Junk homes stacked to close together and priced to high. Thinking part of the problem is people up north have a ton of cash from selling there current home.
I blame your Horry County leadership over the past 25 years. Those guys were begging for developers to invest back in the late 90’s/early 2000. Causing urban sprawl and taxes to grow.
@@HarrisonCountyStudio Exactly. I live in Carolina Forest. Yes, our houses are closer, but they're not packed together. It's just any other suburb. You guys are complaining about beach suburbs. The demand has just gotten too high here. I live here and see this stuff. This guy really doesn't entirely know what hes talking about. These suburbs are made for people to rent and then move locations. We live in myrtle beach for Christ sake. It is gonna be expensive.
Certain sections. I’ve found the “worst” part is the southern end of the main Myrtle boardwalk. I live in Carolina Forest and this is definitely a nicer part. Would love to move to North Myrtle or Conway to something a little more affordable (I rent).
Buying a home is an investment with risk. If you don't want risk, that's fine, but be a rational adult and assess the situation for yourself. As bad as 2008 was, and is was awful, markets recovered as did home prices. Think like a long term investor.
I would be careful with that statement. Most folks think the house they live in an investment. A true investment is cash positive. Meaning it makes you money that you can put to work and make more money. The house you live in is always an expense even if it is payed off. You don't get gains until you sell the house. Now if you have a second house that is rented and someone is paying your mortgage and you are cash postive, that one is an investment. Timing is important. 2008 everyone go on the gravy train as house prices just kept going up. I had friends that bought houses and just sat on them for a year, had law service, and then sold them a year later for a 50k profit on each house. It was great while it lasted but they ended up losing everything ... including the house they lived in.
A house is an investment which is not liquid. The hair-on-fire rantings of catastrophic predictions are unhelpful and misleading. Putting all your resources into a home is not prudent, but if you have cash savings, an equity portfolio, and some bonds, a long term home purchase makes sense when you've done your due diligence on comps and mortgage rates.
It would be foolish to buy a home here. You would never be able later sell it. Too much competition. Cheaply built homes that will fall down before their paid for.
Every time I see a 55+ community I kinda die inside. I'm 50, and every one of these communities would kick my Metallica-loving butt out in less than a minute. And they want HOA fees? Forget that noise. Rather mow the lawn into my 90's than ever put up with that crap.
@@LesHom Perhaps they should change it to 65+. I don't know anyone near my age without disability who would tolerate the intrusive nature of these communities.
@@LesHom and it's entirely possible living in this type of community is something I would perceive as a personal hell. I wouldn't want to be there, the neighbors would hate me, and being told the color of shutters I would be allowed is simply fascism. Enjoy that if you wish, not my wife nor I would ever do so.
My husband and I still live in our 2700 sq ft home where we raised our children that haven't lived at home for 12 to 4 years. They're now 34 and 27 and have their own families. We're in the Metro Atlanta burbs and the 2nd most desirable subdivision. I'm getting multiple post cards or letters weekly from realtors asking if we're looking to sell as they have a waiting list for this small subdivision. It's also a subdivision where houses are still selling for high prices, with MAYBE 1 or 2 homes coming on the market a year. It's the 2nd most desirable neighborhood because it has a HOA. Unlike many of the new homes being built, we don't have any amenities. We pay $200 a year for NOTHING BUT AN OVERZEALOUS NAZI HOA BOARD! If you have a birthday party or another celebration at your house that's more than 2-3 hours YOU WILL BE FINED FOR YOUR GUESTS PARKING IN FRONT OF YOUR HOUSE!!! THEY'RE NOT BLOCKING ANYONE'S DRIVEWAY AND WHO EVER IS HAVING THE PARTY GOES TO THEIR NEIGHBORS TO MAKE SURE IT'S OKAY FOR THEIR GUESTS TO PARK ON EITHER SIDE OF THEIR HOUSE... THE HOA SAYS THAT WE DON'T HAVE THE RIGHT TO DO THIS! THEY MAKE THE RULES AND DEFINITELY DISH OUT THE HEFTY FINES! YOUR TRASH CAN BEING OUTSIDE BY THE CURB FOR OVER 24 HOURS- $50 FINE DAILY... TRASH CAN CANNOT BE OUTSIDE OF YOUR HOUSE, EVEN IF IT'S NOT VISIBLE TO ANYONE! THAT FINE IS ALSO $25 A DAY. YOU CANNOT HAVE MORE THAN 4 CARS ON YOUR DRIVEWAY, OURS IS LONG ENOUGH FOR PROBABLY 8, BUT WE'VE NEVER HAD MORE THAN 3 VEHICLES, EXCEPT FOR THE CHRISTIANING OF OUR GRANDDAUGHTER WHICH WAS ONLY 7 CARS, ON OUR DRIVEWAY WHICH INCLUDES MY HUSBAND'S PATROL CAR. We bought 2 of the 3 lots on the cul-de-sac when we had our house built. We didn't want another house built on the small 2nd lot to have a house practically on top of us! The only other house is not close to us as that lot was large like the bigger lot our house is built on out of our 2 lots. We have black shutters and front door. A pale yellow siding with different shades of light brown stone in one area. I wrote the "required letter to the management company" to ask if I could change the shutters and front door color to hunter green. NO WAS THE ANSWER, EVEN THOUGH SOME HOUSES WITH THE EXACT SIDING AND STONE HAVE THE HUNTER GREEN COLOR... I EVEN SENT IN THE COLOR CARD TO SHOW THAT THE COLOR WAS CLASSIC HUNTERS GREEN! CRAPPY BUSHES IN FRONT OF ONE OF OUR LIVING ROOM WINDOWS. IT'S A STRUGGLE TO KEEP THEM ALIVE, OTHERS COMPLAIN ABOUT IT TOO, BECAUSE THEY WEREN'T MEANT TO BE IN OUR CLIMATE AREA!!! I ASKED THEM NOT TO PLANT THEM WHEN THEY WERE BUILDING OUR HOUSE BECAUSE I WANTED TO PUT ROSES IN THAT AREA. I'M A ROSE FANATIC AND GROW ROSES THAT ARE THE ENVY OF THE NEIGHBORHOOD. WELL... THEY WENT AHEAD AND PLANTED THOSE SORRY EXCUSES OF BUSHES! WE SAID WE'RE GOING TO DIG THEM UP AND PUT A ROSE BUSH BED IN THERE... WE WERE TOLD WE COULD NOT AND IF WE DID WE WOULD BE FINED $50.00 A DAY PLUS THE COST OF THE BUSHES AND LABOR TO REPLANT NEW ONES👿👿👿 WE'RE GETTING OUR HOUSE READY TO PUT ON THE MARKET TOWARDS THE END OF MARCH BECAUSE WE'RE SICK AND TIRED OF THE HOA BS!!! WE'RE AWESOME HOMEOWNERS! OUR YARD IS METICULOUSLY KEPT CUT AND TRIMMED. WE PAY A WEED SERVICE FOR YEAR ROUND TREATMENT. WE POWER WASH OUR HOUSE TWICE A YEAR. WHEN WE'VE GONE ON VACATION, AND WON'T BE HOME TO BRING OUR TRASH CAN BACK INTO THE GARAGE BY FRIDAY AFTERNOON, OUR WONDERFUL NEIGHBORS PUTS IT IN THEIR GARAGE NEXT TO THEIR TRASH CAN. WE DO THE SAME FOR THEM. WHO THE HELL CAN AFFORD TO HAVE TO PAY A FEW HUNDRED DOLLARS ON TOP OF THE MONEY FOR A VACATION... THAT WE ARE LUCKY TO TAKE EVERY 5-7 YEARS! WE'RE DONE!!! THE NEIGHBORS IN THE CUL-DE-SAC BEHIND US AND OUR IMMEDIATE NEIGHBORS ARE BEGGING US TO PLEASE STAY! THEY'RE AFRAID THAT A YOUNG COUPLE WITH YOUNG CHILDREN OR ARE GOING TO HAVE CHILDREN WILL BUY OUR HOUSE. OUT OF ROUGHLY 50 HOUSES THERE AREN'T MANY PEOPLE WHO HAVE CHILDREN STILL AT HOME. WE HAVE GRANDKIDS THAT COME TO STAY HERE AND THERE BUT WE ALL HAVE SURE TO SUPERVISE THEM UNLIKE A LOT OF YOUNGER PARENTS WHO LET THEIR KIDS RUN WILD, EVEN IN THE DANGEROUS WORLD WE LIVE IN TODAY! I INHERITED ABOUT 36 ACRES OF THE CATTLE RANCH I GREW UP ON IN 2015. IT'S IN OUR NATIVE STATE OF TEXAS. THE PART I INHERITED HAS A SMALL 2/1 CEDAR CABIN ON IT. IT'S MOSTLY USED BY OUR KIDS, NIECES AND NEPHEWS THAT LIVE WITHIN AN HOUR OF IT, IN EXCHANGE FOR KEEPING AN EYE ON IT, ALONG WITH LETTING US KNOW IF ANY REPAIRS ARE NEEDED. THAT'S WHERE WE'RE HEADED WHEN THIS HOUSE SELLS! WE'LL HAVE MORE THAN ENOUGH MONEY TO ADD AN ADDITIONAL BATHROOM AND BEDROOM/OFFICE ON TO IT. WE'LL ALSO BE ABLE TO RAISE OUR OWN SOURCE OF FOOD INSTEAD OF EATING THE TOXIC MEAT AND PRODUCE YOU GET EVEN IN THE WHOLE FOODS OF THE WORLD... NO ONE IN THE SUBDIVISION IS ALLOWED TO HAVE A GARDEN LARGER THAN 5ftx5ft AND IT MUST BE IN YOUR, APPROVED PRIVACY FENCED BACKYARD. ALL OF THIS FOR NOTHING EXCEPT PAYING A MANAGEMENT COMPANY TO ELECT YET ANOTHER NAZI TO BE PRESIDENT EVERY YEAR TO DRIVE THE NEIGHBORHOOD DAILY TO REPORT THE SMALLEST VIOLATION... WHICH EVEN INCLUDES A NEIGHBOR ACROSS THE STREET THAT OVERLOADED THEIR TRASH CAN, THE LID HALF WAY OPEN TO ALLOW THEIR UNBAGGED TRASH TO BLOW INTO YOUR YARD!!! MOST EVERYONE WANTS PEOPLE IN THEIR NEIGHBORHOOD TO TAKE CARE OF THEIR YARDS AND HOMES. MANY OF US HELP OUT OUR NEIGHBORS FOR FREE WHATEVER THE REASON, BECAUSE THAT'S WHAT YOUR COMMUNITY IS SUPPOSED TO DO... OR THOSE OF US WHO WERE RAISED WHEN THE WORLD WASN'T SO MESSED UP WITH THIS "WOKE AND ENTITLED AGENDA!" GOD HELP US ALL THAT IT DOESN'T GET ANY WORSE 🙏🙏🙏🙏🙏🙏🙏
Ive been in the building industry since 94, these homes have gone from 99,999 in the 90s to over 500,000 in 2024. Same cheap materials , the builders are mostly taking the lowest bids on every aspect of the build. They all have sold their warranties to outside warranty companies so that they dont even have to complete the final walkthroughs. Then you deal with HOA's that are absolutely terrible. There is no industry here so the only jobs are in the service area, and in the winter they are all scrambling to work. Every bit of the infestructure is outdated and in shambles, the builders are literally filling in wetlands and building houses before anything can settle, foundation and slab repairs have gotten so bad that a company has moved here strictly because of this. Our local governments should be ashamed of themselves for doing nothing except pad their pockets. When this all ends youll see these will all be low income government housing.
Very poor infrustruture, bottle necking roads or roads that just lead to a dead end, The Horry county officials were allowing development after development and not leaving an easment for roads, Like I said very poorly planned.
Please don't be deceive, Myrtle Beach market has a lot of money. It used to be a break between non-tourist seasons Oct-Feb, but no longer. Lots of transplants from New York, New Jersey, Ohio, etc. I sold my townhouse in Market Commons in Myrtle Beach and got out just in time. Too many Northerns moving there.
The whole coast of SC are transplants from the north. I moved from CT to SC down by Hilton Head and everyone here, is from the north pretty much. Gotta go inland a bit, to find true southerners.
I mean, this isn't true. It is a vacation destination but 95% of the communities do not allow short-term rentals. Most rentals are limited to a very specific area.
I’m retiring from NJ. My wife and I built a house in SC, 25 miles west of North Myrtle Beach just as Covid was starting. 4bd/2ba on a half acre! With upgrades it was just over $200k and mortgage rates were 3%! Thank the good lord that we decided to sign the contract! We love the house and go down for holidays and a few weeks in the summer for now! Every time we go down, we see a new subdivision going up somewhere! If we had waited, I would not be able to afford what they are selling these for today! 😎👍🏼💪🏼
This video is nothing but fear mongering and speculation. I mean, you're driving around, flying your drone and saying "oh man, look at all these homes, they will never sell" meanwhile half the homes you're looking at are sold. When you are flying the drone in the second community you're "guessing" that they are spec homes when in fact you're in a community where a majority of the homes are being built for someone specific. Also, in the beginning when you are talking about the city of Myrtle Beach population while in a completely different town - North Myrtle Beach. The actually "Grand Strand" population (Myrtle Beach and its surrounding suburbs) is well over 300,000...get the facts right. I'd imagine if you take to some of the on-site reps when touring the communities you'd realize that a lot of the homes "that will never sell" are actually already sold 🤷🏻♂
I live right near there in little river. Wait until we get hit with a big rain hurricane. Route 90 and 9 and others flood and are closed in some parts for weeks!
@@elperrocoverothe entire area is flat and once the asphalt gets paved there is no where for the rain to go. I watch as they cut corners and do not expand the drainage. Again Carolina forest, anything off of Route 90 and route 9 and definitely stay clear of the Waccamaw river. That is the issue. All rain from NC flows south through that!
Hurricane will blow that crap off the concrete pad. Flood areas in South Carolina are big concern. Buy in land 100 miles. Or risk your life in huge Hugo hit Hurricane. This place is as bad as Florida in Hurricane season.
@@Markanthonylawson this shit so hard looking to buy a house. Now another thing I have to look for good drainage. How do I know when a house or subdivision section has a good drainage ?
It's the last bastion of undeveloped corridor ALONG THE EASTERN SEABOARD, and the infrastructure is NOT adequate for what is going up! Multi-family structures having major problems: water breaks/contamination, causing relocation of residents, and that's just in ONE less than 1yr-old construction, not even complete. They are looking for illegals and section-8s... Construction crews are at larger sites, so smaller jobs are at a premium, *IF* YOU CAN GET THEM OUT.
@@sandragcorbett3157 I honestly think some of local zoning boards between Wilmington and Myrtle Beach need to be looked into for possible corruption. They are approving large developments in areas highly prone to flooding.
I've been here in Myrtle Beach/north Myrtle Beach for almost 10 years, they are planning so many Spec houses, and they are so expensive that the "average" would-be homeowner cannot afford to buy here. These houses are not being built for us, they are being built for the pensioners who sell their houses and buy these.
Not sure if this us true but i have heard repeatedly that homes built in the past three years no matter the price point are poorly built with cheaper materials.
Errr... the reason why there are far more homes being built than what is listed as available is because many people in myrtle beach buy/build their new home as initially a second home then eventually move here. The influx of people here are typically from the NY/NJ area, not Florida.
It’s crazy to me that this guy just walks around and says “look at all these empty homes being built but aren’t for sale” without asking if they are already sold 😅
🎉🎉🎉 Thank you Travis for these Boots on the ground videos and especially with your awesome guest Melody. I so Much Love these videos because the PROOF is right there in front of us. It’s one thing to go off of Data and it’s another thing to actually see what you’re showing us. And so close to 90,K subscribers makes me happy for you. Wishing you a great weekend. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Why do all these new subdivisions look like the apocalypse just hit? Don't these contractors know how to preserve mature trees? Nobody wants to live like that. The homes are too close together and no thought is given to landscaping.
Nope. Not going to spend a lifetime of slaving for a home that is going to depreciate because the market is collapsing. You need to wake up. The older generation is not downsizing, so the younger generation has to. Since I cant afford kids anyway, Im going the tiny home route. Cant see any reason to spend so much for a house too large for us anyway.
Great video. So to add to what you're saying here. I live in a Great Southern Homes community outside of Conway, SC right off 905. That being said they are building a ton out here. We closed on a new construction home 10/2023 and since then we've gained over $60K in equity. If you're on the edge of purchasing, just do it and thank yourself later. We moved from Moncks Corner, SC another booming area. Over the 2 and 1/2 years there we gained over $150K in equity when we sold to move to Conway. The problem is the local community people that work locally can't afford to live here. My wife and I work remotely and make way over the income level here and it's simply much cheaper from NJ where we moved from originally back in 2019.
Also, ftr for you mainlanders, we don’t give a heck about a yard really. I gotta big old yard. NEVER use it. 😂 maybe once or twice a year but it’s too hot or it’s raining or the fire ants are out or the mosquitos. You THINK you’ll use it, but you won’t. 😅
Travis, have builders simply given up on using concrete block? I can’t see dropping $500K - $1Mil on a “stick village”, especially in a hurricane zone.
Moved here from CT. It is one of the nicest places to live in the US. I live down in Beaufort, near Hilton Head. Taxes are cheap, people are so nice, it's sunny EVERY day.
@@ChiaussieIf they still vote the same as they did to make New York a liberal "progressive" DEI/crime cesspool, then they're not welcomed. Same for them moving to CO, TX and FL. -- BR
I lived in North Myrtle from 2005-2008. It was noticeable back then all the New Yorkers, so I’m sure now it’s crazy. I lived in a culdesac of 8 newly built homes. 2 houses were locals, I was from Virginia and 5 of the houses were relocated NYorkers.
I know 20 ppl that moved, had an offer on the first day. I don’t know where they are getting their information but Myrtle Beach is growing faster than they can built homes. I live in MB, so I called BS on this. No they are not staying on the market longer than a month. They don’t mention that the owners hold off until they find the right buyer!! Lies…Lies… I know ppl moving in from NY, TN, FL, CT…. Ppl are buying condos and apartments when breaking ground…. Liesssss
I service 15+ new comstruction under 1 year or currently being built as a electrician and Myrtle is like Beverly Hills compared to Wilmington. Im seeing the areas inside 31 still selling very well and values holding steady. If you look at homes that are passed the college on 501 or down 22 then u find def alot more affordable and slower sales. They also have alot of areas where they split the sub divosions into two sides rentals and for sale. Def a much nicer place to live if you dont want the big city of Charleaton or the toilet of wilmington.
Your numbers are way off. Greater Myrtle Beach area has around 400,000 people and has been increasing by 100,000 each decade. Plus there are 19 million tourists visiting the area each year, hence the short term rentals and I'm sure hundreds of hotels/timeshares you also saw while visiting. This area has been very hot for retirees from the northeast, I live in the area, and most everyone you meet is from New York, New Jersey, etc. Being that home insurance is still reasonable and available, property taxes are very low for seniors and full time residents, and you can still find a house that is under the national average I don't see a huge decline in the numbers of retirees continuing to move here. As an example, when I moved here 3 years ago I could call and get a doctors appointment often the next day. Now it is 6 weeks out. Also, I drive past Avery Woods that you visited pretty much every day. The first 30 or so homes were built probably year and half ago. A friend had pre-purchased and had to wait 8 months for their HVAC system and other items to be installed due to supply chain issues. All of those first phase homes are sold and lived in. They are now just starting a few more homes there, but I can guarantee Great Southern Homes which has built thousands of other homes in the area is not going to build the whole neighborhood until they get those they are building currently sold. They don't seem to be in a hurry or under any financial distress. No matter what happens in the market the math is always going to be in someones favor to move from the northeast to South Carolina. The same cannot be said for many areas in Florida.
Sold my 1,500 sq ft condo up north and bought 5 bedrooms/4 full baths (one bedroom and full bath are in detached in-law suite). My taxes up north were over $7k per year and we have about 4 decent months of weather a year. The rest of the time I'm tuning up the snowblower. I'm 10 mins from the beach, Market Common, and the house is brand new in a planned development started last April. Would have cost me close to a $1M where I moved from :-)
The taxi will be that here soon. The more that come and buy homes, the more they will develop. The more they develop, the higher the property value. The higher the property value, the more often the tax evaluation happens and the higher they go. It's a vicious cycle of corruption and greed. Unfortunately it's inevitable.
How do you know so much of this is spec? I've been through plenty of new neighborhoods and often these are under contract...some might be spec. I don't think as many of these are specs as what you are calling out.
I live in Upstate, SC. BMW is building a new plant in Woodruff, SC. The area is seeing rapid growth. I think the homes are way overpriced for the mean income in the area.
@@sylc6688 We are blessed to have our home paid off. It has more than doubled in price. I got the house new in 03 before we got married. 5BR, 2.5 baths with screened porch for 154k. I thought I was getting in over my head. We made it. Living below our means and saving paid off.
I live right near the new plant and it is absurd the number and size of these subdivisions going up. They will be ghost towns within a year or two. There is no way this economy is not going to implode.
@@loribayne5109 Agree 100%. Who's lining up at these prices with 7.5 plus rates. I drove from Simpsonville to Pauline today. The developers are stalling. GFC 2.0 is here. The next few years will be tough on the people.
I’m a native S Carolinian from Columbia; moved away for school at 22, now living in Beijing for 17 years. I’m thinking of moving to the SC coastal area for retirement within 2-3 years. I prefer a place w/a good HOA as community will be better maintained. If there’s a major downturn in the market, I may accelerate my timetable.
55 plus is not a good comparison. Its only been in this market that they have been placed in the same price point as non 55 homes. Historically they have been priced lower, rented lower and sold slower. Looks like an awful neighborhood. Im in Beaufort county SC and prices are still going up, still selling at ridiculous prices. $500 a sq ft in the hood.... Want to see million dollar homes under 2,000 sq ft come on down here. So its definitely a locality thing.
Reminds me of Florida at the Gulf (30A), at Lakewood Ranch and all around Sarasota. They just keep building, building, building, slapping stuff together. Too expensive, huge HOA fees, just overpriced track homes. Seems like most homes were purchased for rental income. Crowded roadways … I’m not feeling the need to move as I know what I have where I am even if winters are cold.
I would rather live in a small camper at a park and walk to the beach. For example Avery Woods is 10 miles away from the beach as a crow flies straight line(likely 40 min drive to the beach, good luck finding parking or open beach).. so much for the beach life, more like a suburban life in a hot sweltering hell drained swamp all summer which is what most of that land actually was.
I’ve owned a vacation now retirement home in North Myrtle Beach since 2010. The average condo/townhouse in my community is on the market for under 15 days. My condo has tripled in price. The market is great.
For you, it certainly is great, getting in 14 years ago before the world went bonkers. Good for you! For others, it is becoming overpriced and quite saturated. For today's buyer, they may not see that kind of appreciation. Don't worry,! You won't notice the correction having had your property triple in value.
@@JJ-hv9vr Boight my first house in 98’ and it quadrupled when I sold before the pandemic. Real Estate bought in the right area is almost always a good investment, you have to play the long game. The condo I bought in 2010 that has tripled did not go up 1 cent until 2019. Yes timing is important but the long game almost always works. Prices are starting to soften up in certain markets and soon it will be a good time to invest. In terms of buying my first home, I was making $50K and the home cost $250K, I was eating rice and beans for a few years, but that is how it always is when you’re working your way up. Today people make $100K and homes cost $400K - $500K. If you invest wisely you will make money.
They simply built homes that are too expensive. Over 500k for a retirement home? Congrats if you can afford it but not this boy. I don’t think that number will work for the vast amount of retirees in the pipeline.
If these Dell Webb homes are 24 on center like many homes in Blufton SC. Your not buying a CBS construction in Florida. Big hurricane and insurance is going to go up.
Still don’t understand how you can prove all these houses are not under contract and ARE AVAILABLE. Is it bc No sold sign???I once asked Melody that and didn’t get a clear answer.
I really want to thank you for all your hard work here. THANK YOU. I'm a recovering, Retired RE Broker living in Murrells Inlet. Have been here since 2006, from ... San Diego. I know! Anyway, thanks for the update on County. Since I'm out of the loop, on a need to know basis, I appreciate the tour. I better understand what's going on now. Smelling like 2007 all over again. Safe trip to your next location. Keep up the good work.
Welcome to South Carolina y'all...the best State in the Union....or shall I say the first State to break from the Union originally...welcome to the Dirty South!🤑🇺🇲
Waterbridge is a custom home subdivision that sold their phase 3 plot to Chesapeake which is a tract home builder. Really screwed home valuations in that neighborhood.
The other dynamic of excessive housing growth in MB and NMB is that the home insurance will surely be excessively high. Home insurance costs jumped in MB a few years back when the surge of growth affected homeowner's premium - quadrupled without any warning. The reason: the limited number of emergency response stations were now grossly inadequate for the number of homes in their charge. The number of fire trucks, the gallons of water each truck could carry, the number of emergency responders/staffing, and the distance of and number of fire stations to developments were not increasing at the proper ratio to developments. Add to that, when home insurance goes up, HOA fees certainly increase as well. MB and Charleston SC are absolute flood zones and hurricane zones. When evacuation routes are used, everyone must come inland, abandoning their coastal homes for weeks. Who wants to be 80 yrs old and suffer thru being displaced for floods/hurricanes? Good luck with that.
Yes, all of the retirees who wanted to move out of states like New York and others up north have already done so. A few things people have to get used to in Myrtle Beach, South Carolina is the humidity, mosquitos and traffic during the peak season. Also, the fact that saltwater air will eat away homes, cars and anything else around your house. Other than that, if you can find a place to park your car as you drive to the beach, you will have an enjoyable experience.
I would be curious to know who is moving to SC and if they are aware of the hurricanes and tropical storms that hit there every year. I would be curious to also know about flooding, home owners insurance. The Living Dunes area looked nice, they look like 4-5bedroom homes. I don't understand the unattached garages though. That reminds me of some homes in the Houston area where the garages are not attached but they are in the back of the homes.
SC resident here and I sure hope anyone who buys any of these properties are fully aware these are flood zones and the insurance rates have increased throughout the entire state. Buyers beware!
I live here and every place isn’t a flood zone. Yeah hurricanes hit here but not as often as Florida or the gulf coast states. I’d say until you’ve lived here don’t take someone else’s opinion. They picked and choose certain sub divisions.
Hey Travis. It is nice to see you in SC. Please consider hitting the Nexton area in Summerville, SC, near Charleston. I would like to you do a piece on my neighborhood. Take care Travis.
Be real .. when prices are, for example $299,999 … the price be realistically given as $300,000 … which it is … playing number silliness doesn’t bode well with people … Pretend you’re speaking to sellers now. These prices based on fiat paper money are already in crash mode … trouble is already there! 😢
Please no more ppl move here... we are at full capacity. There are literally no locals left due to being priced out from all you retirees moving down here. Dont worry tho theres hardly any work force left so everything from service to pd/fd are absolutely slammed and under staffed 👍
I think overbuilding is a good way to look at it. Very large apartment complexes going up also single families communities being build by large rental companies a lot of renters here who can’t afford a house and the land is getting picked up fast. Wait 20 years for the boomers start clocking out. Never mind jobs, hospitals, schools, pay is lower, fixed incomes. So much to bring into the mix. Well a lot of places goes through the ups and downs. Myrtle over due for some down time.
I live here and have been in the RE game 10 years, so let’s inject some truth into this whole thing. There are certainly some affordability issues with all markets on a macro level, and things here have slowed down from the ridiculous pace they were at. Redfin and Zillow are garbage data sources, and your facts here are misleading and/or false. 1. There isn’t a 7 month supply locally, there never has been. There is a 3.5 month supply, and that’s now and also four months ago when the video was made. That’s a normal market. It was 3-4 week supply for a while, which is not normal at all. 2. Horry County has 411k residents and has grown at a 3-4% rate per year for several years now. North Myrtle incorporated might have 29k, but all the towns down the coast here run together, and most of the population lives within 15-20 miles of Myrtle Beach, from Little River down into Georgetown County/Pawleys and west into Conway. As for tourism, the number of guests per year on the Strand is about 17-18 million, so those vacation rentals are getting their use. 3. Most builders here don’t spec. They build the models and market/sell off of those, and the shovel doesn’t go into the ground until there’s a contract. That is very likely the status of the vast majority of those builds you are walking through. While there may be a few of those not sold, the “available homes” number probably means the number of lots available left to buy 4. There is a massive amount of pent up demand for houses here. Correction is happening as it is everywhere else, but that doesn’t mean the bottom is falling out or that there won’t be buyers ready to go when things line back up. Probably means a price decrease more than it does a rate decrease, but that’s economics. There’s plenty more to mention and a lot more to this market. Seems to me though you aren’t doing your homework when you roll into towns and make these “sky is falling” videos. You certainly didn’t this time.
There are many many homes built in the country. I live here, 10 DR Horton homes built and landscaped and empty. Several on roads coming into the beach areas. I have no idea how many are finishing last of retirement who have sold up north and paid already. Some before lumber went ballistic and contracts were paid already. Illegals building most of it in carpentry at least.
I live in South Carolina and if you gave me a house in Myrtle Beach I would take it but immediately turn around and sell it. I don't know too many people trying to move to Murder Beach. 🤔
There are so many new construction homes along the coast between north Myrtle beach and Wilmington and I’ve gotta say I don’t get it. There is nothing around here, no jobs, and not a lot to do so I don’t know why they are building thousands of homes. What people would choose to live here with that in mind? Most of the retirees live in custom built homes around here, they wouldn’t want the quality of a new construction home. For first time home buyers there are no jobs and the schools are not very good so I wouldn’t choose this area for new parents. I just don’t get it. The only reason why I live here is because I work from home and my mom lives here and I get free rent…
![[TH] FS vs BME - VCT Ascension Pacific - Lower Bracket Final](http://i.ytimg.com/vi/wnygqsR2Fig/mqdefault.jpg)
No way I'd ever live in one of those communities/sub divisions, that have house after house, right next to each other. Yuk, I need some privacy,
And some 🌳 trees. ..
Well when you want to live walking distance from the beach you can’t get a place on with close to an acre unless you have 8 figures to spare.
Anything and everything has to be better in SC than the market and weather, economy, and political culture in NH, MA and ME.
I live in MA and go to Myrtle beach a lot, MA is terrible.
@@Patriot-nz5lzI live in MB and I never really go anywhere else. Why would I? ✌️
I live in MA but just bought a second home in MB. I love it and will be moving down permanently.
@@christinef1404 welcome down!!🙋♂️🙋♂️
Tons??? Denotes weight measurements!
Junk homes stacked to close together and priced to high. Thinking part of the problem is people up north have a ton of cash from selling there current home.
I blame your Horry County leadership over the past 25 years. Those guys were begging for developers to invest back in the late 90’s/early 2000. Causing urban sprawl and taxes to grow.
@@HarrisonCountyStudio To boot, they do not make the lousy builders build infrastructure, development ontop of development, no roads bottle necking.
@@HarrisonCountyStudio Exactly. I live in Carolina Forest. Yes, our houses are closer, but they're not packed together. It's just any other suburb. You guys are complaining about beach suburbs. The demand has just gotten too high here. I live here and see this stuff. This guy really doesn't entirely know what hes talking about. These suburbs are made for people to rent and then move locations. We live in myrtle beach for Christ sake. It is gonna be expensive.
Sadly every single one has HOA's
So you’re telling me, as a retiree on a $1700 social security check, I can’t afford to move to one of these fantastic new developments! How dare you!
Everyone I know who has visited Myrtle Beach tells me it's a dump. Thoughts?
Certain sections. I’ve found the “worst” part is the southern end of the main Myrtle boardwalk. I live in Carolina Forest and this is definitely a nicer part. Would love to move to North Myrtle or Conway to something a little more affordable (I rent).
Great job Travis!
I have seen TH-cams of so many HOAs in the MB area flooded in the past few years. Is there any safe area?
Add the obscene HOA fees and you get to pay a high mortgage and high rent at the same time. No thanks.
Are double hung walls only for custom spec builds these days?
Do we have a housing shortage because the building focused on the 55 year old and older clients?
Those homes we saw aren't for the first time buyers
Buying a home is an investment with risk. If you don't want risk, that's fine, but be a rational adult and assess the situation for yourself. As bad as 2008 was, and is was awful, markets recovered as did home prices. Think like a long term investor.
I would be careful with that statement. Most folks think the house they live in an investment. A true investment is cash positive. Meaning it makes you money that you can put to work and make more money. The house you live in is always an expense even if it is payed off. You don't get gains until you sell the house. Now if you have a second house that is rented and someone is paying your mortgage and you are cash postive, that one is an investment. Timing is important. 2008 everyone go on the gravy train as house prices just kept going up. I had friends that bought houses and just sat on them for a year, had law service, and then sold them a year later for a 50k profit on each house. It was great while it lasted but they ended up losing everything ... including the house they lived in.
A house is an investment which is not liquid. The hair-on-fire rantings of catastrophic predictions are unhelpful and misleading. Putting all your resources into a home is not prudent, but if you have cash savings, an equity portfolio, and some bonds, a long term home purchase makes sense when you've done your due diligence on comps and mortgage rates.
North Myrtle Beach is a separate city than Myrtle Beach.
It would be foolish to buy a home here. You would never be able later sell it. Too much competition.
Cheaply built homes that will fall down before their paid for.
Same is happening in Sevierville TN
Thanks.
These two haven’t got a clue what they’re talking about. This is a joke to journalism.
Amazing video
Last thing I want is a post covid house
For thealgorithm.
We locals can't afford to live in our own area!!! Stop building... stop coming
Every time I see a 55+ community I kinda die inside. I'm 50, and every one of these communities would kick my Metallica-loving butt out in less than a minute. And they want HOA fees? Forget that noise. Rather mow the lawn into my 90's than ever put up with that crap.
@@LesHom Perhaps they should change it to 65+. I don't know anyone near my age without disability who would tolerate the intrusive nature of these communities.
@@LesHom and it's entirely possible living in this type of community is something I would perceive as a personal hell. I wouldn't want to be there, the neighbors would hate me, and being told the color of shutters I would be allowed is simply fascism. Enjoy that if you wish, not my wife nor I would ever do so.
Totally agree! Who wants to ask for permission to live.
I live for trick or treaters! Also, gotta park our toy hauler somewhere and need room to burn trash at night 😂
My husband and I still live in our 2700 sq ft home where we raised our children that haven't lived at home for 12 to 4 years. They're now 34 and 27 and have their own families.
We're in the Metro Atlanta burbs and the 2nd most desirable subdivision.
I'm getting multiple post cards or letters weekly from realtors asking if we're looking to sell as they have a waiting list for this small subdivision.
It's also a subdivision where houses are still selling for high prices, with MAYBE 1 or 2 homes coming on the market a year.
It's the 2nd most desirable neighborhood because it has a HOA.
Unlike many of the new homes being built, we don't have any amenities. We pay $200 a year for NOTHING BUT AN OVERZEALOUS NAZI HOA BOARD!
If you have a birthday party or another celebration at your house that's more than 2-3 hours YOU WILL BE FINED FOR YOUR GUESTS PARKING IN FRONT OF YOUR HOUSE!!!
THEY'RE NOT BLOCKING ANYONE'S DRIVEWAY AND WHO EVER IS HAVING THE PARTY GOES TO THEIR NEIGHBORS TO MAKE SURE IT'S OKAY FOR THEIR GUESTS TO PARK ON EITHER SIDE OF THEIR HOUSE... THE HOA SAYS THAT WE DON'T HAVE THE RIGHT TO DO THIS!
THEY MAKE THE RULES AND DEFINITELY DISH OUT THE HEFTY FINES!
YOUR TRASH CAN BEING OUTSIDE BY THE CURB FOR OVER 24 HOURS- $50 FINE DAILY... TRASH CAN CANNOT BE OUTSIDE OF YOUR HOUSE, EVEN IF IT'S NOT VISIBLE TO ANYONE! THAT FINE IS ALSO $25 A DAY.
YOU CANNOT HAVE MORE THAN 4 CARS ON YOUR DRIVEWAY, OURS IS LONG ENOUGH FOR PROBABLY 8, BUT WE'VE NEVER HAD MORE THAN 3 VEHICLES, EXCEPT FOR THE CHRISTIANING OF OUR GRANDDAUGHTER WHICH WAS ONLY 7 CARS, ON OUR DRIVEWAY WHICH INCLUDES MY HUSBAND'S PATROL CAR.
We bought 2 of the 3 lots on the cul-de-sac when we had our house built.
We didn't want another house built on the small 2nd lot to have a house practically on top of us!
The only other house is not close to us as that lot was large like the bigger lot our house is built on out of our 2 lots.
We have black shutters and front door. A pale yellow siding with different shades of light brown stone in one area.
I wrote the "required letter to the management company" to ask if I could change the shutters and front door color to hunter green.
NO WAS THE ANSWER, EVEN THOUGH SOME HOUSES WITH THE EXACT SIDING AND STONE HAVE THE HUNTER GREEN COLOR... I EVEN SENT IN THE COLOR CARD TO SHOW THAT THE COLOR WAS CLASSIC HUNTERS GREEN!
CRAPPY BUSHES IN FRONT OF ONE OF OUR LIVING ROOM WINDOWS. IT'S A STRUGGLE TO KEEP THEM ALIVE, OTHERS COMPLAIN ABOUT IT TOO, BECAUSE THEY WEREN'T MEANT TO BE IN OUR CLIMATE AREA!!!
I ASKED THEM NOT TO PLANT THEM WHEN THEY WERE BUILDING OUR HOUSE BECAUSE I WANTED TO PUT ROSES IN THAT AREA. I'M A ROSE FANATIC AND GROW ROSES THAT ARE THE ENVY OF THE NEIGHBORHOOD.
WELL... THEY WENT AHEAD AND PLANTED THOSE SORRY EXCUSES OF BUSHES! WE SAID WE'RE GOING TO DIG THEM UP AND PUT A ROSE BUSH BED IN THERE... WE WERE TOLD WE COULD NOT AND IF WE DID WE WOULD BE FINED $50.00 A DAY PLUS THE COST OF THE BUSHES AND LABOR TO REPLANT NEW ONES👿👿👿
WE'RE GETTING OUR HOUSE READY TO PUT ON THE MARKET TOWARDS THE END OF MARCH BECAUSE WE'RE SICK AND TIRED OF THE HOA BS!!!
WE'RE AWESOME HOMEOWNERS! OUR YARD IS METICULOUSLY KEPT CUT AND TRIMMED. WE PAY A WEED SERVICE FOR YEAR ROUND TREATMENT.
WE POWER WASH OUR HOUSE TWICE A YEAR.
WHEN WE'VE GONE ON VACATION, AND WON'T BE HOME TO BRING OUR TRASH CAN BACK INTO THE GARAGE BY FRIDAY AFTERNOON, OUR WONDERFUL NEIGHBORS PUTS IT IN THEIR GARAGE NEXT TO THEIR TRASH CAN. WE DO THE SAME FOR THEM.
WHO THE HELL CAN AFFORD TO HAVE TO PAY A FEW HUNDRED DOLLARS ON TOP OF THE MONEY FOR A VACATION... THAT WE ARE LUCKY TO TAKE EVERY 5-7 YEARS!
WE'RE DONE!!! THE NEIGHBORS IN THE CUL-DE-SAC BEHIND US AND OUR IMMEDIATE NEIGHBORS ARE BEGGING US TO PLEASE STAY!
THEY'RE AFRAID THAT A YOUNG COUPLE WITH YOUNG CHILDREN OR ARE GOING TO HAVE CHILDREN WILL BUY OUR HOUSE.
OUT OF ROUGHLY 50 HOUSES THERE AREN'T MANY PEOPLE WHO HAVE CHILDREN STILL AT HOME. WE HAVE GRANDKIDS THAT COME TO STAY HERE AND THERE BUT WE ALL HAVE SURE TO SUPERVISE THEM UNLIKE A LOT OF YOUNGER PARENTS WHO LET THEIR KIDS RUN WILD, EVEN IN THE DANGEROUS WORLD WE LIVE IN TODAY!
I INHERITED ABOUT 36 ACRES OF THE CATTLE RANCH I GREW UP ON IN 2015. IT'S IN OUR NATIVE STATE OF TEXAS.
THE PART I INHERITED HAS A SMALL 2/1 CEDAR CABIN ON IT.
IT'S MOSTLY USED BY OUR KIDS, NIECES AND NEPHEWS THAT LIVE WITHIN AN HOUR OF IT, IN EXCHANGE FOR KEEPING AN EYE ON IT, ALONG WITH LETTING US KNOW IF ANY REPAIRS ARE NEEDED.
THAT'S WHERE WE'RE HEADED WHEN THIS HOUSE SELLS!
WE'LL HAVE MORE THAN ENOUGH MONEY TO ADD AN ADDITIONAL BATHROOM AND BEDROOM/OFFICE ON TO IT.
WE'LL ALSO BE ABLE TO RAISE OUR OWN SOURCE OF FOOD INSTEAD OF EATING THE TOXIC MEAT AND PRODUCE YOU GET EVEN IN THE WHOLE FOODS OF THE WORLD... NO ONE IN THE SUBDIVISION IS ALLOWED TO HAVE A GARDEN LARGER THAN 5ftx5ft AND IT MUST BE IN YOUR, APPROVED PRIVACY FENCED BACKYARD.
ALL OF THIS FOR NOTHING EXCEPT PAYING A MANAGEMENT COMPANY TO ELECT YET ANOTHER NAZI TO BE PRESIDENT EVERY YEAR TO DRIVE THE NEIGHBORHOOD DAILY TO REPORT THE SMALLEST VIOLATION...
WHICH EVEN INCLUDES A NEIGHBOR ACROSS THE STREET THAT OVERLOADED THEIR TRASH CAN, THE LID HALF WAY OPEN TO ALLOW THEIR UNBAGGED TRASH TO BLOW INTO YOUR YARD!!!
MOST EVERYONE WANTS PEOPLE IN THEIR NEIGHBORHOOD TO TAKE CARE OF THEIR YARDS AND HOMES.
MANY OF US HELP OUT OUR NEIGHBORS FOR FREE WHATEVER THE REASON, BECAUSE THAT'S WHAT YOUR COMMUNITY IS SUPPOSED TO DO... OR THOSE OF US WHO WERE RAISED WHEN THE WORLD WASN'T SO MESSED UP WITH THIS "WOKE AND ENTITLED AGENDA!"
GOD HELP US ALL THAT IT DOESN'T GET ANY WORSE 🙏🙏🙏🙏🙏🙏🙏
Ive been in the building industry since 94, these homes have gone from 99,999 in the 90s to over 500,000 in 2024. Same cheap materials , the builders are mostly taking the lowest bids on every aspect of the build. They all have sold their warranties to outside warranty companies so that they dont even have to complete the final walkthroughs. Then you deal with HOA's that are absolutely terrible. There is no industry here so the only jobs are in the service area, and in the winter they are all scrambling to work. Every bit of the infestructure is outdated and in shambles, the builders are literally filling in wetlands and building houses before anything can settle, foundation and slab repairs have gotten so bad that a company has moved here strictly because of this. Our local governments should be ashamed of themselves for doing nothing except pad their pockets. When this all ends youll see these will all be low income government housing.
Very poor infrustruture, bottle necking roads or roads that just lead to a dead end, The Horry county officials were allowing development after development and not leaving an easment for roads, Like I said very poorly planned.
That's the truth. Not to mention if you need to see a doctor be prepared to wait three months for an appointment. It's crazy.
There's no reason we "can't" have accurate data. It is of course being stalled as long as possible.
Why dont they build rhe 2 car garages just 6feet wider?
If I can’t piss off my deck I ain’t happy!
Please don't be deceive, Myrtle Beach market has a lot of money. It used to be a break between non-tourist seasons Oct-Feb, but no longer. Lots of transplants from New York, New Jersey, Ohio, etc. I sold my townhouse in Market Commons in Myrtle Beach and got out just in time. Too many Northerns moving there.
New friend from NY has a place there. He's can't stand NY politics.
The whole coast of SC are transplants from the north. I moved from CT to SC down by Hilton Head and everyone here, is from the north pretty much. Gotta go inland a bit, to find true southerners.
I live in Myrtle Beach, so glad you came. Big thing down here is vacation homes and short term rentals crowding out the single family homes.
I mean, this isn't true. It is a vacation destination but 95% of the communities do not allow short-term rentals. Most rentals are limited to a very specific area.
completely fabricated
I’m retiring from NJ. My wife and I built a house in SC, 25 miles west of North Myrtle Beach just as Covid was starting. 4bd/2ba on a half acre! With upgrades it was just over $200k and mortgage rates were 3%! Thank the good lord that we decided to sign the contract! We love the house and go down for holidays and a few weeks in the summer for now! Every time we go down, we see a new subdivision going up somewhere! If we had waited, I would not be able to afford what they are selling these for today! 😎👍🏼💪🏼
Me too. Built a house in NC Crazy overtime during the pandemic.All in400k.Resales go in a week for 750 plus
This video is nothing but fear mongering and speculation. I mean, you're driving around, flying your drone and saying "oh man, look at all these homes, they will never sell" meanwhile half the homes you're looking at are sold. When you are flying the drone in the second community you're "guessing" that they are spec homes when in fact you're in a community where a majority of the homes are being built for someone specific. Also, in the beginning when you are talking about the city of Myrtle Beach population while in a completely different town - North Myrtle Beach. The actually "Grand Strand" population (Myrtle Beach and its surrounding suburbs) is well over 300,000...get the facts right. I'd imagine if you take to some of the on-site reps when touring the communities you'd realize that a lot of the homes "that will never sell" are actually already sold 🤷🏻♂
Spoken like a true realtor
So true!
All these new homes are ruining this county, it is already overpopulated here.
@@ivorgriffiths5150 sounds like you’re unhappy, maybe you should move somewhere less popular?
@@crowbaril903 who’s a realtor?
I live right near there in little river. Wait until we get hit with a big rain hurricane. Route 90 and 9 and others flood and are closed in some parts for weeks!
Yup!!
Is there any areas you can mention known for flooding ?
@@elperrocoverothe entire area is flat and once the asphalt gets paved there is no where for the rain to go. I watch as they cut corners and do not expand the drainage. Again Carolina forest, anything off of Route 90 and route 9 and definitely stay clear of the Waccamaw river. That is the issue. All rain from NC flows south through that!
Hurricane will blow that crap off the concrete pad. Flood areas in South Carolina are big concern. Buy in land 100 miles. Or risk your life in huge Hugo hit Hurricane. This place is as bad as Florida in Hurricane season.
@@Markanthonylawson this shit so hard looking to buy a house. Now another thing I have to look for good drainage. How do I know when a house or subdivision section has a good drainage ?
Bro the amount of new homes going up in between Myrtle Beach and Wilmington NC is absolutely insane, disappointing and disgusting in my opinion.
It's the last bastion of undeveloped corridor ALONG THE EASTERN SEABOARD, and the infrastructure is NOT adequate for what is going up! Multi-family structures having major problems: water breaks/contamination, causing relocation of residents, and that's just in ONE less than 1yr-old construction, not even complete. They are looking for illegals and section-8s... Construction crews are at larger sites, so smaller jobs are at a premium, *IF* YOU CAN GET THEM OUT.
@@sandragcorbett3157 I honestly think some of local zoning boards between Wilmington and Myrtle Beach need to be looked into for possible corruption. They are approving large developments in areas highly prone to flooding.
Everything over $215/sqft for SC is just insane.
Come to Mount Pleasant. We're seeing homes in the $350 to $400 /SQ ft and they sell as fast as they are listed right up to the $900's
I've been here in Myrtle Beach/north Myrtle Beach for almost 10 years, they are planning so many Spec houses, and they are so expensive that the "average" would-be homeowner cannot afford to buy here. These houses are not being built for us, they are being built for the pensioners who sell their houses and buy these.
So true, I've been here since 1991.
Not sure if this us true but i have heard repeatedly that homes built in the past three years no matter the price point are poorly built with cheaper materials.
@@nataliedigiovanni4863 I would absolutely say this is true across the board.
Errr... the reason why there are far more homes being built than what is listed as available is because many people in myrtle beach buy/build their new home as initially a second home then eventually move here. The influx of people here are typically from the NY/NJ area, not Florida.
It’s crazy to me that this guy just walks around and says “look at all these empty homes being built but aren’t for sale” without asking if they are already sold 😅
This guy hasn’t got a clue what he’s talking about. This is a joke to journalism.
I’ll never move into an HOA neighborhood ever again. Sadly, most new neighborhoods are HOA.
🎉🎉🎉 Thank you Travis for these Boots on the ground videos and especially with your awesome guest Melody.
I so Much Love these videos because the PROOF is right there in front of us. It’s one thing to go off of Data and it’s another thing to actually see what you’re showing us.
And so close to 90,K subscribers makes me happy for you. Wishing you a great weekend. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Why do all these new subdivisions look like the apocalypse just hit? Don't these contractors know how to preserve mature trees? Nobody wants to live like that. The homes are too close together and no thought is given to landscaping.
FLOOD ZONE - RUN AWAY FROM IT
Stop moving to SC!!! WE ARE FULL!! NO MOREEEEE!!!
Nope. Not going to spend a lifetime of slaving for a home that is going to depreciate because the market is collapsing. You need to wake up. The older generation is not downsizing, so the younger generation has to. Since I cant afford kids anyway, Im going the tiny home route. Cant see any reason to spend so much for a house too large for us anyway.
Great video. So to add to what you're saying here. I live in a Great Southern Homes community outside of Conway, SC right off 905. That being said they are building a ton out here. We closed on a new construction home 10/2023 and since then we've gained over $60K in equity. If you're on the edge of purchasing, just do it and thank yourself later.
We moved from Moncks Corner, SC another booming area. Over the 2 and 1/2 years there we gained over $150K in equity when we sold to move to Conway.
The problem is the local community people that work locally can't afford to live here. My wife and I work remotely and make way over the income level here and it's simply much cheaper from NJ where we moved from originally back in 2019.
Also, ftr for you mainlanders, we don’t give a heck about a yard really. I gotta big old yard. NEVER use it. 😂 maybe once or twice a year but it’s too hot or it’s raining or the fire ants are out or the mosquitos. You THINK you’ll use it, but you won’t. 😅
Travis, have builders simply given up on using concrete block? I can’t see dropping $500K - $1Mil on a “stick village”, especially in a hurricane zone.
I felt the same way moving to SC but wood construction is very common here and a lot less expensive for the builders
@@Abundant.Agentsand more palatable to termites.
Almost considered SC …not now, thanks I ain’t having it.nope
They have older house and cheaper I think
Dont come here we are FULL!!
Moved here from CT. It is one of the nicest places to live in the US. I live down in Beaufort, near Hilton Head. Taxes are cheap, people are so nice, it's sunny EVERY day.
So many people from NY moving here. Makes me sick
@@ChiaussieIf they still vote the same as they did to make New York a liberal "progressive" DEI/crime cesspool, then they're not welcomed. Same for them moving to CO, TX and FL.
-- BR
Moving to NC too
😂🎯
I lived in North Myrtle from 2005-2008. It was noticeable back then all the New Yorkers, so I’m sure now it’s crazy. I lived in a culdesac of 8 newly built homes. 2 houses were locals, I was from Virginia and 5 of the houses were relocated NYorkers.
All those Benedict Arnold’s should stay in New York, which is breathtakingly beautiful, and has four seasons as it should be.
Thanks but no thanks…I’ll stay on my private 10acre l
Payed for with 80x60 lined insulated shop . Yo I’m pricing my property at 1ml.
New homes for all the fleeling Floridians. And immigrants 😂
Lmao, get ready for Florida plates going through like wildfire 😂
You forgot the New Yorkers
not one yt realtor channel will discuss the "no banks doing home loans"..... all this videos are false flags cuz real estate is dead
Too much walking talking…suggest drive by in your vehicle and stopping at highlighted homes. Mount go pro to window
I know 20 ppl that moved, had an offer on the first day. I don’t know where they are getting their information but Myrtle Beach is growing faster than they can built homes. I live in MB, so I called BS on this. No they are not staying on the market longer than a month. They don’t mention that the owners hold off until they find the right buyer!! Lies…Lies… I know ppl moving in from NY, TN, FL, CT…. Ppl are buying condos and apartments when breaking ground…. Liesssss
You are 100% correct. However, maybe this will scare a few people away so we can get a breather from the influx from the northeast.
I service 15+ new comstruction under 1 year or currently being built as a electrician and Myrtle is like Beverly Hills compared to Wilmington. Im seeing the areas inside 31 still selling very well and values holding steady. If you look at homes that are passed the college on 501 or down 22 then u find def alot more affordable and slower sales. They also have alot of areas where they split the sub divosions into two sides rentals and for sale. Def a much nicer place to live if you dont want the big city of Charleaton or the toilet of wilmington.
Your numbers are way off. Greater Myrtle Beach area has around 400,000 people and has been increasing by 100,000 each decade. Plus there are 19 million tourists visiting the area each year, hence the short term rentals and I'm sure hundreds of hotels/timeshares you also saw while visiting. This area has been very hot for retirees from the northeast, I live in the area, and most everyone you meet is from New York, New Jersey, etc. Being that home insurance is still reasonable and available, property taxes are very low for seniors and full time residents, and you can still find a house that is under the national average I don't see a huge decline in the numbers of retirees continuing to move here. As an example, when I moved here 3 years ago I could call and get a doctors appointment often the next day. Now it is 6 weeks out. Also, I drive past Avery Woods that you visited pretty much every day. The first 30 or so homes were built probably year and half ago. A friend had pre-purchased and had to wait 8 months for their HVAC system and other items to be installed due to supply chain issues. All of those first phase homes are sold and lived in. They are now just starting a few more homes there, but I can guarantee Great Southern Homes which has built thousands of other homes in the area is not going to build the whole neighborhood until they get those they are building currently sold. They don't seem to be in a hurry or under any financial distress. No matter what happens in the market the math is always going to be in someones favor to move from the northeast to South Carolina. The same cannot be said for many areas in Florida.
Sold my 1,500 sq ft condo up north and bought 5 bedrooms/4 full baths (one bedroom and full bath are in detached in-law suite). My taxes up north were over $7k per year and we have about 4 decent months of weather a year. The rest of the time I'm tuning up the snowblower. I'm 10 mins from the beach, Market Common, and the house is brand new in a planned development started last April. Would have cost me close to a $1M where I moved from :-)
The taxi will be that here soon. The more that come and buy homes, the more they will develop. The more they develop, the higher the property value. The higher the property value, the more often the tax evaluation happens and the higher they go. It's a vicious cycle of corruption and greed. Unfortunately it's inevitable.
How do you know so much of this is spec? I've been through plenty of new neighborhoods and often these are under contract...some might be spec. I don't think as many of these are specs as what you are calling out.
Absolutely bonkers!
I live in Upstate, SC. BMW is building a new plant in Woodruff, SC. The area is seeing rapid growth. I think the homes are way overpriced for the mean income in the area.
What will BMW build there? Are fleeing f’ed up Germany?
It's almost everywhere, price basically doubled in 5 years, the american dream of owning a nice home for an affordable price is dead for now.
@@sylc6688 We are blessed to have our home paid off. It has more than doubled in price. I got the house new in 03 before we got married. 5BR, 2.5 baths with screened porch for 154k. I thought I was getting in over my head. We made it. Living below our means and saving paid off.
I live right near the new plant and it is absurd the number and size of these subdivisions going up. They will be ghost towns within a year or two. There is no way this economy is not going to implode.
@@loribayne5109 Agree 100%. Who's lining up at these prices with 7.5 plus rates. I drove from Simpsonville to Pauline today. The developers are stalling. GFC 2.0 is here. The next few years will be tough on the people.
I’m a native S Carolinian from Columbia; moved away for school at 22, now living in Beijing for 17 years. I’m thinking of moving to the SC coastal area for retirement within 2-3 years. I prefer a place w/a good HOA as community will be better maintained. If there’s a major downturn in the market, I may accelerate my timetable.
They seem to still be way overpriced considering the beach is ten pr more miles away.
55 plus is not a good comparison. Its only been in this market that they have been placed in the same price point as non 55 homes. Historically they have been priced lower, rented lower and sold slower. Looks like an awful neighborhood. Im in Beaufort county SC and prices are still going up, still selling at ridiculous prices. $500 a sq ft in the hood.... Want to see million dollar homes under 2,000 sq ft come on down here. So its definitely a locality thing.
That’s a massive place my mother used to live near there she purchased in February of 2008 then everything came to a stop
Reminds me of Florida at the Gulf (30A), at Lakewood Ranch and all around Sarasota. They just keep building, building, building, slapping stuff together. Too expensive, huge HOA fees, just overpriced track homes. Seems like most homes were purchased for rental income. Crowded roadways … I’m not feeling the need to move as I know what I have where I am even if winters are cold.
I would rather live in a small camper at a park and walk to the beach. For example Avery Woods is 10 miles away from the beach as a crow flies straight line(likely 40 min drive to the beach, good luck finding parking or open beach).. so much for the beach life, more like a suburban life in a hot sweltering hell drained swamp all summer which is what most of that land actually was.
💯
I have a lovely 50.yr old single wide on 2 acres but thanks for showing me where I would never live. Angry locals too no thanks.
Where ?
I have a feeling the locals are angry because of all the northern people moving in and wrecking it. We are experiencing that in southwest Florida.
I’ve owned a vacation now retirement home in North Myrtle Beach since 2010. The average condo/townhouse in my community is on the market for under 15 days. My condo has tripled in price. The market is great.
For you, it certainly is great, getting in 14 years ago before the world went bonkers. Good for you! For others, it is becoming overpriced and quite saturated. For today's buyer, they may not see that kind of appreciation. Don't worry,! You won't notice the correction having had your property triple in value.
@@JJ-hv9vr Boight my first house in 98’ and it quadrupled when I sold before the pandemic. Real Estate bought in the right area is almost always a good investment, you have to play the long game. The condo I bought in 2010 that has tripled did not go up 1 cent until 2019. Yes timing is important but the long game almost always works. Prices are starting to soften up in certain markets and soon it will be a good time to invest. In terms of buying my first home, I was making $50K and the home cost $250K, I was eating rice and beans for a few years, but that is how it always is when you’re working your way up. Today people make $100K and homes cost $400K - $500K. If you invest wisely you will make money.
They simply built homes that are too expensive. Over 500k for a retirement home? Congrats if you can afford it but not this boy. I don’t think that number will work for the vast amount of retirees in the pipeline.
If these Dell Webb homes are 24 on center like many homes in Blufton SC. Your not buying a CBS construction in Florida. Big hurricane and insurance is going to go up.
Still don’t understand how you can prove all these houses are not under contract and ARE AVAILABLE. Is it bc No sold sign???I once asked Melody that and didn’t get a clear answer.
The house behind him has sold on it.
Most of the homes are sold…not every builder puts sold signs out
If MAGA says the economy is so bad how can buyers afford these homes?
most are coming from NE states where the cost of living is way more. In taxes alone they are realizing how much cheaper it is to live here.
When is the Raleigh NC coming?
Already dropped. Under my metro report Playlist
I have always loved your videos and because of you I am subscribing to Malanie’s channel. Love her too.
I really want to thank you for all your hard work here. THANK YOU. I'm a recovering, Retired RE Broker living in Murrells Inlet. Have been here since 2006, from ... San Diego. I know! Anyway, thanks for the update on County. Since I'm out of the loop, on a need to know basis, I appreciate the tour. I better understand what's going on now. Smelling like 2007 all over again. Safe trip to your next location. Keep up the good work.
Welcome to South Carolina y'all...the best State in the Union....or shall I say the first State to break from the Union originally...welcome to the Dirty South!🤑🇺🇲
What do you mean ?
@@elperrocovero Mean about what?
Texas secede!
Who is funding these builds?
How could you live there unless you were retired or on some kind of government housing program?
Waterbridge is a custom home subdivision that sold their phase 3 plot to Chesapeake which is a tract home builder. Really screwed home valuations in that neighborhood.
House materials are laughable
The other dynamic of excessive housing growth in MB and NMB is that the home insurance will surely be excessively high. Home insurance costs jumped in MB a few years back when the surge of growth affected homeowner's premium - quadrupled without any warning. The reason: the limited number of emergency response stations were now grossly inadequate for the number of homes in their charge. The number of fire trucks, the gallons of water each truck could carry, the number of emergency responders/staffing, and the distance of and number of fire stations to developments were not increasing at the proper ratio to developments. Add to that, when home insurance goes up, HOA fees certainly increase as well. MB and Charleston SC are absolute flood zones and hurricane zones. When evacuation routes are used, everyone must come inland, abandoning their coastal homes for weeks. Who wants to be 80 yrs old and suffer thru being displaced for floods/hurricanes? Good luck with that.
Do not buy a place near a pickleball court!
bonkers! love Melody
Hopefully, you can come to SC capital "Columbia, SC" soon..... would love your POV.
Myrtle Beach is a unique market to say the least.
If you think MB is nuts, try Mount Pleasant
Yes, all of the retirees who wanted to move out of states like New York and others up north have already done so. A few things people have to get used to in Myrtle Beach, South Carolina is the humidity, mosquitos and traffic during the peak season. Also, the fact that saltwater air will eat away homes, cars and anything else around your house. Other than that, if you can find a place to park your car as you drive to the beach, you will have an enjoyable experience.
Thank you Travis and Melody. This in absolutely bonkers. This is 2008 on steroids. This crash will be much bigger than the 2009 meltdown.
Make the South
Southern again
Glad I've been living in Conway since early 1995 the housing market is a giant boom and prices are Sky High. Rental properties are even worse to find
I would be curious to know who is moving to SC and if they are aware of the hurricanes and tropical storms that hit there every year. I would be curious to also know about flooding, home owners insurance.
The Living Dunes area looked nice, they look like 4-5bedroom homes. I don't understand the unattached garages though. That reminds me of some homes in the Houston area where the garages are not attached but they are in the back of the homes.
Northerns
SC resident here and I sure hope anyone who buys any of these properties are fully aware these are flood zones and the insurance rates have increased throughout the entire state. Buyers beware!
I live here and every place isn’t a flood zone. Yeah hurricanes hit here but not as often as Florida or the gulf coast states. I’d say until you’ve lived here don’t take someone else’s opinion. They picked and choose certain sub divisions.
Hey Travis. It is nice to see you in SC. Please consider hitting the Nexton area in Summerville, SC, near Charleston. I would like to you do a piece on my neighborhood. Take care Travis.
Be real .. when prices are, for example $299,999 … the price be realistically given as $300,000 … which it is … playing number silliness doesn’t bode well with people … Pretend you’re speaking to sellers now. These prices based on fiat paper money are already in crash mode … trouble is already there! 😢
I can see builders selling lots soon
Please no more ppl move here... we are at full capacity. There are literally no locals left due to being priced out from all you retirees moving down here. Dont worry tho theres hardly any work force left so everything from service to pd/fd are absolutely slammed and under staffed 👍
I think overbuilding is a good way to look at it. Very large apartment complexes going up also single families communities being build by large rental companies a lot of renters here who can’t afford a house and the land is getting picked up fast. Wait 20 years for the boomers start clocking out. Never mind jobs, hospitals, schools, pay is lower, fixed incomes. So much to bring into the mix. Well a lot of places goes through the ups and downs. Myrtle over due for some down time.
I live here and have been in the RE game 10 years, so let’s inject some truth into this whole thing. There are certainly some affordability issues with all markets on a macro level, and things here have slowed down from the ridiculous pace they were at. Redfin and Zillow are garbage data sources, and your facts here are misleading and/or false.
1. There isn’t a 7 month supply locally, there never has been. There is a 3.5 month supply, and that’s now and also four months ago when the video was made. That’s a normal market. It was 3-4 week supply for a while, which is not normal at all.
2. Horry County has 411k residents and has grown at a 3-4% rate per year for several years now. North Myrtle incorporated might have 29k, but all the towns down the coast here run together, and most of the population lives within 15-20 miles of Myrtle Beach, from Little River down into Georgetown County/Pawleys and west into Conway. As for tourism, the number of guests per year on the Strand is about 17-18 million, so those vacation rentals are getting their use.
3. Most builders here don’t spec. They build the models and market/sell off of those, and the shovel doesn’t go into the ground until there’s a contract. That is very likely the status of the vast majority of those builds you are walking through. While there may be a few of those not sold, the “available homes” number probably means the number of lots available left to buy
4. There is a massive amount of pent up demand for houses here. Correction is happening as it is everywhere else, but that doesn’t mean the bottom is falling out or that there won’t be buyers ready to go when things line back up. Probably means a price decrease more than it does a rate decrease, but that’s economics.
There’s plenty more to mention and a lot more to this market. Seems to me though you aren’t doing your homework when you roll into towns and make these “sky is falling” videos. You certainly didn’t this time.
There are many many homes built in the country. I live here, 10 DR Horton homes built and landscaped and empty. Several on roads coming into the beach areas. I have no idea how many are finishing last of retirement who have sold up north and paid already. Some before lumber went ballistic and contracts were paid already. Illegals building most of it in carpentry at least.
I live here in north Myrtle south of us I high crime area longs , longs Myrtle beach be careful what you buy a lot of flood areas too
Hey Travis you’re not far away, check out the Greenville/ Spartanburg area
I live in South Carolina and if you gave me a house in Myrtle Beach I would take it but immediately turn around and sell it. I don't know too many people trying to move to Murder Beach. 🤔
Summerville S.C permits pulled is historical high and so is shadow inventory 😢
There are so many new construction homes along the coast between north Myrtle beach and Wilmington and I’ve gotta say I don’t get it. There is nothing around here, no jobs, and not a lot to do so I don’t know why they are building thousands of homes. What people would choose to live here with that in mind? Most of the retirees live in custom built homes around here, they wouldn’t want the quality of a new construction home. For first time home buyers there are no jobs and the schools are not very good so I wouldn’t choose this area for new parents. I just don’t get it. The only reason why I live here is because I work from home and my mom lives here and I get free rent…