Miami tops list of most rent-burdened metros in the nation
The Miami metro area ranks as the most rent-burdened in the nation, according to a recently released report. Rents climbed after vaccine rollouts drove Americans’ return to cities, and now the average tenant is on the brink of being rent-burdened. A report by Realtor.com revealed that last month, tenants earning the median income in their metro areas were spending nearly 30 percent of their earnings on rent, up from 25 percent a year earlier. The federal government considers any tenant devoting more than 30 percent of income to housing rent-burdened. The average tenant in the 50 largest U.S. cities is now at that threshold. In 14 of those metro areas, tenants’ monthly rental expenditure has surpassed the 30 percent mark. Renters were hit hardest in the Miami metro area, which encompasses Fort Lauderdale and West Palm Beach. Tenants on average spent nearly 60 percent of their monthly income on rent, up from around 37 percent in February of 2021. Rents in the area have risen by 55 percent in the past year to $2,929 for a studio-to-two-bedroom apartment, according to the report. Tampa and Orlando also saw housing affordability drop. Rents in both areas have shot up by more than 30 percent in the past year. In Tampa, renters now put 44 percent of their earnings toward housing, and in Orlando, 36 percent. Los Angeles clocked in as the second-most rent-burdened market. Half of the average Angeleno’s income now goes to rent, up from 39 percent in February 2021. In New York, 40 percent of earnings go toward housing, compared to 36 percent in the same month last year. San Francisco rents have not bounced back as much. However, as of February, the average tenant is still rent-burdened, turning over about 30 percent of her income to a landlord. Some cities have enacted measures to help tenants cope with the soaring price of housing. As of last week, landlords in Miami-Dade must give tenants at least 60 days’ notice to raise the rent by 5 percent or more. The protection comes as some owners have reported 50 percent hikes. Tenant advocates in New York, meanwhile, are pushing for good cause eviction. The legislation would afford tenants who experience a rent increase of more than 3 percent or 1.5 times the regional inflation rate, whichever is higher, a defense against eviction. Landlords would have to justify the increase in court to proceed with an eviction for non-payment. For many tenants, the burden of rent comes as rising costs for goods and services have pushed inflation to a 40-year-high. Higher rents feed into the consumer price index, which measures inflation. The post Miami tops list of most rent-burdened metros in the nation appeared first on The Real Deal South Florida. (iStock / illustration by Ilya Hourie for The Real Deal)
Cutler Bay's State Of The Town 2021
2021 Cutler Bay's State Of The Town Video The leadership of Cutler Bay has accomplished many great things in 2021 and they're proud to share this video recap of what has happened in Cutler Bay this past year. Learn more about many of these projects here. Credit and thanks to the Town Of Cutler Bay and White Neon Media. Letter From The Mayor Dear Friends and Neighbors, Welcome to the wonderful Town of Cutler Bay! Our Town serves as a gateway to the tranquility of the rural character of South Miami-Dade and the leisure lifestyle of the Florida Keys. We’re close enough to all the action Miami-Dade County has to offer, yet separate enough for a peaceful quality of life with a hometown feel. Cutler Bay holds the best of both worlds! Incorporated in 2005, Cutler Bay is the youngest municipality in Miami-Dade County. Our Town operates under a lean government with only 32 employees servicing over 45,000 residents. Some of our Town’s highlights include: access to Biscayne National Park, nine Town parks, Southland Mall, and one of the most prominent cultural institutions of the region which offers year-round events and performances—the South Miami-Dade Cultural Arts Center. We host some of the biggest events in the area that draw thousands of attendees, such as our Halloween Spooktacular & Golf Cart Parade, our Chili Day Cook-Off and our 4th of July Celebration & Golf Cart Parade. Cutler Bay is well connected to transit by way of the South Dade Transitway Corridor and we are serviced by two Florida Turnpike exits. Our Town provides a full range of municipal services including police, parks and recreation, planning and zoning, building, code enforcement and public works. We’re also served by eight local public schools. The heart of Cutler Bay, however, is our residents. In the fast-paced and ever changing world we live in, our residents have somehow preserved the familial, small-town feel we all know and love that has come to be known as the character of Cutler Bay. Whether you are a resident, business, neighbor or just checking out the area, you are welcome to enjoy all that our beautiful community has to offer! --- Tim MeerbottMayor, Cutler Bay
Travel Vlogger Tours Homestead, Florida
Homestead, Florida | Traveling Robert Traveling Robert spends a weekend at the gateway to the Florida Keys, Homestead and Florida City. He visits the main landmarks and tourist attractions, historic downtown, the Alligator Farm, Robert is Here, Knaus Berry Farm (well not really), Schnebly Winery, Miami Brewing Company, Alabama Jack's (we sort of), Gilbert's Resort in Key Largo, and the most famous local tourist attraction, The Coral Castle. He stayed at Southern Comfort RV Resort http://www.socorv.com/ He visited: Schnebly Winery and Miami Brewing Company http://www.schneblywinery.com/Brewery Cauley Square http://cauleysquare.com/ Alligator Farm http://www.everglades.com/ Robert Is Here https://robertishere.com/ Knaus Berry Farm http://www.knausberryfarm.com/ C oral Castle http://coralcastle.com/ Alabama Jacks Gilbert's Resort http://coralcastle.com/ Thanks and credit to Traveling Robert, support at http://freeinmyrv.com
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