Subscriber Services
Weather

Tuesday, August 22, 2006

Another honor I would rather not have

So we're number 5 in the country when it comes to new housing units. Wowee! Who's living in these expensive places anyway? Most people I know can't afford the price of homes in the area -- and these are professionals. It's hard enough coming up with a down payment, especially if you're young, but it's unbearable to shoulder a mortgage payment to get you a decent home in a neighborhood with good schools. Experts, of course, say it's speculators who are driving the prices up. Well, when those investors all rush out to sell, what then?
I'm dreading the downtown Dadeland Mall area where luxury condos are being built all over the place. It'll be traffic jam central. If we're #5 in housing starts, surely we must be #1 in congestion. You can't drive anywhere in this town anymore because the roads are clogged with cars and trucks. Rush hour is no longer relegated to the morning and the afternoon.

1 Comments:

Anonymous Anonymous said...

I agree - there is tons of new construction PLUS all the apartments that are converting into condos...all very expensive.

A young couple, starting out, cannot afford to buy a home. They have to settle for a converted apartment and hope that they gain enough equity in a few years to sell and get into a single family home eventually.

The traffic is also partly due to the lack of quality public transportation in the South Florida area. Unless your destination is on the route of the Metro -- you are doomed to drive.

Dadeland will be a nightmare - if those units are filled. How many people will it take to fill all of these new condo units?????

I am amazed!

9:22 AM  

Post a Comment

<< Home