Nicole Doran-Manashirov and Dr. Ruslan Manashirov, who were married in May, had recently moved into the building. “If you come here to Florida and you can afford to be on the water, why not?” Ms. Kays said. The story was not quite the same in Surfside, which had to some extent been shielded from Miami’s booms and busts. Many of the houses and condos were winter homes for retirees. They sought a quiet home (or vacation home) and a solid real estate investment that might someday also be enjoyed by their children and grandchildren.

Source: New York Times July 12, 2021 09:00 UTC