Douglas Enclave Blog
The big recent news that Moody’s downgraded the U.S. credit rating drove mortgage rates back above 7%. That is another setback for aspiring homebuyers who have waited for a significant drop in mortgage rates. It also reinforces why renting makes much more sense than buying in today’s market – especially in Miami. A new report ...
A new report shows that in order to purchase a home in Florida, a household income way above the Miami-Dade County Area Median Income (AMI) is needed. This is yet another reason why renting is your best choice in the Magic City these days. An analysis by Realtor.com determined that a family of four would ...
A new report from LendingTree quantifies the significant gap between the cost of renting and owning in Miami these days. The numbers don’t lie: apartment buildings like the brand-new Douglas Enclave are the best option for those facing housing decisions in the Miami market! Based on median monthly rents and median monthly housing costs for ...
The developer of Douglas Enclave is offering two unbelievable *March specials for a limited collection of available studio apartments at the brand-new building. These studios are ideal for professionals dealing with financial pressures from student loan payments and other debt. For this month only, unfurnished studios at Douglas Enclave are available for just $1,995 per ...
Is it smarter to purchase a home instead of renting in today’s market, or is renting and investing the savings the way to go? One financial professional and homeowner thinks “most people would be better off renting” these days. In a column published by Business Insider, a former financial advisor and current homeowner expresses regret ...
In Miami, converging trends point to renting as a much better option than buying. Recent remarks from Federal Reserve Chairman Jerome Powell emphasized how the “growing crisis in the insurance industry” will make it extremely difficult to obtain mortgages for homes and condominiums in our area. A report in The Economic Times cited comments from ...
The combination of Florida’s condominium crisis and staggering annual non-mortgage housing costs reinforces why renting is the best option in the Miami market. New reports dive deeper into the impact of the state’s stringent condo laws and national cost-of-living challenges for homeowners. ...