Sales of ultra-luxury condos are soaring. What does that mean for the rest of Miami?
Monday, February 22, 2021
"...experts say that the growing concentration of domestic Miami millionaires...will help grow Miami’s financial sector, earning it the same global attention as Miami’s hospitality, restaurant and arts sectors...Pricier homes translate into higher property taxes, which feed into municipal coffers to pay for police, fire rescue, infrastructure and other public services." https://www.miamiherald.com/news/business/real-estate-news/article249308420.html