Let me put this in some sort of context as a florida native that is living the hell here in this state: During covid, I left my hometown of Miami Dade due to the inflated cost that occurred (and still going today) to just live in to what has now become a cancer to the florida housing market as a whole (property owners raising rent cost past 40% just that year alone). It left me and my wife to move out and head to polk county (lakeland specifically) due to, at the time, the cost of living was a helluva allot better than down south. Over the last 4 years though while renting, my rent steadily increased again, but was manageable. We where at a point, before hurricane ian, looking to get ourselves our first home but after both the hurricane and the insurance crisis the state is dealing with right now, along with the interest rates being sky high, it stop me and my wife in making that decision to buy. So here we both are, now with our 1st child, contemplating our next move since now the governor came out a few days or weeks ago stating "that citizens insurance, the last line of insurance in the state, that was meant to help those that lost coverage with the insurance they had that bailed out the state after ian, IS NOT SOLVENT" As either a renter, or as a property owner, hearing that will leave you shaking in your boots to be honest, because once a major hurricane wreaks havoc one more time in the state, an insurance collapse is guaranteed to occure and thousands or millions will be left on the hook. Since I'm renting still, I'm resorting to leave the state, my home, due to this fiasco. Rents gonna increase again and buying a home is now off the table for me. I'm actually pretty angry and depressed at the same time due to this, and negligence of the governor for allowing this to continue this way. Oh, one more thing, the salary of most floridians do not match or exceed the expense for cost of living. Here is an example, me and my wife, work the night shift but split the week right in the middle and work for amazon air just so we can make ends meet with our combined salary. You know what's crazy, for us living in Florida, amazon is paying us a certain amount. However, when you find out that at other amazon air facilities, like one in Kentucky or Texas are making way more ($23 or more an hour).... you just see how screwed we are here in Florida. These corporate giants are shitting on us here and they know it.
I agree with you but I don't think the governor has anything to do with it, it was the out-of-state money, like people from the north with lots of money moving in in droves when covid hit add to that investors buying up whatever is available. Although both factors have slowed down still Florida is the number one destination for people moving, Prices will come down as supplies go up hopefully. The same goes for Sky High rents corporate greed with people who can afford it coming down from up North is a very bad combination for the people of Florida.
You said everything I was going to say. When you price the buyers out and then people can't get proper insurance, why would anyone be looking to buy right now. Especially in a coastal area.
@randomthings9555 I agree as well but what has been overlooked is that allot of us either haven't noticed or have forgotten is that governor's prior (like Lawton Chiles, Jeb Bush, ect) after Hurricane Andrew and after 1992 they had a round table meeting before the start of every hurricane season with the majority of the insurance companies to make a sort of forcast and prepare ahead of time the necessary allocation of emergency funds that will work and how citizens insurance would meld into the mix in case it was needed if another disaster occured. There was a sort of a check and balance system in place to prevent any of these insurance companies from either flopping or turning tail if they had a massive hit. That's what citizens was originally for, to fill the gap, not carry the majority of the state. Once our current governor stepped in, that stopped and Ian placed us where we are at now. Nothing was done and he expects Citizens to hold the state, he's nuts.
Realtors, lenders, Medea people, governance, et al that seldom (if ever?) suggest "renting and saving" until the market bottoms and rebounds... let alone lease optioning, vs. buying, at the +/- the top of a command- controlled, grossly 'overpriced' and likely soon to seriously DROP off a fiscal cliff, market!? (The bankster/ Wall Street/ DC/ FED, etc. NAR are "one trick ponies." (All cash, or new mortgage.) I can "get the deed" on some of these almost NEW abodes (subject to the existing loan/s) with next to nothing down, at 3- 5% interest. (Or lease option one, with 2- 5% down) so why the HELL are people STILL so ignorant, in 2024?! (Afterall, that's what the bankers, are banking on!)
It's definitely alarming to hear about a default cycle, especially in the context of the housing market. Defaults can lead to foreclosures, and that has a cascading effect on the overall real estate landscape.
While it's concerning, it's important to look at the broader economic context. A default cycle doesn't necessarily mean the housing market is completely finished; it might signal challenges, but markets are dynamic, and they can recover.
Yes, that's a possibility. An increase in foreclosures can lead to an oversupply of homes in the market, putting downward pressure on prices. It's the basic principle of supply and demand.
Now might be an ideal moment to reevaluate your financial status. If you're worried about your home's value, consulting a real estate professional or financial advisor could be beneficial.
Cut the profits of the developer, builder , seller, and real-estate agent someone might could afford to buy. To many people getting rich from over priced houses.
I'm 61 years old and just sold mine. I'm thankful that I'm no longer OWNED BY a home. Home ownership just gives multiple entities a license to steal without limit, unlike the old days. It had become a financial treadmill where I could not control the speed of the ramp and I refused to accept that. I feel so relieved right now. Do not force it or fret over it if the numbers do not work. Stay light on your feet.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
''Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
I don't think it's stubborn buyers in Florida...It's affordability..The average wage in Florida is requiring 50 percent of income to afford......Just wait...Prices will fall elshere just like here in Southwest Florida..and 30 to 40 % corection is realistic...Dont think it won't happen...you will be surprised..
It's 100% artificial, and staged... as it's been, for DECADES! And then we have the FED, banks, Wall Street, the BAR, insurance, and mis- governance... that created the "perfect storm." (Never mind what created the physical "storms," because that's "classified!") Buyers, sellers and agents, etc. are merely along, for the ride, as par. (Until they STOP "playin,' the PTB's game(s)." This "theft, by deception- wealth transference" manufactured 'correction...' will dwarf 2006- '14, by de$ign.
ALL of the relevant documentaries and books should be"required reading..." because if people better UNDERSTOOD: the Holy See, $witzerland, City of London, BAR, UN, DC, the U$ reinc.'s Tax $ystem, Wall Street, FED, Big Banks, Insurance, Global 10,000 corporations, NAR, et al... we wouldn't BE playing the "wealth extraction" game(s)!!! The solution is to NOT PLAY by the PTB's ever- changing "legalesed" rules = regs and 'rigged' market(s) valuations. Either stay entirely OUT OF their quick buck siphoning, sandbox(es)? Or learn WHEN... and WHY to 'exit,' the market(s)?! Predation, Taxation and Speculation... are the other MAIN ISSUES. REIs are also today FOCUSED ON (re)selling to the problem, by enlarge. (Not selling to private note buyers, vs. Wall Street 'hedge' fronts for sovereign wealth funds, and irrevocable mega Trusts, and solving buyer and seller issues, vs. using the NAR/ MLS, etc., is the ONLY way to go, henceforth.) WORK AROUND the PROBLEM, people!
Have a strong inclination to believe it’s dirty money buying in FL, see some cash purchases that just make no sense whatsoever, and that’s what’s pushing up median price with higher end homes. People are also still Nvidia and stock market rich, if s&p falls 20% look for a firesale even further on RE
These houses are Not worth what these sellers are asking for. Our house is 'valued' for a good chunk of cash if we sell. Cool. First off - I would feel awful for selling it, cause it is Not worth that amount. I don't care what the "market" tells me. IT"S NOT WORTH IT! But let's say we sell it, great, but then What are We going to afford?! We're staying put. Our house is 1 room smaller than we'd like it to be, but at least its a roof over our head. We're humble and thankful. Also - it's crazy that these house prices are where they are, and they won't hold up a Tap in a hard hit hurricane lol. Give me a break.
Great video ❤There’s only one way to go…..and that’s down. Prices need to be reduced to entice people to buy. No way are the homes worth what they’re “listed” for.
Artificial "scarcity," to "rigged valuations" = FREE FALL, at some point soon... FOR SURE! (It will exceed 50% in many, if not most areas... almost WORLDWIDE!!) AND it will indeed then effect almost everything, and everyone... but particularly the .01%ers, on upward. (i.e. When it will be "them," in particular, who ARE then "held accountable..." despite their 'grandiose' masters of the universe 'delusional' NWO PLAN.)
Builders are still building! Can’t sell cheaper than what it costs to build! Interest rates are high but will be getting lower and when they start to go down sales will increase.
Builder were still building right before the crash in 08. Houses were left half built for years. Some lots just had a concrete slab with pipes sticking out of it, left like that for years. We bought in 08. Literally looked at houses with the plastic still on the appliances, no one had ever lived there brand new houses in foreclosure.
@@mainegreengrower4209 Only 40k left on your mortgage, you’re almost there! Plus you have the perfect location to use your property to make money. I’m at the other end of life. Recently retired and love our place in Phoenix. But, my wife and I are just starting to look around. One never knows. Congrats. You’ve got a great plan and it doesn’t sound like you are afraid of hard work. Just remember to make some time for your family! All the best…
Resell to the PTB at 20- 40 cents on the IH$ 'fiat' digitized. That IS "the PLAN." (Along with 'herding' ALL the "tax n debt enslaved" SSN'd chattle who will "go quietly," into the border patrolled perimeter "15er" cityscapes, under Martial Lawlessness!")
Hi, your videos are great. One thing I learned about business and problem solving was to put myself into the user / customer's shoes and get their point of view, and relate to it. In one of your other videos you mentioned buying your first house, and having roommates. I'm 52, and this was the way for my generation too. I couch surfed in Boston 6 months right out of college until I could afford to split rent with two other guys in the combat zone. Now I employ over 100 great folks, many immigrants, and have a passive income. Today's kids would say we have it so easy, but I mean, the first house I bought in 2002 was 400K, and it was built in 1970 for @24k including land. It's the value of the dollar that is changing, FED policy does not care about home buyers lol. Best of luck to all, save your money, live on Ramen, do whatever it takes.
The seventies and eighties were pretty crazy. A bit older than Mr. Peacher. I live through those decades and ya it was rough for many of us. To make a deal you have to have a willing seller and an able and willing buyer. We are reaching the stretching point of an able buyer.
Rates.....that's why. Simple. Once rates go down demand goes up, prices will too. Low prices, low interest isn't a real thing. They teeter and balance.
Almost ALL middle class +/- "jobs," in general. (That's their PLAN... anyway.) Serfs... and .001%er on up, Overloads! And the sooner people AWAKEN to this FACT... the faster they will, FALL.
I get a much better deal renting a house in Central Florida than I would if I bought now. So there's no incentive to buy unless buyers decide to drastically reduce their prices.
The median sales price going up totally makes sense as the lower end buyers drop out of the market. Those lower end purchases no longer pull the median down. What people always get wrong is thinking that median sales price is the same thing as home valuations, and you couldn't be more wrong if you thought that. Home valuations can be going down while median sales price is going up and vice versa.
I definitely understand that point. The issue is there aren’t many lower end homes to buy that are insurable in Florida. Lower end buyers aren’t dropping out as much as lower end homes have shot to the moon in price and aren’t coming down.
@@MovingToTheGulfCoast Florida is the national all cash purchase capital for real estate. In some Florida metros, greater than 40% of home sales are all cash. The national average is around 35%. A home being uninsurable is less of a concern for an all cash buyer. As for home valuations, I estimate a composite of Florida's various metro's indicate we are around 8-10% down from the highs back in mid-2022. It's not every market. Miami and Jacksonville are more flattish, but other markets are down more than 8-10%. I am talking home valuations, not median sales price. Its not a question of when/if home valuations will go down. That already starting happening two years ago, and the top seems highly likely to behind us for this cycle.
As a buyer looking to buy first rental property (with 100k down) we are giving extremely reasonable offers based on 4-8% ROI on our down payment. 400k price range for home. The issue is the sellers are EXTREMELY stubborn. They are coming back 30k above our offer. I laugh and stop responding. Then watch as the homes eclipse 150 days on market.
Realtors if they are advertising homeowners to price their house way out of price their house is going to sit for a long time look at the area the house is in and houses will sit
Facts. I was a walking mail man in Orlando for 6 years and those long dreadful summers gave me ptsd 😂 I moved to NC last year and while summers are hot we get relief September-May
Another reason Buyers are going to freeze is if now they have to pay buyer agent commission starting mid-August. Tack something else on to the final closing cost. Nail on the Buyer's coffin.
The economy is a mess. Everything is expensive. Insurance rates in Florida are high. And now the state will require you to buy flood insurance even if you're not in a flood zone. And it's going to be expensive. Just got 2 quotes. 4K and 8k. And that's with 7k that I already pay. Time to go
I just need about a six months heads up on the big crash. I can sell my house for way more than I paid for it and then live in an RV for about a year to let things get where they need to be and then buy. LOL! I am ready to downsize house (not land) but not paying the stupid high price that's out there now just to watch it take a hit.
That’s exactly it - as a potential buyer, I just keep looking to keep my finger on the pulse, but will not be ready to pull the trigger until rates get to….just slightly above their 2019 price level. If it never does, oh well… I will stay where I am.
Can we just normalize calling a spade a spade? Buyers were NOT lining around the corner to buy homes... PEOPLE FROM OUT OF STATE TRYING TO ESCAPE LOCKDOWNS were lined around the corner to buy homes. People who already live in florida already have homes in Florida and people who dont have homes in florida because they rent could not afford to buy them anyways so these "buyers" were transplants who were receiving ridiculous $$$$ to sell a dilapidated home in Hoboken NJ for example and bringing that $$$$$$$$$ here buying $150,000 homes for $987,000 because they were loaded with cash.
Rents went down, vacancies are way up, renting is now cheaper than buying bc of RE Taxes and Insurance. 2 years and this will crash. Safe zones and downtown are unaffordable and mainly owned by wealthy and out of town people. It will be a huge correction. Sit back, rent, and wait.
We are only at the beginning of the downturn. Remember the crash of 2008, market did not bottom out until 2012. Give it a year and all those sellers will have no choice but to cut down listing price.
I see so many homes taken off the market, then relisted. Do these figures look at the same homes listed multiple times as a new listing each time? Instead of looking like it hasn't sold in a while or refusing to drop the price any more, it's dropped then relisted. it would increase listings, while not showing sales on the same houses.
Who’s in office won’t matter ,…govt monetize debt with inflation won’t change bc of the next POTUS. He may slow it down but inflation will accelerate and go parabolic …
I'm not entirely sure that a change to full government control by the party that wants less regulation will be helpful against a problem that seems to only have proposed solutions of "regulate things to be more reasonable." Not that i think the democrats would ever actually get anything productive either, but a less restrictive market environment can't be the answer.
@@ralphpal sure, but what part of the republican ethos of "no regulations ever" and the democrats big talk and no action makes you think that any of them are actually going to pass laws that regulate the housing market to any meaningful amount?
Good don’t visit or move here. Fl has enough trash from up north. Thank you for volunteering to stay out of fl. Tell your friends to spread the message.
We need a reset for sure
Let me put this in some sort of context as a florida native that is living the hell here in this state:
During covid, I left my hometown of Miami Dade due to the inflated cost that occurred (and still going today) to just live in to what has now become a cancer to the florida housing market as a whole (property owners raising rent cost past 40% just that year alone). It left me and my wife to move out and head to polk county (lakeland specifically) due to, at the time, the cost of living was a helluva allot better than down south. Over the last 4 years though while renting, my rent steadily increased again, but was manageable. We where at a point, before hurricane ian, looking to get ourselves our first home but after both the hurricane and the insurance crisis the state is dealing with right now, along with the interest rates being sky high, it stop me and my wife in making that decision to buy.
So here we both are, now with our 1st child, contemplating our next move since now the governor came out a few days or weeks ago stating "that citizens insurance, the last line of insurance in the state, that was meant to help those that lost coverage with the insurance they had that bailed out the state after ian, IS NOT SOLVENT"
As either a renter, or as a property owner, hearing that will leave you shaking in your boots to be honest, because once a major hurricane wreaks havoc one more time in the state, an insurance collapse is guaranteed to occure and thousands or millions will be left on the hook.
Since I'm renting still, I'm resorting to leave the state, my home, due to this fiasco. Rents gonna increase again and buying a home is now off the table for me. I'm actually pretty angry and depressed at the same time due to this, and negligence of the governor for allowing this to continue this way.
Oh, one more thing, the salary of most floridians do not match or exceed the expense for cost of living. Here is an example, me and my wife, work the night shift but split the week right in the middle and work for amazon air just so we can make ends meet with our combined salary. You know what's crazy, for us living in Florida, amazon is paying us a certain amount. However, when you find out that at other amazon air facilities, like one in Kentucky or Texas are making way more ($23 or more an hour).... you just see how screwed we are here in Florida. These corporate giants are shitting on us here and they know it.
I agree with you but I don't think the governor has anything to do with it, it was the out-of-state money, like people from the north with lots of money moving in in droves when covid hit add to that investors buying up whatever is available.
Although both factors have slowed down still Florida is the number one destination for people moving,
Prices will come down as supplies go up hopefully.
The same goes for Sky High rents corporate greed with people who can afford it coming down from up North is a very bad combination for the people of Florida.
You said everything I was going to say. When you price the buyers out and then people can't get proper insurance, why would anyone be looking to buy right now. Especially in a coastal area.
Even $23 an hour in Florida I’d probably be homeless lol I made $35 hour in Georgia did pretty good.
Florida native here also....you are 100% spot on.
@randomthings9555 I agree as well but what has been overlooked is that allot of us either haven't noticed or have forgotten is that governor's prior (like Lawton Chiles, Jeb Bush, ect) after Hurricane Andrew and after 1992 they had a round table meeting before the start of every hurricane season with the majority of the insurance companies to make a sort of forcast and prepare ahead of time the necessary allocation of emergency funds that will work and how citizens insurance would meld into the mix in case it was needed if another disaster occured. There was a sort of a check and balance system in place to prevent any of these insurance companies from either flopping or turning tail if they had a massive hit. That's what citizens was originally for, to fill the gap, not carry the majority of the state. Once our current governor stepped in, that stopped and Ian placed us where we are at now. Nothing was done and he expects Citizens to hold the state, he's nuts.
Seems walking and talking doomsday realtors are all the rage in FL
😂 right …because properties aren’t moving even with price cuts so they’re looking for the sinkhole to find out how deep it’s gonna be
Realtors, lenders, Medea people, governance, et al that seldom (if ever?) suggest "renting and saving" until the market bottoms and rebounds... let alone lease optioning, vs. buying, at the +/- the top of a command- controlled, grossly 'overpriced' and likely soon to seriously DROP off a fiscal cliff, market!? (The bankster/ Wall Street/ DC/ FED, etc. NAR are "one trick ponies." (All cash, or new mortgage.) I can "get the deed" on some of these almost NEW abodes (subject to the existing loan/s) with next to nothing down, at 3- 5% interest. (Or lease option one, with 2- 5% down) so why the HELL are people STILL so ignorant, in 2024?! (Afterall, that's what the bankers, are banking on!)
It's definitely alarming to hear about a default cycle, especially in the context of the housing market. Defaults can lead to foreclosures, and that has a cascading effect on the overall real estate landscape.
While it's concerning, it's important to look at the broader economic context. A default cycle doesn't necessarily mean the housing market is completely finished; it might signal challenges, but markets are dynamic, and they can recover.
But if more people are defaulting on their mortgages, doesn't that mean home values could plummet?
Yes, that's a possibility. An increase in foreclosures can lead to an oversupply of homes in the market, putting downward pressure on prices. It's the basic principle of supply and demand.
How can people address concerns about their property values?❤❤❤
Now might be an ideal moment to reevaluate your financial status. If you're worried about your home's value, consulting a real estate professional or financial advisor could be beneficial.
Cut the profits of the developer, builder , seller, and real-estate agent someone might could afford to buy. To many people getting rich from over priced houses.
Stop.blackrock.from.buying...blackrock.brought a whole.neighborhood
I.mean a whole.neighborhood
I’m 38 years old and don’t feel like I’ll ever own a home.
Stop that feeling
I'm 61 years old and just sold mine. I'm thankful that I'm no longer OWNED BY a home. Home ownership just gives multiple entities a license to steal without limit, unlike the old days. It had become a financial treadmill where I could not control the speed of the ramp and I refused to accept that. I feel so relieved right now. Do not force it or fret over it if the numbers do not work. Stay light on your feet.
Owning isn't all it's cracked up to be. If you rent a house, you don't have to deal with replacing the roof, the AC unit, updating the kitchen etc.
@@Will_0001 I think you left out the word "isn't."
@@MrDCMiami Yeah, edited it.
Get the Corp and investors out of the housing markets -
Car salesmand and RE agants are one in the same. They are now having to get real jobs.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you?
''Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
I don't think it's stubborn buyers in Florida...It's affordability..The average wage in Florida is requiring 50 percent of income to afford......Just wait...Prices will fall elshere just like here in Southwest Florida..and 30 to 40 % corection is realistic...Dont think it won't happen...you will be surprised..
Yes. I wasn’t being literal. I talk about in every video how houses aren’t affordable
With the FL 🏝️demand being what it is .. everyone wanting to move on the semi-island will not let 40% come in top areas
It's 100% artificial, and staged... as it's been, for DECADES! And then we have the FED, banks, Wall Street, the BAR, insurance, and mis- governance... that created the "perfect storm." (Never mind what created the physical "storms," because that's "classified!") Buyers, sellers and agents, etc. are merely along, for the ride, as par. (Until they STOP "playin,' the PTB's game(s)." This "theft, by deception- wealth transference" manufactured 'correction...' will dwarf 2006- '14, by de$ign.
ALL of the relevant documentaries and books should be"required reading..." because if people better UNDERSTOOD: the Holy See, $witzerland, City of London, BAR, UN, DC, the U$ reinc.'s Tax $ystem, Wall Street, FED, Big Banks, Insurance, Global 10,000 corporations, NAR, et al... we wouldn't BE playing the "wealth extraction" game(s)!!! The solution is to NOT PLAY by the PTB's ever- changing "legalesed" rules = regs and 'rigged' market(s) valuations. Either stay entirely OUT OF their quick buck siphoning, sandbox(es)? Or learn WHEN... and WHY to 'exit,' the market(s)?! Predation, Taxation and Speculation... are the other MAIN ISSUES. REIs are also today FOCUSED ON (re)selling to the problem, by enlarge. (Not selling to private note buyers, vs. Wall Street 'hedge' fronts for sovereign wealth funds, and irrevocable mega Trusts, and solving buyer and seller issues, vs. using the NAR/ MLS, etc., is the ONLY way to go, henceforth.) WORK AROUND the PROBLEM, people!
Bottom homes are 150% over-priced. People quit paying the prices and wait.
Have a strong inclination to believe it’s dirty money buying in FL, see some cash purchases that just make no sense whatsoever, and that’s what’s pushing up median price with higher end homes. People are also still Nvidia and stock market rich, if s&p falls 20% look for a firesale even further on RE
BlackRock
These houses are Not worth what these sellers are asking for. Our house is 'valued' for a good chunk of cash if we sell. Cool. First off - I would feel awful for selling it, cause it is Not worth that amount. I don't care what the "market" tells me. IT"S NOT WORTH IT! But let's say we sell it, great, but then What are We going to afford?! We're staying put. Our house is 1 room smaller than we'd like it to be, but at least its a roof over our head. We're humble and thankful. Also - it's crazy that these house prices are where they are, and they won't hold up a Tap in a hard hit hurricane lol. Give me a break.
loving the walk and talks...
I don’t like it
@@torsten6777 then dont watch dumdass
Sell your house with big profit but you won’t be able to buy a comparable one after paying Federal taxes on profit.
Great video ❤There’s only one way to go…..and that’s down. Prices need to be reduced to entice people to buy. No way are the homes worth what they’re “listed” for.
Hold the line. FL housing is a falling knife. There is no anti-gravity machine.
Oh yeah..what was median price home 2008 vs c0v1d vs now? You know when financial system collapsed and a global pandemic …
Artificial "scarcity," to "rigged valuations" = FREE FALL, at some point soon... FOR SURE! (It will exceed 50% in many, if not most areas... almost WORLDWIDE!!) AND it will indeed then effect almost everything, and everyone... but particularly the .01%ers, on upward. (i.e. When it will be "them," in particular, who ARE then "held accountable..." despite their 'grandiose' masters of the universe 'delusional' NWO PLAN.)
Hold onto your home and car as long as you can.
Fed tools work until they don't. They can't prevent all crashes. And sometimes they make it worse.
Builders are still building!
Can’t sell cheaper than what it costs to build!
Interest rates are high but will be getting lower and when they start to go down sales will increase.
Builder were still building right before the crash in 08. Houses were left half built for years. Some lots just had a concrete slab with pipes sticking out of it, left like that for years. We bought in 08. Literally looked at houses with the plastic still on the appliances, no one had ever lived there brand new houses in foreclosure.
Thank You🌻
2011..1.25%..paid 130k..owe 40k..house is worth 350-425k..im not going anywhere.. i will use the house and make money..
If I didn’t have to sell that’s exactly what I would do. You have a perfect location.
@daveaz9962 I was thinking..use some money..build a side by side duplex..pay my house off and one car..
@@mainegreengrower4209
Only 40k left on your mortgage, you’re almost there! Plus you have the perfect location to use your property to make money. I’m at the other end of life. Recently retired and love our place in Phoenix. But, my wife and I are just starting to look around. One never knows. Congrats. You’ve got a great plan and it doesn’t sound like you are afraid of hard work. Just remember to make some time for your family! All the best…
When enough sellers have houses they can't afford then they'll have to do something.
Resell to the PTB at 20- 40 cents on the IH$ 'fiat' digitized. That IS "the PLAN." (Along with 'herding' ALL the "tax n debt enslaved" SSN'd chattle who will "go quietly," into the border patrolled perimeter "15er" cityscapes, under Martial Lawlessness!")
Hi, your videos are great. One thing I learned about business and problem solving was to put myself into the user / customer's shoes and get their point of view, and relate to it. In one of your other videos you mentioned buying your first house, and having roommates. I'm 52, and this was the way for my generation too. I couch surfed in Boston 6 months right out of college until I could afford to split rent with two other guys in the combat zone. Now I employ over 100 great folks, many immigrants, and have a passive income. Today's kids would say we have it so easy, but I mean, the first house I bought in 2002 was 400K, and it was built in 1970 for @24k including land. It's the value of the dollar that is changing, FED policy does not care about home buyers lol. Best of luck to all, save your money, live on Ramen, do whatever it takes.
The seventies and eighties were pretty crazy. A bit older than Mr. Peacher. I live through those decades and ya it was rough for many of us. To make a deal you have to have a willing seller and an able and willing buyer. We are reaching the stretching point of an able buyer.
Rates.....that's why. Simple. Once rates go down demand goes up, prices will too. Low prices, low interest isn't a real thing. They teeter and balance.
I think car salesman’s and real estate agents are going to be phased out.
All the part time and crappy agents will definitely be weeded out.
Almost ALL middle class +/- "jobs," in general. (That's their PLAN... anyway.) Serfs... and .001%er on up, Overloads! And the sooner people AWAKEN to this FACT... the faster they will, FALL.
I get a much better deal renting a house in Central Florida than I would if I bought now. So there's no incentive to buy unless buyers decide to drastically reduce their prices.
The median sales price going up totally makes sense as the lower end buyers drop out of the market. Those lower end purchases no longer pull the median down. What people always get wrong is thinking that median sales price is the same thing as home valuations, and you couldn't be more wrong if you thought that. Home valuations can be going down while median sales price is going up and vice versa.
I definitely understand that point. The issue is there aren’t many lower end homes to buy that are insurable in Florida. Lower end buyers aren’t dropping out as much as lower end homes have shot to the moon in price and aren’t coming down.
@@MovingToTheGulfCoast Florida is the national all cash purchase capital for real estate. In some Florida metros, greater than 40% of home sales are all cash. The national average is around 35%. A home being uninsurable is less of a concern for an all cash buyer. As for home valuations, I estimate a composite of Florida's various metro's indicate we are around 8-10% down from the highs back in mid-2022. It's not every market. Miami and Jacksonville are more flattish, but other markets are down more than 8-10%. I am talking home valuations, not median sales price. Its not a question of when/if home valuations will go down. That already starting happening two years ago, and the top seems highly likely to behind us for this cycle.
As a buyer looking to buy first rental property (with 100k down) we are giving extremely reasonable offers based on 4-8% ROI on our down payment. 400k price range for home.
The issue is the sellers are EXTREMELY stubborn. They are coming back 30k above our offer.
I laugh and stop responding. Then watch as the homes eclipse 150 days on market.
Yeah it’s wild. You’re doing the smart thing.
Realtors if they are advertising homeowners to price their house way out of price their house is going to sit for a long time look at the area the house is in and houses will sit
At least 75% of homes I’ve looked at in Florida have had a recent price cut …
Check out Charlotte county if u want to see a train wreck
Walking around Florida from late May until Late October, your nuts stick to your legs and get all chafed. You can keep that state.
😂😂
Facts. I was a walking mail man in Orlando for 6 years and those long dreadful summers gave me ptsd 😂 I moved to NC last year and while summers are hot we get relief September-May
You gotta get some powder for your gear, and wear tight exercise shorts underneath your regular shorts.
Good talk Brant.
All true.
Bought my house in Jan 2009 for 179. Zillow values it at 360 now. I think I will wait to move to Brevard County, for a spell.
It's very frustrating to be a buyer right now, as everything is so overpriced.
Another reason Buyers are going to freeze is if now they have to pay buyer agent commission starting mid-August. Tack something else on to the final closing cost. Nail on the Buyer's coffin.
Yeah that’s some BS! Going to be interesting to see how it plays out.
Love the encouragement. Everyone is feeling the inflation to some degree.
Not motivated to sell with a low covid rate unless some idiot will come thru and pay top dollar.
There are still plenty of idiots out there that will pay high price
The economy is a mess. Everything is expensive. Insurance rates in Florida are high. And now the state will require you to buy flood insurance even if you're not in a flood zone. And it's going to be expensive. Just got 2 quotes. 4K and 8k. And that's with 7k that I already pay. Time to go
I just need about a six months heads up on the big crash. I can sell my house for way more than I paid for it and then live in an RV for about a year to let things get where they need to be and then buy. LOL! I am ready to downsize house (not land) but not paying the stupid high price that's out there now just to watch it take a hit.
That’s exactly it - as a potential buyer, I just keep looking to keep my finger on the pulse, but will not be ready to pull the trigger until rates get to….just slightly above their 2019 price level. If it never does, oh well… I will stay where I am.
Can we just normalize calling a spade a spade? Buyers were NOT lining around the corner to buy homes... PEOPLE FROM OUT OF STATE TRYING TO ESCAPE LOCKDOWNS were lined around the corner to buy homes. People who already live in florida already have homes in Florida and people who dont have homes in florida because they rent could not afford to buy them anyways so these "buyers" were transplants who were receiving ridiculous $$$$ to sell a dilapidated home in Hoboken NJ for example and bringing that $$$$$$$$$ here buying $150,000 homes for $987,000 because they were loaded with cash.
You’re not wrong and I have at least 3 videos on this channel discussing that. Thank you for the comment.
Refuse to buy anything until shit goes way way way down from where it’s at
I don’t disagree
Rents went down, vacancies are way up, renting is now cheaper than buying bc of RE Taxes and Insurance. 2 years and this will crash. Safe zones and downtown are unaffordable and mainly owned by wealthy and out of town people. It will be a huge correction. Sit back, rent, and wait.
We are only at the beginning of the downturn. Remember the crash of 2008, market did not bottom out until 2012. Give it a year and all those sellers will have no choice but to cut down listing price.
75% price correction coming!
I see so many homes taken off the market, then relisted. Do these figures look at the same homes listed multiple times as a new listing each time? Instead of looking like it hasn't sold in a while or refusing to drop the price any more, it's dropped then relisted. it would increase listings, while not showing sales on the same houses.
You could sell something like the equipment you're vlogging with in the description.
How do you keep that camera steady as you walk???? Impressive!!!
😮❤
How many homes have expired listings? RE agents are truly having to “earn” their commissions.
It's bananas, to be honest.
Whoever wins we lose
How’s a buyer not a buyer but still a buyer?
Is that Zach Johnson?
Who’s in office won’t matter ,…govt monetize debt with inflation won’t change bc of the next POTUS. He may slow it down but inflation will accelerate and go parabolic …
No, you have poorly built home in depressing development complex at outrageous high high prices .
FOMO or greed?!?
Neither
Buyers who don’t want to buy it, are not buyers. Boy, you’ve been in the sun too long.
everything goes up and thanks to Bidenomics!
I'm not entirely sure that a change to full government control by the party that wants less regulation will be helpful against a problem that seems to only have proposed solutions of "regulate things to be more reasonable."
Not that i think the democrats would ever actually get anything productive either, but a less restrictive market environment can't be the answer.
How about just holding people accountable to laws.
@@TheCatholicGirl there are no laws restricting what has caused the housing market to skyrocket
@@burningbend talking about the fraud. Ending the fed would cure that though.
We have to make laws then
@@ralphpal sure, but what part of the republican ethos of "no regulations ever" and the democrats big talk and no action makes you think that any of them are actually going to pass laws that regulate the housing market to any meaningful amount?
Took about 5 minutes to decide if I want to watch this video or your fishing video first. I fish daily in Panama City. Great content and God bless
You couldn't pay me to live in Floriduhhhhh.
Good don’t visit or move here. Fl has enough trash from up north. Thank you for volunteering to stay out of fl. Tell your friends to spread the message.
Please spread the word to others, especially in the northeast.
Good we don't want you anyway
Good please stay out. And spread the word. Fl has enough trash from up north.
You would have to bring (a lot) of money if you wanted to live in FL
Who names there child Brant?!?! WOW/YIKES
Same people that name their child corey
Got buddy with a dog named Corey.