Despite the dismal real estate market, Miami is still a pricey spot, mostly due to its vibrant nightlife, tourism and large consortium of creative professionals. But the city dropped significantly in the ranks since 2007: 24 spots, to be exact, from No. 51 to No. 75 out of 253 cities worldwide. Want to take advantage of the decrease in prices? Try renting instead of buying.
Source and picture: Forbes
