The decision to rent over buy is not just about affordability. Reports show that millionaires are continuing a long-term trend of renting for a variety of reasons. 

Kiplinger writer Dori Zinn examined the significant increase in millionaire renters throughout the U.S. and found that the following factors drove their choice: “high housing costs, better investment opportunities, lifestyle flexibility and uncertain market conditions.” 

“Rather than tying up millions in real estate — along with property taxes, maintenance costs and market fluctuations — many wealthy individuals prefer to keep their money liquid or invest in higher-yield opportunities,” Zinn wrote. “Diversification is key.” 

Those in Miami should think like a millionaire by renting at Douglas Enclave, where they can enjoy a vibrant and hassle-free lifestyle in a building that provides a true sense of community. As millionaires consistently prove, there are other ways to invest and build wealth instead of competing for extremely limited housing supply. 

Douglas Enclave is an 11-story, 199-unit building with brand-new Little Havana apartments available for rent. It includes a thoughtful mix of studio apartments, one-bedrooms, two-bedrooms and townhomes for rent. Individual apartments feature vinyl-wood flooring, open-concept kitchens, stackable washer/dryer units and efficient appliances. 

Additional building amenities include a club lounge, bike racks, gated parking garage and a package delivery room. Douglas Enclave is extremely transit-friendly and located next to a Coral Gables Trolley stop. 

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district. 

For more information about Douglas Enclave, call (786) 610-4811 or visit the leasing office located at 61 NW 37 Ave. between 9:30 a.m. and 6 p.m. from Monday to Friday, and between 10 a.m. and 5 p.m. on Saturday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.