U.S. inflation is already kicking into high gear and poised to stick around for a long time, which makes real estate that much more desirable. Well-located real estate, such as Merrick Manor’s luxury condominiums in Coral Gables, has proven many times throughout history to be the safest hedge against inflation.
Wall Street Journal reported that U.S. inflation “accelerated” in September and stayed at its highest rate in more than a decade. Last month’s consumer-price index (CPI), a gauge of what consumers spend on goods and services, jumped by 5.4% year-over-year. Prices for gasoline, food, new cars, furniture and other goods are sharply increasing.
“Price increases stemming from ongoing supply chain bottlenecks amid strong demand will keep the rate of inflation elevated, as supply (and) demand imbalances are only gradually resolved,” said Kathy Bostjancic, an economist at Oxford Economics, a consulting firm, as cited by the Miami Herald.
Real estate is the ideal inflation hedge because property values largely remain on an upward trajectory over the long term. That is particularly true in Coral Gables, the most coveted residential area in Greater Miami because of its quality of life, safety, schools and beauty.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the Sales Gallery on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.