University of Miami 2012 Forum

(housing, friendships, future exams, all things 2012)
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baileyxx

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Re: University of Miami 2012

Post by baileyxx » Thu Apr 02, 2009 5:24 pm

When do we fill out the roommate finder questionaire? I haven't heard anything about it.

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kellbell

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Re: University of Miami 2012

Post by kellbell » Thu Apr 02, 2009 10:58 pm

ShadowRabbit wrote:Ya, still not gonna risk it. At least for 1L i'm going to live by myself. Maybe 2l and 3l that will change, maybe my gf will follow me over, who knows. 1L I need quiet, peace, and some alone time. I've did roomates in college, and they were good, but I'm 28, going to be 29 in October, and I'm past the point in my life where I have the desire to write my name on my gallon of milk.

Still I can't imagine that the whole housing crises hasn't affected the apartments in Miami some what. I live about 100 miles away (west coast of fl) and apartment prices, like real estate, is dropping like a rock. I know people whose landlords are dropping their rent DURING their lease, without even requesting it. Maybe Miami has somehow bubbled off from this, but I doubt it.

Just saying the prices on apartment.com and what not, multiple places asking $1400 for a 1 bed room in coral gables, utilities included or not. I dont care what they are asking on apartments.com, no one is paying $1400 for a 1 bedroom anywhere. $1400 = what a $200,000 mortgage payment is, and I promise you, you can get one heck of a house in south florida for $200,000 right now.

I'll report back when I actually swing over there this month, but I'm pretty sure I'm gonna come back saying those apartment prices outside the ones right across the street from UM are inflated.
Good luck!

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kellbell

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Re: University of Miami 2012

Post by kellbell » Thu Apr 02, 2009 11:01 pm

baileyxx wrote:When do we fill out the roommate finder questionaire? I haven't heard anything about it.
I think after the deposit deadline. I vaguely remember hearing this last weekend...

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baileyxx

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Re: University of Miami 2012

Post by baileyxx » Fri Apr 03, 2009 12:49 am

Thanks...didn't remember that.

Also, --LinkRemoved-- Jonathan did the housing info sessions at law day. Good resource that will be updated soon it looks like.

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kellbell

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Re: University of Miami 2012

Post by kellbell » Fri Apr 03, 2009 9:29 am

Thanks for that link!

There's also a Miami off-campus housing page on facebook with lots of pretty pictures! I am way too excited. I need to stay off the internet for a while I think. Anyway, I spoke with the lady that operates that page, and she said not to really start the apartment hunt until mid-June.

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jkswisconsin

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Re: University of Miami 2012

Post by jkswisconsin » Sat Apr 04, 2009 4:05 pm

Turned in my seat deposit online last night... see you all in the fall!

wildcats12

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Re: University of Miami 2012

Post by wildcats12 » Thu Apr 09, 2009 7:59 am

couldnt make the housing chat last nite, anybody want to share their thoughts?

midrangejumper

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Re: University of Miami 2012

Post by midrangejumper » Wed Apr 15, 2009 6:07 pm

have any of you filled out the request for housing info, specifically for the roommate referral service?

midrangejumper

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Re: University of Miami 2012

Post by midrangejumper » Sat Apr 18, 2009 9:27 pm

just to let you guys know, there are a bunch of FB groups that involve the class of 2012 that i found. just search "university of miami law" and you'll see them. then you should join them obviously haha

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midrangejumper

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Re: University of Miami 2012

Post by midrangejumper » Wed Apr 29, 2009 5:26 pm

just filled out a roommate request form online! if you wanna be in the first edition, make sure you do that

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gekido

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Re: University of Miami 2012

Post by gekido » Wed May 06, 2009 10:50 am

Hey everyone, been a TLS member for some time but never really posted anything. I made my choice to attend UM a few weeks back and I felt I could provide some insight on housing, work, etc. to those from out of town. I'm a miami native and have worked in a law firm for about 6 years so I have a pretty good grasp on things. Feel free to email me or PM me and i'll be more than happy to help. If not, see you at orientation. 8)

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mrman17

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Re: University of Miami 2012

Post by mrman17 » Wed May 06, 2009 8:41 pm

Anyone thinking about buying a condo in Miami? I've found some really cheap listings online.

ayoung22

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Re: University of Miami 2012

Post by ayoung22 » Thu May 07, 2009 10:37 am

Yeah, I'm looking at buying one. What good sites have you found?

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mrman17

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Re: University of Miami 2012

Post by mrman17 » Thu May 07, 2009 4:47 pm

ayoung22 wrote:Yeah, I'm looking at buying one. What good sites have you found?
I've been looking at Prudential, Yahoo real estate, and condo.com.

Good luck with your search!

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nightlight

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Re: University of Miami 2012

Post by nightlight » Thu May 07, 2009 10:45 pm

I've been looking also, but my dad is my realtor so we've just been checking MLS. Be wary of the short sales: the price looks good, but it has to be approved by the bank. Less than half of these sales go through, and they take forever to process (or so I've been told).

Diablo360

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Re: University of Miami 2012

Post by Diablo360 » Fri May 08, 2009 3:01 am

I'm attending UM next year and was considering buying a place. I'm from LA where everything is still very very overpriced. I came to Miami and was like "wow, there are some good deals here." $300k buys a 2/2 condo in a new (er) building with unobstructed bay views. After about a month of searching and 3 trips to look at various condos and homes, and after multiple offers, i've determined that properties are still overpriced. They've dropped to more affordable levels sure, but I haven't seen many steals out there. This was based on a cash flow analysis. All of the units I was looking at buying costed $400-$600 more per month to own than to rent. Not the best idea in a declining market. Also factor in this: http://economist.mrwhipper.com/IMFresets.jpg

We're approaching the second wave of the downturn. There's over 1 trillion in TOXIC sub prime (option arm and alt a) loans that are set to reset in the next 3 years. These loans have a very high default rate and I guarantee you that many if not most of the loans that were issued from 04-07 during the peak were these types of loans. The condo market will get hit HARD. another 40-50% drop over the net 2-3 years is my guess.

Just fyi I decided to rent at Red Road Commons. They have one bedrooms for $1100 a month and the building is brand new and right next to campus. Can't beat that!

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