Will Miami get less expensive? Watch what wealth advisors are telling clients

Five years from now, South Florida real estate will be cheaper than it is today, transportation costs will plunge and fewer cars will clog the roads.

A crazy prediction that belies the identity of this metropolis? Perhaps. But it’s what Miami-based wealth advisor Patrick Dwyer is telling his billionaire and multi-millionaire clients.

“The next 20 years is probably going to be the greatest chapter in the history of this city,” Dwyer says. “We think the cost of many, many things is going to fall tremendously.”

Dwyer and Gregory Pool are managing directors with NewEdge Wealth Aligned Miami, a wealth advisory firm in Brickell.

The two talk to their super-wealthy and more modestly wealthy clients nearly every day, helping them manage their money, learning what’s on their minds and advising them of future trends.

Dwyer and Pool’s clients include eight families each with net worth of more than $1 billion and tech founders who are millionaires and have private stock worth another hundreds of millions. The lowest salary one of their clients makes is $250,000 a year.

Since late last year, a new cluster of uber-wealthy people have flocked to the Miami area. They include Google co-founders Larry Page and Sergey Brin and former Starbucks CEO Howard Schultz.

This trend built on one started during the pandemic, driven largely by the tech sector.

In the first video of this series, Dwyer and Pool shared why their clients like South Florida. In the second, they discussed the wealthy’s fears over economic disruption and how that’s driving their decisions.

Now they talk about how they see those major economic shifts playing out and how they’ll reshape South Florida.

“The ultra-wealthy, they actually see the upside of all this technological change,” and they’re investing in it, Pool says. But their fears revolve around employment, particularly for their children.

“Folks that are worried about having a job are going to be spending less” in the coming years, he says. “That is a risk” for the economy.

He and Dwyer also talk to their clients about a political fallout they expect from the coming economic changes. Yes, another one. The country’s political class is ill-prepared for that, they say.

Watch the video at the top of this report to see their great, wild optimism about the economy and South Florida — coupled with candid talk of some of the biggest risks.

This story was originally published July 10, 2026 at 5:00 AM.