Florida Housing Bubble is STARTING TO BURST!
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- เผยแพร่เมื่อ 16 พ.ค. 2024
- Over the past few months Florida has been the number one state across America that has seen an explosion in housing inventory. But a lot of people are asking is this really a bubble or a housing crash if prices aren't crashing? Well prices are already starting to come down in certain metro across Florida. It takes time the housing market to correct itself and we're starting to see the beginning stages of it right now.
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This is WHY YOU FEEL POOR! th-cam.com/video/BQ11Yc_JsgY/w-d-xo.html
Singe family housing in Wilton manors..March 2022 14 , one year later 52 and now its 113. More than two third of it from investors. Sample listed in October for $699K and now pending at $580K
Live in WM too..... @@thetruthalwaysscary
I live in Pasco county, FL. I hadn't seen big inclines, but I'm seeing more reductions and more listings. As a landlord, myself, I didn't believe those huge increases would go without a big correction. It's been insane. I like your format of walk and talk in different neighborhoods.
This is more the case in South Florida. North Florida is still relatively affordable.
@@thetruthalwaysscary Wilton Manors used to be a dump and then it got refurbished but they're still very small houses for that price, ridiculous
How could you not see this coming a mile away. When I live in a basic 3/2 house That is barely sixteen hundred square feet and people are offering six hundred thousand dollars for it. The only reason I didn't sell. It is because where would I go?
My brother sold and now rents. Still waiting for the bubble to pop, lol.
I would sell and rent . What did you pay for the home? Where at in Florida?
Problem with that moving ans storage probably 5 to 10k. Rent probably waste 30k waiting. So would need to come out on top by at least 40k and then it would be a pain
Cause we see house prices will double.
@@816928he probably listened to this person who saw it from miles away ...
Now he lives miles from houses ...
Michael never add an opening animated channel tralier. I am so tired of channels with 30-45 secs of clips and music before getting to the meat. Good channel
🤣👍 I hate all channels with music 🎶 Very often when someone is talking music doesn't stop.
I agree .
I hate that too!!
I like that he doesn’t say “subscribe!” before the video even gets going.
Same here. I have about 3 seconds of patience at the start of a video before I click to something else, if it starts off with horseshit intros.
I'm convinced that if houses were given away in Florida, the average person and most college aged people, couldn't afford the taxes and insurance to keep what they got for nothing.
That's the plan. "You will own noting and be happy."
Some say it's the: 2030 agenda
Sad to sad.
People can’t even afford their house taxes here in western NY. And they’re only a few thousand. Elderly with houses well paid off, can’t afford ever increasing property taxes. We got an influx of migrants here and boom property increased the most it ever has.
We moved out of a lower middle class suburban neighborhood about an hour away from Chicago. We had a 1/3rd of an acre with an 1800sf house on it. $900 a month JUST for property tax.
@@naomivought9317exactly. Taxes are ridiculous in NY. Some of the highest in the country. No where’s near as high here in Florida as they are there.
Prices of homes in Florida went up 300% in the last 20 years dropping 20% is really not a big deal
100% glad some people have common sense lol
Yeah, but paying for a $500K house today and saving $100K, is a HUGE deal.
People buying a new car for $50K, they get all excited for saving 3%, but 20% on a $500K house is not a big deal?
Heard about when the Japanese housing bubble bursted?
You are forgetting an important factor INFLATION.
100k in the year 2000 is $181k today.
Adjust your numbers for inflation,
then do a 20% price reduction,
you will see that homes doubled in those 20-24 years.
If you put money into a basic savings account
for that same period, it would have more than doubled.
About to go down 300% 😂
“If the American people allow private banks to control the issue of money, first by inflation, and then by deflation, the banks and corporations that grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” - Thomas Jefferson.
Written by a guy who's government plan survived on national banks for about 40 years and then immediately went into the crapper within 20 years. He didn't see it coming or the flaws.
We are here
Im afraid, that already had happened
Thomas Jefferson did NOT say that! Jefferson was not stupid as you imply. First of all it is a blatant lie that "private banks to control the issue of money" Private banks do NOT issue money - the US Treasury does -- look on a coin or a dollar bill.
Private banks are struggling too, they didn't ask for this. Some have failed already, and there will be more. The big ones will survive, but they will hurt, and some already are hurting. Look at delinquency rates, some private banks have delinquency rates over 10 or 11 percent, usually this is below 4 or 5.
Michael, just visited The Villages pricing homes. Saw a pre-owned home built/purchased in Summer of 2023 for 545K. Seller has the home listed for 830K. Not just the only one with 300K price increase in less than a year. The Real Estate Industry, the Appraisal Companies and the Inspectors are just flat out exploiting the market like Car Salesman. 300K increase in less than a year is goddamned criminal. The real estate and auto industry has exploited Americans for decades. Can’t wait for the crash to hit and let everything burn to the ground.
That's ridiculous, hopefully they won't get what they're asking for.
If someone wants to pay $830k for the home, it's a free country. I don't call that criminal, because people appear to have plenty of money to throw away, and they choose to do so.
Hint: don’t move to the villages.
I keep wondering why they think people are going to magically get money for the criminally inflated prices when they know income is not keeping up with inflation. The only thing I didn't like about China's housing boom is the environmental degradation caused by dredging in other parts of the world to help build those stuff. I could care less about "investors" losing their monies.
That's what the bait and switch comes in go 300 over take 200 over thinking you got a deal..don't get suckered
Inventory is exploding here in Florida and prices are coming down. Insurance, taxes, and HOAs are also a problem. Happy Monday Michael, Thank You!
I'll take a $4000 a year hit in expenses against $400k of house price growth... It's a nice return on investment.
70% fl is seeing everything still going up amd up. Few areas are dropping because they were WAY over priced to begin with but its just going to continue upwards with pricing. This guy is not in reality.
Happy Monday, Juliet!
Florida HOA act like totalitarian regime, constitution doesn't exist within gates of HOA
@08turboSS I agree! We the people who are seeking to BUY are not seeing any price cuts worth talking about! I looked at one area in Florida, and the average price drop was $5000. What is that??? That's nothing, on an already overpriced home!! It's a joke!!!
People are still asking way to much. Kissimmee, 3Bed 3 Bath in 2019 sold for $178K, on zillow now for $330K, HOA $360/Month. Almost double the price. Absolutely not.
Listings in Florida are like...$300k home listed for $950k, but just had price cut of $50k🤣
Yes, the old... overprice, then come down still way over and call it, a steal... 😂
All companies do these days is see how much they can rip everybody off, FTA!
This is the only comment he didn’t love
what a deal. Also lets add 8% apr and high ins premium to that.
Yeah. It's like how when Stores have a half off "sale", right after jacking up the original price! 😂
My happy ass is moving back up north when my lease is up. Been here 5 years and it’s just too crowded. You get terrible service everywhere you go and not to mention the idiotic drivers. Sure the beach is nice but the cost of living has went up 50% since I first moved here. I’ll go live with my family and wait for the inevitable correction.
Florida was a dream for the wife and I, but no more.
The 'correction' will be, 'You will have nothing and be happy'. They have a rock solid plan, whereas most Americans plan is built on quicksand.
South Florida might as well be not an American city, many of the people don’t speak or want to speak English and like you said the customer service is nonexistent.
I moved to Florida in July 2023 and I have absolutely no regrets. Love it here. I came from Minnesota and they are trying to out California California with their taxes, legislation and regulations. I couldn't have gotten out of there quick enough.
What state up North?
I enjoy how you pause to show us the view of the lake with the people on the boats and the animals (ducks, cats, dogs, etc.) and certain landmarks and trees. Thanks for sharing.
Trees and flowers and chirping birds...and basket weavers who sit and smile, and twiddle their thumbs and toes.
@@SunofYork Right! 😊
So glad to hear you enjoy those peaceful moments I do as well
My wife works for a big insurance company. She told me that there are many people that moved down here, from out of state & now looking to move back home after seeing these ridiculous insurance rates.Its so bad that some are paying more in insurance coverage than their mortgage & car payments.
My taxes are double my principal amount. My insurance is the worst at 3Xs my principal. And I pay an extra $50 each month to end my mortgage sooner.
Home Prices are still insane in Florida!! They Need to drop 50% if not more.
Forget the housing bubble. You need to look at flordia's FRESH WATER bubble. Many areas will not be able to supply fresh water within 4-7 years. The surge of new construction is going to skyrocket your water bill here soon.
Wait till your HOA needs to build a water treatment plant. Imagine those monthly increases.
Right! Glad someone else is pay attention. 😂
@@GenghisKhan311 Same thing in SB the Fresh water will have Salt water in it BEFORE it floods HaHa.
Like Vero Beach. They have a fresh water problem now. Where I am, we have Lake Washington.
I have a hard time believing the 4 to 7 years statistic. Can you cite your source? Florida has one of the most productive groundwater aquifers in the country. I'm sure it is being stressed with the amount of people moving here but there are many, many more states who get nowhere near the annual rainfall we get in WAY worse shape than we are. And even if water prices go up that will just force people to conserve.
Imagine the monthly water bill.
Why are businesses allowed to own so many single family homes?
Coz it isn't China
Because the can. What’s to stop you from starting a business? ( less than $100 in paperwork) and then buying a house in that companies name? And then do it again?
See, anyone could do it.
I know…
Because it's a Free Country... for over 200 years.
A lot of those businesses are not big corporations but individuals that might own 1 to 4 homes and rent them out. They just file their business entity as a corporation.
People get so worked up about someone else making money but if they did it they'd be just fine with it.
This is America - or it WAS. Instead of being all jealous of someone else's good fortune maybe go learn how it's done and do it yourself.
If you don't want to put in the time and effort then just keep your trap shut.
The problem with making an entire channel based on the hopes that there is a market crash… is that you have to keep telling people that “I know I’ve been saying this every year for 4 years, but THIS time it’s for sure!”
🤣🤣 dude has been wrong for years
Dude is getting paid off of people who desperately want to be able to afford a home but can’t. He’s a predator in my opinion.
This guy has been showing up in my feed a lot and I'm asking myself why? It's all negative sh!t people have been saying for YEARS. Yes, there are corrections in this rigged economy. Yes, housing prices will come down. A freakin child could have predicted this... So what? -Florida resident since 1986
A couple in Palm Coast who are desperate to sell because they are having a house built in SC, should be interviewed by you.
They are getting close to be stuck paying for two houses, because they waited too long to sell their Palm Coast house.
Like I always recommend; if you are determined to sell, do it when there’s a bidding war, when no buyer cares about repairs. Dump the house and go pay rent until you are ready to move permanently.
Eh it’ll sell. They should take the 80k hit now as a reduce to at least attract attention.
Everything, I do mean everything has a buyer my boy. Rest easy... one will bite. Greater fool theory also in full play.
Bidding war ??😂 next century ?
After 17yrs of building equity, we saw this coming ...and wanted out of FL...so in summer 2022 we sold ....it was the perfect time....we had a bidding war and sold above our asking price....so glad we pulled the trigger when we did!
@@muskyful Where did you go??
I appreciate you and that you are truthful about what is really happening.
Thank you
I'll believe it when I see it!! Rent is still super high in Florida, and housing is still UNAFFORDABLE!!!
I agree with you all this babbling about their dropping prices it's like a penny on the dollar
That much is very true.
Thank you to ,our host for these outdoor walk-around RE sessions. Always learn something
My pleasure
We saw the bubble about to pop in Cape Coral and sold last Fall. There are SO many new homes being built there it's crazy!
Did you lose your tax break? How much was that a year?
If you don’t put the money in another house you get hit hard by taxes
Cape Coral is in serious trouble
@@JDmix123 Not necessarily. The capital gains tax law doesn't effect most sellers, unless they made over $250k equity, and even then, they can subtract home repairs to bring that equity number down, or below $250k.
@@tlindsay1007 well that’s good to know
Well,....if Michael wants to talk about all the lies, lies,....and more lies from politicians, the government, mainstream media,....and real estate agents he certainly will never run out of content.
and We are here for it!
Hell yeah!
People are turned on by lies, not the truth. Truth doesn't matter anymore.
TY, MB!!! On Point as Always.
Great show! Thank you for the data and charts! Brilliant 👍
Sir you just make too much sense! 🙏
Thanks for keeping it 💯 Michael.
Where I am directly around me prices are dropping around 10k every few weeks, until they hit like $350000 then they disappear off the market instantly! People are starting to realize they aren’t gonna be able to sell very far above that (3 bed 2 bath for over $500000 still on the market for nearly 2 years now in some spots, super ridiculous!)
Hope that starts happening in the high priced cities, very soon.
Love how realistic you are. I am a Realtor in The Village’s mostly the prices are definitely leveling, but the outside area is really becoming a buyers market. I tell all my sellers it isn’t a sellers market anymore.
Over $1million for a house that has the power lines running directly into the roof? LMAO! This bubble needs to pop ASAP!
I appreciate your insights, Michael!
i love your brilliant informed relvant analyses. Thank you.
Wow Michael 175K
Your channel is growing more and more. Keep it up sir congrats
I'm blessed to have 2 homes paid off. Our kids live in our 2nd home and pay the utilities and $300 extra a month to help with property taxes. I know.... that's only a drop in the bucket, but I still help them out as much as I can. My kids (21, 25, & 34) all hold jobs and are productive. That's all I ask.
sounds like your family planned well and Im happy for you all. I too am grateful, I stepped on the fas a few years ago and paid off my condo thank God. M maintenance fee is now predicted to go to 750 (from 525) but I have to say that I could not rent anywhere for 750. So I will work a bit extra until I cant do it anymore.
Thank you for the informative videos. Please don’t ever stop making these videos! We need more people like you!
In the panhandle. Cant even get someone to look at our 2/2 condo priced well below surrounding homes. It's like demand has completely dried up.
Surmise it's the financing plus the recent upsurge in Insurance and Property Tax assessments. Price to Income ratios rise in the last 10 years shrank demand to start with - differently than the rest of the state seeing a consistent rise in demand.
Condos are a different market entirely.
I’m in panhandle too where the urban areas are being overrun with DR Horton overpriced POS that nobody is buying
In the last 3 weeks 5 of my friends have moved out of Florida. 2 Back to CA, 2 moved to Texas and 1 to SC. Florida is at the end of the road now.
Look how many listings are in Monroe County (key west and other keys). A lot of the properties bought for vrbo & airbnb setting empty. I will bet money many of those with mortgages on them are in default. Owners hoping the property sells before it gets foreclosed on.
Those houses were paid in cash brother. Hard to get a mortgage on a property that can’t be covered by H/O insurance.
I work on a barrier island off Lee county. The past 5-6 years every house built has been owned by a corporation or LLC. It used to be small bungalow style homes that people owned and either lived in full time or a vacation home. Now they are all vrbo rentals.
I clean for some vacation rental properties, and I am seeing empty calendars this summer. (I used to own a few vaca rental mobile homes in an RV Resort, which I sold in 2019 & 2020, because it was too much work for the slim profit margins. I had to keep my calendar 85% full to break even). So, if people can't afford vacations, the calendars sit empty, and the owners will either change to long term rentals (at much lower profit margins) or sell this year (showing the buyers their previous year's books to show profits). It's sure going to be interesting. We have over building at over pricing going on here in Volusia County. I lived in Vegas 1995-2006 & saw the over building going on there, and the housing crash 2007-2008. Here's hoping the same thing happens here again, soon. I have no idea how any middle class people can afford to buy anything right now. It's total insanity!
We need someone like you in every state. Keep up the good, informative work.
Very good coverage, Michael
I'll see you on the next one....😊
Great informative video. Thank you.
Glad you enjoyed it!
I really enjoy this channel. Real information- thank you for all your content
Thanks Michael! I think you are spot on about waiting a year or two to buy a house.
Florida also has seniors passing away at an alarming rate after the vaccine disaster.
Not a disaster, it was the desired result.
Yes. That is the variable nobody is putting into their calculations.
True
Great analysis thank you
Very welcome
Keep going Michael!!!!
From a real estate lay persons point of view, your videos are very clear and helpful. Nice work!
I bought a house in Boca in 2010 for 178k.. 2 yes ago got Divorced and we sold it for $403k. I went back to Pittsburgh bought a house for 78k in cash! I'll come back to after the next crash. I went thought the last crash and glad I ain't going thur this one.
@@ShadyD365nice moves. good future plan.👍🏻
Homes in many areas of Pittsburgh are still going for over asking.
@user-wq7yc2om3d yes they r.. that's why I bought in butler city. It's about a hour north of the burg.
@@ShadyD365
How is Thailand and why would you ever want to leave?
Also what are you expecting Trump is going to do for you?
@@mikesleigher932 Lower property taxes in Butler too. I'm looking in Washington County to escape Allegheny County taxes.
Interest rates go down very slowly. They go up substantially faster.
I work in real estate in Palm Beach county and the buyers are almost non existent. I work in a Century 21 office and I've never seen it this bad! Last week I asked our receptionist if she had seen any tumbleweeds blowing by. I have been in the business since 2005 with 14 of those years as a full time buyers & seller's agent. This year is shaping up to be the worst one I've ever seen. I feel the tension Everytime I step in my office. The first time buyers who I've enjoyed helping over the years have virtually disappeared..... There will be a Major Correction
Buyers are non-existant or properties on the market are non-existant? If there are no buyers then the prices are too high. Exactly what needs to happen.
The buyers, especially first time home buyers are just not there. There's currently 45,760 properties on the south Florida MLS, which is double what it was 2 yrs ago. Prices, Insurance, taxes and interest rates are completely ridiculous.
@@philprovenzale6484 100%. Hopefully that will lead to property prices decreasing. I don't want to see sellers get hosed or lose money on their investment. But something has to give somewhere.
@@philprovenzale6484you said it Phil!!!
They have completely destroyed the State! The insurance, HOAs, property taxes and the cost of the homes has reached ridiculous levels.
The mass inflows will turn back to mass outflows over the next 2 to 3 years.
007
Sounds like the cash buyers all loaded up. This is gonna be funny AF. (Yeah I’m in your neck of the woods) and I know EXACTLY what’s coming next. 😂
Thanks again Michael. Let us know if that property sells!
All properties around me (East ORL) have gone up 300% since 2017. The closer you get to the city it drops to 100%-200% since 2017.
MB is our real estate detective and is exposing all these ridiculous lies!
I do site work for neighborhoods in Central Florida and the builders are still pushing and building fast. Doing 4 phases of one neighborhood in Lakeland.
Thanks Mitch
Glad I found your channel
Based on what you report, and what I believe, I don't see how there isn't going to be an insane financial collapse and plummeting home prices.
Don’t forget; now that taxes and insurance has skyrocketed in Florida, snowbirds will be selling their second home in Florida, and pay rent for 3 months… and it’s still cheaper than owning. My friends are doing it, selling their house and renting a month to month place.
Hi Mike, your videos are extremely informative. I want to thank you so much for all the data provided. But, what do mean by “New home at 5%?
Where we're moving to, there are homes purchased in 2022 at $300, now listed at $700-$2M
It makes zero sense.literally a house bought in March of 2024 asking $300k+ what they paid.
I think it's the word getting out what insurance & property tax hikes are what is killing the sales.
And for condos---increase HOA costs added to the shake-down to beef up the reserves that condos will require by January 2025 to cover major repairs. Many put off maintenance.
@@siouxrose7766 That will "KILL" the condo market. I just sold my condo last year, and got into a house again. Since I sold my condo, only one year later, I see they have raised the HOA rate almost $100 a month. The HOA rates are "OUTRAGEOUS." It went up to over $600 a month from a little over $500 last year when I sold. Glad I got out when I did.
It's relieving see you being right, Michael. Thanks!
What has he been "right" about ? Specifically?
I'll wait for your response....
I'm planning on moving to Orlando this fall.
I check rental listings on Zillow every day, and I have noticed more listings, and slowly dropping prices just in the past couple months.
I'd be happy to see prices fall even more by the time I'm ready to move out there.
It doesn’t help to keep housing prices high when insurers are fleeing the state.
there will only be cash buyers...mass exodus coming to FL due to Ins costs or even ability to purchase Ins
We’re supposed to have a few new insurance companies coming to FL. We’ll see if that happens.
This guy will be right one day as he’s been saying this bubble burst for years. There’s still no inventory. Majority of single family homes priced right still go under contract in a week or so. This dude will be right one day but not in the next few years.
There’s no denying we have a correction around the corner. (Not like 2008 though)
That's the problem when you start to early calling anything. Eventually you'll be correct and the caller will associate that as vindication without context of time.
definitely in the next few years
@@llew-AZ when rates eventually do drop end of this year or next the market is going to go back up again. Florida still getting most migration out of any other state.
The "real deals" in FL are a year away as inventory continues to pile up.
Just wait😮
At 4:06. This chart caught my eye too. Yes, sales are average but it's astonishing that sales are average when factoring in exorbitant increases in home owners insurance and property taxes. The fact that housing sales equal that of 2013 tells me that the Florida housing market is "healthy" but I'm not easily fooled. Who's buying these homes? Are the buyers single family earners or are the buyers predatory Wall Street funds, like Blackstone?
It’s companies
It's the latter, I am sure
How can you exist paying 80k/y in property taxes alone?
when you’re rich the numbers don’t matter. There’s two economies
@@Ellemments trumputin just got fined $9k for gobbing it off and threatening the judge's daughter...that is like half a bowl of cat food to him
@@SunofYorksleepy joe gota go. No more coke in the white house.
Bought my house in Palm Harbor in 2010 for $115k. 2 bed/2 bath 988 sq.ft. These are now selling for $360-$380k and renting for $2400/month. It’s insanity.
Great work 💯
Unfortunately I want it to burst since that is the only way I’ll ever be able to buy a home. I’ll need a second job to pay for the insurance.
Prior to 2021 an article cane out saying 70000 people are moving to Florida every year. I think thats why they are building like crazy.
I loved St Augustine when i visited there. Beautiful area.
I love this area too
Very relevant content - not just for Florida but observation & commentary also captures the essence of most markets nationwide. I'm an 20+ year remote owner in Panhandle - always appreciate the unvarnished take - thank you Michael.
Your recent video about Why You Feel Poor giving parallel take of Florida real estate to Oahu & Hawaii markets was an excellent synopsis of the Florida situation. Supply growth will be constrained in several parts of Florida especially the South it seems, so those other parts of Florida may see some pricing adjustments - but the longer term trend is NOT downward.
Cool vid, Mike. I'm in Palm Coast too!
Thanks it’s a nice area!
Miami is an outlier in the Florida market, it’s still relatively strong; the Orlando area is seeing massive inventory particularly in the vacation/Airbnb/investment home sector- huge price cuts and saturation in those areas. 1-3 years and you’ll see 2008-2011-type cuts
it been three years already
Nobody can afford to go to Disney anymore. So, that decline, is sure to effect the vacation rentals. We may see many going up for sale quickly. Summer calendars for vacation rentals this year are very empty.
Real estate agents won't even list here in Sarasota had to call 4 agents before i could get call back.
Glad things are turning around, finally!
🎉🎉🎉. It’s getting to the point where I just don’t know what to expect anymore 😮.
Not much of anything makes sense anymore.
Thank you Michael.
Blessings, C Los
The world is totally upside-down!
Thank God I can still afford nachos.
It's affording the cheese that gets me. 😂
Never had one😮
12.95 by me or more if you go crazy on the toppings 🎉😂❤
@@JFEnterprize oh damn , well in that case, extra cheese beans and ground beef!
🙌🏼
Prices went up proportional to the money printed.
It will happen again with the next round of printing.
Houses, stocks, cars... any assets.
I make sure to leave you an UP vote. Keep saying what you are saying. Between the increase in insurance, and property taxes, those of us on a fixed income are sweating it out. These days, you HAVE TO save, save, invest, and invest some more. A person cannot relax on their laurels. Everyone needs to listen to someone in the know as you said in their area of interest. But make sure you are working with a trusted salesperson. That’s the key. Like you said DO YOUR RESEARCH.
Thank you for speaking out about the insurance and tax costs in Florida - so many people will say it's cheaper to buy than rent and that when you buy your monthly cost stays the same but insurance and taxes go up yearly.
Nearly everyone qualified has their house. No need to buy. Obviously zero sales isn't achievable.
Prices can collapse to whatever. It won't matter.
Good houses without an HOA (or expensive fees) will still be sought after.
If prices go low enough, you will see some sell to convert to no mortgage houses and drop the insurance.
Wallstreet is still buying so the prices still aren't coming down!
Do you have a source for that information? I'd like to see the data.
Last i heard they were dumping - or buying at great discounts (without which they wouldn't be able to turn a profit).
Quit being lazy, get your own sauce. @@tlindsay1007
Michael, can you do a vid or portion of vid about new home building costs. I own 10 acres in Okeechobee and have been wanting to build since 2019 and the building material costs have just outstripped our savings.
You should adjust closed sales with inventory growth in available properties as a percentage of.
That way it accounts for the larger market. Same sales in a larger market is a decline.
Need to get those prices back down to March of 2011!!!
When the median price was $100,000!!!
007
In another life may be. 😂
I was born & raised in florida. My husband passed away and I ended up losing my home. My lender refused to work with me from every angle. The high cost of rent is over the top. I ended up living in used rv, paying a lot payment, way cheaper than renting a house, but yet I still struggle like hell just to survive. I have always been able to afford a roof over my head, give my kids a home until the high cost of living hit, and it hit hard. Its been 4 years, straight up struggle. Yes the American people is under a lot of stress. Living in the usa, the life I once knew don't even exist anymore. Until the prices come down and the pay rate goes up its going to continue to get worse. I always lived what I considered a normal life, worked all week, played on weekends, paid my bills on time and I've never seen it this bad. I would see Biden on tv to make announcement, I'd get excited, thinking he's finally going to get us some help, but he announces he giving money to other people, felt like someone gut punched the air out of me. We sure have been thru a lot, c-19, pandemic, war, etc. I really hope things get better. "?"
I would normally be snarky but that makes me sad. Best wishes to you.
The government ain't gonna help you. Sorry, they serve their sponsors .
This is a very real comment, just know you aren’t alone love. I’m glad you at least have a safe place to stay, and it is hard out here. I can’t imagine going through all of that after losing my husband none the less. 🥺🫶🏻 I hope things get better for you and your children are doing okay as well.
You should never put your faith in a kid sniffer! Lesson learned! 😂
I’m so sorry for your loss. You’re doing a PHENOMENAL JOB Mom, don’t forget how amazing you are. He would be SOOOO proud. -signed also a widow. 🥰🙏
💥 Boom ! I’ve been waiting for the ball to drop !
I live in Palm Coast and own property here. We’re absolutely seeing the market soften here. Let’s see if the bottom falls out. And you were correct in saying the “C section” includes some of the higher end homes in Palm Coast.
Yes, im seeing sellers drop their prices 20k or more.
Sure after they went up to 200,000
I was born in 1970 in Miami Beach and grew up in different parts of Miami most of my life North Miami Keystone point and Aventura before it was hell. I’ve been on and off up in Stuart for the past 16 years and it is changing for the worse in every way. Becoming very expensive and crime is on the rise
That's pretty much in any metropolis in our country, right now. Crime actually pays, under our current, so-called leaders.
Crime in Stuart or Miami ?
bought my house in Jax in Feb 2019. refinanced it in late 2020 for a 2.5% rate. I didn’t sell when the market exploded because I love my little bungalow, and I hate moving lol. I want to stay here a long time
Michael, thank you for your insight and truthfulness! Can you please do a vid on a place like Pinellas County where they literally have to knock something down in order to put something up? Thank you!
I GOT OUT JUST IN TIME. STILL LOST SOME MONEY BUT NOT AS MUCH AS EVERYONE FROM HERE ON OUT WILL. PRICE AND LOCATION HELPED ME CONSIDERABLY
Congratulations. Really. Some happy buyer snatched your burden and I can feel the relief from here!
Rentals in California are coming down some too.
I'd love to see a video in the Summerfield area, the Stonecrest community has a lot of inventory.
Not seeing prices decline where I’m at in CA. But rather beginning to increase once again.