March 2014

Found 5 blog entries for March 2014.

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Riviera Beach voters have approved a $375 million public-private redevelopment plan for its marina.

Viking Development now has permission to negotiate a 50-year lease for the marina, which was previously managed by the city. The cost of the project will be picked up by the city and the developer, with Viking paying $336 million, according to the South Florida Business Journal.

The redevelopment will include new shops, restaurants, a boardwalk, updated marina facilities, a 300-seat event and $4 million in improvements to Bicentennial Park.

“The Marina redevelopment will bring hundreds and eventually thousands of jobs to local residents, in addition to millions in property tax revenues,” Riviera Beach Community Redevelopment Agency Executive Director

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According to Forbes "the gap between renting and buying is narrowing across the U.S., homeownership is still 38% cheaper than renting."

Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas according to Trulia Trulia’s latest Winter Rent vs. Buy report.

In Florida, it is actually 40-60% CHEAPER to buy than it is to rent a home! Buying beats renting, nationally, until mortgage rates hit 10.6%, which may be a while! With the increases in rents, rising rents hurt affordability relative to incomes and make buying less costly in comparison.

For those of you that are still renting, this shows you exactly why NOW IS THE TIME TO BUY!  Contact us today at www.Real-EstateInThePalmBeaches.com

 


 

Homeownership…
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