Many popular areas of the United States have undergone gentrification in recent years, and South Florida is no exception. Cities such as Miami are experiencing a so-called “gold rush” to attract ultrarich buyers, but this profitable endeavor for real estate developers has left many locals worried that they may have to leave the region if prices continue to rise.
Recent reports from the Guardian indicate that at least half of Florida residents have considered leaving the state due to the high cost of living, and that housing affordability is a problem for around 80% of them. Essential workers, such as teachers and healthcare professionals, are also reportedly “leaving in droves,” a distressing sign.
Matters are made worse by the fact that Florida is currently among the 10 most expensive states to live in, and that the Miami-Fort Lauderdale metropolitan area has become significantly more expensive in recent years…