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Miami has a lot of "parked" wealth. Many elites like to use it as a part time playground.
Its metro and its economy though is average or subpar. But I voted for Miami though because it is notable. That sums it up.
Whereas somewhere like LA (which is in this poll and I also voted for) has elite that live there more so full time and use as a primary residence.
I voted for Miami and LA so I don't understand a simple assessment, I think Miami is elite, its just more of a playground and not really where the rich live full time. Its economy ranks pretty low for a metro of its size.
Location: That star on your map in the middle of the East Coast, DMV
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Quote:
Originally Posted by BostonBornMassMade
No IMO it’s not, but it’s different. It’s a different type of elite. Someone outlined some different types of elite on page 1 of this thread. You can’t judge all these cities on the same metric.
But what makes Boston more elite than Miami? With less uber wealth, less flashy buildings and cars, less celebrities, nightlife lags behind Miami, and a more buttoned down populace by comparison to MIA.
What are the factors that separate any of these cities is what I'm getting at.
Location: Miami (prev. NY, Atlanta, SF, OC and San Diego)
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I don’t disagree with you but this part time, or “parked”, wealth (real estate and yachts) has also attracted full time high end restaurants from NYC, DC, Europe and elsewhere, high end retail, the arts and world class annual events—which benefits many of us locals (not all of whom live on Fisher Island or Palm Beach, either) in the area. For those that cannot afford to take advantage, the world also needs bartenders and line cooks and there is more affordable housing inland...and in spite of the income disparity that exists, Miami doesn’t have anywhere close to the level of homelessness that other “better off” (some more expensive) coastal cities are experiencing.
I’ll stop at this since I’m starting to repeat myself, though more of the wealth in Miami is hidden or under the radar as far as government statistics since it relies more on small business (and retirees and foreigners and transplants who bring their wealth earned elsewhere—think of a MLB team building itself via free agency v home grown talent) than corporate industry.
No, Miami is not and never will be intellectual or corporate / career elite; it is more like conspicuous consumption or lifestyle elite, which often sets trends and inspires copycats (as well as wannabes / dreamers).
Quote:
Originally Posted by rowhomecity
Miami has a lot of "parked" wealth. Many elites like to use it as a part time playground.
Its metro and its economy though is average or subpar. But I voted for Miami though because it is notable. That sums it up.
Whereas somewhere like LA (which is in this poll) have "lived in wealth" and elite status. Its not just a playground. Its a full time daycare.
I voted for Miami and LA so I don't understand a simple assessment, I think Miami is elite, its just more of a playground and not really where the rich live full time. Its economy ranks pretty low for a metro of its size.
Last edited by elchevere; 03-03-2021 at 04:16 PM..
To back up your point, sales have been surging throughout the entire MSA since Covid due to less restrictive measures in the city (and state) resulting in more relocations, especially on the high end:
Yea Miami metro condo sales are blasting off now it's pretty crazy. The entire metro area is pretty much completely built out and already super infilled and dense wedged in between the Atlantic and the Everglades. How many other U.S. metros have absolutely nowhere to build by either infiling or going to the far edges of the metro? Also the majority of people coming to South Florida are from dense high-rise/skyscraper cities anyways and are used to condos already. Covid has accelerated the process a huge amount as i'm sure you've seen on the news. I can only imagine what South Florida is going to look like in a few years. The only direction left to build is up.
People act like South Florida is just going to stop growing sometime soon or something. Nah it's way too unique to the U.S. and the world to stop anytime soon. It might be a polarizing place but once someone falls in love with it they reeeaaaallllyy fall in love and will do anything possible to be there forever. I also think many well-off young people these days are realizing that South Florida has an end-game type quality to it and are just eating it up.
Location: That star on your map in the middle of the East Coast, DMV
8,144 posts, read 7,616,764 times
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Quote:
Originally Posted by elchevere
I don’t disagree with you but this part time, or “parked”, wealth (real estate and yachts) has also attracted full time high end restaurants from NYC, DC, Europe and elsewhere, high end retail, the arts and world class annual events—which benefits many of us locals (not all of whom live on Fisher Island or Palm Beach, either) in the area. For those that cannot afford to take advantage, the world also needs bartenders and line cooks and there is more affordable housing inland...and in spite of the income disparity that exists, Miami doesn’t have anywhere close to the level of homelessness that other “better off” (some more expensive) coastal cities are experiencing.
I’ll stop at this since I’m starting to repeat myself, though more of the wealth in Miami is hidden or under the radar as far as government statistics since it relies more on small business (and retirees and foreigners and transplants who bring their wealth earned elsewhere—think of a MLB team building itself via free agency v home grown talent) than corporate industry.
No, Miami is not and never will be intellectual or corporate / career elite; it is more like conspicuous consumption or lifestyle elite, which often sets trends and inspires copycats (as well as wannabes / dreamers).
When Fox News throws around the term "Coastal Elite" or "elitist cities" do you think they are referring to Miami?
But what makes Boston more elite than Miami? With less uber wealth, less flashy buildings and cars, less celebrities, nightlife lags behind Miami, and a more buttoned down populace by comparison to MIA.
What are the factors that separate any of these cities is what I'm getting at.
More elite institutions, political figures, history, old money, more educated populace.
Miami but more accurately South Florida including Naples and much of Palm Beach county.
LA
SF
Seattle
No...not most.
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