South Florida

Is your Miami home too much to bear? Learn about buyouts, heat and wages

Stories by Miami Herald journalists, with AI summarization

The follwing articles focus on the economic pressures affecting homeownership in Miami-Dade. Rising costs, housing buyouts, increasing living wages and extreme heat can all take a toll.

Catch up with the stories below.

North Bay Village, junto a la bahía y muy cerca de la playa de Miami Beach, recibe proyectos residenciales de lujo, que aumentan precios inmobilarios. Un programa de vivienda de la ciudad ayuda a los residentes y trabajadores esenciales a comprar condos, alquilar o pagar servicios públicos atrasados. By MATIAS J. OCNER

NO. 1: IS YOUR CONDO RIPE FOR A BUYOUT? SEVEN SIGNS THAT DEVELOPERS MIGHT TARGET YOUR BUILDING

The Miami Herald spoke with three real estate experts who weighed in on the telltale signs a condominium is ripe for redevelopment. | Published October 4, 2024 | Read Full Story by Rebecca San Juan

Recently installed air-conditioning units at 2840-2842 NW 10th Avenue in Miami, Florida. Federal housing doesn’t require air-conditioning, but Miami-Dade County is funding new A/C units for hundreds of public housing apartments. By Jose A. Iglesias

NO. 2: ON SWELTERING MIAMI SUMMER DAYS, IT CAN BE HOTTER INSIDE HOMES THAN OUT, STUDY FINDS

“Everyone in Miami has AC. The question is does it work and can you afford to use it?” | Published March 21, 2025 | Read Full Story by Alex Harris

Marina C., 30, lives in a one-bedroom apartment in South Miami-Dade with her husband and four children. They struggle with high rent and low wages, leaving them with limited funds for essentials like furniture, a larger apartment, baby items, clothing, food and a computer for their children. Marina reflects on seeking a better life while caring for her two-month-old son, Anthony J., on Dec. 18, 2024, in a Miami Herald Wish Book story. By Carl Juste

NO. 3: HOW MUCH DOES YOUR LIVING WAGE NEED TO BE TO MAKE IT IN MIAMI? HINT: IT’S GOING UP

Here are 2025 Living Wage figures for Miami-Dade and Florida. | Published March 24, 2025 | Read Full Story by Howard Cohen

The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.