I am considering a move to Miami and want to hear opinions from people that moved there in the past couple years. I have always enjoyed visiting South FL and really enjoy everything the city has to offer in terms of beach/outdoors, weather, real estate career opportunities, etc.
I do have a couple reservations though- mainly the city’s obsession of materialistic things and the fact that I do not know much Spanish.
Any insight would be greatly appreciated!
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South Beach, bringin' tha heat...
I think the final move will be 5 months Miami (coconut grove), 2 months Europe (courchevel, st tropez) maybe a month in Malibu (or the palisades or the hills), and 3-4 in nyc (soho). Get FL tax residency and the vacations nearly pay for themselves. For the single and low income years NYC makes more sense
How far away are you from that
Probably 4-5 years still unfortunately
Don’t live in Miami but personally.. love the city. Can be a bit ratchet at times but I rather be surrounded by that and diversity, than cookie cutter white tech bros 24/7
it can be flashy and materialistic but so what. As long as you’re not looking to find a wife there you’ll be okay
I lived in Miami for the past three years and can give you some insight. I am a recent grad from UMiami and thankfully, I was a bit fortunate to have parents who supported me so I generally lived a good life as a student.
Post-pandemic, everyone, and their mother moved down to South Florida. Everything suddenly became more expensive. A studio in Brickell costs around $2500-2700 which is crazy. In my freshman year I was renting a studio for a $1500. It is not like New York, nevertheless, still pricey for what we were used to.
As you mentioned, most are materialistic and into showing off their fancy new Rolex or Lambo. Conversations with people are fake, and the first question you will always be asked is "what do you do for a living?". Dating is absolutely impossible. With that being said, you will also be exposed to millionaires who moved from Europe/New York/Cali and who operate huge companies and can be a fantastic networking opportunity. With so many people flocking to South Florida, there is so much money that is being invested in the city. In the past 3 years, there are many brokerage/acquisition companies that have an office here. In regards to Spanish, I can't speak it either but I never had a problem. Most locals can speak a bit of English and you will manage to make it work.
The nightlife is really good and if you are into clubbing or high-end restaurants, you will have a good time. I advise looking at Komodo, The Deck At Island Gardens, and Villa Azur. Clubs like Eleven or LIV are fun too and often you will see celebrities hanging out over there too. The beaches are beautiful and the weather for most of the year is pretty good but it gets really hot in the summer. It also rains a lot in the fall so always have an umbrella with you. Overall, the city is pretty fun and lively but the fakeness and materialism can be a burden at times.
What do you do for a living is the most common first question in nyc too. Is dating worse than nyc? Miami girls are decently hot so figure it would be solid
They are hot but keep in mind, I doubt you will ever find a "wife" down here. Most women are there just to have fun and are looking for something casual. Watch out for the BBLs and the surgeries too.
Has there really been that much of a migration of multimillionaires moving to Miami?
Ditto to everything else though. I absolutely love the city but yeah, if you're looking for dating opportunities / wife - definitely not the place to look for one IMO. One of my best friends did meet his wife who grew up in Miami (in a quiet dating setting, not at a club) when he was there for work for a few months but she even admitted to have outgrown Miami nightlife in her early 20s as she got more career focused and wanted to settle down.
Very materialistic culture that I felt is way worse than what I've seen in NYC. I like to think of Miami as the East Coast LA but without the liberal politics.
Not looking for a wife till 40 so works out !
Not really in the way the media portrays it, but true on the margin. A good number of people I know spent COVID lockdowns there and have since moved back to NYC/LA because, in their words, they didn't actually like Florida, they liked that they could still go to bars, and now other places are back to normal. Realistically though, there's been money there for a long time from old New Yorkers (and those who keep a foot there just long enough to gain tax residency), real estate developers, wealthy Latin Americans and Eastern Europeans, and people on holiday for nightlife.
Probably continue to be a growth market for the foreseeable future, albeit not like it was in 2020-2021. Personally, it's a sick place to party and I'd be happy to have a condo there, but not my vibe for a permanent residence
I think it's super overrated. I'm hearing more and more working wealthy dudes are moving back up north.
A lot of the local hotties are getting squeezed out and moving to Tampa, Orlando, or even further north.
Nightlife is not what it was pre-pandemic. I was at Loews Miami a few weeks back, and was surprised how dead Collins and Washington Ave were. There are still lot of closed bars/restaurants, homeless sleeping in doorways. Wynwood is totally becoming a victim of its own success and developers are literally killing the vibe there as we speak. Shadows and canyons are gonna look make it look like Midtown soon.
Most of the Cali techbro/crypto transplants aren't really going out nowadays, and when they do, they are lame AF.
If you have school-age kids, you will need a raise or bigger % of book to pay for their schools and honestly I would not want to raise a family anywhere near Miami or South Florida.
Sure the billionaires can hang in their compounds behind their hedges, and keep their sex slaves in the basement, but Miami still gives me scummy drug and human trafficking vibes every time I'm down there.
My fund is considering a move to FL and if that were to happen, I'd do the 181 day thing to establish residency and then GTFO.
Culture/vibe is just weird and shitty in Miami. I like it less and less each time I go.
Before I get hit with MS, I'd say that I have friends in different neighborhoods and have been visiting for the last 10 yrs.
Miami hotels are nice
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