A recent article on Realtor.com says a new luxury rental development in Miami Beach is attracting wealthy renters who prefer flexibility over homeownership. Many affluent newcomers are from high-tax states New York and California and are renting to preserve liquidity, avoid high HOA fees and insurance costs, and test Miami before buying. Developers say demand reflects shifting priorities toward mobility, tax advantages, and hassle-free luxury living. Indeed…
“Both L.A. and New York are having a very hard time getting their act together,” Lynn tells Realtor.com. “People talk about taxes a lot, but people don’t mind paying taxes. They hate not getting value from money. And so that’s really the issue in California and New York.”
Click here to read the full story at Realtor.com.
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