Why is it so expensive to buy or rent in South Florida? Locals must compete with cash-rich foreign and out-of-state buyers, whose growing presence keeps driving up land and housing prices.

Why is it so expensive to buy or rent in South Florida? Locals must compete with cash-rich foreign and out-of-state buyers, whose growing presence keeps driving up land and housing prices. #PricedOutofParadise https://t.co/OlxvWrDmU4

— Miami Herald (@MiamiHerald) June 9, 2019