As a realtor you should know that you shouldn’t have bought a condo that cost you 240,000 and you put 100,000 almost 1/2 the value what you paid for it in upgrades. Not good. Max you should have put $35,000 in upgrades
Thank you for sharing your perspective! You make a valid point about managing investment in upgrades relative to property value. It's a fine balance between enhancing a property to maximize its appeal and ensuring that the investment is proportionate to the property's market value. Every situation is unique, and sometimes decisions are made based on factors beyond simple return on investment, including personal enjoyment or specific circumstances at the time of purchase. I appreciate your input-it's a great reminder of the importance of strategic planning in real estate investments.
It was her forever home. So it is ok if she wanted to invest and fix it up to be just the way she wanted it. Unfortunately it was a condo situation, where the rules can always be changed from under you. I will never do a condo for that reason, among others. Also the insurance situation there went very far south. I have done much the same thing nearly in the Midwest. Is our forever home. Fortunately it is a house fully owned and not a mortgaged condo. If I pass and don’t make a profit on it , I will not care. In such a case, renovate and invest in what you want as long as your not borrowing and plan to make it a forever home. Could not do that kind of invest so much thing though if still working, as one never knows these days when a job is going to disappear or given to just pick up and go.
I don't agree. That was going to be her forever home. Cosmetic remodels which is what she did can easily run up that much. If you like the location somewhere but the place is just old and shitty? Remodel
@@Freedom-dq8rn You never know if a property will really be your forever home, many things can happen: natural disasters, change in zoning, bad neighbours, serious health/mobility issues, etc.
The condo market is dying because of the new state laws requiring condo associations to make sure properties are safe and in good repair (as a rest of that tragic condo that collapsed a few years ago). Association fees are off the charts now.
I’m current in Brandon, Florida. I up and moved here in April 2022 by myself. I purchased a townhome but I agree that it’s very expensive! I hope to put my townhome on the market in 2026. I need to figure out where I want to live. Prior to Florida I up and moved to Nashville, TN I lived there close to 2 years and realized it was way too cold for me during the winters. I am 57 and been a solo travelers since I was 33. You got that right you only get one life! I’m happy I found your channel! ❤
Thank you so much for sharing your journey and for being here-it’s great to connect with someone who understands the ups and downs of relocating and solo travel! I can completely relate to your thoughts on Florida being expensive, and I think it’s smart to plan ahead for your next move in 2026. It sounds like you’ve explored a lot already, and figuring out where you want to go next is an exciting step. Nashville is a great city, but I hear you about those winters-they can be rough! I love your adventurous spirit and your focus on making the most of life. It’s so inspiring! I’m so glad you found my channel, and I look forward to sharing more with you. ❤ Wishing you all the best as you plan for your next chapter!
I did it. I sold my home, my car, my belongings. I purchased a one way ticket to the UK , with my dog. Our age is just a number on our birth certificate. It CAN be done. It is a matter of closing one door and watch the next one open.
Your journey is a fantastic reminder that it's never too late to change paths and open new doors. Best of luck in the UK-I'm sure many exciting experiences await you, my friend! 🌍✈🐾
Thank you for sharing your perspective; it means a lot coming from someone with your experience. Florida real estate definitely has its challenges, and I've learned so much through my own ups and downs. I really appreciate your kind words and support as I move on to new opportunities.
Thank you for sharing your perspective-I can definitely see why you feel that way. With rising costs, unexpected assessments, and insurance challenges, Florida real estate can feel like a money pit for many homeowners. It’s been a tough lesson for me, but I’m grateful for the experience and the insights it’s given me to make better decisions moving forward. Thanks for your comment!
I bought a new leasehold apartment in the UK. A complete nightmare of fees, agencies, inspections, service charges, escalating ground rent, legal fees, unfair tenancy contracts, unwanted repairs and mounting maintenance costs. Plus the actual mortgage repayments on top of that. A depreciating asset as the leasehold years diminish. I'd NEVER buy another leasehold flat/condo/apartment, and I'd recommend anyone with any sense doesn't either. You don't own it and you have very few rights and ALL the costs and ALL the risks on you. Add to that the truly awful build quality of newbuild in the UK. Currently renting and happy to be out of it.
Thank you for sharing your experience-it sounds like an incredibly frustrating and challenging situation. The mounting fees and limited rights with leasehold properties are definitely a tough reality, and I can completely understand why you’d choose not to go down that road again. It’s especially disheartening when the build quality doesn’t match the investment. Renting and being free of those headaches sounds like such a relief! It’s a good reminder for others to carefully consider all the costs and risks before making such a commitment. I really appreciate you sharing this-it’s an important perspective that more people need to hear. Wishing you all the best in your current living situation and beyond!
@@susanDavies-c9t Wow, that’s incredible! It sounds like your sister-in-law’s community is really taking a stand to address the challenges of leasehold properties. It must have been a powerful movement to even get it to Parliament and into the papers. Hopefully, their efforts bring about some much-needed change in those laws-it’s such an important issue for so many homeowners. Thank you for sharing this!
I was an army recruiter in Sarasota, not a place to buy. He'll No!!! Retired from the military, My Fiancé committed suicide back in 2018, put my house up as a.rentsl property in Scottsdale AZ, and has been living in my Camper, and I save so much money!!! Oregon is a beautiful state. The weather is gorgeous up here, from Ohio, and i will never move back there. God bless you and never ever be afraid to travel. P.S Hated the fact of not having 3 or 5 people to come over and have dinner with me during the holidays. No one wants to join me, including families, tired of living in 4 bedroom home. I'm happier now. Good luck to you.
Thank you so much for sharing your story-it’s truly inspiring how you’ve found a way to move forward and create a life that works for you, even after such heartbreaking loss. I’m so sorry to hear about your fiancé, and I can only imagine how difficult that must have been. It’s amazing how you’ve turned things around by simplifying your life and saving money, even finding joy in your camper. Oregon sounds incredible, and I love hearing how happy and at peace you are there. I understand what you mean about the loneliness during the holidays, but it’s great that you’ve found contentment in a simpler, more meaningful lifestyle. Thank you for your encouragement-it means so much. Wishing you continued happiness and blessings in this next chapter of your life!
Gen X are resilient. I just found your videos and I love them. I'm surviving colon cancer and know first hand to make the most of every day. I'm 56 and live alone. I'm not in the position to travel, but I hope that changes soon. I wouldn't mind just picking up and moving someplace else. Just for the bragging rights that I did it all by myself. Your story is inspiring. Thank you!
Thank you so much for your kind words and for sharing your story. Gen X really is resilient, and you’re a true testament to that. Surviving colon cancer and focusing on making the most of every day is such an inspiration-I admire your strength and determination. Even if you’re not in a position to travel yet, I believe that your time will come, and when it does, you’ll absolutely deserve those bragging rights! Keep dreaming and pushing forward-you’re amazing, and I’m so grateful my story could inspire you!
Thank you for your insight! You're absolutely right-there are so many factors that impact the real estate market beyond just leadership, like interest rates, the economy, and even natural events. It really is a feast-or-famine industry, and navigating those ups and downs has been such a learning experience for me. I appreciate you taking the time to share your perspective!
Correct. It confuses me why so many people think the US President can do much of anything, no matter the party. It's the Executive Branch, not a monarchy. The Executive's job is to implement laws passed by Congress. Presidents have to follow the laws Congress passes. There is some flexibility, but doing things like lowering prices at the grocery store is nonsense. This misunderstanding then leads to voting for the biggest lair (both parties) because people actual think the President has the power to do all the whacky promises they made. Just silliness. The only chance a President has to make a big difference is if they also have Congress on their side and the President is an effective leader (arm twister). Most times when either party controlled both branches a lot of infighting broke out and nothing much got done.
The current President (the corpse) printed money carte blanc to fund nonsense, leading to inflation which led the Fed to raise rates to fight that inflation .. so Yes, Biden did cause rising mortgage rates
When I retired I moved across the Ontario border to Quebec. I didn’t speak French but had taken a course. Since moving I took two more. I bought my 1970’s bungalow that was fully renovated for $174,900 Canadian. I has a double lot and is in a very small subdivision. Since I moved in I did more renovations that I wanted to do and I’m here until I can’t anymore. I love it here in a small community that is 1.5 hours from Ottawa. Another great video on your channel. Sorry to hear about your financial loss. I lost a lot when my ex left but c’est la vie 😊
Thank you so much for sharing your story, and I’m so glad you’ve found a place that feels like home! It sounds like you made a wonderful choice moving to Quebec and creating a life you love in such a charming community. Your bungalow and double lot sound amazing-what a great find, especially at that price! I admire your determination to embrace the change, even taking on learning a new language. It’s inspiring to see how you’ve made the most of your situation, even after the challenges you faced. C’est la vie indeed-we learn, grow, and keep moving forward. Thank you for your kind words, and I truly appreciate your support for my channel!
At 63 and a similar place in life-I have a sense of being lost. I moved to Fl and love it, but the swarm of migration changed the simplicity of FL. I moved to TX to be closer to family & my car insurance is noteably higher in TX! TX is HOT! Weather much like the gulf of FL where I lived. It’s hard ‘starting over’ more so emotionally when your decision has no tail to steer the kite. I remind myself, today is my best day & not to look back or fear tomorrow….live today. It’s not easy when your life has been caring for family, working full time & no moment to rebalance. TX is new to me and not as laid back as FL. I think people are less friendly and not sure if it’s my age & social groups have already been formed…or if the events over the past few years prompting extreme migrations has intruded on natives of the area and new comers are trying to adapt with no social anchor. It’s different and I don’t think it’s the place as much as it is the times (age or today’s reality). Anyhow, I love following your adventure. I may learn something and meanwhile I feel there’s others in the same emotional place as I am. I wish you the best…be encouraged & fearless.
That was my experience in the 80s and 90s and lost several houses. I financed at 14% interest - and these rates have been way to low for way too long. This never ending real estate bubble baffles my mind.
Thank you for sharing your experience-financing at 14% interest must have been incredibly tough. It’s a stark reminder of how much the market has shifted over the years. You’re absolutely right that the prolonged period of ultra-low rates has fueled an unsustainable bubble. It’s frustrating to see history repeating itself in some ways, but I appreciate hearing your perspective-it adds so much to the conversation!
my first 2 houses were at 13%. I remember those days. I still have them as rentals now. Overtime it well balances out. Real estate takes time. Paid lots of interest but was a great motivator to pay them off early. No payments for decades now and that income has been wonderful.
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@@VeronicaEdwards50 It depends on when you buy. Yes, if you bought in 1984 the interest rate was high but it was the beginning of the Ronnie Raygun years of prosperity. As a result, by 1987 you could have easily sold that home for a profit or refinanced at a much lower rate. That was actually the beginning of the cycle that led to 2% mortgage rates. The cycles take a drastic change now, But imagine selling the home you bought for $75K in 1984 at the peak in Aug 2022. It's all a matter of Ty Ming. We may have to go back to 1984 to adjust out all of the excesses created by govmint collusion with Wall St and corporate Amurika. It's going to be more exciting than ANY TH-cam channel.
I totally understand where you’re coming from-condos can seem like a risky choice, especially with everything happening in the market right now. Losing what I did was definitely tough, but I know many others have been hit even harder. Hopefully, some of these issues will be addressed to make condo ownership more secure in the future. Thank you for sharing your thoughts!
The interesting thing about buying a home is unlike everything else you purchase that loses value immediately… car, furniture, clothing, etc..a home will increase in value the longer you live in it. If you put the minimum amount of money in it to keep it valuable it still should be profitable. The reason has nothing to do with the home…it’s the property.. the land. The taxes on the property are needed to provide services for the state and sometimes the state needs to step in and regulate efficiently to prevent a collapse like you’re experiencing in Florida now. People ran to Florida to avoid higher taxes..the homes were cheaper and regulations were loose.. the result were prices skyrocketing out of control..massively overvaluing the homes and creating the problems you see today. Insurance companies for years had the ability to handle storm damage and claims when the homes were priced low…now they’re gone. Unfortunately it’s a system driven by greed and eventually the little guy ultimately has to pay.
Thank you for your thoughtful and detailed comment-it really breaks down the challenges in the Florida market so well. You’re absolutely right that the value of real estate often comes from the land, and when taxes and regulations aren’t balanced effectively, it can create a cascade of issues like we’re seeing now. The insurance situation is a prime example-when home values skyrocketed, it threw off the system’s ability to absorb risks, leaving homeowners in an unsustainable position. It’s tough to see how greed and short-term gains have had such a long-term impact, especially on everyday people. I really appreciate you sharing your insights-it’s such an important conversation to have!
Thank you so much for your kind words and encouragement! You’re absolutely right-understanding and accepting what life throws at us is key, but the most important part is to keep going and truly live. Your positivity means so much to me!
Wow, thank you so much for your generous $10 donation! Your support means the world to me and truly brightens my day. It’s encouragement like yours that keeps me motivated to share my journey and create more content. I’m incredibly grateful for your kindness-thank you again from the bottom of my heart!
Texas and Florida The taxes and insurance are so high that no one can afford them nor would want to own them. You’re lucky to be out. The interest rate has little to do with.
Thank you for your comment-you’re absolutely right that the high taxes and skyrocketing insurance costs are making it so difficult for homeowners in Texas and Florida. It’s a tough situation, and I do feel fortunate to have moved on. I agree, interest rates are just one piece of the puzzle, but the real burden seems to be in the ongoing costs of ownership. Thank you for sharing your perspective!
Yes, I am inspired, because you are actually DOING something about your life's situation. There comes a point where we need to assess and take steps toward our goals. Do we want to see our family/grandchildren more? Then maybe WE need to move or take trips to see them. Do we worry about $$ for retirement? Time to cutback on extras or work longer hours for a season. Do we want good health? Stop snacking and start exercising. Got a bucket list for travel? Plan a trip! Set things in motion now.
Thank you so much for your kind words and encouragement-it truly means a lot to me. You’re absolutely right: at some point, we have to take a step back, reassess, and make intentional decisions to move toward the life we want. I love how you broke it down into clear, actionable steps-it’s such an inspiring mindset! Whether it’s seeing family, focusing on health, or tackling a bucket list, it all starts with taking that first step, even when it feels overwhelming. Your comment reminds me why it’s so important to stay proactive and focused on what truly matters. Thank you for the inspiration, and I’m wishing you all the best as you pursue your goals and dreams!
Since the pandemic it is not a time to buy. I bought my retirement home in 2009 when I was in my 40’s. Anyone who bought in 2021 or later is not smart.
Thank you for the kind wishes! It sounds like you've found a wonderful balance between enjoying Florida's warmth during the winter and retreating to beautiful Maine for the other half of the year. That's a fantastic way to enjoy the best of both worlds. I appreciate your support and hope you continue to enjoy your seasonal stays! 😊🌞
When did you buy it? My mom spends so much money seemingly almost useless renovations on her place and it makes me cringe, because I doubt that they proportionally increase the price of the house.
All the older condo with ""concrete issues"" REMEMBER ONE FELL DOWN made the problem, yours was one. then the damage to them and extra repairs , insurance jumps. That killed the market for them. And you got caught.
You're absolutely right-the tragedy of that condo collapse changed everything. It brought much-needed attention to structural issues, but the ripple effects have been devastating for many condo owners like me. The increased repair assessments, skyrocketing insurance costs, and loss of buyer confidence have really hurt the market, especially for older buildings. It’s a tough situation, and unfortunately, I got caught in the middle of it. Thank you for taking the time to share your thoughts-it’s a stark reminder of how quickly things can shift in real estate.
Near the end of your video you mention how some people question how you can travel alone and get up and move to Florida. You have a positive attitude and can-do spirit! Life is short and it's great you live a life of adventure and experiences!
I just have to say the president had very little to do with the real estate market. That is capitalism. He had to fix the economy that was given to him and according to economists he did an extraordinary job. Many aspects of the economy the President has no control over. Most people don't understand that. Unfortunately we are now in for a hellish 4 years economically and politically as he attempts to seize power and not give it up.
"I just have to say the president had very little to do with the real estate market." You're WRONG. You're a Democrat, right? What do you think open borders and people pouring in here by the millions does to: Home prices? Wages? What do you think shutting down domestic oil production does to fuel prices? Are the questions too hard? "Unfortunately we are now in for a hellish 4 years economically and politically as he attempts to seize power and not give it up." What a PROFOUNDLY stupid comment. Now I KNOW you're a Democrat.
As a fiduciary, how can you honestly blame one person for your mistake? When you were working, would you advise clients to wait for a better president? You also forgot to mention the effect tons of pandemic stimulus added to the economy creating a bubble economy. It happened all over the world.
Thank you for your thoughtful comment-you’re absolutely right that the market is influenced by many factors, and it’s not fair to place blame on just one person or policy. The pandemic stimulus and the global bubble it created were huge contributors to what we’re seeing now, and that’s something I could have highlighted better. As a fiduciary, I always advised clients based on what made sense for their situation in the current market, not to wait on political changes. I appreciate you pointing this out-it’s a valuable reminder to take a broader view of the situation.
@@VeronicaEdwards50sounds like you have hit rock bottom and you might never recover from your financial losses; you are in the later stages of your life and if you have any money left over from your real estate investments you should seriously consider living in a European country with other American expats who have fled the United States for good and enjoy whatever time you have on this planet!
@@moa8121 Thank you for your comment and for sharing your perspective. While this has definitely been a challenging chapter, I believe that tough times are also opportunities for growth and reinvention. Life is full of ups and downs, and I’m focused on moving forward and making the most of what lies ahead. Exploring new places and embracing a fresh start sounds exciting-living abroad is definitely something to consider! Thank you for your thoughts and well wishes; I truly appreciate it.
Hi! New hear. I recently left Jacksonville Beach FL and relocated to Atlanta, I lost some money on the sale of my condo too but enough was enough and I got a little bit more peace of mind. I hope I can type this without coming off as rude or swaying to 1 party over the other but at around the 2:07 mark... Congress ultimately controls relief and finances, Federal Reserve ultimately determines the interest rates and while the President can propose or motion a relief request or a rate adjustment..ultimately both entities can "deny it" (I'm putting that in quotes cause there's a lot of red tape in that statement but it is loosely the process of the Congressional Branch) But, I wish you well!!! I came here from the update video so I'll be watching that after this
Veronica- I just found your channel. I am sorry to learn about your condo $ loss - so many people have experienced that if buying or selling homes long enough. Also sorry to learn of your cancer scare. When you said "my listing would not sell and I spent money to market it"- I know cost of doing business." I know you made the right choice by getting out. It's like spending good money after bad. We can't keep spending when there is not enough money to be made because of the market now. And yes the president.... I have been in the business since 1992 as an independent broker. Thankfully our timing was perfect as we sold our larger home in 2015 and built on our own as the "builder" our 'retirement" home for cash. With 0 debt we are enjoying time off and may decide to look into another part time endeavor. We are 67 & 65. After 34 years ( 10 yrs with builders before a Realtor) There is life after real estate. Yes, please - live & enjoy your life"! So glad you are near family. P.S. We lost 300k when we built 2 spec homes before the 2008 financial crisis- our timing was off and the homes sat vacant for a long time.
Thank you so much for your kind and thoughtful comment-it really means a lot to me! I’m so glad you found my channel, and I appreciate you sharing your own story and wisdom from decades in the business. You’re absolutely right-sometimes you have to cut your losses, no matter how tough the decision, and focus on moving forward. Your story is so inspiring! Selling your large home at the right time and building your dream retirement home sounds like such a perfect plan, especially debt-free. I love that you’ve created space for your passion for classic cars and the freedom to explore part-time endeavors. It’s a great reminder that there truly is life after real estate. Thank you again for the encouragement and for reminding me of the possibilities ahead. Wishing you both continued happiness and enjoyment in this well-earned chapter of your lives!
You said at 6:18 that “I walked away with a bit of money,” yet you said you paid $285K and put in 100K. You claimed it was worth $385K and you sold for $242K-a $142K difference. The title of video is you lost $150K. So if the math shows you “lost” $142K, yet you said you walked away “with a bit of money” how do you figure that? In reality, you lost $43K on the sale and threw the $100K in renos as a gift…no? What money did you “walk away with?” (Unless you’re counting capital gains on the sale of your original home that you applied to the cash purchase and reno of the condo…then it makes sense)
I had to pay the other Realtor's fee. That is where I came up with the $150K and I maybe losing more if I have to still pay capital gain since I only owned it for a year.
@@VeronicaEdwards50…but you said you “walked away with a bit of money” after the sale…you said you lost money. Also, you wouldn’t need to pay capital gains if you lost money on the sale of the property regardless of how long you owned it.
Very sorry to hear what happened to you. But if you were actually living there and it WASN'T an investment property, why move? If it's your primary home, why not ride it out?? I know people who lost a lot and had to cut their losses for investment properties, but not really in properties they were living in anyway, esp if their mortgage was low or the house was paid for.
Thank you for your thoughtful comment and kind words. You’re absolutely right that staying and riding it out is often the best option for a primary home. In my case, the financial burden combined with the rising costs-like HOA fees, assessments, and insurance-became too overwhelming. Even though it was my primary home, the situation no longer felt sustainable, and I had to make the difficult decision to let go and move forward. It’s been a tough journey, but I appreciate you taking the time to share your perspective!
how did you throw $100k at a remod on a 235k condo? that is way to much. half the value in remod? if it was 1000 sqft you spent $100 per sqft? THAT IS WAY TO MUCH. sorry just commenting for other people. i've flipped rented and owned 30 homes
The President has nothing to do with your private investments. I say that as a Republican. You made a bad investment period. Stop complaining put the big girl panties on.
Who was the cause for the interest hike? Biden did all this. US is not energy independent because of Biden. Biden rescue plan was a bust and cause the inflation spike in every product and services. Look at Trump 4 years ago, economy was humming for the duration of 4 years, all of sudden, Biden took over, everything went 180 degrees going south
@@hanyu2025 wtf? Biden has drilled more oild than any other president. We export oil. We had a global pandemic that cratered the supply chain. We pumped billions into the economy in order to save people's businesses, homes, etc. I'm guessing you probably took the money the govt was offering.
Hello! I just came across your channel. So sorry you had to sell but I truly understand. Milton (although did not cause destruction to my home) did take from savings that was not allocated. So now I have begun a hurricane fund. Insurance companies have raised costs, taxes followed, and there is little relief for those who have lost their dwellings. Personally, I have asked for the community down here to keep better tabs on legislation that affects seniors and broadcast/assemble to call leaders on those that affect them. You are much younger than me. Please keep your spirits up and thanks for your thoughts.
Hello, and thank you so much for your kind words and for sharing your story. It’s tough to navigate these challenges, and I completely understand how unexpected costs, like those from Hurricane Milton, can strain finances. A hurricane fund is such a smart idea-I admire your proactive approach. You’re absolutely right that staying informed and holding leaders accountable is so important, especially on legislation that impacts seniors and vulnerable communities. Thank you for your encouragement and thoughtful insights-it truly means a lot. Wishing you all the best and sending positivity your way!
You’re absolutely right-historical growth of 2-3% is much healthier and sustainable for the market. The skyrocketing 20-30% increases create bubbles that can’t hold, and it’s disheartening that some lessons from 2007 weren’t fully absorbed. It’s definitely a reminder of how fragile the market can be when things get out of balance. Thank you for sharing your thoughts!
@@VeronicaEdwards50 You're confused about what a bubble is. Not just price. The market is bad in FL for other reasons. The big increases are pretty much holding in many US markets and many are still increasing in values. IMO there's a fundamental issue happening which has happened in many markets around the world for decades. It's not the house, it's the land. Here in Phoenix we had a lot of infill lots we could build on, lot's of cheap land in suburbs. Suddenly the infill lots have been built out and open land is now almost a 2 hour drive out. Existing homes are the only option for people who want to live in Phoenix while there continues to be more businesses and people moving here. That increases actual value. Historical doesn't last forever.
@@waterbug1135 Thank you for your thoughtful comment-you bring up an excellent point about land scarcity being a key driver of value, not just the homes themselves. I appreciate the insight into Phoenix, where the transition from infill lots to limited land has clearly shifted the dynamics of the market. That fundamental shift you mention is something Florida is experiencing too, albeit with different challenges like insurance, climate risks, and aging infrastructure. I completely agree that what’s happening isn’t just about price spikes or bubbles; it’s about long-term fundamentals like land availability and population growth. It’s a great reminder that historical trends can and do change over time, especially when markets face new pressures. Thanks again for sharing-this adds so much perspective to the discussion!
Thx for sharing, but that kind of didn’t make sense to me. Spent nearly 50% of the price of the unit on renovations ? It’s not like you can add square footage to a condo. What was the money spent on ? The start of the problem may have been overspending on renovations.
Thanks for your comment! I totally get where you’re coming from. The condo was actually a fixer-upper, so I purchased it at a really good price at the time, which made the renovations worthwhile-or so I thought! The renovations were for things like updating the kitchen and bathrooms, replacing old flooring, and addressing wear and tear that had built up over the years. Hindsight is 20/20, and I’ve definitely learned some hard lessons about budgeting for renovations in a market that can be unpredictable.
Thank you for sharing your experience-it sounds like leaving Florida was the right move for you! It’s great to hear how it’s improved your quality of life with more affordable housing and better wages. Stories like yours are inspiring for those of us making big changes too. Wishing you continued happiness and success!
@@RickMartinTH-cam Thank you for sharing this perspective-it’s so true that sometimes we don’t realize the value of what we have until we’ve left it behind. Finding contentment often has more to do with mindset than location, and your story is such an important reminder of that. Life brings challenges no matter where we go, and sometimes the answers really do lie within. Thank you for this thoughtful insight!
I’m confused as to why you chose to sell when the market’s low? Even just renting it out until the market stabilizes seems like it would have been smarter. I’d only recommend some sell right now if either they’re financially distressed and have no choice, or if their weak market sale is coupled with a weak market purchase.
Thank you for your comment and for trying to understand my situation. I agree that renting could have been a viable option under different circumstances. However, the potential rental income wouldn't have covered the monthly payments on the property, making it financially unsustainable to hold onto. Additionally, the building regulations only allow for long-term rentals, which further limited my options. Short-term rentals might have made it feasible, but unfortunately, that wasn't permitted. I explored all possible avenues before deciding to sell, even though I really didn't want to move. Selling was a tough decision, but it was necessary under the circumstances. I appreciate your thoughts and the chance to clarify my situation.
Just discovered Veronica's videos an hour ago, watched four and love them all. Liked and subscribed. I am a single, retired teacher in CA and thinking of moving to the southeast (grew up on the east coast, some family still there, CA expensive). Veronica, you are resilient, resourceful and a survivor. I am certain you will do fine, better than fine great. Plus with your lovey, down to earth personality you will make good friends wherever you go. Best to you.
Hi Alyssa, thank you so much for your kind words and support! It means a lot to me during this time of transition. I'm looking forward to the new adventures ahead and I'm grateful to have friends like you cheering me on. Big hugs and kisses back! 😘💖
Using debt to buy these places was not a great idea in retrospect. I do own a condo on the beach at PCB which kicks off great income even after expenses, and I own it outright. I also self insure. I plan on just holding and taking the rental revenue and having a great place to visit occasionally when I’m back in the U.S.
Ditto for me. My 60+ years old FL home has never been damaged or flooded by weather, even after having half a Live Oak fall on the roof, so a couple of years ago, I decided to self-insure. Additionally, I have a FL rental house, but choose to keep insuring it, mainly because I cannot control whether renters will be careful about turning off the stove and heaters, etc. Paid-for real estate is the way to go in FL.
The condo special assessments put the nail in the coffin for condos in fl. On top of the insurance rates, the denial in claims etc etc. Fl future is only for the rich, investors and vacationers.
Thank you for sharing your thoughts-it’s such a tough reality. The special assessments, combined with skyrocketing insurance rates and claim issues, have made condo ownership in Florida incredibly challenging. It’s unfortunate to see the market shifting in a way that feels like it’s becoming out of reach for everyday people. I completely understand your perspective, and it’s a situation that definitely needs attention. Thank you for adding to the conversation!
I bought a condo in FL in 2022……then got cancer ( I’m fine now) and needed to move. I’ve had the condo on the market for six months without even an offer. I keep lowering the price. Still nothing. I don’t want to rent it and have that responsibility at 69 yrs old. I’m really scared 😢 Do I give it away. I can’t afford to lose that much money 🥺
I completely get where you’re coming from-insurance costs in Florida are a huge deterrent for many, especially with the risk of natural disasters. You’re lucky to be in a state where those costs are so manageable. It really makes a big difference in overall affordability. Thanks for sharing your perspective!
Some states where there is risk of natural disasters....Florida hurricanes, North West fires, Upper Eastern boarder states may not offer homeowners insurance, but only offer self insure. No Thank You! I couldn’t live in those areas or afford the insurance. Don’t get me started on the triple increase on home sales. Totally insane. And with Jerome Powell’s rate cuts, the home interest rates aren’t that great. Still hovering around 6%, which isn’t that good. I live in a 2 bedroom, 2 bath apartment I share with my partner. The rent is reasonable + maintenance and lawn work is part of the deal. Love it! Sorry, you took such a loss, but today’s selling and buying has changed drastically in the last four years. Well, I guess you know that as a realtor. Tough career at this time. Good luck.
Listen! I'm in Cape Coral and work in an industry where I met untold amounts of people "...here just looking to buy a property.." from 2020 until just recently. I'm WAY beyond fed up with trying to stop them from ruining their lives, but they're all smarter than ME....according to themselves. I bought at a good price in 2011 in Cape Coral. (I usually call it something else, but this seems too tame a station for that kind of language). I just had to dump it in June, for a bare butt spanking, because of the utility's expansion, endless tax increases, traffic, congestion, the wettest, stormiest, hottest year in recorded weather history, and the fact my roof was wrecked by hurricane Ian, bureaucratic red tape, fees, and the endless 15 hour deluges the Gulf gave us. PLEASE STOP MOVING HERE. NONE OF US WANT YOU HERE AND I'M TIRED OF BEING POLITE ABOUT IT! GO AWAY!
To be honest I wanted to buy a condo over in Sarasota that was very dirt cheap but the area was very nice and I liked the fact that I was downtown walking distance. Until the insurance issue gets completely resolved and the average person who works in the service industry can afford these condos at the local level there is no point in buying them because they'll just increase the HOA dues and start to get weird with the laws that keep changing. The sad thing is that a lot of people are priced out of the market for buying homes and a lot of these homes are being built are being developed in HOA communities only. I think the next few years is going to be a dark decade for real estate in Florida not saying that you can't get a good deal but until the economy stabilizes and things get to a point to where you don't have to work 50 hours plus for the new normal, I would just rent and wait. Plus if you go online a lot of these multi-million dollar condos that are asking for top dollar are slowly realizing that it's a money pit and they're selling off for literally half a million or below so you have to wonder how bad is the building and or how bad was the board that dictated how much reserves were allocated for repairs
You've highlighted some significant concerns that are definitely on the minds of many potential condo buyers in Florida. The affordability crisis, coupled with fluctuating insurance costs and HOA dues, indeed makes it a challenging landscape for those not just in the service industry but for many middle-income buyers as well. The changing regulations and financial demands of living in HOA-governed communities add another layer of complexity. Your point about waiting and renting in the current market makes a lot of sense under these circumstances. It's prudent to be cautious and observe how the market adjusts, especially with the economic uncertainties you mentioned. For anyone considering buying, especially in high-cost areas with significant overheads like insurance and HOA fees, it's essential to thoroughly understand what you're getting into and assess whether the investment aligns with your financial stability and long-term goals. Thank you for sharing your insights-it's an important conversation for anyone looking at real estate in Florida right now.
I bought an apartment and NEVER AGAIN. Sold it a year later. Strata fees and nightmare neighbours. One tenant even had a rat infestation in her apartment which stunk to high heaven. Strata claimed "nothing we can do". The gardens were never maintained, despite paying a gardener. I could go on.
Thank you for sharing your experience-it sounds like you went through a real nightmare! Strata fees and unresponsive management can make apartment ownership so frustrating, especially when neighbors and maintenance issues add to the stress. It’s completely understandable why you decided to sell after a year. Sometimes these experiences teach us exactly what we don’t want in the future. I appreciate you sharing-it’s a good reminder to always research thoroughly before buying!
I'm very sorry you went through that. A few years back, I was planning to move to FL in my retirement. Obviously, now I'm so glad I did not. The condo HOA mess and the real estate insurance fiasco there makes it impossible to live there. I'm currently enjoying and living my retirement in NJ. But, I'll be moving my retirement to Panama in 2026. Lots of retired Americans live very happily in Panama. I'll be fixing my house to sell before then. I'll be travelling to Panama to get familiar with it in 2025. My standard of living should be much better there.
Thank you for sharing your story! It sounds like you’ve made some thoughtful decisions about your retirement, and Panama is certainly a popular destination for many looking for a pleasant, cost-effective lifestyle. I'm glad to hear you're enjoying your time in NJ while preparing for your next adventure. Best of luck with the house sale and the move to Panama-I'm sure it will be an exciting new chapter in your life! 😊🌴
Knew someone who sold everything and moved from US to Panama for a cheaper life and came back in a year bc it wasn’t it was not as they imagined. They were shocked at real life there vs. what they thought it was going to be. Food for thought.
Thank you for sharing. Traveling solo is such an empowering experience, but I completely understand how it can become more challenging over time. It sounds like you’ve had so many amazing adventures, and those memories will always be a part of you. Even if solo travel isn’t in the cards anymore, I hope you’re able to find new ways to explore and enjoy life. Sending you lots of encouragement and wishing you the best in this next chapter!
Hello! I highly recommend a TH-cam channel called Lulu’s Way. She travels alone but also coordinates get togethers along the way. A nomadic life is not for me but many people have chosen that path. All the best on your journey.
Best of luck to you in your future endeavors, Veronica. You sound like one of the better, more professional and conscientious real estate salespeople, and FL needs them.
Thank you so much for your kind words and encouragement-it truly means a lot to me! I’ve always strived to approach real estate with professionalism and care, so hearing that really makes my day. Florida has been an incredible place to work, and I hope the market finds its way back to stability. Wishing you all the best as well!
I moved to Florida 23 years ago. I bought my house in cash and still own it today. Last year I bought another house also in cash and my kids are living in the old house. Ive never looked at real estate as an investment only as a place to live.
While difficult, you made the right decision. You took an unknown physical and financial liability from your personal responsibility, relieving a psychological burden. I am sorry that you lost $150K, that is like leaving a 'love and sunk cost', because the future costs may be much worse...and they will, man v. nature is not a fair match. FYI - I lost a big one too 'romance scam'...at 6 figures, I left 'love and sunk cost' too. Just move forward and take it as an 'experience of life'.
Thank you so much for your thoughtful comment and for sharing your own experience-it means a lot. You’re absolutely right that letting go of the condo relieved a huge psychological burden, even if it came at a steep financial cost. It’s tough to walk away from something we’ve invested so much in, but sometimes it’s the only way to protect ourselves from even bigger challenges ahead. I’m so sorry to hear about what you went through with the romance scam-that must have been incredibly painful and frustrating. It takes a lot of strength to move forward from such a loss, and your perspective about taking it as an 'experience of life' is truly inspiring. Here’s to both of us finding better days ahead. Thank you again for your kind words and encouragement!"
I just found a channel of this lady that sold her house; retire and lives in cruise ships , she’s traveling the world with her accommodations, food, transportation all included 😊
Thank you for sharing that-it sounds like such an incredible and unique way to retire! Living on cruise ships and traveling the world with everything included is definitely an inspiring idea for anyone who loves adventure and a worry-free lifestyle. I might have to check out her channel for some inspiration! 😊 What a creative way to embrace retirement!
Sorry for the loss. During this past four years, many financial hardships have effected me directly here in Florida. I wish I moved back to my real home/ family way back when. I hear you! Can’t afford the move now.
It’s Brejoya. I didn’t know you left:( seasons change, good job on recognizing the change. Also, I agree that our current President affected the market…. My business was affected because their living was affected ( inflation, post COVID market). And congrats on getting your page to the point that you have debate in your comments, lol. Many blessings in your new chapter.
Brejoya! It’s so good to hear from you, and thank you for your kind words. Yes, seasons definitely change, and leaving was such a hard decision, but it felt like the right one for this chapter. I’m sorry to hear that your business has been affected too-it’s been a tough time for so many people post-COVID with all the ripple effects of inflation. And thank you for noticing the debates in the comments, lol-it’s definitely been a journey growing the page, and I’m grateful for the engagement, even when the conversations get spicy! Wishing you all the blessings in your business and life. Sending lots of love your way!
It may seem crazy, all that is happening to the housing market in Florida, but from outside - EVERYONE else saw this coming. Your Governor’s idea of the state taking on flood insurance - then stiffing all of you; the home insurance and corresponding flood insurance is almost non-existent- thus no mortgage available; HOA fees mandated by, once again, your Governor, tripling and quadrupling. WHO WANTS TO BUY YOUR PROPERTY!?!?!?
Thank you for sharing your perspective-it’s clear you’ve been following the situation closely. Looking back, I can see how many of these issues were brewing for years, and now they’ve reached a breaking point. The flood insurance crisis, skyrocketing HOA fees, and the lack of affordable or even available home insurance have made Florida a tough market for both buyers and sellers. It’s frustrating to see how these policies have impacted the market and made it so challenging for people like me. I hope some meaningful changes are made before things get worse, but I truly appreciate your insight-it’s a stark reality check!
FL Gov. DeSantis does NOT have anyrhing to do with mandating what HOA fees are (dummies owning condos are supposed to be in charge of that--read the FL Statutes!) nor does the governor have anything to do with controlling the weather! DUH! (Buh-bye to all the uneducated ignorant whiners!)
I think more people lose money on real estate than earn it. I sold my house in 2009. I sold for what I paid for it 5 years prior. I calculated I could have lived overseas for several years on what I lost. I think you did the right thing selling now.
Thank you for sharing your experience-it’s so true that real estate doesn’t always yield the returns we hope for. Selling your house in 2009 must have been a tough decision, but it sounds like you’ve gained some valuable insights from it. I really appreciate your support and encouragement-it helps to hear from others who’ve been through similar challenges. Here’s to moving forward and making the most of what lies ahead!
you might have lost money, but at least you got some cash out of it. Some people are walking away getting NO CASH. I hope to sell next Spring so I can travel. My house is paid off, but I need the equity in it to have a decent retirement. I am a native Floridian, but I have had about enough of the overpriced, taxed and high insurance.. If I had unlimited funds, I would stay here in SWFL. But since I do not, I will be leaving before the next hurricane season if I can sell my house by then. Not a condo, Not in an HOA.... so where did you move to? I don't like cold weather.. so my options are limited if I stay in the U.S.
Thank you for sharing your story-your perspective really resonates with me. You're absolutely right; even though I took a big loss, I’m grateful I was able to get some cash out of it, as so many others are not as fortunate. It sounds like you’ve made a smart decision to position yourself for a better future, and selling before the next hurricane season makes so much sense. Having your house paid off is such a blessing, and I completely understand needing the equity for a decent retirement. SWFL is beautiful, but the costs and risks can make it tough to stay. I moved on to explore new opportunities, but I’m still figuring out where I’ll land long-term. Like you, I’m not a fan of cold weather, so I’m exploring warmer options as well. I wish you the best of luck with your sale and your plans to travel-you’ve worked hard, and you deserve a great next chapter!
Thank you for the positive reminder! It’s true-those good years were definitely something to be grateful for, even if things have taken a tough turn now. Staying positive and focusing on the lessons learned is the best way forward. I appreciate your kind words!
Change is challenging as one grows wiser and older but you will find your way. God Bless. Definitely the past 4 years have been intentionally made harder.
Thank you so much for your thoughtful words and encouragement-it truly means a lot. Change is definitely challenging, especially as life experiences shape us, but I’m holding onto hope and faith that I’ll find my way. I completely agree that the past few years have been especially tough for so many of us. God bless you as well, and thank you for taking the time to share your kind words!
I have been living in Florida for about 21 years but I would love to move now. I’m not sure where to go next. I retired in Jan 2024 I’m 57 and I have been traveling consistently almost this whole year, including international. Sometimes I do it alone and sometimes with family. I’m so happy more and more ladies are taking the initiative to travel. I’m fortunate to have my daughter moved into my house and she takes care of my plants 😂 I’m really enjoying your videos ❤
The assessments of $50,000 and more to bring the high rise condo maintenance up to code would scare me. Happy we live in Central Florida in a single family home.
Thank you for your comment-it’s so true that those massive assessments can be incredibly overwhelming. The cost of bringing high-rise condos up to code is a real concern for many owners and potential buyers. Living in Central Florida in a single-family home sounds like a smart choice, especially to avoid those kinds of surprises. Wishing you continued peace of mind in your home!
so you bought it not knowing whether you wanted to live there long term and remodeled it immediately, no bueno. you have to figure out how long you want to live there before you throw money at it, imo
Thank you for your comment-you’re absolutely right that planning long-term before investing in renovations is important. When I purchased the condo, it was supposed to be my forever home, which is why I decided to remodel it right away. At the time, I didn’t expect the real estate market to plummet the way it did. Hindsight is 20/20, and this has been a hard but valuable lesson for me. I appreciate your perspective-it’s a great reminder for anyone making similar decisions!
I lived in Florida (Deland) for 5 years and it wasn't what I thought. Moved to Idaho and now enjoy 4 seasons and rarely have humidity which is a blessing if you know what I mean. Close to retirement and looking at van life where I can travel whenever I want. Life is definitely a journey and there are no guarantees. Hang in there... I always believe things will always get better!
Thank you so much for sharing your journey! I completely understand about the humidity😬. Idaho sounds amazing, especially with the four seasons; I'm definitely putting it on my must-see list. You're so right; life is a journey with ups and downs, and I love your optimism-it's truly inspiring.
Years ago van life excited me. I had stayed in a van on fishing trips and it was fun. But slowly watching van life videos I started to remember some downsides. A rainy day stuck in a van. Condensation so it was raining inside the van when cold outside. And the cost is really hide due to fuel and repairs. The biggest risk I saw was older people getting into a van because they thought it was cheaper but not realizing being in your 60's in a van would not be the same as in your 80's if medical issues start. Or your 90's even if healthy. These people can't even get back into an apartment. Too scary for me. Instead I'm moving to SE Asia. Pretty reasonable if you have medical sorted. Good weather and lots to explore. For old dudes like me dating is super or finding a wife/partner is easy. A 20-30 year-old attractive woman who is fun, loves taking care of you and the house even as you age out, have medical issues, is priceless to me. Plus labor is cheap so a live-in housekeeper is $75-200/mo USD, live-in trained caregiver is $500-1000/mo.
@waterbug1135 you are being delusional, do you really think a young girl "loves taking care of you"?? They do it because of poverty, it's a transaction, in SE Asia the fenomenon of old sleazy westerners is well known
@@Damon-qt3fw Deland is a beautiful area... in fact it won best Main Street in the US I believe. My issues with Florida...Wages are low, the summers are unbearable, and going through hurricanes are not fun.
Stuff happens. You take a chance and it doesn't work out. In my case I lost Mucho Doloros. I think quite a bit worse than your story. I have been there. I did have a fallback plan B. I recovered and I am happy. But I was in my mid-forties when it all went down. I am in my early seventies now.
Thank you for sharing your experience-it sounds like you've been through quite a journey. It's really encouraging to hear that despite the setbacks and significant losses, you had a Plan B and were able to recover and find happiness again. Your resilience is truly inspiring, especially as it reminds us that it's possible to bounce back at any stage of life. I'm glad to hear you're doing well now in your early seventies. Stories like yours give hope and strength to others facing similar challenges. Here's to continued happiness and resilience in the years to come!
It took a few years... for the insurance & legislation to catch up after the Surfside collapse, but now it's here. Condo assessments + insurance + taxes. Condos are just a big cubby you rent for awhile in a mostly sunny place...
Wow I'm so sorry to hear that. But you will definitely bounce back you have everything going for you Veronica you are beautiful you are intelligent you will persevere❤❤❤
That’s wonderful to hear! Naples is such a beautiful area, and it’s great to know your son is thriving in real estate there. It’s inspiring to see agents doing well despite the challenges in the market. Wishing him continued success and thank you for sharing!
Thank you for sharing that-it's such a telling example of the challenges in the condo market right now. A $50K price cut is significant, but with HOA fees at $1K a month, I can see why it would still be a tough sell. Those high fees are really making it harder for condos to stay competitive, even when prices are reduced. It’s a tough situation for both buyers and sellers.
Feb might be great for the locals since they are probably tired of sweating. But I used to go every Feb, about 15 times, and as of last year, I’m not going down from my freezing state to be in 65 degree weather. Not warm enough to make that $$$$ trip.
I completely understand where you're coming from! It's definitely important that your trip feels worth it, especially when you're looking to escape the cold. February can indeed be a bit chilly for those hoping to soak up some serious warmth. I hope you find the perfect getaway spot that checks all the boxes for your next vacation-somewhere you can truly thaw out and enjoy your time off! ☀🌴
Your home is never an investment. It’s an awful investment compared to SP500 that earns 10.26% annually average over past 50 years. Only realtors, mortgage companies, and banks sell that your home is an investment.
@ I guarantee you (and you can ask AI) that a $500,000 home in Seattle bought 25 years ago has not even come close to keeping up with that same money in the S&P500 over that same 25 years. And you selected a “good” market. Not even close.
@@Burps___ 25 years ago average house in Seattle was $200k, today $800k.... and.... you can't live in a stock certificate. That said, you are right Seattle near top of the spectrum.
Hello and welcome to the channel! ❤ Thank you so much for subscribing-it's great to have you here watching all the way from the UK! I truly appreciate your support and hope you enjoy the content. Feel free to share your thoughts anytime!
Sad Ms. I am from Australia and am beginning a project including providing an eclectic array of products with my medical specialist son Brown Uni and Sydney Uni....and.a sydney historical contribution and mobile solar products of the best integrity to begin with. Let us know if you come this way. We'll need some good help hehe.
Unfortunately due to Covid 19 and remote work many people flocked to The sunbelt which was unable to build any new housing so prices went sky high ….along with low interest rates 3.5 years ago. Now that rates have increased along with increased cost of insurance and taxes many folks are leaving Florida and Texas
You lucked out only losing 150k. It's gonna get a whole lot worse for all real estate in Florida. My guess is a %50 to %60 loss.. did you even look at the price it was in 2020? I'll never understand how people can think a %300 increase in 4 years is "normal" and decide to buy at the top of the market especially in a boom and bust state like Florida. Not only that but to spend over %200 and then think its a good idea to drop 100k in improvements...
Thank you for your comment. Losing $150K was tough, but I agree-it seems like Florida’s real estate market is facing even bigger challenges ahead. With rising insurance costs, climate risks, and economic pressures, a significant market correction doesn’t feel far-fetched. It’s a tough reality for many homeowners and investors. I appreciate you sharing your perspective-it’s definitely something we all need to consider.
Folks, Let this woman’s testimony be a warning to you if you value your hard earned $ stay away from condominiums in Florida. The landscape for condos in Florida is going through a major shift. You won’t want to be repeating her story to your friends and family.
I pray that things will get better for you, Veronica. Thank you for all your help with our Florida condo.
It was great getting to know you better, and it was a pleasure. Thank you for your well wishes 💖
As a realtor you should know that you shouldn’t have bought a condo that cost you 240,000 and you put 100,000 almost 1/2 the value what you paid for it in upgrades. Not good. Max you should have put $35,000 in upgrades
Thank you for sharing your perspective! You make a valid point about managing investment in upgrades relative to property value. It's a fine balance between enhancing a property to maximize its appeal and ensuring that the investment is proportionate to the property's market value. Every situation is unique, and sometimes decisions are made based on factors beyond simple return on investment, including personal enjoyment or specific circumstances at the time of purchase. I appreciate your input-it's a great reminder of the importance of strategic planning in real estate investments.
@ life is too short, everyone’s home will one day be someone else’s. Glad you were able to get out and move on
@@jazzyflorida3757 Thank you 🤗
It was her forever home. So it is ok if she wanted to invest and fix it up to be just the way she wanted it. Unfortunately it was a condo situation, where the rules can always be changed from under you. I will never do a condo for that reason, among others. Also the insurance situation there went very far south. I have done much the same thing nearly in the Midwest. Is our forever home. Fortunately it is a house fully owned and not a mortgaged condo. If I pass and don’t make a profit on it , I will not care. In such a case, renovate and invest in what you want as long as your not borrowing and plan to make it a forever home. Could not do that kind of invest so much thing though if still working, as one never knows these days when a job is going to disappear or given to just pick up and go.
Great advice for upgrade considerations! Thanks!
Never put so much into remodeling. It usually doesn't pay unless you are adding square footage.
I don't agree. That was going to be her forever home. Cosmetic remodels which is what she did can easily run up that much. If you like the location somewhere but the place is just old and shitty? Remodel
That might be because many remodels are faux. The superficial is made to look good but to fix the real problems the buyer must start all over.
There is a difference between adding a bit of curb appeal, and faking a whole home rehab.
@@Freedom-dq8rn You never know if a property will really be your forever home, many things can happen: natural disasters, change in zoning, bad neighbours, serious health/mobility issues, etc.
The condo market is dying because of the new state laws requiring condo associations to make sure properties are safe and in good repair (as a rest of that tragic condo that collapsed a few years ago). Association fees are off the charts now.
no its just repricing itself. No free lunch, you can't expect to live in a house ( condo ) for 20 years with with no up keep. The bill has come due.
That’s because they kept the maintenance fees “low” for decades and didn’t have the funds to keep up.
I'd rather clean prison toilets with my tongue than live in a condo or under a HOA.
I’m current in Brandon, Florida. I up and moved here in April 2022 by myself. I purchased a townhome but I agree that it’s very expensive! I hope to put my townhome on the market in 2026. I need to figure out where I want to live. Prior to Florida I up and moved to Nashville, TN I lived there close to 2 years and realized it was way too cold for me during the winters. I am 57 and been a solo travelers since I was 33. You got that right you only get one life! I’m happy I found your channel! ❤
Thank you so much for sharing your journey and for being here-it’s great to connect with someone who understands the ups and downs of relocating and solo travel! I can completely relate to your thoughts on Florida being expensive, and I think it’s smart to plan ahead for your next move in 2026. It sounds like you’ve explored a lot already, and figuring out where you want to go next is an exciting step.
Nashville is a great city, but I hear you about those winters-they can be rough! I love your adventurous spirit and your focus on making the most of life. It’s so inspiring! I’m so glad you found my channel, and I look forward to sharing more with you. ❤ Wishing you all the best as you plan for your next chapter!
I did it. I sold my home, my car, my belongings. I purchased a one way ticket to the UK , with my dog. Our age is just a number on our birth certificate. It CAN be done. It is a matter of closing one door and watch the next one open.
Your journey is a fantastic reminder that it's never too late to change paths and open new doors. Best of luck in the UK-I'm sure many exciting experiences await you, my friend! 🌍✈🐾
UK, that doesn't seem like a good move.???
Curious why not???@@marblox9300
You left Florida for the UK? UK has been turned into an Islam country, Politicians destroyed the UK, hope you not close to Londonistan….
I've been in the real estate business for 30 years & wouldn't touch a property in Florida. Good luck on your future endeavors.
Thank you for sharing your perspective; it means a lot coming from someone with your experience. Florida real estate definitely has its challenges, and I've learned so much through my own ups and downs. I really appreciate your kind words and support as I move on to new opportunities.
Florida is a shithole
Florida is "Not" the place you want to buy... its a never ending money Pit
Thank you for sharing your perspective-I can definitely see why you feel that way. With rising costs, unexpected assessments, and insurance challenges, Florida real estate can feel like a money pit for many homeowners. It’s been a tough lesson for me, but I’m grateful for the experience and the insights it’s given me to make better decisions moving forward. Thanks for your comment!
Agree! FL will keep on taking, it’s up to us to say enough is enough 😅
Well said.
As a native Floridian I agree 100%. I see people getting wiped out every 10 years or so
Completely agree, definitely do not move to FL. Anyone that recently moved to FL should immediately return to their home state.
I bought a new leasehold apartment in the UK. A complete nightmare of fees, agencies, inspections, service charges, escalating ground rent, legal fees, unfair tenancy contracts, unwanted repairs and mounting maintenance costs. Plus the actual mortgage repayments on top of that. A depreciating asset as the leasehold years diminish. I'd NEVER buy another leasehold flat/condo/apartment, and I'd recommend anyone with any sense doesn't either. You don't own it and you have very few rights and ALL the costs and ALL the risks on you. Add to that the truly awful build quality of newbuild in the UK. Currently renting and happy to be out of it.
Thank you for sharing your experience-it sounds like an incredibly frustrating and challenging situation. The mounting fees and limited rights with leasehold properties are definitely a tough reality, and I can completely understand why you’d choose not to go down that road again. It’s especially disheartening when the build quality doesn’t match the investment.
Renting and being free of those headaches sounds like such a relief! It’s a good reminder for others to carefully consider all the costs and risks before making such a commitment. I really appreciate you sharing this-it’s an important perspective that more people need to hear. Wishing you all the best in your current living situation and beyond!
My sis in law bought a leasehold home. Her community and councilman went to Parliament to try to change the law. It was all over the papers.
@@susanDavies-c9t Wow, that’s incredible! It sounds like your sister-in-law’s community is really taking a stand to address the challenges of leasehold properties. It must have been a powerful movement to even get it to Parliament and into the papers. Hopefully, their efforts bring about some much-needed change in those laws-it’s such an important issue for so many homeowners. Thank you for sharing this!
I was an army recruiter in Sarasota, not a place to buy. He'll No!!!
Retired from the military, My Fiancé committed suicide back in 2018, put my house up as a.rentsl property in Scottsdale AZ, and has been living in my Camper, and I save so much money!!!
Oregon is a beautiful state. The weather is gorgeous up here, from Ohio, and i will never move back there.
God bless you and never ever be afraid to travel.
P.S
Hated the fact of not having 3 or 5 people to come over and have dinner with me during the holidays. No one wants to join me, including families, tired of living in 4 bedroom home. I'm happier now.
Good luck to you.
I'm in Sedona
Thank you so much for sharing your story-it’s truly inspiring how you’ve found a way to move forward and create a life that works for you, even after such heartbreaking loss. I’m so sorry to hear about your fiancé, and I can only imagine how difficult that must have been. It’s amazing how you’ve turned things around by simplifying your life and saving money, even finding joy in your camper.
Oregon sounds incredible, and I love hearing how happy and at peace you are there. I understand what you mean about the loneliness during the holidays, but it’s great that you’ve found contentment in a simpler, more meaningful lifestyle. Thank you for your encouragement-it means so much. Wishing you continued happiness and blessings in this next chapter of your life!
Gen X are resilient. I just found your videos and I love them. I'm surviving colon cancer and know first hand to make the most of every day. I'm 56 and live alone. I'm not in the position to travel, but I hope that changes soon. I wouldn't mind just picking up and moving someplace else. Just for the bragging rights that I did it all by myself. Your story is inspiring. Thank you!
Thank you so much for your kind words and for sharing your story. Gen X really is resilient, and you’re a true testament to that. Surviving colon cancer and focusing on making the most of every day is such an inspiration-I admire your strength and determination. Even if you’re not in a position to travel yet, I believe that your time will come, and when it does, you’ll absolutely deserve those bragging rights! Keep dreaming and pushing forward-you’re amazing, and I’m so grateful my story could inspire you!
The president does not control interest rates, real estate prices, or the weather. Real estate like the restaurant business is feast or famine.
Thank you for your insight! You're absolutely right-there are so many factors that impact the real estate market beyond just leadership, like interest rates, the economy, and even natural events. It really is a feast-or-famine industry, and navigating those ups and downs has been such a learning experience for me. I appreciate you taking the time to share your perspective!
I think you're a bit delusional. Our country is crippled because of the president and his cronies.
@@Highvibes777 Your Governor has more power to impact you financially than the POTUS. So much for being delusional.
Correct. It confuses me why so many people think the US President can do much of anything, no matter the party. It's the Executive Branch, not a monarchy. The Executive's job is to implement laws passed by Congress. Presidents have to follow the laws Congress passes. There is some flexibility, but doing things like lowering prices at the grocery store is nonsense.
This misunderstanding then leads to voting for the biggest lair (both parties) because people actual think the President has the power to do all the whacky promises they made.
Just silliness.
The only chance a President has to make a big difference is if they also have Congress on their side and the President is an effective leader (arm twister). Most times when either party controlled both branches a lot of infighting broke out and nothing much got done.
The current President (the corpse) printed money carte blanc to fund nonsense, leading to inflation which led the Fed to raise rates to fight that inflation .. so Yes, Biden did cause rising mortgage rates
When I retired I moved across the Ontario border to Quebec. I didn’t speak French but had taken a course. Since moving I took two more. I bought my 1970’s bungalow that was fully renovated for $174,900 Canadian. I has a double lot and is in a very small subdivision. Since I moved in I did more renovations that I wanted to do and I’m here until I can’t anymore. I love it here in a small community that is 1.5 hours from Ottawa.
Another great video on your channel. Sorry to hear about your financial loss. I lost a lot when my ex left but c’est la vie 😊
Thank you so much for sharing your story, and I’m so glad you’ve found a place that feels like home! It sounds like you made a wonderful choice moving to Quebec and creating a life you love in such a charming community. Your bungalow and double lot sound amazing-what a great find, especially at that price!
I admire your determination to embrace the change, even taking on learning a new language. It’s inspiring to see how you’ve made the most of your situation, even after the challenges you faced. C’est la vie indeed-we learn, grow, and keep moving forward. Thank you for your kind words, and I truly appreciate your support for my channel!
@ I love following real people hearing real life stories hoping for the best for them. Will be watching more. Happy Thanksgiving 🙏😊
I sold in 22, made double, now I rent on the beach. Another 20% drop, I’m back in.
At 63 and a similar place in life-I have a sense of being lost. I moved to Fl and love it, but the swarm of migration changed the simplicity of FL. I moved to TX to be closer to family & my car insurance is noteably higher in TX! TX is HOT! Weather much like the gulf of FL where I lived. It’s hard ‘starting over’ more so emotionally when your decision has no tail to steer the kite. I remind myself, today is my best day & not to look back or fear tomorrow….live today. It’s not easy when your life has been caring for family, working full time & no moment to rebalance. TX is new to me and not as laid back as FL. I think people are less friendly and not sure if it’s my age & social groups have already been formed…or if the events over the past few years prompting extreme migrations has intruded on natives of the area and new comers are trying to adapt with no social anchor. It’s different and I don’t think it’s the place as much as it is the times (age or today’s reality).
Anyhow, I love following your adventure. I may learn something and meanwhile I feel there’s others in the same emotional place as I am.
I wish you the best…be encouraged & fearless.
That was my experience in the 80s and 90s and lost several houses.
I financed at 14% interest - and these rates have been way to low for way too long.
This never ending real estate bubble baffles my mind.
Thank you for sharing your experience-financing at 14% interest must have been incredibly tough. It’s a stark reminder of how much the market has shifted over the years. You’re absolutely right that the prolonged period of ultra-low rates has fueled an unsustainable bubble. It’s frustrating to see history repeating itself in some ways, but I appreciate hearing your perspective-it adds so much to the conversation!
my first 2 houses were at 13%. I remember those days. I still have them as rentals now. Overtime it well balances out. Real estate takes time. Paid lots of interest but was a great motivator to pay them off early. No payments for decades now and that income has been wonderful.
@@VeronicaEdwards50 It depends on when you buy. Yes, if you bought in 1984 the interest rate was high but it was the beginning of the Ronnie Raygun years of prosperity. As a result, by 1987 you could have easily sold that home for a profit or refinanced at a much lower rate. That was actually the beginning of the cycle that led to 2% mortgage rates. The cycles take a drastic change now, But imagine selling the home you bought for $75K in 1984 at the peak in Aug 2022. It's all a matter of Ty Ming. We may have to go back to 1984 to adjust out all of the excesses created by govmint collusion with Wall St and corporate Amurika. It's going to be more exciting than ANY TH-cam channel.
Amazed that is all you lost. Who in their right mind would even consider buying any condo now?
I totally understand where you’re coming from-condos can seem like a risky choice, especially with everything happening in the market right now. Losing what I did was definitely tough, but I know many others have been hit even harder. Hopefully, some of these issues will be addressed to make condo ownership more secure in the future. Thank you for sharing your thoughts!
HAWAII OHAU CONDOS
The interesting thing about buying a home is unlike everything else you purchase that loses value immediately… car, furniture, clothing, etc..a home will increase in value the longer you live in it. If you put the minimum amount of money in it to keep it valuable it still should be profitable. The reason has nothing to do with the home…it’s the property.. the land. The taxes on the property are needed to provide services for the state and sometimes the state needs to step in and regulate efficiently to prevent a collapse like you’re experiencing in Florida now.
People ran to Florida to avoid higher taxes..the homes were cheaper and regulations were loose.. the result were prices skyrocketing out of control..massively overvaluing the homes and creating the problems you see today. Insurance companies for years had the ability to handle storm damage and claims when the homes were priced low…now they’re gone.
Unfortunately it’s a system driven by greed and eventually the little guy ultimately has to pay.
Thank you for your thoughtful and detailed comment-it really breaks down the challenges in the Florida market so well. You’re absolutely right that the value of real estate often comes from the land, and when taxes and regulations aren’t balanced effectively, it can create a cascade of issues like we’re seeing now.
The insurance situation is a prime example-when home values skyrocketed, it threw off the system’s ability to absorb risks, leaving homeowners in an unsustainable position. It’s tough to see how greed and short-term gains have had such a long-term impact, especially on everyday people. I really appreciate you sharing your insights-it’s such an important conversation to have!
Thanks for your honesty and integrity. It is important to understand, accept and KEEP GOING AND LIVE!
Thank you so much for your kind words and encouragement! You’re absolutely right-understanding and accepting what life throws at us is key, but the most important part is to keep going and truly live. Your positivity means so much to me!
What is learnt by hardship is remembered with ease
getting married !!!
Thanks!
Wow, thank you so much for your generous $10 donation! Your support means the world to me and truly brightens my day. It’s encouragement like yours that keeps me motivated to share my journey and create more content. I’m incredibly grateful for your kindness-thank you again from the bottom of my heart!
Texas and Florida
The taxes and insurance are so high that no one can afford them nor would want to own them.
You’re lucky to be out.
The interest rate has little to do with.
Thank you for your comment-you’re absolutely right that the high taxes and skyrocketing insurance costs are making it so difficult for homeowners in Texas and Florida. It’s a tough situation, and I do feel fortunate to have moved on. I agree, interest rates are just one piece of the puzzle, but the real burden seems to be in the ongoing costs of ownership. Thank you for sharing your perspective!
Yes, I am inspired, because you are actually DOING something about your life's situation. There comes a point where we need to assess and take steps toward our goals. Do we want to see our family/grandchildren more? Then maybe WE need to move or take trips to see them. Do we worry about $$ for retirement? Time to cutback on extras or work longer hours for a season. Do we want good health? Stop snacking and start exercising. Got a bucket list for travel? Plan a trip! Set things in motion now.
Thank you so much for your kind words and encouragement-it truly means a lot to me. You’re absolutely right: at some point, we have to take a step back, reassess, and make intentional decisions to move toward the life we want. I love how you broke it down into clear, actionable steps-it’s such an inspiring mindset!
Whether it’s seeing family, focusing on health, or tackling a bucket list, it all starts with taking that first step, even when it feels overwhelming. Your comment reminds me why it’s so important to stay proactive and focused on what truly matters. Thank you for the inspiration, and I’m wishing you all the best as you pursue your goals and dreams!
Since the pandemic it is not a time to buy. I bought my retirement home in 2009 when I was in my 40’s. Anyone who bought in 2021 or later is not smart.
Best of luck in whatever you do. Florida is a seasonal place for us. We rent for 6 months a year and have a little place in Maine.
Thank you for the kind wishes! It sounds like you've found a wonderful balance between enjoying Florida's warmth during the winter and retreating to beautiful Maine for the other half of the year. That's a fantastic way to enjoy the best of both worlds. I appreciate your support and hope you continue to enjoy your seasonal stays! 😊🌞
So your main home is in Maine.
For tax reasons consider Florida as residence, part tim in .Maine.
When did you buy it? My mom spends so much money seemingly almost useless renovations on her place and it makes me cringe, because I doubt that they proportionally increase the price of the house.
All the older condo with ""concrete issues"" REMEMBER ONE FELL DOWN made the problem, yours was one. then the damage to them and extra repairs , insurance jumps. That killed the market for them. And you got caught.
You're absolutely right-the tragedy of that condo collapse changed everything. It brought much-needed attention to structural issues, but the ripple effects have been devastating for many condo owners like me. The increased repair assessments, skyrocketing insurance costs, and loss of buyer confidence have really hurt the market, especially for older buildings. It’s a tough situation, and unfortunately, I got caught in the middle of it. Thank you for taking the time to share your thoughts-it’s a stark reminder of how quickly things can shift in real estate.
Near the end of your video you mention how some people question how you can travel alone and get up and move to Florida. You have a positive attitude and can-do spirit! Life is short and it's great you live a life of adventure and experiences!
I just have to say the president had very little to do with the real estate market. That is capitalism. He had to fix the economy that was given to him and according to economists he did an extraordinary job. Many aspects of the economy the President has no control over. Most people don't understand that. Unfortunately we are now in for a hellish 4 years economically and politically as he attempts to seize power and not give it up.
"I just have to say the president had very little to do with the real estate market."
You're WRONG. You're a Democrat, right? What do you think open borders and people pouring in here by the millions does to:
Home prices?
Wages?
What do you think shutting down domestic oil production does to fuel prices? Are the questions too hard?
"Unfortunately we are now in for a hellish 4 years economically and politically as he attempts to seize power and not give it up."
What a PROFOUNDLY stupid comment. Now I KNOW you're a Democrat.
Keep telling yourself that LMAO XD
Keep believing your delusional words, biden screwed us up for years at this point
What a stupid comment. This corrupt site keeps shit-canning my comments to hide the truth.
What affect do you think open borders has on
1. Home prices?
2. Rents?
3. Wages?
As a fiduciary, how can you honestly blame one person for your mistake? When you were working, would you advise clients to wait for a better president? You also forgot to mention the effect tons of pandemic stimulus added to the economy creating a bubble economy. It happened all over the world.
Thank you for your thoughtful comment-you’re absolutely right that the market is influenced by many factors, and it’s not fair to place blame on just one person or policy. The pandemic stimulus and the global bubble it created were huge contributors to what we’re seeing now, and that’s something I could have highlighted better. As a fiduciary, I always advised clients based on what made sense for their situation in the current market, not to wait on political changes. I appreciate you pointing this out-it’s a valuable reminder to take a broader view of the situation.
@@VeronicaEdwards50sounds like you have hit rock bottom and you might never recover from your financial losses; you are in the later stages of your life and if you have any money left over from your real estate investments you should seriously consider living in a European country with other American expats who have fled the United States for good and enjoy whatever time you have on this planet!
@@moa8121 Thank you for your comment and for sharing your perspective. While this has definitely been a challenging chapter, I believe that tough times are also opportunities for growth and reinvention. Life is full of ups and downs, and I’m focused on moving forward and making the most of what lies ahead. Exploring new places and embracing a fresh start sounds exciting-living abroad is definitely something to consider! Thank you for your thoughts and well wishes; I truly appreciate it.
@@moa8121EU? Are you sure? you need to do some research first"
Hi! New hear. I recently left Jacksonville Beach FL and relocated to Atlanta, I lost some money on the sale of my condo too but enough was enough and I got a little bit more peace of mind.
I hope I can type this without coming off as rude or swaying to 1 party over the other but at around the 2:07 mark... Congress ultimately controls relief and finances, Federal Reserve ultimately determines the interest rates and while the President can propose or motion a relief request or a rate adjustment..ultimately both entities can "deny it" (I'm putting that in quotes cause there's a lot of red tape in that statement but it is loosely the process of the Congressional Branch)
But, I wish you well!!! I came here from the update video so I'll be watching that after this
Veronica- I just found your channel. I am sorry to learn about your condo $ loss - so many people have experienced that if buying or selling homes long enough. Also sorry to learn of your cancer scare. When you said "my listing would not sell and I spent money to market it"- I know cost of doing business." I know you made the right choice by getting out. It's like spending good money after bad. We can't keep spending when there is not enough money to be made because of the market now. And yes the president.... I have been in the business since 1992 as an independent broker. Thankfully our timing was perfect as we sold our larger home in 2015 and built on our own as the "builder" our 'retirement" home for cash. With 0 debt we are enjoying time off and may decide to look into another part time endeavor. We are 67 & 65. After 34 years ( 10 yrs with builders before a Realtor) There is life after real estate. Yes, please - live & enjoy your life"! So glad you are near family. P.S. We lost 300k when we built 2 spec homes before the 2008 financial crisis- our timing was off and the homes sat vacant for a long time.
Thank you so much for your kind and thoughtful comment-it really means a lot to me! I’m so glad you found my channel, and I appreciate you sharing your own story and wisdom from decades in the business. You’re absolutely right-sometimes you have to cut your losses, no matter how tough the decision, and focus on moving forward.
Your story is so inspiring! Selling your large home at the right time and building your dream retirement home sounds like such a perfect plan, especially debt-free. I love that you’ve created space for your passion for classic cars and the freedom to explore part-time endeavors. It’s a great reminder that there truly is life after real estate.
Thank you again for the encouragement and for reminding me of the possibilities ahead. Wishing you both continued happiness and enjoyment in this well-earned chapter of your lives!
You said at 6:18 that “I walked away with a bit of money,” yet you said you paid $285K and put in 100K. You claimed it was worth $385K and you sold for $242K-a $142K difference. The title of video is you lost $150K. So if the math shows you “lost” $142K, yet you said you walked away “with a bit of money” how do you figure that? In reality, you lost $43K on the sale and threw the $100K in renos as a gift…no? What money did you “walk away with?” (Unless you’re counting capital gains on the sale of your original home that you applied to the cash purchase and reno of the condo…then it makes sense)
I had to pay the other Realtor's fee. That is where I came up with the $150K and I maybe losing more if I have to still pay capital gain since I only owned it for a year.
@@VeronicaEdwards50…but you said you “walked away with a bit of money” after the sale…you said you lost money.
Also, you wouldn’t need to pay capital gains if you lost money on the sale of the property regardless of how long you owned it.
@@boatsie She may have meant her mortgage was less than the selling price so she still received a check back.
@@boatsie equity, sweetie
I am in the dilemma right now of selling my home. It’s gone up somewhat in value, but the taxes are astronomical. You are inspiring.
Poor impulsive decisions yield poor results.
Especially for someone who has been in the realty business. 🤷♀️
They had 2yrs to dump that future cost and lock in their capital gains.
How is buying a condo in Florida a “great investment “?
CAN'T STOP LAUGHING
The Federal Reserve controls interest rates, not the president or his administration. They operate independent of one another.
Very sorry to hear what happened to you. But if you were actually living there and it WASN'T an investment property, why move? If it's your primary home, why not ride it out?? I know people who lost a lot and had to cut their losses for investment properties, but not really in properties they were living in anyway, esp if their mortgage was low or the house was paid for.
Thank you for your thoughtful comment and kind words. You’re absolutely right that staying and riding it out is often the best option for a primary home. In my case, the financial burden combined with the rising costs-like HOA fees, assessments, and insurance-became too overwhelming. Even though it was my primary home, the situation no longer felt sustainable, and I had to make the difficult decision to let go and move forward. It’s been a tough journey, but I appreciate you taking the time to share your perspective!
how did you throw $100k at a remod on a 235k condo? that is way to much. half the value in remod? if it was 1000 sqft you spent $100 per sqft? THAT IS WAY TO MUCH. sorry just commenting for other people. i've flipped rented and owned 30 homes
I G N O R A N T
Florida will never go down for long. You have the Ocean
And nice warm sunny winters. Air conditioning has done much for Florida. The beaches are really crowded in Jan and Feb in south FL.
The rising oceans will soon cover Florida. 😂
@@WayneMarion Just Mar-A-Lago.
The President has nothing to do with your private investments. I say that as a Republican. You made a bad investment period. Stop complaining put the big girl panties on.
Who was the cause for the interest hike? Biden did all this. US is not energy independent because of Biden. Biden rescue plan was a bust and cause the inflation spike in every product and services. Look at Trump 4 years ago, economy was humming for the duration of 4 years, all of sudden, Biden took over, everything went 180 degrees going south
@@hanyu2025 wtf? Biden has drilled more oild than any other president. We export oil. We had a global pandemic that cratered the supply chain. We pumped billions into the economy in order to save people's businesses, homes, etc. I'm guessing you probably took the money the govt was offering.
Hello! I just came across your channel. So sorry you had to sell but I truly understand. Milton (although did not cause destruction to my home) did take from savings that was not allocated. So now I have begun a hurricane fund. Insurance companies have raised costs, taxes followed, and there is little relief for those who have lost their dwellings. Personally, I have asked for the community down here to keep better tabs on legislation that affects seniors and broadcast/assemble to call leaders on those that affect them. You are much younger than me. Please keep your spirits up and thanks for your thoughts.
Hello, and thank you so much for your kind words and for sharing your story. It’s tough to navigate these challenges, and I completely understand how unexpected costs, like those from Hurricane Milton, can strain finances. A hurricane fund is such a smart idea-I admire your proactive approach.
You’re absolutely right that staying informed and holding leaders accountable is so important, especially on legislation that impacts seniors and vulnerable communities. Thank you for your encouragement and thoughtful insights-it truly means a lot. Wishing you all the best and sending positivity your way!
I'm praying for you. I am so sorry. You will rebuild.
Thank you 🤗
I’m sorry for your loss. Florida has its ups and downs but it will return to better times.
Thank you 🤗
The market should go up about 2 to 3 percent a year historically not 20% or 30%. Didn't anyone learn a lesson from 2007? Sad.
You’re absolutely right-historical growth of 2-3% is much healthier and sustainable for the market. The skyrocketing 20-30% increases create bubbles that can’t hold, and it’s disheartening that some lessons from 2007 weren’t fully absorbed. It’s definitely a reminder of how fragile the market can be when things get out of balance. Thank you for sharing your thoughts!
@@VeronicaEdwards50 You're confused about what a bubble is. Not just price. The market is bad in FL for other reasons. The big increases are pretty much holding in many US markets and many are still increasing in values. IMO there's a fundamental issue happening which has happened in many markets around the world for decades. It's not the house, it's the land. Here in Phoenix we had a lot of infill lots we could build on, lot's of cheap land in suburbs. Suddenly the infill lots have been built out and open land is now almost a 2 hour drive out. Existing homes are the only option for people who want to live in Phoenix while there continues to be more businesses and people moving here. That increases actual value.
Historical doesn't last forever.
@@waterbug1135 Thank you for your thoughtful comment-you bring up an excellent point about land scarcity being a key driver of value, not just the homes themselves. I appreciate the insight into Phoenix, where the transition from infill lots to limited land has clearly shifted the dynamics of the market. That fundamental shift you mention is something Florida is experiencing too, albeit with different challenges like insurance, climate risks, and aging infrastructure.
I completely agree that what’s happening isn’t just about price spikes or bubbles; it’s about long-term fundamentals like land availability and population growth. It’s a great reminder that historical trends can and do change over time, especially when markets face new pressures. Thanks again for sharing-this adds so much perspective to the discussion!
Blinded by greed
Thx for sharing, but that kind of didn’t make sense to me. Spent nearly 50% of the price of the unit on renovations ? It’s not like you can add square footage to a condo. What was the money spent on ? The start of the problem may have been overspending on renovations.
Thanks for your comment! I totally get where you’re coming from. The condo was actually a fixer-upper, so I purchased it at a really good price at the time, which made the renovations worthwhile-or so I thought! The renovations were for things like updating the kitchen and bathrooms, replacing old flooring, and addressing wear and tear that had built up over the years. Hindsight is 20/20, and I’ve definitely learned some hard lessons about budgeting for renovations in a market that can be unpredictable.
Left Florida 20 years ago .. best decision ever ..cheaper housing way better wages ..better quality of life
Thank you for sharing your experience-it sounds like leaving Florida was the right move for you! It’s great to hear how it’s improved your quality of life with more affordable housing and better wages. Stories like yours are inspiring for those of us making big changes too. Wishing you continued happiness and success!
@@RickMartinTH-cam Thank you for sharing this perspective-it’s so true that sometimes we don’t realize the value of what we have until we’ve left it behind. Finding contentment often has more to do with mindset than location, and your story is such an important reminder of that. Life brings challenges no matter where we go, and sometimes the answers really do lie within. Thank you for this thoughtful insight!
I’m confused as to why you chose to sell when the market’s low? Even just renting it out until the market stabilizes seems like it would have been smarter.
I’d only recommend some sell right now if either they’re financially distressed and have no choice, or if their weak market sale is coupled with a weak market purchase.
Thank you for your comment and for trying to understand my situation. I agree that renting could have been a viable option under different circumstances. However, the potential rental income wouldn't have covered the monthly payments on the property, making it financially unsustainable to hold onto. Additionally, the building regulations only allow for long-term rentals, which further limited my options. Short-term rentals might have made it feasible, but unfortunately, that wasn't permitted. I explored all possible avenues before deciding to sell, even though I really didn't want to move. Selling was a tough decision, but it was necessary under the circumstances. I appreciate your thoughts and the chance to clarify my situation.
Just discovered Veronica's videos an hour ago, watched four and love them all. Liked and subscribed. I am a single, retired teacher in CA and thinking of moving to the southeast (grew up on the east coast, some family still there, CA expensive). Veronica, you are resilient, resourceful and a survivor. I am certain you will do fine, better than fine great. Plus with your lovey, down to earth personality you will make good friends wherever you go. Best to you.
Hi Veronica, I’m so sorry to hear this news, I hope all will be great soon, best wishes to your new adventures, hugs and kisses 😘
Hi Alyssa, thank you so much for your kind words and support! It means a lot to me during this time of transition. I'm looking forward to the new adventures ahead and I'm grateful to have friends like you cheering me on. Big hugs and kisses back! 😘💖
Good for you, having noticed the changes, you took the appropriate actions - In a timely fashion.
It definitely was not what I wanted, but I did what I thought I had to do. Thank you for your kind words and support 🤗
Using debt to buy these places was not a great idea in retrospect. I do own a condo on the beach at PCB which kicks off great income even after expenses, and I own it outright. I also self insure. I plan on just holding and taking the rental revenue and having a great place to visit occasionally when I’m back in the U.S.
Ditto for me. My 60+ years old FL home has never been damaged or flooded by weather, even after having half a Live Oak fall on the roof, so a couple of years ago, I decided to self-insure. Additionally, I have a FL rental house, but choose to keep insuring it, mainly because I cannot control whether renters will be careful about turning off the stove and heaters, etc. Paid-for real estate is the way to go in FL.
The condo special assessments put the nail in the coffin for condos in fl. On top of the insurance rates, the denial in claims etc etc. Fl future is only for the rich, investors and vacationers.
Thank you for sharing your thoughts-it’s such a tough reality. The special assessments, combined with skyrocketing insurance rates and claim issues, have made condo ownership in Florida incredibly challenging. It’s unfortunate to see the market shifting in a way that feels like it’s becoming out of reach for everyday people. I completely understand your perspective, and it’s a situation that definitely needs attention. Thank you for adding to the conversation!
That’s because the association didn’t take in enough to cover long term maintenance. Pay now or at later. But you’ll pay.
I bought a condo in FL in 2022……then got cancer ( I’m fine now) and needed to move. I’ve had the condo on the market for six months without even an offer. I keep lowering the price. Still nothing. I don’t want to rent it and have that responsibility at 69 yrs old. I’m really scared 😢 Do I give it away. I can’t afford to lose that much money 🥺
@ Because I had to move - and am living in another city🥺
TOO LATE NOW
The insurance alone would keep me away. In my state, we don't have a lot of natural disasters and it's pennies.
I completely get where you’re coming from-insurance costs in Florida are a huge deterrent for many, especially with the risk of natural disasters. You’re lucky to be in a state where those costs are so manageable. It really makes a big difference in overall affordability. Thanks for sharing your perspective!
HOA fees and taxes also.
Some states where there is risk of natural disasters....Florida hurricanes, North West fires, Upper Eastern boarder states may not offer homeowners insurance, but only offer self insure. No Thank You! I couldn’t live in those areas or afford the insurance. Don’t get me started on the triple increase on home sales. Totally insane. And with Jerome Powell’s rate cuts, the home interest rates aren’t that great. Still hovering around 6%, which isn’t that good. I live in a 2 bedroom, 2 bath apartment I share with my partner. The rent is reasonable + maintenance and lawn work is part of the deal. Love it!
Sorry, you took such a loss, but today’s selling and buying has changed drastically in the last four years. Well, I guess you know that as a realtor. Tough career at this time. Good luck.
Listen! I'm in Cape Coral and work in an industry where I met untold amounts of people "...here just looking to buy a property.." from 2020 until just recently. I'm WAY beyond fed up with trying to stop them from ruining their lives, but they're all smarter than ME....according to themselves. I bought at a good price in 2011 in Cape Coral. (I usually call it something else, but this seems too tame a station for that kind of language). I just had to dump it in June, for a bare butt spanking, because of the utility's expansion, endless tax increases, traffic, congestion, the wettest, stormiest, hottest year in recorded weather history, and the fact my roof was wrecked by hurricane Ian, bureaucratic red tape, fees, and the endless 15 hour deluges the Gulf gave us. PLEASE STOP MOVING HERE. NONE OF US WANT YOU HERE AND I'M TIRED OF BEING POLITE ABOUT IT! GO AWAY!
To be honest I wanted to buy a condo over in Sarasota that was very dirt cheap but the area was very nice and I liked the fact that I was downtown walking distance. Until the insurance issue gets completely resolved and the average person who works in the service industry can afford these condos at the local level there is no point in buying them because they'll just increase the HOA dues and start to get weird with the laws that keep changing. The sad thing is that a lot of people are priced out of the market for buying homes and a lot of these homes are being built are being developed in HOA communities only. I think the next few years is going to be a dark decade for real estate in Florida not saying that you can't get a good deal but until the economy stabilizes and things get to a point to where you don't have to work 50 hours plus for the new normal, I would just rent and wait. Plus if you go online a lot of these multi-million dollar condos that are asking for top dollar are slowly realizing that it's a money pit and they're selling off for literally half a million or below so you have to wonder how bad is the building and or how bad was the board that dictated how much reserves were allocated for repairs
You've highlighted some significant concerns that are definitely on the minds of many potential condo buyers in Florida. The affordability crisis, coupled with fluctuating insurance costs and HOA dues, indeed makes it a challenging landscape for those not just in the service industry but for many middle-income buyers as well. The changing regulations and financial demands of living in HOA-governed communities add another layer of complexity.
Your point about waiting and renting in the current market makes a lot of sense under these circumstances. It's prudent to be cautious and observe how the market adjusts, especially with the economic uncertainties you mentioned. For anyone considering buying, especially in high-cost areas with significant overheads like insurance and HOA fees, it's essential to thoroughly understand what you're getting into and assess whether the investment aligns with your financial stability and long-term goals.
Thank you for sharing your insights-it's an important conversation for anyone looking at real estate in Florida right now.
I bought an apartment and NEVER AGAIN. Sold it a year later. Strata fees and nightmare neighbours. One tenant even had a rat infestation in her apartment which stunk to high heaven. Strata claimed "nothing we can do". The gardens were never maintained, despite paying a gardener. I could go on.
Thank you for sharing your experience-it sounds like you went through a real nightmare! Strata fees and unresponsive management can make apartment ownership so frustrating, especially when neighbors and maintenance issues add to the stress. It’s completely understandable why you decided to sell after a year. Sometimes these experiences teach us exactly what we don’t want in the future. I appreciate you sharing-it’s a good reminder to always research thoroughly before buying!
I'm very sorry you went through that.
A few years back, I was planning to move to FL in my retirement. Obviously, now I'm so glad I did not. The condo HOA mess and the real estate insurance fiasco there makes it impossible to live there.
I'm currently enjoying and living my retirement in NJ. But, I'll be moving my retirement to Panama in 2026. Lots of retired Americans live very happily in Panama. I'll be fixing my house to sell before then. I'll be travelling to Panama to get familiar with it in 2025.
My standard of living should be much better there.
Thank you for sharing your story! It sounds like you’ve made some thoughtful decisions about your retirement, and Panama is certainly a popular destination for many looking for a pleasant, cost-effective lifestyle. I'm glad to hear you're enjoying your time in NJ while preparing for your next adventure. Best of luck with the house sale and the move to Panama-I'm sure it will be an exciting new chapter in your life! 😊🌴
Knew someone who sold everything and moved from US to Panama for a cheaper life and came back in a year bc it wasn’t it was not as they imagined. They were shocked at real life there vs. what they thought it was going to be. Food for thought.
I have been looking at Panama too. Went there on a tour in 2021.. yes I could live there.
@anniesshenanigans3815 Excellent. Come with me. I want to share a happy retirement with someone who enjoys traveling and adventure.🙂
I’m 63 now and I traveled mostly alone all my life. I can’t do that anymore.
Thank you for sharing. Traveling solo is such an empowering experience, but I completely understand how it can become more challenging over time. It sounds like you’ve had so many amazing adventures, and those memories will always be a part of you. Even if solo travel isn’t in the cards anymore, I hope you’re able to find new ways to explore and enjoy life. Sending you lots of encouragement and wishing you the best in this next chapter!
Hello! I highly recommend a TH-cam channel called Lulu’s Way. She travels alone but also coordinates get togethers along the way. A nomadic life is not for me but many people have chosen that path. All the best on your journey.
Thank you for the well wishes, and I will check Lulu's Way channel out.🤗
Best of luck to you in your future endeavors, Veronica. You sound like one of the better, more professional and conscientious real estate salespeople, and FL needs them.
Thank you so much for your kind words and encouragement-it truly means a lot to me! I’ve always strived to approach real estate with professionalism and care, so hearing that really makes my day. Florida has been an incredible place to work, and I hope the market finds its way back to stability. Wishing you all the best as well!
Where in Florida was your Condo ?
Florida is extremely volatile for real estate. Her 242k will probably drop to 150k sadly
I moved to Florida 23 years ago. I bought my house in cash and still own it today. Last year I bought another house also in cash and my kids are living in the old house. Ive never looked at real estate as an investment only as a place to live.
While difficult, you made the right decision. You took an unknown physical and financial liability from your personal responsibility, relieving a psychological burden. I am sorry that you lost $150K, that is like leaving a 'love and sunk cost', because the future costs may be much worse...and they will, man v. nature is not a fair match. FYI - I lost a big one too 'romance scam'...at 6 figures, I left 'love and sunk cost' too. Just move forward and take it as an 'experience of life'.
Thank you so much for your thoughtful comment and for sharing your own experience-it means a lot. You’re absolutely right that letting go of the condo relieved a huge psychological burden, even if it came at a steep financial cost. It’s tough to walk away from something we’ve invested so much in, but sometimes it’s the only way to protect ourselves from even bigger challenges ahead.
I’m so sorry to hear about what you went through with the romance scam-that must have been incredibly painful and frustrating. It takes a lot of strength to move forward from such a loss, and your perspective about taking it as an 'experience of life' is truly inspiring. Here’s to both of us finding better days ahead. Thank you again for your kind words and encouragement!"
I just found a channel of this lady that sold her house; retire and lives in cruise ships , she’s traveling the world with her accommodations, food, transportation all included 😊
Thank you for sharing that-it sounds like such an incredible and unique way to retire! Living on cruise ships and traveling the world with everything included is definitely an inspiring idea for anyone who loves adventure and a worry-free lifestyle. I might have to check out her channel for some inspiration! 😊 What a creative way to embrace retirement!
What channel is that?
Sorry for the loss. During this past four years, many financial hardships have effected me directly here in Florida. I wish I moved back to my real home/ family way back when. I hear you! Can’t afford the move now.
It’s Brejoya. I didn’t know you left:( seasons change, good job on recognizing the change. Also, I agree that our current President affected the market…. My business was affected because their living was affected ( inflation, post COVID market). And congrats on getting your page to the point that you have debate in your comments, lol. Many blessings in your new chapter.
Brejoya! It’s so good to hear from you, and thank you for your kind words. Yes, seasons definitely change, and leaving was such a hard decision, but it felt like the right one for this chapter. I’m sorry to hear that your business has been affected too-it’s been a tough time for so many people post-COVID with all the ripple effects of inflation.
And thank you for noticing the debates in the comments, lol-it’s definitely been a journey growing the page, and I’m grateful for the engagement, even when the conversations get spicy! Wishing you all the blessings in your business and life. Sending lots of love your way!
It may seem crazy, all that is happening to the housing market in Florida, but from outside - EVERYONE else saw this coming. Your Governor’s idea of the state taking on flood insurance - then stiffing all of you; the home insurance and corresponding flood insurance is almost non-existent- thus no mortgage available; HOA fees mandated by, once again, your Governor, tripling and quadrupling. WHO WANTS TO BUY YOUR PROPERTY!?!?!?
Only a rube would think any governor has any control of this or even injecting the state into this business.
Look what Gavin did to Californias real estate. A red state should know better, I agree with you there.
Thank you for sharing your perspective-it’s clear you’ve been following the situation closely. Looking back, I can see how many of these issues were brewing for years, and now they’ve reached a breaking point. The flood insurance crisis, skyrocketing HOA fees, and the lack of affordable or even available home insurance have made Florida a tough market for both buyers and sellers.
It’s frustrating to see how these policies have impacted the market and made it so challenging for people like me. I hope some meaningful changes are made before things get worse, but I truly appreciate your insight-it’s a stark reality check!
FL Gov. DeSantis does NOT have anyrhing to do with mandating what HOA fees are (dummies owning condos are supposed to be in charge of that--read the FL Statutes!) nor does the governor have anything to do with controlling the weather! DUH! (Buh-bye to all the uneducated ignorant whiners!)
I think more people lose money on real estate than earn it. I sold my house in 2009. I sold for what I paid for it 5 years prior. I calculated I could have lived overseas for several years on what I lost. I think you did the right thing selling now.
Thank you for sharing your experience-it’s so true that real estate doesn’t always yield the returns we hope for. Selling your house in 2009 must have been a tough decision, but it sounds like you’ve gained some valuable insights from it. I really appreciate your support and encouragement-it helps to hear from others who’ve been through similar challenges. Here’s to moving forward and making the most of what lies ahead!
you might have lost money, but at least you got some cash out of it. Some people are walking away getting NO CASH. I hope to sell next Spring so I can travel. My house is paid off, but I need the equity in it to have a decent retirement. I am a native Floridian, but I have had about enough of the overpriced, taxed and high insurance.. If I had unlimited funds, I would stay here in SWFL. But since I do not, I will be leaving before the next hurricane season if I can sell my house by then. Not a condo, Not in an HOA.... so where did you move to? I don't like cold weather.. so my options are limited if I stay in the U.S.
Thank you for sharing your story-your perspective really resonates with me. You're absolutely right; even though I took a big loss, I’m grateful I was able to get some cash out of it, as so many others are not as fortunate. It sounds like you’ve made a smart decision to position yourself for a better future, and selling before the next hurricane season makes so much sense.
Having your house paid off is such a blessing, and I completely understand needing the equity for a decent retirement. SWFL is beautiful, but the costs and risks can make it tough to stay. I moved on to explore new opportunities, but I’m still figuring out where I’ll land long-term. Like you, I’m not a fan of cold weather, so I’m exploring warmer options as well. I wish you the best of luck with your sale and your plans to travel-you’ve worked hard, and you deserve a great next chapter!
Well , at least people had a few good years before it happened. Stay positive.
Thank you for the positive reminder! It’s true-those good years were definitely something to be grateful for, even if things have taken a tough turn now. Staying positive and focusing on the lessons learned is the best way forward. I appreciate your kind words!
After the 2nd hurricane, don't you get it?
Change is challenging as one grows wiser and older but you will find your way. God Bless. Definitely the past 4 years have been intentionally made harder.
Thank you so much for your thoughtful words and encouragement-it truly means a lot. Change is definitely challenging, especially as life experiences shape us, but I’m holding onto hope and faith that I’ll find my way. I completely agree that the past few years have been especially tough for so many of us. God bless you as well, and thank you for taking the time to share your kind words!
I have been living in Florida for about 21 years but I would love to move now.
I’m not sure where to go next. I retired in Jan 2024 I’m 57 and I have been traveling consistently almost this whole year, including international. Sometimes I do it alone and sometimes with family. I’m so happy more and more ladies are taking the initiative to travel. I’m fortunate to have my daughter moved into my house and she takes care of my plants 😂
I’m really enjoying your videos ❤
The assessments of $50,000 and more to bring the high rise condo maintenance up to code would scare me. Happy we live in Central Florida in a single family home.
Thank you for your comment-it’s so true that those massive assessments can be incredibly overwhelming. The cost of bringing high-rise condos up to code is a real concern for many owners and potential buyers. Living in Central Florida in a single-family home sounds like a smart choice, especially to avoid those kinds of surprises. Wishing you continued peace of mind in your home!
so you bought it not knowing whether you wanted to live there long term and remodeled it immediately, no bueno. you have to figure out how long you want to live there before you throw money at it, imo
Thank you for your comment-you’re absolutely right that planning long-term before investing in renovations is important. When I purchased the condo, it was supposed to be my forever home, which is why I decided to remodel it right away. At the time, I didn’t expect the real estate market to plummet the way it did. Hindsight is 20/20, and this has been a hard but valuable lesson for me. I appreciate your perspective-it’s a great reminder for anyone making similar decisions!
I lived in Florida (Deland) for 5 years and it wasn't what I thought. Moved to Idaho and now enjoy 4 seasons and rarely have humidity which is a blessing if you know what I mean. Close to retirement and looking at van life where I can travel whenever I want. Life is definitely a journey and there are no guarantees. Hang in there... I always believe things will always get better!
Thank you so much for sharing your journey! I completely understand about the humidity😬. Idaho sounds amazing, especially with the four seasons; I'm definitely putting it on my must-see list. You're so right; life is a journey with ups and downs, and I love your optimism-it's truly inspiring.
Deland is a beautiful area. Just out of curiosity, what didn't you like about it?
Years ago van life excited me. I had stayed in a van on fishing trips and it was fun. But slowly watching van life videos I started to remember some downsides. A rainy day stuck in a van. Condensation so it was raining inside the van when cold outside. And the cost is really hide due to fuel and repairs.
The biggest risk I saw was older people getting into a van because they thought it was cheaper but not realizing being in your 60's in a van would not be the same as in your 80's if medical issues start. Or your 90's even if healthy. These people can't even get back into an apartment.
Too scary for me.
Instead I'm moving to SE Asia. Pretty reasonable if you have medical sorted. Good weather and lots to explore. For old dudes like me dating is super or finding a wife/partner is easy. A 20-30 year-old attractive woman who is fun, loves taking care of you and the house even as you age out, have medical issues, is priceless to me. Plus labor is cheap so a live-in housekeeper is $75-200/mo USD, live-in trained caregiver is $500-1000/mo.
@waterbug1135 you are being delusional, do you really think a young girl "loves taking care of you"?? They do it because of poverty, it's a transaction, in SE Asia the fenomenon of old sleazy westerners is well known
@@Damon-qt3fw Deland is a beautiful area... in fact it won best Main Street in the US I believe. My issues with Florida...Wages are low, the summers are unbearable, and going through hurricanes are not fun.
I'm sorry!! If you need a friend, Im here for you!! I know your future is way brighter than all of this!!
Stuff happens. You take a chance and it doesn't work out. In my case I lost Mucho Doloros. I think quite a bit worse than your story. I have been there. I did have a fallback plan B. I recovered and I am happy. But I was in my mid-forties when it all went down. I am in my early seventies now.
Thank you for sharing your experience-it sounds like you've been through quite a journey. It's really encouraging to hear that despite the setbacks and significant losses, you had a Plan B and were able to recover and find happiness again. Your resilience is truly inspiring, especially as it reminds us that it's possible to bounce back at any stage of life. I'm glad to hear you're doing well now in your early seventies. Stories like yours give hope and strength to others facing similar challenges. Here's to continued happiness and resilience in the years to come!
It took a few years... for the insurance & legislation to catch up after the Surfside collapse, but now it's here. Condo assessments + insurance + taxes. Condos are just a big cubby you rent for awhile in a mostly sunny place...
Once was enough on condo ownership. Too many things outside of what you can control. The bloom is definitely off the rose for Condos.
The new book The Bubble That Broke The Bank sees Florida recovering in 2030. Stay away and save your money in a safe state.
Wow I'm so sorry to hear that. But you will definitely bounce back you have everything going for you Veronica you are beautiful you are intelligent you will persevere❤❤❤
Thank you so much!! 🤗
@@VeronicaEdwards50 you are entirely welcome my beautiful lady
@@VeronicaEdwards50 I am semi-retired and it seems like nothing worthwhile is easy
My son is a real estate agent in Naples Florida and is doing very well.
That’s wonderful to hear! Naples is such a beautiful area, and it’s great to know your son is thriving in real estate there. It’s inspiring to see agents doing well despite the challenges in the market. Wishing him continued success and thank you for sharing!
I hope everything goes wonderful for you with your move and travels. No fun but you still get out and can move forward now.
Never put your cash in to home.
The stock market isn’t good either so I am not sure where a good place to put cash with inflation.
Sorry to hear hopefully things pick up Florida is tough with the insurance policies given. Many happy days ahead.
I heard about a condo in St. Pete 1 bedroom 1100 square foot person died. They cut price $50K to get it sold but HOA fees were $1K a month.
Thank you for sharing that-it's such a telling example of the challenges in the condo market right now. A $50K price cut is significant, but with HOA fees at $1K a month, I can see why it would still be a tough sell. Those high fees are really making it harder for condos to stay competitive, even when prices are reduced. It’s a tough situation for both buyers and sellers.
Why did U sell? Why not hold on to ur beautiful condo until the market improves? Just curious?
Feb might be great for the locals since they are probably tired of sweating. But I used to go every Feb, about 15 times, and as of last year, I’m not going down from my freezing state to be in 65 degree weather. Not warm enough to make that $$$$ trip.
I completely understand where you're coming from! It's definitely important that your trip feels worth it, especially when you're looking to escape the cold. February can indeed be a bit chilly for those hoping to soak up some serious warmth. I hope you find the perfect getaway spot that checks all the boxes for your next vacation-somewhere you can truly thaw out and enjoy your time off! ☀🌴
The President or the Florida Governor, DiSatan?
I think the latter…he made the homeowners insurance mess we are in.
Stop it.
Your home is never an investment. It’s an awful investment compared to SP500 that earns 10.26% annually average over past 50 years. Only realtors, mortgage companies, and banks sell that your home is an investment.
Seattle real estate has been the fantastic.
@ I guarantee you (and you can ask AI) that a $500,000 home in Seattle bought 25 years ago has not even come close to keeping up with that same money in the S&P500 over that same 25 years. And you selected a “good” market. Not even close.
@Burps___ 25 years ago average house in Seattle was $200k, today $800k, and... You can't live in a stock certificate.
@@Burps___ 25 years ago average house in Seattle was $200k, today $800k.... and.... you can't live in a stock certificate.
That said, you are right Seattle near top of the spectrum.
My home value has almost tripled in ten years. Real estate is a fabulous investment.
Glad I found your channel Veronica. I am starting over also at 65. I love your outlook and I am a new subscriber 😊
Hello Veronica. ❤ I'm a brand new subscriber watching in 🇬🇧
Hello and welcome to the channel! ❤ Thank you so much for subscribing-it's great to have you here watching all the way from the UK! I truly appreciate your support and hope you enjoy the content. Feel free to share your thoughts anytime!
New here, love your channel
Welcome to the channel! I'm so glad you are enjoying the content, and thanks for your support 🤗
Sad Ms. I am from Australia and am beginning a project including providing an eclectic array of products with my medical specialist son Brown Uni and Sydney Uni....and.a sydney historical contribution and mobile solar products of the best integrity to begin with. Let us know if you come this way. We'll need some good help hehe.
Unfortunately due to Covid 19 and remote work many people flocked to The sunbelt which was unable to build any new housing so prices went sky high ….along with low interest rates 3.5 years ago. Now that rates have increased along with increased cost of insurance and taxes many folks are leaving Florida and Texas
You lucked out only losing 150k. It's gonna get a whole lot worse for all real estate in Florida. My guess is a %50 to %60 loss.. did you even look at the price it was in 2020? I'll never understand how people can think a %300 increase in 4 years is "normal" and decide to buy at the top of the market especially in a boom and bust state like Florida. Not only that but to spend over %200 and then think its a good idea to drop 100k in improvements...
Thank you for your comment. Losing $150K was tough, but I agree-it seems like Florida’s real estate market is facing even bigger challenges ahead. With rising insurance costs, climate risks, and economic pressures, a significant market correction doesn’t feel far-fetched. It’s a tough reality for many homeowners and investors. I appreciate you sharing your perspective-it’s definitely something we all need to consider.
Folks,
Let this woman’s testimony be a warning to you if you value your hard earned $ stay away from
condominiums in Florida. The landscape for condos in Florida is going through a major shift. You
won’t want to be repeating her story to your friends and family.
She couldn’t travel from Florida? Something seems to be missing from this story. Rs