Fifteen working-class apartment buildings in South Beach just sold for $59 million. The new landlord plans to renovate the units and raise the rent by as much as 50 percent -- that means many tenants will be forced out. McClatchy adiaz@miamiherald.com
Fifteen working-class apartment buildings in South Beach just sold for $59 million. The new landlord plans to renovate the units and raise the rent by as much as 50 percent -- that means many tenants will be forced out. McClatchy adiaz@miamiherald.com

South Florida housing market barrels toward unaffordability

March 24, 2016 05:20 PM