Most desirable areas for a regular family to buy a property in Miami-Dade? (Hialeah: sales)

[sunshinejoe]

Even though the housing market has continued to go downhill in some areas, in some others, some properties do not last for too long in the market. I live in SIB and despite the fact that properties are a bit overpriced (IMHO) and foreclosures keep on popping up, they continue to sell fairly well. I have seen new developments in the Cutler Bay / Goulds area, but they are still a bit undeveloped.

I understand that it all depends on everyone's budget and the area. However, I consider regular/standard anything below the 250K. With that being said, what are the areas where younger families seek to own a property?

[doggiebus]

South and West is where you will find younger families just starting out more so than east in the more established older neighborhoods which cost more money. Places like Homestead, Cutler Bay, Country Walk, West Kendall are some ideas that come to mind.

[sunshinejoe]

What about in the North/Northwest area?

[sunshinejoe]

on a different note, here is an interesting report on how it makes more sense to buy rather than renting

Should You Buy or Rent? We Do the Math for You | Zillow Blog

[TheHurricaneKid]

Most diserable? Beach Property. That might be out of your price range, have you considered Miami Springs?

[amiamidude]

Originally Posted by sunshinejoe

on a different note, here is an interesting report on how it makes more sense to buy rather than renting

[URL="http://www.zillow.com/blog/2012-08-02/should-i-buy-or-rent-we-do-the-math-for-you/"]Should You Buy or Rent? We Do the Math for You | Zillow Blog[/URL]

That report doesn't argue to buy instead of rent, it merely gives a means of comparison based on ASSumptions. It also lacks a consideration for windstorm insurance costs. If you don't figure in that cost in your budgeting, in short time you'll be back here ranting about wanting to leave this place while your family eats ramen.

[hurricaneMan1992]

If you don't mind living in a condo or town house, Aventura is another option, you see more and more families with children of school age and not just retirees nowadays. In South Florida, the "starter home" is quickly becoming a condo, especially when you account for property tax and insurance. Anyways, for more typical suburban living, northwest Miami-Dade has some newer developments like Miami Lakes and Hialeah Gardens, as well as southwest Broward, though I don't know much about home prices there.

[hurricaneMan1992]

Originally Posted by sunshinejoe

on a different note, here is an interesting report on how it makes more sense to buy rather than renting

Should You Buy or Rent? We Do the Math for You | Zillow Blog

Thanks for the link.

Interesting how the "break even" time tends to be longest for the most expensive neighborhoods. Presumably they calculated this based on closing costs and real estate sales commissions, and possibly higher interest with jumbo loans. But if you take into account the higher property tax and insurance for these neighborhoods, it would seem to push that break even time back even further for the most expensive 'hoods. Especially insurance which is a function of home value, proximity to the coast, construction, and design. Many older neighbourhoods close to the coast were not built with today's hurricane codes and didn't take into account today's insurance discounts, so that adds to the price as well.

[sunshinejoe]

Originally Posted by hurricaneMan1992

If you don't mind living in a condo or town house, Aventura is another option, you see more and more families with children of school age and not just retirees nowadays. In South Florida, the "starter home" is quickly becoming a condo, especially when you account for property tax and insurance. Anyways, for more typical suburban living, northwest Miami-Dade has some newer developments like Miami Lakes and Hialeah Gardens, as well as southwest Broward, though I don't know much about home prices there.

I thought Hialeah Gardens was a bad area to live inb(according to the dade ounty map from CD). Am I mistaken?

[straight shooter]

Hialeah Gardens is a dump, it is full of low class people, and commercial and industrial properties.