Posts Tagged ‘Luxury bui’
About Miami Real Estate: Buying or Renting? Which is better?
To buy or to rent? Which is the cheapest?
An article in Trulia states that buying is cheaper.
It studied homes from June 2012 to August 2012.
Lakeland-Winter Haven is very cost efficient for a home buyer. Most homes were around 45% cheaper and in Lakeland – Winter Haven it was 61%!
SAN FRANCISCO – Sept. 18, 2012 – Trulia released its Summer 2012 Rent vs. Buy Report, and buying was a better deal in all top 100 American cities considered.
To conduct the study, Trulia says it started by looking at the homes for sale and rent on its own site between June 1 and Aug. 31, 2012. For comparisons, it assumed a 3.5 percent mortgage, itemized income tax deductions at the 25 percent federal tax bracket, and a seven-year time horizon before the home is sold. It factored in “all cost components,” including transaction costs, taxes and opportunity costs.
Overall, Trulia says, homeownership wins hands down right now. While the buy-versus-rent savings varied greatly among the cities, buying was the best choice in all 100 markets.
Trulia says it’s about more than percentage differences, however. Detroit ranked at the top, where buying can save 70 percent, and it overshadows San Francisco where a buyer only saves 28 percent. However, homes are more expensive in San Francisco, so the actual dollar savings of $899 near the Golden Gate Bridge could overshadow any percentage savings in Detroit.
One Florida metro area made the top five list for home buying affordability. According to Trulia, the monthly cost of homeownership in Lakeland-Winter Haven is $495, while the cost of renting is $1,276 – a 61 percent ($781) savings for those who choose to buy rather than rent.
“Homeownership is cheaper than renting in all of the 100 largest metros by a wide margin,” says Jed Kolko, Trulia’s chief economist. “Rents continue to rise faster than prices, and mortgage rates are near record lows.”
However, Kolko says many people can’t take advantage of homeownership’s historical affordability because “it takes years to save enough for a downpayment, and it takes a high credit score to even qualify for a mortgage, let alone to get the best rate.”
© 2012 Florida Realtors®
Marguerite, Real Estate Agent
Breakfast at Grove at Grand Bay
Grove at Grand Bay was designed by the architect Bjarke Ingels.
I had breakfast at the sales office and had the pleasure of learning about this amazing set of buildings.
I was with a group of people from the EWM Brickell Office.
A maquette of the two buildings that will be facing the marina. The buildings are twisted and form a beautiful organic design. Architect “Bjarke Ingels” is a genius.
The apartments will have the possibilities of having gas stoves, butlers, chefs, air conditioned garages and so much more. Many beautiful views from all sides.
This is what the buildings will look like.
The gardens will be designed by the landscape architect Raymond Jungles.
Visit his site for more beautiful landscapes Raymond Jungles
Here you can see some of the past work done by Bjarke Ingels and a view of the location.
This is the coolest video about his work
I think that the Grove is going to go through some fantastic changes. Grand on the Bay is for people who are serious about living well!
Real Estate Miami 