Miami Has a Four-Year Backlog of Overbuilt Luxury Condos Amid Affordable-Housing Crisis

By nearly every metric, Miami-Dade County is one of the most difficult places to live if you don’t make a ton of money. The county’s median income is a staggeringly low $44,000, compared to the $80,000 median income in a comparably expensive city such as Seattle. That means Miamians wind up spending a higher percentage of their incomes on rent than residents of any other city in America.

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