Miami's Boom Drives Up Cost of Living
Bloomberg Intelligence Senior Commodities Strategist Mike McGlone says Florida's tax advantages continue to attract people and businesses from higher-tax states, helping fuel Miami's rapid growth
Bloomberg Intelligence Senior Commodities Strategist Mike McGlone says Florida's tax advantages continue to attract people and businesses from higher-tax states, helping fuel Miami's rapid growth even as housing, insurance and other living costs climb.
He says affordability pressures are increasingly weighing on renters and middle-income residents, while elevated home prices and a construction boom suggest Miami's real estate market may be nearing a peak. More on Bloomberg Television and Markets Like this video?
Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg
Television on Connect with Bloomberg Business on TikTok Reddit More from Bloomberg Bloomberg Radio Bloomberg Surveillance Bloomberg Politics Bloomberg Originals Watch more on Bloomberg Technology Bloomberg Originals Bloomberg Quicktake Bloomberg Espanol Bloomberg Podcasts
The BriefWire