The Great Recession, according to economists, technically ended a few years ago. But, based on jobless numbers and poverty, South Florida has a long way to go to ever recover from the economic downturn that devastated the nation.
Let’s face it, the cost of living in the U.S. is expensive and isn’t getting any cheaper.
When Brett Smith’s lease at Axis Brickell came up last month, his condo rent rose 15 percent, to an astounding $3,800 a month. That was up from $3,300 for the three-bedroom, three-bath condo, which he shares with two friends.
“Operation Clean Sweep” targeted unsafe Miami apartment buildings. Residents were told they had to move out immediately, leaving them without a place to live.
Inspectors examined three buildings in the city of Miami today in an effort to root out what they call “slumlords.”
The legendary Biltmore Hotel in Coral Gables will not default on its 99-year lease with the city.