The Real Deal Miami

Miami falls among top buying markets

August 16, 2011 09:44AM

Miami is just the 20th-best city for buying homes as opposed to renting,
after being ranked first in January, according to real estate firm
Trulia. According to the data, it is cheaper to rent than to buy in
Miami. “It’s a personal decision, of course,” said Daisy Kong, a
spokesperson for Trulia. “But if you have a steady job and you are
planning to stay for seven years or more and have enough cash to put 20
percent down and enough left over for seven or eight months of expenses,
you’re better off buying in most places.” [CNN]