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New Evidence Of Great Tax Migration As Luxury Home Sales Surge In Miami Area

There more evidence that high income earners are migrating to Miami, according to Bloomberg.

In the fourth quarter of 2018, million dollar home sales rose 7.5 percent in Miami-Dade, 17 percent in Broward and 15 percent in Palm Beach, according to data from Miller Samuel and Douglas Elliman. That is contrast to most of the rest of the country, which as seen a slowdown in luxury sales.

All three counties are benefiting from the trend, with the statistics in smaller Broward County skewed higher by closings at a few new luxury projects, according to Terra Group’s David Martin.

Some are looking to relocate their entire businesses here, while others are just looking to live here for six months and a day, the article stated.

 

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Anonymous

Thank you Fl for not electing the guy that wanted to implement a state income tax 🙂

Pepper Lover

Could not agree with you more. That leftist would have worked his hardest to implement small minded spread-the-wealth bs policies. Keep government small in FL!

Polo

Your thinking makes you very small minded. What made the U.S.A. a great country was a great middle class. If you don’t spread the wealth, we going to end up like a BANANA REPUBLIC!

Anonymous

Middle class doesn’t get there by the wealth from others but by hard work and good ethics

Anonymous

You are right about that. The government is not doing anything to help the middle class and everything to help the billionaires that use their wealth to dictate to elected officials what they want to help themselves. That’s why 60% of Americans that work hard and have good ethics have less than $400.00 in the bank to handle an emergency!

Anonymous

If you were working than you would’ve seen an increase in your pay check this year

Anonymous

WHAT A JOKE! That increase in pay I got would not be enough to pay a root canal and expires in 2026. On the other hand, the richest 1% recrived a HUGE TAX BREAK and its permanent. #MAGA

Anonymous

they should have ‘how to manage your dollars’ in school
discussion. Type your comment here….

Anonymous

Um, what?

Anonymous

I bet that 60% that have less than $400 in the bank has an iphone, a pair of Jordan’s, x-box, top tier cable package, netflix, eats out every night, etc, etc… People need to take responsibility for their lack of discipline and NOT take away from people that made good decisions with their money.

Anonymous

So, the “60% that have less than $400 in the bank has an iphone, a pair of Jordan’s, x-box, top tier cable package, netflix, eats out every night, etc, etc…” got those things by taking them from “people that made good decisions with their money?”

I don’t follow so please explain.

Anonymous

“I don’t follow so please explain.”

You’re a hypocrite.

Anonymous

“Hypocrite?”

Dude said “I bet that 60% that have less than $400 in the bank has an iphone, a pair of Jordan’s, x-box, top tier cable package, netflix, eats out every night, etc, etc… People need to take responsibility for their lack of discipline and NOT take away from people that made good decisions with their money.”

Now I wanna know.. is he saying that these 60% people who GOT these things he mentioned by taking from people from people he said made “good decisions with their money?”

Anonymous

Please – go live a Commiefornia …

Anonymous

PLEASE TAKE YOUR HEAD OUT OF YOUR BUTT HOLE!

Anonymous

PLEASE LEARN A NEW COUNTERARGUMENT!

Anonymous

Sorry, they don’t know any counter arguments other than Hillary Clinton, Barrack Obama, and Democrats after my wealth (no matter how poor they are).

Anonymous

work hard and you should be middle class — don’t take my money to become one

Anonymous

It’s not about taking your money STUPID. Where you think the money for infrastructure, public schools, etc come from…..drums please… TAXES. Our public schools are crumbling, roads and bridges in disrepair, our airports look like third world airports and nothing is been done. We won’t be a superpower by the end of this century if the super rich wont start contributing in a fair way to the fabric of this nation.

Anonymous

Blame that on career politicians, left and right, forgetting they’re public servants. Taxing whomever won’t do anything good.

Anonymous

Join the discussion. Type exactly. i came here with the clothes on my back. in 1971 from germany. doing well now – not by loafing i can assure youur comment here….

Anonymous

Funny how the left used to pander to the working class until Reagan, when they realized the Democrats couldn’t give a donkey s**t about them, and now pander to a historically-Republican demographic just to tip an election with their amnesty welfare permanent underclass who turned California blue.

Anonymous

Yeah, keep listening to Uber-rich rightwing clowns like Rush Limbaugh who live in gated communities that’s so exclusive it has it’s own police force and they also get tax breaks that you can only dream of and keep believing that they have your best interest at heart.

Anonymous

Most gated communities I know around here are in blue districts. Rush actually lives on Palm Beach island off a public street. You can walk along the beach behind his home. Palm Beach has a history of liberal elites since the Kennedys, and Trump was part of it and now spills the beans about their B.S.

Anonymous

I like it when people like you yakitty yak without proving anything wrong. Rush Limbaugh lives in a gated community where even rightwing conservatives like Chuck Norris has a home.

Fool, keep listening to people like Limbaugh and FoxNoise and you’ll end up like those TSA and other government employees who voted for Trump.

Eric

That top 1% tax break really spread the wealth huh? Why are property taxes so high in FL? Because of no state income taxes. I don’t understand how some ppl don’t have a problem with the government helping the richest of the rich. But have an issue with the government helping the middle and lower middle class. Those ppl are voting against their own interests. Why couldn’t trump have split the tax break equally between the very rich & middle class? He’s a billionaire looking out for his own interests not ours.

Anonymous

What Democrat has ever honored their impossible ideas and doubled down on the little guy? They’re all open border globalists for cheap labor and votes.

Anonymous

Didn’t your Lord Ronald Reagan tell Gorbachev to “tear down that wall?” Oh, so, Republicans are the official spokesmen for when a wall is right and when a wall is wrong?

You people out there reading better stop thinking that these rich rightwing Republicans really care about you.

Eric

Florida has high property taxes because of no state income taxes.

Anonymous

Funny how GOP billionaires dupe these mediocre republicans that their pathetic little wealth is somehow being threatened by liberals.

Anonymous

Problem is that all this wealthy people moving down here have a capitalist guild complex and vote for the same policies they are fleeing from…

Anonymous

Join the discussion. Type your comment her ha. just what i said before i even read the article. they ruin nyc come to miami and ruin florida

Anonymous

I don’t see NYC ruined…

Anonymous

Limosine liberals buy politicians like DeBozo, Ocrazio, and Schemer so they’re not affected by all their virtue signaling policies that hollow out the middle class and leave the ultra rich and dirt poor. NYC has a legacy of it since Tammany Hall.

Anonymous

Yeah, and meanwhile Trump stacks his cabinet with ultra rich conservatives like Betsy Devos, Todd Ricketts, Wilbur Ross, and Linda McVahon to name a few and all billionaires. Heck, Trump placed Betsy Devos the head of the Education Department and she never even taught as low as kindergarten.

You better listen to Mitt Romney, he warned you righties that Trump is a “Con-man.”

Anonymous

You’re talking to people who wants to keep Miami in a third world atmosphere.

Anonymous

“Join the discussion. Type your comment her ha.”

What?.. and you want people to read and understand that garbage you wrote?

Anonymous

Problem is Miami has a lot of people who can’t put the correct words in a sentence, even if their lives depended on it.

“Problem is that all this wealthy”

No dummy… it should say “Problem is that all these wealthy.”

Anonymous

Why did I waste time reading this.. I don’t have the money to rub elbows with these rich people.

Anonymous

Yet!
If you follow the example of rich people in the US, yiu have a good shot of being rich yourself.
Douglas Elliman & Knight Frank put out a “Wealth Report” that follows the buying and investment preferences of Ultra High Net Worth Individuals. Economist suggest that if you buy (what you afford) in the same asset classes and ares that UHNI’s are investing, you will also see appreciation in your investments.

Anonymous

Keep thinking/talking like that and you never will

Anonymous

So, you’re rich?

Anonymous

Funny how this comment gets thumbs down but the poster it was addressed to never answered the question.