Why Sunny Isles Beach?

Very simply, Sunny Isles Beach, Florida is likely one of the best real estate investments that a person could make today in luxury oceanfront real estate. Not Dubai, not European Med properties, not South America, not Thailand can match the affordability, the stability or the quality of the ocean front residences of Sunny Isles Beach. This area is known as the American Riviera.

But lets take a closer look at the investment side in today volital market. Why buy NOW?!

1) Inflationary pressures are building in the economy. Oil has doubled in price in the last 7months. The reason of which is NOT demand, but the lack of faith in the US dollar to hold its value as we rack up Trillion plus dollar deficits. The only way to finance the out of control spending in Washington is to print more money and to borrow it from overseas. Both of these schemes make the dollar worthLESS and thereby the price of properties and the loans to finance them will rise. Also, this feeds demand from overseas buyers who suddenly find themselves in a candy store of real estate sales with thier own currency buying MUCH MORE than they could just a year ago.

I have one property in escrow on the Beach in Sunny Isles that two years ago was selling for 1.2 million. It is in escrow at $690,000 with FOUR back up offers on the table. ALL foreign buyers. These prices will not last for Americans in the long term. As our currency weakens, we will be in increasing competition with foreign nationals coming in to buy up properties which to them seem like a steal. To us holding US notes, NOT! There is a window we are in at the moment that is what I call "pre-inflationary pretext" This is the time NOW to refinance to the lowest possible rate you can if you are staying in your property. This is also the time to lock into a property at low prices with relatively cheaper US dollars. THIS WILL NOT LAST friends. Dont get caught with your pants down. We are reliving 1971 all over again and we all know where this is headed. Its Jimmy Carter part two. Why politicians continue to think they can defy gravity is beyond this Real Estate Professional, but it happens perannually none the less.