Living in South Beach, Florida

South Beach, Florida has become one of the most desirable places to live in the nation. During the 1980's, this part of Miami was undergoing a very steep downturn in its history. The lesson that can be learned from this historical event has value in understanding the true nature of the recent housing crisis and how the market can adjust to anything and, oftentimes, how it can come back stronger than ever after having been through some of the worst-imaginable Fluctuations.

In 1980, Miami Beach known as an area where most residents lived on fixed incomes and where the community was affected by the scourge, which is commonly called "urban. There was little to be found and that a time-hopping playground of the rich and famous seem quite as old as time. This should not be too long, but as always the occasion where the crisis and in the case of real estate, sophisticated investors are oftenthose same investors who never let such an opportunity pass them by. They moved in and South Beach was soon to find itself booming once again.

The first wave of investors in South Beach at the time of its greatest distress were principally from the fashion industry. This is a fairly frequent occurrence: artists and those involved in associated industries frequently find trendy areas which aren't currently upscale and quickly move in in droves, gentrifying the community and adding value to the real estate. Such was the case with South Beach. The community quickly began to exhibit the signs of recovery. There was already enough in this community that all it needed was a bit of a jump start to get on its way and it did get on its way and very quickly.

By the 1990s, South Beach was hopping again. The Art Deco District had been rediscovered for the historical gem it is and the condominiums along the beach had been renovated, reconstructed and repopulated. Today, there is still great demand for these properties, even in the face of the real estate crash. Florida has been through more ups and downs than most places but it always seems to find its way up again. South Beach is a good lesson in the fact that, where real estate is concerned, it's either a buyer's or a seller's market but, either way, the market is always viable.