email:
Address:
State:
City:
Zip Code:

Antonio Lopez

Antonio has been a member of the Miami Lakes community since 1992.
He has been involved in Real Estate from a young age..[More]

Contact Us

Phone: (305) 501-0457
"Se Habla Español" / Email: AntlopRealEstate@gmail.com
Fax: (305) 907-9002 / Address: 7900 Oak Lane, Miami Lakes, FL 33016

© Copyright 2014 Antlop Investment Properties Inc. – Address: 7900 Oak Lane, Miami Lakes, FL 33016 Phone: (305) 501-0457
"Se Habla Español"
SEO by Expert Internet Marketing

Follow Us:
  • Google Plus