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The Florida Sun Sentenial reports that when South Florida's housing bubble burst and home prices plummeted, they never fell far enough to make rents or single-family homes affordable for the average family.
The median home price in Broward County last year was still $47,611 more than the median household could afford, according to an assessment performed by Florida International University's Metropolitan Center. The gap was $47,263 in Palm Beach County and $60,243 in Miami-Dade County, the report said.
Gay Realtor Ft. Lauderdale has reposted this story from the Florida Sun Sentenial August 26th.