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As wealthy Brazilians snap up Miami real estate, few benefit

in Apolitical by

Facing a teetering economy at home, wealthy Brazilians have been pouring money into what they increasingly see as the safest place to invest: South Florida real estate. So are Argentinians, Colombians, Mexicans, Venezuelans, French and Turks — almost anyone with money to shelter, a direct flight to Miami and a shaky economy to flee. Their cash has helped drive the latest twist in Miami’s ever-evolving transformation — from a 19th-century rail stop to a tourist-and-retiree hub to a haven for…

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