Home Prices in Miami are in a MEGA BUBBLE.

Home prices in some parts of Miami crashed by 57% during the last downturn from 2007-12, especially in a neighborhood like Hialeah.

Could home prices crash by that much again in 2024?

Potentially. Because the income levels in Hialeah are only around $40,000 median household income. Meaning that the typical home now costs 12x more than the standard household makes in a year.

This level of home price overvaluation is similar to what occurred in 2006-07 at the peak of the last bubble.
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Видео Home Prices in Miami are in a MEGA BUBBLE. канала Reventure Consulting