Brightline Rail Service, connecting Miami, Fort Lauderdale and West Palm Beach, will soon launch and offer discounted rates for its first few trips. The tentative first runs will begin in late summer with full service opening up in early autumn. Ride ticket prices have not been announced, but CEO Dave Howard stated that it is, “going to be less than the cost of driving your car” regarding the discounted tickets.
The bigger picture to this private endeavor is that it will connect our metro and stay east of I-95. At full service the rail will offer 32 daily round trips between Miami and West Palm Beach. This is a crucial step into changing South Florida’s car-centric culture. Traffic continues to be one of the leading limiting factors for economic growth in our market. Brightline expects a ridership of three million passengers per year.
Each county is getting its own station starting with a more than eleven acre Miami Central Station that will offer residences, offices and retail. Broward and Palm Beach Counties will get 60,000 square foot stations right in the heart of their urban core.
Landlords in the area should get excited because this brings the city connections that renters look for in a short or long-term home. The Millennial generation tends to especially enjoy alternative travel and staying close to major elements in the city.
Deutsche Bank puts out a report every year called “Mapping the World’s Prices” that lists the best cities in the world in regards to quality of life. They look at a number of variables including climate, pollution, traffic commute time, property price to income ratio, cost of living, health care, safety, and purchasing power.
Boston is ranked eighth on this list, behind Wellington, New Zealand (1), Edinburgh (2), Vienna (3), Melbourne, Australia (4), Zurich (5), Copenhagen (6), and Ottawa (7). Boston is the highest ranking city in the United States that made it on the list, which also includes the cities of San Francisco (18) and Chicago (22). Purchasing power was the main factor behind the lofty ranking, according to Business Insider.
Boston was also named the best city in the Northeast by Money magazine in 2016, as well as the fifth healthiest city in the country last year by The American Fitness Index.
“Repurposed, remodeled, and revamped.”
These words are being used more and more in the construction boom that Philadelphia is currently experiencing. Every week there seem to be new restoration and renewal projects proposed, or announced, in what are currently just dilapidated or un-used buildings.
What has been fantastic to watch is the effort and time developers have put into keeping the character and integrity of these architectural slices of history. Structurally, Philadelphia is an extremely diverse city with tons of variant architectural elements scattered throughout its limits. Keeping this personality alive is of utmost importance for the city.
has done a fantastic job detailing the many different developments.
Some of my personal favorites are below.
Converted West Philadelphia high school in the apartments named “The West Lofts
The old adage about grass being greener can be used in almost any situation, but because shelter is a basic human need, pretty much all of us can find something about our living situation, be it renting or owning, that we’d rather not have to deal with and could imagine being better if only we had chosen the other option.
A recent survey conducted by Trulia has found that nearly half the respondents had at least something to complain about after their decision. A whopping 71% of Millennials polled were disappointed.
- 44% of homeowners took issue with their purchase or the process they went through to get it.
- 41% of renters said they wish they had bought instead, despite the fact that 1 in 4 respondents with a household income above $100,000 said they didn’t even think they could afford to buy. A forlorn renter might ask, “What could possibly be wrong with owning?!” Well, the survey has a response: size does matter, apparently.
- 33% of homeowners wish they had gone bigger. (Sorry, tiny home lovers) Interestingly, 9% – a fair shake – wish they had gone smaller. (Are McMansions finally losing appeal?) For owners, another oft cited regret was the amount of remodeling they had done or not done:
- 26% said they wish they had made a different decision in that department.
So what about those remorseful renters who wish they’d bought?
Experts say they should make sure to do as much research as possible. A lot goes into buying a home, and you don’t want to make such a large purchase just to end up like those regretful owners living forever unsatisfied with their choice.
Buy when you have your sights set on long-term goals and have done all you can to pay down other debts and save up a considerable down payment. Do a lot of research and preparation, and give yourself firm boundaries before you start looking for your dream home. Shopping, falling in love, then figuring out how to buy that property is “not a recipe for success”.
Remember that while renting can be a pain, owning will come with taxes, insurance, maintenance, and more – all on top of that mortgage payment. And, experts say, be prepared to stay because you typically cannot break even until at least five years after your purchase.
The Frost Museum of Science opened in early May and has exceeded attendance projections each month since. The museum, which is located at Museum Park right off Biscayne Boulevard and I-395 is crushing expectations in its first three months.
May (partial month) – 87,662 visitors
June (first full month) – 115,838 visitors
July (through 7/18) – 79,900 visitors
The museum projected 700,000 annual visitors yet it is primed to double that number and then some. To put that in perspective, the Perez Art Museum Miami or PAMM for short, received 300,000 visitors in its opening year. The addition of the Frost Museum of Science should attract more visitors to the PAMM which will continue to make the entire Museum Park lot a success for cultural development in Miami’s urban core.
The entire area has seen a real renaissance since the Adrienne Arsht Center for the Performing Arts and Knight Concert Hall opened several years ago. The addition of flagship museums to the city’s interior is a nice complement that is just across the street and raises the area’s prominence. Walkability and green areas have historically been absent in downtown Miami so this addition brings residents of the local neighborhoods just that.
Social media is booming! In the real estate business, the use of social media platforms has become a sure-fire way to reach out and connect with your local market. Today, renters and home buyers expect businesses they work with to engage on social media, which is why it is important for real estate agents to make a presence on platforms like Facebook, Twitter, Snapchat, and Instagram. Social media gives real estate agents the opportunity to brand their real estate business by creating a business page that allows them to generate interest and leads without a huge financial investment. All social media platforms can provide important social engagement that can benefit building your business in different ways. Below are a few tips to properly use social media for your real estate business.
1. Post at the Right Times – You need to be posting when your followers are actually online—not when it strikes you or you “have the time.” You also want to make sure you post consistently and frequently. One or two posts a week won’t accomplish much; you need to be posting daily. It is easy to be overwhelmed and lose momentum, but having a plan will help.
2. Vary your Posts – Every social media platform reaches a different audience and is made for different types of content. You want to post the proper media on each platform and use networks that align with your goals. You also want to be sharing content that is relevant to clients in your town or city. Along with property postings, mix in other content, such as neighborhood news, home maintenance, design and repair tips, and advice for renting, buying, or selling. Most experts suggest following the 80/20 rule, so for every two promotions you share, post eight pieces of informational or educational content.
3. Track your Growth- Many social media management sites allow you to track your growth by showing analytics and engagement, which will give more insight on what is working with your audience.
The Rental Beast Platform allows you to capitalize on social media by directly posting new and attractive listings directly to your Facebook and Twitter pages. With the largest database of listings in the DMV area you will have a leg up on your competing agents. Working with our Broker Support Team, you can learn some valuable tricks for how to strategically use social media and connect with a larger audience.