Posted Aug 21, 2022, 7:45 PM
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Registered User
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Join Date: Nov 2020
Location: Florida
Posts: 1,542
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Quote:
Originally Posted by lio45
As a magnet for outsiders who've earned their money elsewhere, it's very logical that the local wages vs property prices ratio would be particularly bad. (Vancouver is even worse, for the same reasons as Miami plus it's much easier to bring foreign cash to Canada than to the US.)
You also can witness this phenomenon at the national level, with places like Asheville, NC where locals are mostly shut out of the market.
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Yeah, foreign buying is especially common in Sunny Isles.
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