Thank you so much for trying to help many of up with learning somethings about wealth building and financial education. I watch all of your videos and have learned so much.
The inventory in Florida has spiked because investors have put their rental properties up for sale. They believe that taking a loss on the property is better than paying insurance premiums while needing to lower monthly rental prices. This is mostly affecting the large cities and areas susceptible to hurricane storm surge. I just had my new construction in Florida appraise for much higher than the sale price. It’s not in a major city and far from the coast. Insurance is very cheap for the state as well. Location matters in Florida, so don’t believe all the videos regarding the “Florida real estate crash has begun.”
Funny, I’m getting a new home built. SE Florida inland. All I have seen in my market is prices and rates up for the last almost 5 years now. The builder just raised the prices in my new neighborhood not lowered them and it’s been 6% YOY. Crash or not I’m buying and putting down over 40% and plan to stay for at least 15 years. There’s also a lack of inventory in my area and definitely a huge lack of new inventory.
The problem with new housing is it has to be out of town since everything near town has already been built, so you have very long commutes frequently. Also, dare I say the quality of many new homes today isn't what it used to be.
If their 2 main priorities were actually price stability and employment. Then there wouldn't be any issue for them to provide us with transparency of their balance sheets 🤗 maybe that's just me. I'm more of a 2.25 guy myself so I started to think about refinancing recently but meh......yeah maybe I'll wait it out just a little bit longer 😅 I mean if you asked me if I see buying another house or moving this decade in this environment, hell no. Even if the economy is so great, then ok why would I do that when I can just defer diversification to invest the difference? There's nothing wrong with learning the hard way my first property was a $8000 trailer 12 years ago and I financed it FSBO after I got out of the USMC. I'm pretty sure that wasn't the 2012 median, I cry for nobody.
Finally!! A channel that’s spitting out facts, no political agenda, true data from experts! Keep this going Dan, love the content❤
Thank you so much
Thank you so much for trying to help many of up with learning somethings about wealth building and financial education. I watch all of your videos and have learned so much.
The inventory in Florida has spiked because investors have put their rental properties up for sale. They believe that taking a loss on the property is better than paying insurance premiums while needing to lower monthly rental prices. This is mostly affecting the large cities and areas susceptible to hurricane storm surge.
I just had my new construction in Florida appraise for much higher than the sale price. It’s not in a major city and far from the coast. Insurance is very cheap for the state as well. Location matters in Florida, so don’t believe all the videos regarding the “Florida real estate crash has begun.”
There’s so much existing homes for sale. Everyone is trying to get rid of their second third home and they are not selling. Buckle up
Funny, I’m getting a new home built. SE Florida inland. All I have seen in my market is prices and rates up for the last almost 5 years now. The builder just raised the prices in my new neighborhood not lowered them and it’s been 6% YOY. Crash or not I’m buying and putting down over 40% and plan to stay for at least 15 years. There’s also a lack of inventory in my area and definitely a huge lack of new inventory.
LOVE IT
The problem with new housing is it has to be out of town since everything near town has already been built, so you have very long commutes frequently. Also, dare I say the quality of many new homes today isn't what it used to be.
AMEN. I live in the suburbs of Chicago and it not uncommon to drive an hour just to go 10-15 miles to work
Ya we had 2 failed inspections we had to walk away sellers won't fix crap looking at homes this weekend though remaining hopeful
Here to watch Dan and could give two S's about the Jg-off property fake show bros. 😁
If their 2 main priorities were actually price stability and employment. Then there wouldn't be any issue for them to provide us with transparency of their balance sheets 🤗 maybe that's just me. I'm more of a 2.25 guy myself so I started to think about refinancing recently but meh......yeah maybe I'll wait it out just a little bit longer 😅 I mean if you asked me if I see buying another house or moving this decade in this environment, hell no. Even if the economy is so great, then ok why would I do that when I can just defer diversification to invest the difference? There's nothing wrong with learning the hard way my first property was a $8000 trailer 12 years ago and I financed it FSBO after I got out of the USMC. I'm pretty sure that wasn't the 2012 median, I cry for nobody.