[miamibre]

Same, I moved to Miami in 2019 from Puerto Rico because I wanted to keep speaking Spanish and I had a circle of friends to help me out.

Since then housing prices have been absolutely bananas, I was fortunate to buy a house relatively cheap in Oct 2021 but now the same houses are going for $100k+ more what I paid. If you want to buy anything that is 2 bedroom you better be prepared to pay +300k starting price and probably 20% down + HOA fee and increasing interest rates are going for %5+. Yet houses are flying off the market, mostly due to institutional investors putting 100% down in cash so you can't compete or have a total of one weekend to make an offer.

So far this year alone 3 people I know have moved out of Miami all due to housing affordibility. One moved to Tampa (which used to be pricier than Miami), another to South Carolina, and another to Ft Lauderdale.

My wife wants us to stay here to raise kids but whenever she talks about buying a new house I get queesy thinking how expensive it's going to be to get a large enough place. I love the Hollywood / Ft Luaderdale area but it's only a matter of time that prices catch up.