Miami is a setting for condominiums and luxury houses which years before are way too expensive for an ordinary man. It’s either you are rich, a celebrity or a royalty to invest in such homes. But with the increasing of foreclosures, especially condominiums that are more than twenty-three thousand available, investors came flooding Miami in no time. Why not?
There several reasons why Miami home foreclosure are good investments. As one of the biggest city in US behind NYC, LA and Chicago, Miami is considered as a global city due to its improvement in commerce and international trade, arts, finance, as well as entertainment and media. According to UBS, Miami is the third wealthiest city in the United States and grabs the twenty-second position of the wealthiest all over the world. Globalization and World Cities Study Group Network nicknamed Miami as “beta world city”. Well-known companies have founded their bases in Miami. Some of them are Univision, Alienware, Bacardi and others. Miami also houses 1400 headquarters for Latin American operations.
This also serves as a industrial center, mostly for warehouse and stone quarrying. Because of this, many are given job opportunities. Not only that, people come and go in Miami because of famous schools like St. Hugh Catholic School, St. Theresa School, Desin and Architecture High school and plenty others are located there. Miami-Dade Country Public School, the fourth biggest school district in United States, regulates Miami’s public Schools.
Aside from being an industrial center, Miami is also an international center for entertainment.
The historical and one of the world’s most glamorous Art Deco in South Beach is popular for its shopping centers, nightclubs, historical buildings and beaches. Such attraction is hard to resist, that’s why more and more people keep coming to Miami.
When it comes to banks, Brickell district boasts of a wide range of international banks. And in skyscrapers, Miami is proud of its more than fifty skyscrapers, coming third after NYC and Chicago.
Come to think of it, with so many foreclosures, there is a unit for almost everyone. The biddings are quick, but then, it seems as if the available condominiums and houses are limitless. It won’t take long before the prices go up again. Like they said, opportunity knocks only once. Grab it while it’s hot.
Allison Ayson
Miami Home Foreclosure
