Quote:
Originally Posted by MichiVegas
It's kind of a stupid stat, because these three cities were three of the worst in real estate depreciation just 3-4 years ago. Miami, especially, had cratering real estate values.
So a lot of it is just making up for massive depreciation during the recession.
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Well, not for all properties. My property is worth more now than before the crash. The difference today is that the appreciation is not lifting all boats equally with desirable properties finding all cash buyers at very high prices. Alas, this isn't uniformly true across the entire metro.
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