How the sleeping giant EB-5 became a knight in shining armor Created by Congress in 1990, the Immigrant Investor Program, better known as the EB-5 Visa Program, allows foreign nationals to bypass long waits and obtain green cards in exchange for investing in U.S. job-creating ventures.
Traditional migration, which slowed to a crawl and actually briefly reversed itself during the Great Recession, will pick up again, with Baby Boomers moving from up North to Florida. In fact, sometime in the next few months, Florida’s population will eclipse that of New York. I recall, back in 1987 when I arrived in Florida, that possibility seemed improbable. […]
We’ve all heard by now of the unbelievably grizzly story out of Miami about Rudy Eugene, the man so off his gourd that he ate a man’s face off. Somewhere along the line this horrific attack became the source of comic fodder. Eugene’s been dubbed “The Miami Zombie,” and yes he even has a Twitter account. But I might argue […]
The good: All we can say is, you never know! When the real estate market collapsed, Miami’s downtown epitomized the worst excesses of the building boom. Glittering new towers sat mostly vacant. Today Miami’s downtown real estate is booming and bustling with life and commerce thanks to foreign investors and renters. A report by the Miami Downtown Development Authority indicates […]
What is killing Florida real estate? Excess inventories and falling home prices. House prices have been continuously falling for the first time in 70 years, and South Florida homeowners should expect the trend to continue. A surplus inventory of houses caused by Florida foreclosures and short sales is the mortal enemy of home prices. Lower prices are needed to sell […]
Florida real estate finally makes the #1 list for something positive. With the real estate market in recovery mode, owning a home is more affordable than renting in 72 percent of major U.S. cities. Miami, Las Vegas and Arlington, Texas round out the top three cities where buying is a safer bet. Renting is more affordable than buying in only […]
Orlando’s got the Florida real estate Magic and Miami has the Heat! Reports are in that Miami and Orlando are dragging Florida out of recession, but for now only Orlando is performing above its economic weight class. The Miami Herald reported this week that while Orlando represents just 14 percent of Florida’s 7.2 million-person workforce, it accounts for 46 percent […]