When does owning in Miami become
a better deal than renting?
By: JAMES MCCLISTER
Source: Miami Agent
Buying a home in Miami is a great deal – so long as the owner stays in it for more than two years.
That was the conclusion of Zillow’s latest Breakeven Horizon report, which calculates how long the average homeowner has to stay in a home before it makes more financial sense than renting.
Nationwide, the breakeven horizon in 2016 was 1 year and 11 months. According to the report, that’s a 20-day increase from 2015, and the result of a widespread slowdown in home price appreciation.
Buying in Miami, however, a person needs to own his or her home for two years and a little over two months before it makes more financial sense than renting (assuming the home appreciates 1.73 percent in the first year). While that’s a relatively high breakeven horizon for Florida, it remains well below many other major metropolitan markets’.
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Public company proposes new hospital in Miami-Dade
Source: South Florida Business Journal
by: Brian Bandell
An affiliate of Acadia Healthcare filed a letter of intent with state officials to establish a new hospital in Miami-Dade County.
The Florida Agency for Health Care Administration received the letter of intent from South Florida Behavioral Health LLC, an affiliate of Franklin, Tennessee-based Acadia Healthcare (Nasdaq: ACHC), for a 104-bed adult inpatient psychiatric hospital. The applicant doesn’t have to specify the location of the hospital within the county until later in the certificate of need application process.
Acadia Healthcare Chief Development Officer Steven T. Davidson, who signed the letter of intent, couldn’t immediately be reached for comment. The company owns 568 facilities that treat addiction and behavioral health problems in 39 states, Puerto Rico and the United Kingdom. Its only South Florida location is the Wellness Resource Center in Boca Raton.
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