Did you know that Miami was named for the Native American tribe, the Mayaimis, that occupied the area until they were pushed out in the 17th century? Today, Miami is a cultural mecca that people flock to for everything from the beaches to the thriving nightlife. If you are thinking about renting a beach house in miami, you might be wondering exactly what the draw is of this place. Why buy a place here when you could go to Deerfield Beach instead? Here are three reasons that people from all over the country continue to rent and buy second homes in Miami.
1. The Weather
When it comes to the weather in Miami, you’re either going to love it or hate it. If you’re looking for rentals in miami beach, however, you’re probably going to love it, because you’ll find nearly perpetual beach weather here. The summers are hot and humid, and the winters are short and warm. Miami has what is known as a tropical monsoon climate. If you ever get too warm, air conditioning is always a few steps away.
2. The Culture
Unlike other entertainment cities, Miami isn’t just built on commercializing. Its roots are distinctly cultural, and much of the color and vibrancy of these neighborhoods owe themselves to the city’s large cuban population. If you’ve ever wanted the experience of hearing different languages spoken without having to travel to a completely different country, then this might be the place for you. As recently as 2010, Miami ranked 7th in the country for cities with the best overall entertainment, fashion, education, finance, and culture.
3. Why Invest in Real Estate?
Like many U.S. cities, Miami has been showing a strong trend of revival after the recent recession. Right now there is a resurgence of wealthy Latin Americans buying up Miami beach real estate, and new homes and apartment buildings are being built every month. Right now, there are more than 80 announced plans for future residential projects. In other words, if you become a Miami real estate investor now, it’s going to pay off in the next few years if and when you decide to head on out.
Have you invested in rentals in Miami Beach? Let us know in the comments