Buying Investment Real Estate Renting in Miami

Is Renting a Temporary, Short Term Trend or Part of the New Normal?

Rents are tight in most markets and, due to the numbers of foreclosures, short sales, and number of people who have lost their jobs or have had their work  hours decreased, the trend is expected to continue at least for the short term.  However, Jim Woodard predicts this is a temporary trend.

If you are a renter, you may want to consider the affordability index in the city you live and work in and calculate the cost of renting vs. buying.  If you are a landlord, you may want to look at Money Magazine’s Best Cities to Be a Landlord list