Quote:
Originally Posted by ASAP
dont know about you guys but the RE market in Miami is borderline sham levell... 300k condos in key areas rent for 2k a month... some are sub 800 sq ft. To buy your mortgage payment would include a $500 a month HOA, taxes and upkeep... if you were to rent that for 2k, you are already upside down monthly. As far as buying out of the city, be prepared to deal with monstrous traffic to get from a 30 year old house that looks like a shack for 300-400k... timing is awful right now.
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ASAP, what are the annual property taxes on the $300k, 800sf condo in Miami?