Purchasing a home in the South Florida area seems to be an elusive dream due to the increasing cost of living. However, the increasing prices vary according to the neighborhood. For instance, single-family homes and condos have over the last few years increased by 12.5% while those in Miami Beach have dropped by 5.8%. This is according to data based on the 1Q 2017 Elliman Report that analyzed trends in the Miami Beach real estate sector.
Why are Property Prices Dropping in Miami Beach, Florida?
Climate change is the main reason behind the falling property prices in the market for properties located along the Miami Beach as opposed to those in the mainland. The disintegration of the Antarctic and Greenland ice sheets will speed up the rise of the sea level, which will have devastating effects on the properties along the coastal line. There are projections that the situation will get worse with the sea level rise estimated to increase by three to about six feet by 2100. Property values in Miami Beach will collapse when mortgage lenders and financial institutions will stop financing the purchase of the doomed properties.
About Samuel Strauch
Miami has experienced a massive growth in its housing market thanks to the decreasing recession and people gaining the requisite liquidity to invest. So many real estate agents present in Miami help in ensuring that all real estate transactions sail smoothly. Samuel Strauch is considered one of the highly preferred, most experienced and reliable real estate agent present in Miami, FL. Samuel Strauch is a business graduate from Hofstra University, New York. He also went for further studies at the modern Erasmus University and Harvard University.
Samuel Strauch began his career in the banking sector before realizing his passion was in real estate. Presently, Samuel Strauch is a licensed real estate agent based at Affinity Realty Group and is the principal at the Metrik Real Estate Company. Metrik offers property management and brokerage services.
Adam Milstein loves Jewish traditions and is working hard to preserve them and pass them on to future generations. He’s an outspoken defender of Israel’s statehood and territorial rights, and is actively involved public affairs. Milstein’s work has been primarily accomplished working through the Milstein Foundation, the foundation he and his wife Gila started to promote their causes. As part of the Milstein Foundation beliefs, Adam and Gila are active philanthropists who are personally involved in all non-profits they support. They also embrace path life impact, or going after various age groups and educating them in appropriate Jewish roots and traditions.
His parents had immigrated to Israel from Latin America, and his dad even served in the navy during the first independence war. Young Adam often traveled around the country because his dad was a building framer whose job had him relocating frequently. When Adam was old enough, he enlisted in the Israeli Army during the Yom Kippur War of 1973, and even had the privilege of serving directly under future Prime Minister Ariel Sharon. He returned home where he married Gila Elgrably not long after the war, and in the meantime he enrolled at the Technion Israeli Institute of Technology. After completing his studies there, he joined his father in framing buildings for various properties.
Adam Milstein completed his education after relocating to the US, where he got his MBA at the University of Southern California. He became a qualified real estate advisor at Hager Pacific Properties, overseeing financing and property management facets of the firm, and later became Managing Partner. Adam Milstein started the family foundation in the year 2000, and has been dedicating much of his time to non-profit groups such as the Israeli-American Council (IAC), Birthright Israel, Students Supporting Israel (SSI), and Hasbara Fellowships. He was recently named at number 39 on the Jerusalem Post’s prestigious list of the “Top 50 Most Influential Jews of 2016.”