Miami seems to be the city with the highest risk of a housing bubble this year. Where do you all stand with home buying or prospective home buying? I feel so lost and feel like I can never afford it in this lifetime.

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Think about it this way with not buying down in Miami: At least you’re not responsible for high property taxes, high home owners’ insurance premiums, constant concerns about hurricanes, housing maintenance, potential HOA fees, overpaying for property, high interest rates, etc.

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Sure! That puts me at ease :D

I've come to terms with the fact that I'll be renting and overpaying for rent all my life.

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I sold my property two months ago taking advantage of the market bubble and went back to renting. I don’t recommend buying in this market. And as PO1 mentioned, there are many phantom costs of owning that make renting a better financial choice in most cases.
Check out Ramit Sethi’s content on renting vs. buying—it’ll help you feel better about “overpaying for rent.”

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I've always been a homeowner and have relocated here for a job. Renting now and I absolutely don't like it. I'm overpaying for rent, no doubt, esp when the landlord takes the cheapest route possible for everything. Looking now for that needle in the haystack and hoping to find a house soon coz there is no way I'm renewing my lease.

If you really want to buy, understanding how much you can actually afford and then getting pre-approved for a mortgage can set you up in the right direction. It's a struggle either way, you just have to pick which one works for you.

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