Rental outlook for 2009 shows average rents (for one- to three-bedroom apartments) declining in Miami-Dade by 1.3 percent to $1,109.
Nevertheless, we're not at the bottom and home prices have adjusted so much, it might make sense to jump into the market, expecially in Miami Beach.
Real estate specialists are debating on what to do,it is the first time in a long time that the cost of owning a condo or a home in Miami Beach a person can buy a condo in a new complex at the current list price of $220,800 and save $775.92 annually over renting an identical unit for $1,350 monthly.
Contributed by MLR Realty
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