Tag Archives: Buy a House

Trump Towers in Sunny Isles Beach, filling up fast

The problems at the three-building Trump Towers in Sunny Isles Beach in the northernmost part of Miami-Dade County began, not surprisingly, around 2006 when the market started on its downslide. The Related Group, who developed the project along with Dezer Properties, began having issues at the point of conception and by 2010 Dezer had taken over and become the sales and marketing arm.
“We were partners in the deal with Related and when we took over in 2010 they signed over the loan to us and we went ahead and sold …

by Josie Gulliksen on August 4, 2011

Desperate situation for Miami renters – is now the time to buy?

Photo Credit: Alan Light
It’s official – Miami is the most difficult city in the US for renters. Bloomberg’s Businessweek blog released their top 25 toughest cities for renters on Monday, crowning Miami as the winner (or loser, in this case). According to a new report by Harvard University’s Joint Center for Housing Studies, 64.5 percent of Miami renters are paying more than 30 percent of their incomes on rent alone. With the average median income of only $31,900 and the average rent cost at $1,040, that is an enormous chunk …

by Ashley Morgan on May 11, 2011
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