A sobering new report about holiday season debt homeowners expect to take with them into 2026 serves as a reminder that renting is the sensible choice in the current landscape. Brand-new apartment building Douglas Enclave is proving to be a saving grace for renters in the Miami market.

Realtor.com, citing data from Point.com, reports that nearly 70% of U.S. homeowners plan to increase holiday season spending and start 2026 with credit card debt. This comes at a time when credit card debt just reached a whopping $1.23 trillion, on top of overwhelming mortgage, property tax, insurance and maintenance costs. Reuters reports that 25% of “buy now, pay later” users are even relying on that method to afford groceries.

“Point.com’s survey makes it clear that more and more homeowners are relying on debt to finance everyday living,” the Realtor.com article states.

“Incomes haven’t kept up with expenses, but they’re not necessarily in a mood to cut back on annual celebrations either,” says Aaron Terrazas, economist for Point and author of the survey.

The survey also found that nearly 1 in 4 American homeowners say that they feel “extremely overwhelmed” by their current level of credit card debt— and this is before holiday spending.

“This shows that rising credit card debt takes a psychological toll, not just a financial one,” explains Terrazas.

As a renter, you can remove the stress of maintenance and other homeownership costs and lock in your monthly rent with an 18-month lease at Douglas Enclave.

As long as market conditions favor renting, new buildings that offer connectivity, convenience and unforgettable experiences like Douglas Enclave will be in high demand.

Douglas Enclave is an 11-story, 199-unit building with thoughtful mix of studio apartments, one-bedrooms, two-bedrooms and townhomes for rent. Individual apartments feature vinyl-wood flooring, open-concept kitchens, stackable washer/dryer units and efficient appliances.

Additional building amenities include a club lounge, business center, saline pool, fitness center, pet washing station, EV charging stations, storage space, bike racks, gated parking garage, package delivery room and on-site property manager and maintenance. Douglas Enclave is extremely transit-friendly and located next to a Coral Gables Trolley stop.

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district.

For more information about Douglas Enclave, call (786) 610-4811 or visit the leasing office located at 61 NW 37 Ave. between 9:30 a.m. and 6 p.m. from Monday to Friday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.