วีดีโอ

Florida weather is harsh, so it takes a lot to insure and maintain them. Weather will continue to worsen.

I been saying this before Colvid because I knew the Fed raising interest rates would force more sellers to eventually do price reductions. The lagging effect is only starting to show everything about where the housing market is going. Higher interest rates is a defensive strategy to prevent more homes going up for sale an if anyone is wanting to sell all that is making you thinking about delaying and procrastinating. This is building up a tsunami of homes that will happen to hit the market beyond 2027. The number of potential qualified buyers won’t increase substantially to meet all home sellers. Selling now makes more sense even with some small percentage in price reductions. If the Fed happens really lower interest rates OMG!!! you better know it’s been a long time an these home sellers are looking at losing the peak value on these homes because buyers will become ruthless with wanting serious price reductions. With so many homeowners no longer raising kids to adults an having more vacant bedrooms an they are age 55 +. These are going to become critical thinking times ahead with underfunded retirement planning problems being behind wanting to sell or age in place. Beware of where homes are for sale because there may be a load of problems with property taxes, high unemployment, retired homeowners, bankruptcy, fragility of homeowners in neighborhoods, environmental and public debt and poorly maintained infrastructure.

Pad splitting risks may give you hassles about ordinances limiting the number of unrelated people in a residence. You’re also exposing yourself to extra risk if one housemate attacks another (use your imagination). And you’re going to have to figure out how to bill and collect utilities without going broke. On the positive side, turns are easy because you only have to prepare one room and you basically never have to take the common area off-line. **In Florida, watch out for the sales tax you owe on rentals below a certain number of months.

shit is hitting the fan

hopefully retirees will vote correctly against their representatives.

Lay of the meth bud

Crash

Boom

nice short that showed me nothing ya prick

Lots of corruption in S Florida beginning with dear ole Ron DeSantis …

CRASH!

I know first hand these condos weren't built to code in the first place. they are unsafe, no amount of assessment fee will change that. as storms increase with frequency and power these buildings will fall like jenga towers.

Since you said that people need to lose some money, well, how about you lowering your percentage rate when you sell a home? Yeah, I didn't think so. Only for me but not for thee.

What a buncha of scumbags tryn to sell to get out

This didn’t turn out how you wanted it to

Boom

Common bud it’s the dam insurance

The solution to high prices is high prices. The market will fix itself.

Biden just dropped out of the race. The next present is going to be. DONALD J TRUMP🇺🇸🇺🇸

Price reductions are GREAT news... not bad. We need a 33% to 50% drop to reach a healthy environment.

Don't look to the Federal Reserve to help you on interest rates. They want to burst the housing bubble.

I had a 1700 sqft condo in 33480 Palm Beach, hoa 2500$, assessments of around 50k each year. Oceanfront. Not a 55+, still miserable people. This year the old hags planned new elevators , 30k for each this year. Fortunately not for me anymore.Full of self hating people from up north in their 70s. I hated it so much I got out last year. So happy now. Never again. Cost me in total like 2M , sold it got some profit, not important. Main thing is :out!

Ignorance at is best😂

Arizona is now looking really good though it will be the next area hit by water access assessments

Can’t take advice from anyone with teeth like that fuck me use some of that rental income and go visit the dentist

HOA's suck

Amazons mechanical turk is unsustainable... lol

Don't build on sand !

"Condos 150k....!". Anybody remember that commercial?

Awesome Sir! Keep up the awesomeness! Love from Alabama

I'm a disabled veteran. Where can i buy multifamily property with VA loan to live in and rent out other units ?

100% shop smarter

Prices have nothing to do with gravity

I think you mean inflated, not appreciated.

Don’t tell me this unless you’re spending it on an appreciating asset…..basically a house and that’s it, forget the cars, the shiny new appliances, the jet ski, they are garbage

This only works if inflation is higher than interest. Interest exists to BEAT inflation and it almost always done, therefore this advice is dogshit. Former banker here, if you want to lose less value on your money while it sits, invest it. Or loan it to the government for bonds. Don’t do what this guy says, for the love of god. And for the video poster, you understand we are in a debt crisis right now correct? You are giving financially irresponsible advice to people already buried in debt. Bad, bad boy!

It's Bidens world now

Interest being 3, 4 % lmfao. Before covid bro

I disagree with the crash coning in 2026. You're seeing massive cracks and the economy is not good. People are broke working multiple jobs to pay bills, car repos all time high, and people are having to take on more debt. I read recently that 60 million people are using Buy now, Pay later apps to pay for groceries. Also, you have insurance, property taxes, and Maintenance cost soaring that is putting more pressure on tiger consumer. The banks are insolvent and are holding on to massive amounts of toxic paper commercial and residential. Agents always blow sunshine up buyers a-ss. Sorry, buyer pool is shrinking and the stock market is NOT the economy dude.

I've thought for a while this law was just a vehicle to steal the properties out from under regular people in order to pass off to wealthy developers. People want to say the condo owners have been greedy, even though they have been paying monthly HOA fees that are often higher than my mortgage payment in CA. These six figure assessments need to be scrutinized because something stinks.

Whole Foods have scammed people,, long enough.😢

Over priced junk at Whole Foods. They are charging 18$ a pound for steak. I can go to Costco for 11$ a pound. They will never be able to slash as hard as wholesale.

Let’s remember that wealthy condo owners in wealthy Champlain Towers in wealthy Surfside did not want to approve costs of critical structural repairs

I have zero sympathy for seniors who paid virtually nothing into necessary reserves for 30 years and now cannot afford assessments for necessary repairs/maintenance. They wanted a cheap overhead. I feel sorry for the new buyers who now have to pickup the assessments.

I am only invested in class A neighborhoods and only want to buy there agin when I can make it. Have experience with loser renters and promised myself not to ever. Thank you for the video.

Exactly. If you want to know what's happening in an inflationist environment, you can watch what's going on in Turkey. Greetings from Turkey.

You should not make any more videos.

My family started going to the House of the Sun in the late 1970's. In 1976 my brother and I watched it begin construction. The next year we stayed. Loved the club room. In those days it had a pinball machine, pool table and ping pong table. It was not closed in and a breeze blew through the lobby. In 1978 things were pretty hippie free. I remember going down to the pool around 11am before lunch an about 7 kids were skinny-dipping in the pool with my brother. Something was wrong with the elevators and being on the 4th floor was a haul climbing the stairs. Outside the stairwell were always floats. Kids left often behind before heading home so it was first come first go in the morning. As kids we like shooting fireworks from the roof at night. Later, security patrols made that hard. Our rooms we had back then had a funky 70's look. Thick white shag carpets and crazy plastic hoop tables and midcentury artwork on the walls. It's been a few years since I have been back - I hope another generation of families are creating their own fun memories.

The legacy Americans the Karen's etc will either figure it out ir become one of the chosen lifestyle homeless ih deary me 😅 never mind suck it up move on ( pun intended)

I think you have AI confused with automation AI if you look deeper into is really flawed and can’t be used without human interaction I work at Walmart where we have a really cool system for inventory that is essentially a mix between a QR code and a barcode you’d think it works well but the damn thing is messed up constantly by human error and it’s built on the basis of less human interaction