I was at the gas station and noticed a car full of belongings and a lady with her dog. I gave her $20 and she just started bawling and was extremely grateful. When I was in my 20’s I was homeless for 2 months and lived in my car. I know how it feels to be in that situation.
I always wonder how can the typical family with average income afford a higher rate+ more expensive home? in my area multi generational home is becoming the norm . Don’t forget to add the inflation which just this week was 9.1 on the CPI , producers index 11.3, it’s going to be a rough ride for sure
This is why being informed pays off. I see any financial market condition as a plethora to make wealth. I had my $80k diversified and it has grown by 3x in the past 7 months with compounding, venturing doesn’t necessarily boil down to funds but you also have to be informed, be patient and back it up with good guidance
Credits to Margaret Johnson Arndt, my financial advisor. who has always had my back all through the process of working and investing. You can glance her name up on the internet and verify her yourself. She has years of financial market experience.
The problem is more foreign ownership/investment of residential property. Overseas people parking their money, and they may not even step foot in the condo. Outlaw those, and things will free up enormously.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
I have maintained contact with a financial analyst since the inception of my business. In today's dynamic market, the challenge lies in determining the opportune moment to purchase or sell when investing in trending stocks, a task that may seem straightforward but can prove to be quite challenging. With a portfolio that has increased by over $600k in a relatively short span of one year, I have delegated the responsibility of selecting entry and exit orders to my advisor.
@@rebecca_burns14 “Camille Alicia Garcia” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
@@james.atkins88 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
The wages in Florida are one of the lowest in the country yet the houses and rents in Miami and other cities nearby are one of the most expensive in the country. How does that make sense? How are the local jobs going to support convenience for residents of the people expected to work those jobs can’t afford to live in the area? Are they just employing rich peoples’ kids at all the businesses because adults aren’t available to work there? That’s going to be the only option going forward.
@@longbeach225 see, that’s the NYC model, and it works because of our infrastructure, people can work multiple jobs and get to those jobs quickly. I don’t think it’s gonna work in Florida. I’ve lived around Miami and i know that you need a car to really get around, the buses take forever, and what train?😂 smh
Miami has turned into Honolulu. A playground for the rich/tourists where all of the poor locals work low paying service jobs like slaves serving the rich internationals and tourists, while they live in tiny apartments with 5 roommates to afford rent. It’s exactly like Hawaii.. There’s no economic opportunity in Hawaii outside of tourism and feeding the rich people who live there year around at fancy restaurants.
I'm in miami and could not afford my house if i were house shopping right now. I moved here 25 years ago because of work and back then it was normal. A person with an honest job could buy a house and have a car payment etc and still have money left over. I cannot believe what people are paying for rent now. I feel so bad for locals. Yes it super nice and yes you may have grown up here but you know what's also nice? Eating. Go save a ton of money somewhere else then move here later.
@@danpan001 They are running to Florida & Texas. That’s where those Californians are going to or they’re going to the DMV. Idc I would rather live in California than Florida because hurricanes are brutal.
@@gayelorde2577 what’s the average gross income for a single person and a household? What are the price ranges for homes up there? It’s funny you say that when various articles state the same and people from NJ and NY are leaving and using their money over here.
Just moved out of Florida. Lived in nice neighborhood in North Miami. When doing my finances and projecting my future I decided to move. It’s come to a point in South Fl that people have to decide if they should eat or pay they’re light bill after rent. This is no way to live. And yes crime is bad now. Did I mention bad drivers and bad traffic all the time.
I moved from Massachusetts to Miami and my income dramatically Increased from better paying job, I pay less in rent than I did up north, I can go swimming everyday. Literally going south of Miami to Cutler Bay or Homestead is still affordable. I love it here and would never move back up north. It’s also very boring pretty much in every small town I lived in from North Carolina to Massachusetts, basically people just drink and get fat from the lack of warm weather to want to be active. Oh and the amount of feminists and pink haired/blue haired man hating women is dramatically increasing so being a fit and masculine man, I met some of the most trash women up north. I can literally go out of the house now and find a beautiful Latina girl at a nightclub and dance with her tonight. That’s also a huge motivator for single wealthy guys to move from there boring towns.
@@PaulAllen786you’re the exception. The majority of locals in Miami pay over 70 percent of their income in rent due to the mass influx of people from out of state driving up the housing and rental market.
@@Ja56780 understood. And that’s rough, I do feel sorry for those who have to choose between food and rent. I’m not immune to that possibility either. Good point sir
Drug trafficking, Onlyfans, successful TH-camrs, and the trust fund kids. Plus, South Florida has always been the 2nd home for the filthy rich from Manhattan, Boston, etc. And with COVID, a lot of remote workers moved there permanently. So they are not relying on the local economy for employment.
I move from Los angeles to Memphis don't regret got a lot of home for the price. Plenty of jobs just stay away from the wrong areas can be very violent here.
This report is 100% accurate, I live in Miami and see this every day. Some people can’t afford to live here, they just don’t make enough and they are royally screwed. As cold as it sounds those individuals should consider moving because it’s not going to get any better. We are getting over 1000 people a day moving to Florida, most of those come to south Florida which means rents will get more expensive. It is about supply and demand. 100 applicants for every empty apartment and landlords are greedy.
I was a real estate agent from 2012 to 2017 and I saw a this trend of out of state buyers and corporations buying up property and flipping them. Neighborhoods were getting gentrified and I was trying to encourage my clients to buy property because renting was going to be a nightmare. Its sad what some of these developers have done because now its really difficult. Florida has one of the least affordable markets, but doesn't pay NY or CA wages. I'm glad that I was able to get my family into a nice home that they're comfortable with. In the meantime, I'm just waiting for the entire house of cards to fall so that we can start buying property again.
Those are Manhattan prices. Even parts of Brooklyn are cheaper than living in Miami. People don't make as much money there so how are working class people supposed to live there? This should be the first question during the debate to knock the governor out of the primary debates.
We don’t make as much up here the cost is horrible plus the taxes on the paycheck are worse we have state tax you guys don’t. I moved to New Jersey I pay $1400 for a 2 bedroom. Love it
@@samthepoet107hat’s why many need to relocate. I feel a great migration of the 2020s is going to happen in the south. I was born and raised in Fort Lauderdale but didn’t come from the wealth side or beaches. Rough upbringings and I couldn’t pursue my goals out there. Florida isn’t the state to build a new family life or a successful career. Most will straddle the fence of Florida draws and don’t truly realize the climate there is horrifying to. No one wants to keep dealing with hurricanes like that and most can be deadly. I thank god the rose colored glasses are gone and I’ve been set free to pursue the life I always wanted. It’s hurt not the state for that fairytale like and america need to take a deeper look into Florida not the beaches/palm trees.
@@Fourwindsofsuccess your comment is totally opposite from the governor there who paints a rosy picture and is running high in the polls in Florida. I've been there a number of times all the way from St. Augustine to Disney, Fr. Lauderdale, the two Miami , all the way down to the Florida Keys. It's definitely not breezy like Caribbean weather. It used to be affordable. Then so many investors moved in there pushing the price of real estate up. But with constant hurricanes, flooding and bad weather insurance companies are leaving while I heard that one has to have home insurance. It's definitely not a place to live if one only has social security income.
I love Miami. I had to leave because I couldn’t buy a home as the home prices, taxes, HOA fees and insurance are very high. Now I live in NC as prices are more affordable.
@@thanosianthemadtitanic Most floridans are sneaking out especially us who’s were born and raised. There are going to be so many that will suffer because of that weather is brutal there and I’m not talking about the sun. Florida get the most hurricanes/floodings. It’s going to get worst so nobody should be living there forever. So many floridans will go to Georgia or the Carolinas or California/or Arizona. Some may go to Texas but I would never want to live in Texas because of the hurricanes as well. If anything Floridians should escape states in a direct hurricane path (death zone).
Being rich is a beautiful thing but why move to a state that’s a death trap aka hurricane zone. It’s dumb that you spend money and your home could possibly be swept away. It don’t make since why people pick Florida. When I’m wealthy I rather Santa Barbara, CA not Florida any where there.
@@realtalk1310 I lived in FL and CA and I found CA more affordable. My wages in FL was 60% less than what I made in CA and my rent in south FL was 55% more than my rent in CA.
There is constant landscaping noise everywhere you go in Miami. It's not enjoyable to walk around in Miami neighborhoods because almost everyone speeds, runs red lights, drives through stop signs and makes extremely loud noise with their cars and motorcycles. There are cops everywhere but they don't enforce traffic violations.
Lived in miami, miami beach, ft Lauderdale for almost 40 years. Last 11 years disabled. I had it together, had a great landlord, and nice neighbors in north beach. Landlord sold, my lease was up and rents were now out of my reach. 61 and moved back to new jersey and near family
@@Utubedeletescomments I did own, a condo. It was a negative experience, other owners have their own agenda, people in charge of the hoa fees can screw around with the cash, things that need upkeep are overlooked. Couldn't wait to get out of that situation. When renting, anything happens just call the landlord...
No one is going to point out the truth?! It’s rich Latin Americans moving to Miami or building their second home that is artificially inflating the prices of housing. This has been going on for decades
Have you seen the housing in any of the places that don't have a "free market"? Our government supplies those in the form of section 8 here. The quality is not much different.
@@saywhatnow57 No, some cities/states cap the percentage on how much a Landlord can raise rent from year to year. Places that don’t have a cap allow landlords to triple rent from one year to the next. So people have to keep moving every year or they have to stick with sky high rent if they want to stay a second year. Section 8 is entirely different, it’s for poor people. But non-regulated rent affects virtually everyone. It’s obnoxious and it is also what is allowing rents to balloon the way they are ballooning.
@@captng you're making the assumption that rentals are mortgaged. Most rentals have large amounts of equity that would require a smaller, or no mortgage at all...
I live in Jacksonville Florida and live in a two bedroom two bath apartment for $1550 a month. I just think Rent is expensive all over the state of Florida.
Great video! it is challenging to make precise predictions for the housing market as it is still uncertain how swiftly or to what extent the Federal Reserve can decrease inflation and borrowing expenses without causing a significant drop in demand from buyers for everything from houses to automobiles.
If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.
Over the past three years, I have been working with an investment coach who has provided daily guidance on my investment decisions. With their expert analysis, I have realized gains of over $1 million. Their insights have helped me avoid losses and capitalize on market breakthroughs, particularly during downtrends.
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@@laszlolee I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her.
The rents are double, the pay is half. Whatever you do for income, you will earn less of it working in South Florida. The rents are never going down adjusted for inflation. People come here for the climate. In January, when everyone else is freezing in blue, south Florida is orange with a high of 80. That will never change, & why people are willing to be paid less working here.
Miami is for the rich and is a retirement city. Hence why many Floridians are moving back to the northeast where the wages are higher and can improve their living conditions
Scottsdale, Arizona is considered to be the *BEST* (affordable) place to rent an apartment/house in the US? Ummm…. the person who created this list, probably hasn’t visited Arizona, because Scottsdale is considered to be a very affluent part of town, and it’s extremely expensive to rent or buy, in that area. Scottsdale is a nice area, and I would feel relatively safe living there, but it’s not affordable. Even the neighboring cities, like Paradise Valley (which is a city that boarders Scottsdale), can be extremely expensive, and has some million dollar properties. Chandler, Arizona also wouldn’t be affordable, because Chandler boarders Tempe. Tempe is where the Arizona State University campus is, so you have a ton of college students looking to rent apartments close to campus, which will increase the prices in both Tempe and Chandler. Not the most accurate list, in my opinion.
yeah the list seemed backwards. it said Akron, Ohio was expensive and Irvine, CA was affordable. lol. they have it backwards. I am from Ohio, but live in CA.
@@Utubedeletescomments same house in Irvine is at least 5x more than Akron. Do you think a teacher or accountant in Irvine is making 5x what they would make in Akron? use your brain
@@Utubedeletescomments Except that they did not give specific numbers comparing income to rent. They want you to take their word for it, which you have done. Use YOUR brain.
Florida it’s a retirement state, it’s not a state where you can go find a good job and affordable houses,it’s a state where you go on vacation temporary and then get the hell out of there.
Period. It’s unfortunate so many people who’s born and raised there like myself they just don’t see a true future for themselves. They believe Florida is the end be all, and operate from a really low quality state of mind. They think they could struggle to live out there without a decent job then the brutal rains/hurricanes/tropical storms that brew monthly even outside of hurricane season. It’s always raining there or flash flooding but people will think it’s California weather.
1:58 "$6000 a month!!!" lol. That was NOT affordable even before the pandemic. I mean seriously, it's a bad example cause first off it's a house not an apartment. But even so affordable is like if rent is 1/3 your monthly income. So for $6000 a month to be affordable you'd have to already have an income of $18k a month meaning you'd have to have a salary of $216k per year. That is not remotely close to an average income.
For wealthy people in LA, San Fran, Miami and Manhattan it is normal...leave those cities to them....sadly now even my hometown Boston is trending that way...$200,000 for a household isnt totally crazy..granted, not the norm
I don't think she was being fully honest because she didn't want people to realize the discrepancy in inflation in housing prices is way overpriced, that house was probably like $4k pre 2020.
You know things are wrong when rent is higher than mortgage. You get nothing in return from rent, but the sacrifice to buy a house, if you can afford it or curse, cuz is getting out of control too, is in the long run.
If you can’t afford the new homeowners insurance rates how can you afford a mortgage payment? In SWF people are paying 6k to 15k a year now for homeowners insurance.
@@meroinheroinwhat are you talking about? Florida has never had a state income tax (the state constitution prohibits one). Florida’s base sales tax is 6 percent. If you’re paying 9 percent then I’m guessing you must be in Hillsborough (?) where they charge an extra 3 percent. Did I guess right?
@@sean2015 you're right friend, I mistook state income tax for federal (which we still pay) Also, I'm in Miami Beach where sales tax is 9% and Miami has a sales tax of 7% (I lived and grew up there + my parents live there so I regularly still shop there to save money.)
I thought she said that was a rental... A RENTAL. I get it if you have to be in Miami for the short term and your job is bankrolling your rent, but $9K for rent is unreal on a practical level.
There is something funny about that. The price tag is either fake or there is something very important they forgot to mention, like maybe it’s a vacation rental one block from the beach with a maid. In that case, $2.2k a week for a nice vacation rental is reasonable. But if that’s the case, then that’s entirely out of context.
Rents loosely reflect the house value and local market. I’d be curious to know what that house would sell for and what the mortgage would be for a standard 30 years with 20% down. If it’s a $2m house, we’ll, $9k isn’t terrible with today’s rates.
@@wturner777 Most Floridians can’t afford to leave. That’s why I abruptly left. I walked out my small studio apartment in early July to let go of it all. I was born and raised there. I took off to Georgia to find a cheaper living and finally a decent home to live without hurricanes coming yearly.
30 years ago. Bill Clinton was president Michael Jordan was playing IPhone wasn't even invented Marriages still mattered 30 years ago.....that was 30 years ago
Florida better be careful with this hypercapitalism. California, more specifically San Francisco was also once a really popular city and when the high rents became too much many became homeless and started to give the city a bad rep from what was previously a hotspot to move to.
@@ohnonono8195give it time. The Reagan tax cuts really made the state unaffordable for the working class. My family left California in 1975, and that was the big reason why they left. People from the east who had a bunch of money, bought a many houses they could, so people who we’re working class families we’re priced out. The California exodus has been around since the early 70’s. Florida is seeing the same thing that California went through.
@@underground9260I’m feeling it. Places in smaller towns were selling homes in the 100-200k range are now in the 400’s. Let’s not even talk about the metropolitan areas of south Florida.
The problem with the rental situation is the ballooning of the value of the property!!! Realtors along with property owners trying to make a killing are to blame. New construction overly priced in areas where residents are low income earner’s does not make any sense????? Truth be told!!!!
Irvine, CA has always been expensive not sure how it made the least of more affordable. It’s located in south Orange County which is very expensive to live!
It's crazy because the Miami area recently ranked one of the top cities that everyone is moving OUT of. So, there is inventory. This is all just greed.
But hey...at least the governor is doing important things like breaking the world record each week on how many times someone can say 'woke' in a sentence...
Damn, and my rent for a 3bed/3bath house in the SF Bay Area, CA is only $1950/month plus CA is rent control. My rent only went up $40 and my salary went up a lot too.
It stinks but as long as people keep paying and aren’t willing to leave all the big cities then rent isn’t going to go down. I’d leave and move to the countryside. $3,000 for rent? Forget that!
The issue is that no new homes have been built. Up until Kennedy, the government always built housing and wanted every American to have s house. Pretty much no new housing has been built for that past 50 years increasing demand with low supply means higher prices.
Irvine California has affordable rent? (1:08). Give me a break. Where did your TV news department get that information from? You'll be lucky to find a one bedroom for less than $3,000 per month.
Does the determination of "affordable" equate median income of the area compared to the avg or median rental costs? If so, I'm guessing the median income in Miami is lower than OC.
@@valdivia1234567 Good point, but asking someone if they're thinking of moving to a place with a higher median income to afford the median rent in the same area is assuming the person can immediately find such a job.
It's not supposed to be affordable. Developers chose Miami. Residents that used to live there are pushed out, have to move somewhere else. Billionaires don't care about your feelings.
Dozens of home insurance companies leaving the state. Hikes in FPL rates and car insurance and groceries. Most expensive housing market in the US and highest inflation. Yet many companies that were highlighted as moving here are paying low wages for office jobs.
Housing in other markets may be more expensive like California and New York but people on average get paid more. Nationally florida pays less than other states for the same job
I am packing up leave july 31. It is unlivable in Florida. Starvation wages. Thats a dagger for me. I know a high principal making 100k a year, did not qualify for a mortgage.
That questions I always have about Miami is what industries does the city have to support these high rents. How many Fortune 500 companies have offices there.
UH TOURISM, Lawyers helping criminals stay in business, Lawyers putting people away, Real Estate companies, Construction Companies, and a lot of Latin American companies like Goya, Del Monte, etc the headquarters are in Miami. Miami/ Doral is a major hub for car customization, transport, and trucking companies. Majority of Cruise lines have their headquarters here. The list goes on and not too mention drug traffickers and money launderers have business here
I am moving out of Miami on Saturday because our government failed us we were told a couple years back that action will be taken to make Miami more affordable we were told their would be an appraisal for every home in Florida both for Rent and Buying a house, apartment ETC. after the appraisal was done the owner of the property was not to exceed the amount given by the state to rent or sell their home otherwise their would be consequences such as fine's and violation fees this was never sought out and now we are living in this hell of a state with prices only the rich can afford i just bought my first home but its not in Miami is 2 hours away and is an inconvenience to me to have to live that far from the place i grew up and know everything about and have all my family at we have to put an end to this and make these prices fair poor neighborhood used to sell houses for $150,000 now those same poor neighborhoods have houses at the price of $478,000 for that same house that used to cost $150,000 3 years ago i saw 1 house at $700,000 and all these poor neighborhoods are whats called the hood when has anyone seen a house for $700,000 in a place where crack head roam the streets at all times dealers at every street come on now Florida do better
Flipping properties needs to be made illegal. Unfortunately it's the only way to ensure affordability in the USA and also prevent corporations from buying single family dwellings
Oh, by the amount they charge for rent, I thought the minimum wage was at least $30/hour. If not, how are these non- English speaking, non-citizens able to afford to live there, in Republican country? I think I answered my own question.
Greed Mongers right? Well, let me tell you something I just stumbled across recently. I rent in the Bluffton / Hilton Head Island, SC area and a new "scam" has arisen in that property managers in the area are now "mandating" that you have to have Renters Insurance, (which I get...somewhat), but the Insurance HAS to be with your local property management office...and NOT by an outside REGULAR insurance agency. In SC, this is highly illegal and is called a "tie-on". The dollar amount isn't that much, ($39.00 / mo, for me), but I also wonder why I'm paying what I am with yearly $100 rent increases each year over the past 4 years. My marginal advice? 1.) Check / read your lease agreement carefully before signing to make sure it's NOT "baked" into your rent. 2.) Call any local insurance agency and ask them if "tie-on's" are legal in your state. The rest of which I'll leave up to you as I'm just beginning to go through this myself. Point being, is that the legal-eze in rental agreements can be / and are extremely mis-leading. Good Luck ya'll. Life just keeps getting harder by the day.
@@timboc105 Oh don't even get me started. Back in 1993 you still sort of had a middle class down there and was relatively affordable. The Miami River used to be a low rent hangout for fisherman living on their boats. Not anymore.
DONT COME TO ARIZONA. WE DONT NEED OUR RENT GOING UP. PEOPLE PAYING $2500 A MONTH FOR 750 SQ FT APARTMENTS. IT ISN'T BETTER. GETTING WORSE EVERY DAY BECAUSE OF BS REPORTS LIKE THIS ONE.
It's because Rental Property owners are selling to younger potential Rental property owners and these younger owners are wanting to get rich quick so they're not going to do maintenance and just take more of your money.
@@wturner777 ' rent control ' imo, is part of the problem, regulation is the PROBLEM, .gov needs to get out of the way FIX YOUR OWN PROBLEMS ...you sound like someone that left ny and now you want the same kind of 'solutions' here, that made you leave there!
no. you need to move if you can't afford it. this is your problem, not your landlord's and not your employer's. take your broke self here to northern florida with me if you can't afford it there.
Highest rental rates in the country for the least amount of accommodations. $1,500 a month for a roach infested ghetto space in the Miami/South Florida area. You can buy 2 modest homes in El Paso, Texas for that kind of money. Highest HOA fees/Assesments on average in the country. All while willingly giving away all your rights over your own property. Fees so high they easily outpace the appreciation value of the property. You're losing money every month buying in South Florida. Highest auto insurance rates in the country. I.e. some young drivere are paying more than $700 per month. 40 year perfect drivers with no accidents and no tickets EVER, paying $250. Some of the highest road tolls in the country. Some people paying over $3,000 annually. Many of the highest state feee in the country for things like a license and registration. Some of the highest food prices in the country. THE highest hotel taxes in the country. One of the lowest average wages in the country. One of the biggest illegal immigrant population's in the country driving wages further down. Just a few of the outrageous, almost hidden cost for living in South Florida. In 20-40 years the entire place will be flooding on a daily basis anyway. So these things will be corrected by Mother Nature and Father Time themselves.
I was at the gas station and noticed a car full of belongings and a lady with her dog. I gave her $20 and she just started bawling and was extremely grateful. When I was in my 20’s I was homeless for 2 months and lived in my car. I know how it feels to be in that situation.
I always wonder how can the typical family with average income afford a higher rate+ more expensive home? in my area multi generational home is becoming the norm . Don’t forget to add the inflation which just this week was 9.1 on the CPI , producers index 11.3, it’s going to be a rough ride for sure
This is why being informed pays off. I see any financial market condition as a plethora to make wealth. I had my $80k diversified and it has grown by 3x in the past 7 months with compounding, venturing doesn’t necessarily boil down to funds but you also have to be informed, be patient and back it up with good guidance
@@AntonioBianh How did you get that, i'm pretty sure its not through the financial market because its punching everyone in the balls every single day.
Credits to Margaret Johnson Arndt, my financial advisor. who has always had my back all through the process of working and investing. You can glance her name up on the internet and verify her yourself. She has years of financial market experience.
Insightful... I curiously looked up her name on the internet and I found her site and i must say she seems proficient, thanks for sharing.
Ban corporations from buying residential housing.
That is the main problem that we have nation wide. Big corporations are buying up all the homes to rent them.
The problem is more foreign ownership/investment of residential property. Overseas people parking their money, and they may not even step foot in the condo. Outlaw those, and things will free up enormously.
Stop the government from selling our land..
It's the Chinese who are doing this where I live they have monopolized the housing market
Just move out and make them lose money
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
I have maintained contact with a financial analyst since the inception of my business. In today's dynamic market, the challenge lies in determining the opportune moment to purchase or sell when investing in trending stocks, a task that may seem straightforward but can prove to be quite challenging. With a portfolio that has increased by over $600k in a relatively short span of one year, I have delegated the responsibility of selecting entry and exit orders to my advisor.
@@james.atkins88 Do you mind sharing info on the adviser who assisted you?
@@rebecca_burns14 “Camille Alicia Garcia” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
@@james.atkins88 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
The wages in Florida are one of the lowest in the country yet the houses and rents in Miami and other cities nearby are one of the most expensive in the country. How does that make sense? How are the local jobs going to support convenience for residents of the people expected to work those jobs can’t afford to live in the area? Are they just employing rich peoples’ kids at all the businesses because adults aren’t available to work there? That’s going to be the only option going forward.
"employing rich peoples’ kids" lol! that's funny, rich people kids working ...don't they have more 'important' things to do?
No they will just expect to have 10 roommates in a small box studio apartment to split up the rent.
Illegal immigration - they need places to live but they also need to take the low wage jobs. Citizens compete with illegals for housing and jobs.
@@longbeach225 see, that’s the NYC model, and it works because of our infrastructure, people can work multiple jobs and get to those jobs quickly. I don’t think it’s gonna work in Florida. I’ve lived around Miami and i know that you need a car to really get around, the buses take forever, and what train?😂 smh
It makes sense when people worship garbage like desantis
It’s also the banks and investment firms like Southbys, BlackRock, and Berkshire Hathaway have bought many single family homes and are renting them
Yup sounds like a setup
Miami has turned into Honolulu. A playground for the rich/tourists where all of the poor locals work low paying service jobs like slaves serving the rich internationals and tourists, while they live in tiny apartments with 5 roommates to afford rent. It’s exactly like Hawaii.. There’s no economic opportunity in Hawaii outside of tourism and feeding the rich people who live there year around at fancy restaurants.
Miami is poor
I'm in miami and could not afford my house if i were house shopping right now. I moved here 25 years ago because of work and back then it was normal. A person with an honest job could buy a house and have a car payment etc and still have money left over. I cannot believe what people are paying for rent now. I feel so bad for locals. Yes it super nice and yes you may have grown up here but you know what's also nice? Eating. Go save a ton of money somewhere else then move here later.
I am in L.A. rent is expensive too even unlike Miami we are losing population here.
I hear ya, with the average person in Miami making high 40’s and household in the high 60’s it’s impossible to buy a home down here.
@@danpan001
They are running to Florida & Texas. That’s where those Californians are going to or they’re going to the DMV. Idc I would rather live in California than Florida because hurricanes are brutal.
@@gayelorde2577 everywhere is not labeled the most unaffordable city in the US, but Miami is.
@@gayelorde2577 what’s the average gross income for a single person and a household? What are the price ranges for homes up there? It’s funny you say that when various articles state the same and people from NJ and NY are leaving and using their money over here.
Just moved out of Florida. Lived in nice neighborhood in North Miami. When doing my finances and projecting my future I decided to move. It’s come to a point in South Fl that people have to decide if they should eat or pay they’re light bill after rent. This is no way to live. And yes crime is bad now. Did I mention bad drivers and bad traffic all the time.
I moved from Massachusetts to Miami and my income dramatically Increased from better paying job, I pay less in rent than I did up north, I can go swimming everyday. Literally going south of Miami to Cutler Bay or Homestead is still affordable. I love it here and would never move back up north. It’s also very boring pretty much in every small town I lived in from North Carolina to Massachusetts, basically people just drink and get fat from the lack of warm weather to want to be active. Oh and the amount of feminists and pink haired/blue haired man hating women is dramatically increasing so being a fit and masculine man, I met some of the most trash women up north. I can literally go out of the house now and find a beautiful Latina girl at a nightclub and dance with her tonight. That’s also a huge motivator for single wealthy guys to move from there boring towns.
Crimes and bad driver was always a part of south Florida.
100%
@@PaulAllen786you’re the exception. The majority of locals in Miami pay over 70 percent of their income in rent due to the mass influx of people from out of state driving up the housing and rental market.
@@Ja56780 understood. And that’s rough, I do feel sorry for those who have to choose between food and rent.
I’m not immune to that possibility either. Good point sir
What the hell do these people do that they can spend 3,4 or 5 thousand a month on rent?
I know right! I’ve been in south FL all my life and have never had a job making that type of money
Working on the main industries:
Prostitution and drugs.
Exactly
@@yomismo6969Big Facts!
Drug lords and smugglers.
How TF are any of these people affording $3,000 a month rent with Florida jobs, must be a lot trust funders from Latin America.
Moving that coke is what he is doing...lol
Drug trafficking, Onlyfans, successful TH-camrs, and the trust fund kids.
Plus, South Florida has always been the 2nd home for the filthy rich from Manhattan, Boston, etc. And with COVID, a lot of remote workers moved there permanently. So they are not relying on the local economy for employment.
A couple can do it. If they're both a working college grads
3,000 rent is too much for Miami
Miami & surrounding cities have a lot of cheap housing etc ….not everybody in Miami lives in Pent houses etc.
I live in TN, never seen so many FL license plates in my life. Now I see why.
Man these folks needa stay outta Tennessee😭
I move from Los angeles to Memphis don't regret got a lot of home for the price. Plenty of jobs just stay away from the wrong areas can be very violent here.
@@felipenunez2058 I was just in Memphis for the first time a few weeks ago. Definitely can get a house for cheap. But the crime rate, yikes.
@@felipenunez2058 Memphis is beautiful if you away from the ghetto
@@rexx9496 the crime is highly concentrated in some neighborhoods. Not all of memphis is bad. Downtown Beal st gets heavily policed.
This report is 100% accurate, I live in Miami and see this every day. Some people can’t afford to live here, they just don’t make enough and they are royally screwed. As cold as it sounds those individuals should consider moving because it’s not going to get any better. We are getting over 1000 people a day moving to Florida, most of those come to south Florida which means rents will get more expensive. It is about supply and demand. 100 applicants for every empty apartment and landlords are greedy.
Sounds like basic economics to me.
@@dezznutz3743Hyper capitalist economics. Which aren't sustainable and will lead to an LA like homeless population.
Nah people are moving here from other states.
Sounds like America.
I had to move from Ny to sw Ohio for cheaper rent
I was a real estate agent from 2012 to 2017 and I saw a this trend of out of state buyers and corporations buying up property and flipping them. Neighborhoods were getting gentrified and I was trying to encourage my clients to buy property because renting was going to be a nightmare. Its sad what some of these developers have done because now its really difficult. Florida has one of the least affordable markets, but doesn't pay NY or CA wages. I'm glad that I was able to get my family into a nice home that they're comfortable with. In the meantime, I'm just waiting for the entire house of cards to fall so that we can start buying property again.
Those are Manhattan prices. Even parts of Brooklyn are cheaper than living in Miami. People don't make as much money there so how are working class people supposed to live there? This should be the first question during the debate to knock the governor out of the primary debates.
roommates
@@FloridaMan69. not everyone wants to be Peter Pan. Some want to grow up and have a family. Roommates are great if single or in college.
We don’t make as much up here the cost is horrible plus the taxes on the paycheck are worse we have state tax you guys don’t. I moved to New Jersey I pay $1400 for a 2 bedroom. Love it
@@samthepoet107hat’s why many need to relocate. I feel a great migration of the 2020s is going to happen in the south. I was born and raised in Fort Lauderdale but didn’t come from the wealth side or beaches. Rough upbringings and I couldn’t pursue my goals out there. Florida isn’t the state to build a new family life or a successful career. Most will straddle the fence of Florida draws and don’t truly realize the climate there is horrifying to. No one wants to keep dealing with hurricanes like that and most can be deadly. I thank god the rose colored glasses are gone and I’ve been set free to pursue the life I always wanted. It’s hurt not the state for that fairytale like and america need to take a deeper look into Florida not the beaches/palm trees.
@@Fourwindsofsuccess your comment is totally opposite from the governor there who paints a rosy picture and is running high in the polls in Florida. I've been there a number of times all the way from St. Augustine to Disney, Fr. Lauderdale, the two Miami , all the way down to the Florida Keys. It's definitely not breezy like Caribbean weather. It used to be affordable. Then so many investors moved in there pushing the price of real estate up. But with constant hurricanes, flooding and bad weather insurance companies are leaving while I heard that one has to have home insurance. It's definitely not a place to live if one only has social security income.
I love Miami. I had to leave because I couldn’t buy a home as the home prices, taxes, HOA fees and insurance are very high. Now I live in NC as prices are more affordable.
that's probably why I see so many Floridians in NC. I was shocked at first.
@@thanosianthemadtitanic
Most floridans are sneaking out especially us who’s were born and raised. There are going to be so many that will suffer because of that weather is brutal there and I’m not talking about the sun. Florida get the most hurricanes/floodings. It’s going to get worst so nobody should be living there forever. So many floridans will go to Georgia or the Carolinas or California/or Arizona. Some may go to Texas but I would never want to live in Texas because of the hurricanes as well. If anything Floridians should escape states in a direct hurricane path (death zone).
It seems like everybody comes to NC,there are a lot people from New York that move to NC too.
@matthewclinkscales9641 it's one of the fastest growing states in the nation especially the raliegh Durham area
Everyone is trying to get rich quick.
Yup, I just can't wait until the house of cards falls.
Being rich is a beautiful thing but why move to a state that’s a death trap aka hurricane zone. It’s dumb that you spend money and your home could possibly be swept away. It don’t make since why people pick Florida. When I’m wealthy I rather Santa Barbara, CA not Florida any where there.
@@Fourwindsofsuccess You really think Liberal Commiefornia is better? Your property taxes are going to be insane.
I made more on OnlyFans in a month than I did with my full time job in Florida.
@@realtalk1310 I lived in FL and CA and I found CA more affordable. My wages in FL was 60% less than what I made in CA and my rent in south FL was 55% more than my rent in CA.
There is constant landscaping noise everywhere you go in Miami. It's not enjoyable to walk around in Miami neighborhoods because almost everyone speeds, runs red lights, drives through stop signs and makes extremely loud noise with their cars and motorcycles. There are cops everywhere but they don't enforce traffic violations.
@@Lorenzo-wl5xt NO, they're not. You need to educate yourself.
@@gayelorde2577 No, it's almost everyone, dingus.
😂😂😂
@@meowchael1 yup
@@meowchael1 Iive in Cape Coral where it's majority white and you don't see this. So he is not wrong.
Lived in miami, miami beach, ft Lauderdale for almost 40 years. Last 11 years disabled. I had it together, had a great landlord, and nice neighbors in north beach. Landlord sold, my lease was up and rents were now out of my reach. 61 and moved back to new jersey and near family
@@Utubedeletescomments I did own, a condo. It was a negative experience, other owners have their own agenda, people in charge of the hoa fees can screw around with the cash, things that need upkeep are overlooked. Couldn't wait to get out of that situation. When renting, anything happens just call the landlord...
Insurance, property taxes and HOA fees are up as well. Makes rent go up.
Bullshit.its all about greed.
@fladave99with $4500 you can rent a 3 bedroom house out here in L.A.
Yeap. Landlords aren't going to eat the cost, lol.
They always pass everything through.
you forgot to mention greed on that list ^_-
No one is going to point out the truth?! It’s rich Latin Americans moving to Miami or building their second home that is artificially inflating the prices of housing. This has been going on for decades
You rarely ever see rich Latins in NY. Cause the policies there keep them no better than upper middle class at best.
@@marctorres2759on what evidence
Who's building? Where is there area to build?
@@raffpants618Cubans and other Latinos (Venezuelan, Argentinean etc identify as white .
It's just rich people ruining it for everyone, race doesn't matter.
I thought I would never leave Florida. I’m getting out here sooner than later if things don’t change for the good.
You can start packing
About to get worse now that insurance companies are dropping home owners coverage
Rents today are bigger than mortgage payments of just a few years ago. Housing is now a luxury thanks to the "free market".
Have you seen the housing in any of the places that don't have a "free market"? Our government supplies those in the form of section 8 here. The quality is not much different.
@@saywhatnow57 No, some cities/states cap the percentage on how much a Landlord can raise rent from year to year. Places that don’t have a cap allow landlords to triple rent from one year to the next. So people have to keep moving every year or they have to stick with sky high rent if they want to stay a second year. Section 8 is entirely different, it’s for poor people. But non-regulated rent affects virtually everyone. It’s obnoxious and it is also what is allowing rents to balloon the way they are ballooning.
By free market you mean extreme government intervention and PPP loans granted to Americans wealthiest who bought up real estate. I got you
Rent should never be less than a mortgage ❤. Owner should just sell a losing investment 😮
@@captng you're making the assumption that rentals are mortgaged. Most rentals have large amounts of equity that would require a smaller, or no mortgage at all...
So glad that the pain is shared across the states. Thank you America
You mean thank you Biden
@@andretigiovaneti7587 i'm sorry I can't hear you over DeSantis's stunt, and trumps convictions😂
@@andretigiovaneti7587thank you DeSantis….apparently Florida is worse than California.
Your fly is down FL.
@@andretigiovaneti7587desantis you mean.
Florida is the worst place to live thanks to DeSaster.
I live in Jacksonville Florida and live in a two bedroom two bath apartment for $1550 a month. I just think Rent is expensive all over the state of Florida.
1550 is not bad at all for a major city
FLORIDAS CRIME CENTER IS JACKSONVILLE
Great video! it is challenging to make precise predictions for the housing market as it is still uncertain how swiftly or to what extent the Federal Reserve can decrease inflation and borrowing expenses without causing a significant drop in demand from buyers for everything from houses to automobiles.
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The rents are double, the pay is half. Whatever you do for income, you will earn less of it working in South Florida. The rents are never going down adjusted for inflation. People come here for the climate. In January, when everyone else is freezing in blue, south Florida is orange with a high of 80. That will never change, & why people are willing to be paid less working here.
Miami is for the rich and is a retirement city. Hence why many Floridians are moving back to the northeast where the wages are higher and can improve their living conditions
For rich Democrats fleeing the high taxes, cold weather and toxic leftist politics of the Northeast.
Miami Is poor
Scottsdale, Arizona is considered to be the *BEST* (affordable) place to rent an apartment/house in the US? Ummm…. the person who created this list, probably hasn’t visited Arizona, because Scottsdale is considered to be a very affluent part of town, and it’s extremely expensive to rent or buy, in that area. Scottsdale is a nice area, and I would feel relatively safe living there, but it’s not affordable. Even the neighboring cities, like Paradise Valley (which is a city that boarders Scottsdale), can be extremely expensive, and has some million dollar properties. Chandler, Arizona also wouldn’t be affordable, because Chandler boarders Tempe. Tempe is where the Arizona State University campus is, so you have a ton of college students looking to rent apartments close to campus, which will increase the prices in both Tempe and Chandler. Not the most accurate list, in my opinion.
yeah the list seemed backwards. it said Akron, Ohio was expensive and Irvine, CA was affordable. lol. they have it backwards.
I am from Ohio, but live in CA.
yea when I lived in Phoenix there was no way I could afford Scottsdale. Maybe they mixed up the list?
@@Utubedeletescomments same house in Irvine is at least 5x more than Akron.
Do you think a teacher or accountant in Irvine is making 5x what they would make in Akron?
use your brain
How can you expect an accurate list from main stream media? Of course, there is an agenda. Always.
@@Utubedeletescomments Except that they did not give specific numbers comparing income to rent. They want you to take their word for it, which you have done. Use YOUR brain.
Florida it’s a retirement state, it’s not a state where you can go find a good job and affordable houses,it’s a state where you go on vacation temporary and then get the hell out of there.
Period. It’s unfortunate so many people who’s born and raised there like myself they just don’t see a true future for themselves. They believe Florida is the end be all, and operate from a really low quality state of mind. They think they could struggle to live out there without a decent job then the brutal rains/hurricanes/tropical storms that brew monthly even outside of hurricane season. It’s always raining there or flash flooding but people will think it’s California weather.
Even if i could afford that i refuse to pay that much. Outrageous
1:58 "$6000 a month!!!" lol. That was NOT affordable even before the pandemic. I mean seriously, it's a bad example cause first off it's a house not an apartment. But even so affordable is like if rent is 1/3 your monthly income. So for $6000 a month to be affordable you'd have to already have an income of $18k a month meaning you'd have to have a salary of $216k per year. That is not remotely close to an average income.
For wealthy people in LA, San Fran, Miami and Manhattan it is normal...leave those cities to them....sadly now even my hometown Boston is trending that way...$200,000 for a household isnt totally crazy..granted, not the norm
Note: not everyone gets paid normal salaries
I don't think she was being fully honest because she didn't want people to realize the discrepancy in inflation in housing prices is way overpriced, that house was probably like $4k pre 2020.
You know things are wrong when rent is higher than mortgage. You get nothing in return from rent, but the sacrifice to buy a house, if you can afford it or curse, cuz is getting out of control too, is in the long run.
If you can’t afford the new homeowners insurance rates how can you afford a mortgage payment? In SWF people are paying 6k to 15k a year now for homeowners insurance.
Rent has always been higher than a mortgage for a multitude of reasons.
I guess Floridians will never learn that *warm winters* and the *lack of a state income tax* don't automatically make you rich.
Doesn’t it 😒
@@rainacherienne1010 you from Florida ?
@@sean2015uh.. we have income tax? Also 9% sales tax in my part of FL
@@meroinheroinwhat are you talking about? Florida has never had a state income tax (the state constitution prohibits one).
Florida’s base sales tax is 6 percent. If you’re paying 9 percent then I’m
guessing you must be in Hillsborough (?) where they charge an extra 3 percent. Did I guess right?
@@sean2015 you're right friend, I mistook state income tax for federal (which we still pay)
Also, I'm in Miami Beach where sales tax is 9% and Miami has a sales tax of 7% (I lived and grew up there + my parents live there so I regularly still shop there to save money.)
Did that fool say that four-bedroom house was $9000 a month😂😅 😝
Dammmm sonnnnn!
I thought she said that was a rental... A RENTAL.
I get it if you have to be in Miami for the short term and your job is bankrolling your rent, but $9K for rent is unreal on a practical level.
There is something funny about that. The price tag is either fake or there is something very important they forgot to mention, like maybe it’s a vacation rental one block from the beach with a maid. In that case, $2.2k a week for a nice vacation rental is reasonable. But if that’s the case, then that’s entirely out of context.
They are out of their minds
Fo sho
Rents loosely reflect the house value and local market. I’d be curious to know what that house would sell for and what the mortgage would be for a standard 30 years with 20% down. If it’s a $2m house, we’ll, $9k isn’t terrible with today’s rates.
I’m in California welcome to the party Miami. 🎉 My rent for my 2 bed 2 bath 1140 sq ft in San Francisco Bay is 4100 a month.
The worst part about it is our wages are extremely low.
Florida is one of he worst places to live thanks to DeSaster.
Exactly. I'm seriously considering leaving the state, but I can't afford to right now.
@@wturner777
Most Floridians can’t afford to leave. That’s why I abruptly left. I walked out my small studio apartment in early July to let go of it all. I was born and raised there. I took off to Georgia to find a cheaper living and finally a decent home to live without hurricanes coming yearly.
@@Fourwindsofsuccess That's great. I'm so happy it all worked out for you. Most people aren't so lucky though.
Just 20-30 years ago, Miami was one of the most affordable cities.
30 years ago.
Bill Clinton was president
Michael Jordan was playing
IPhone wasn't even invented
Marriages still mattered
30 years ago.....that was 30 years ago
and south beach was classier
@@jasonsmith530 south beach is now full of trashy beach goers with skimpy bikinis and men with tight speedos
1:20 - I feel the same way out here in Cali. I love it out here. Finding the perfect place for YOU is subjective.
Florida better be careful with this hypercapitalism. California, more specifically San Francisco was also once a really popular city and when the high rents became too much many became homeless and started to give the city a bad rep from what was previously a hotspot to move to.
Wayyyy to hot in Miami for increase of homelessness to be visible like san francisco
@@ohnonono8195give it time. The Reagan tax cuts really made the state unaffordable for the working class. My family left California in 1975, and that was the big reason why they left. People from the east who had a bunch of money, bought a many houses they could, so people who we’re working class families we’re priced out. The California exodus has been around since the early 70’s. Florida is seeing the same thing that California went through.
@@ohnonono8195not true, I’ve noticed an increase of the homeless population in the streets of Miami from 2020 to now.
@@underground9260I’m feeling it. Places in smaller towns were selling homes in the 100-200k range are now in the 400’s. Let’s not even talk about the metropolitan areas of south Florida.
That’s how crime starts to. Florida form rates increased and been increasing since the 2000s.
Not just housing. The cost of goods and services there is also nuts.
The problem with the rental situation is the ballooning of the value of the property!!! Realtors along with property owners trying to make a killing are to blame. New construction overly priced in areas where residents are low income earner’s does not make any sense????? Truth be told!!!!
Irvine, CA has always been expensive not sure how it made the least of more affordable. It’s located in south Orange County which is very expensive to live!
Across the country red/blue state most people are struggling to pay rent cause of corporate greed 🤦🏿♂️
It's crazy because the Miami area recently ranked one of the top cities that everyone is moving OUT of. So, there is inventory. This is all just greed.
Lived in FL for 7 years - Boca Raton, West Palm, Windermere (Tiger Wood town). Love’d it but had to move because it was tooooo hot and humid.
This guy knows speakers
Feels like that in Atlanta as well!
But hey...at least the governor is doing important things like breaking the world record each week on how many times someone can say 'woke' in a sentence...
Yup my rent last year was $2050 in Fort Lauderdale and now my same floor plan is going for $3k. It’s wild
3k a month for rent God damn smh
Damn, and my rent for a 3bed/3bath house in the SF Bay Area, CA is only $1950/month plus CA is rent control. My rent only went up $40 and my salary went up a lot too.
True every where ! We in a mess every where.
It stinks but as long as people keep paying and aren’t willing to leave all the big cities then rent isn’t going to go down. I’d leave and move to the countryside. $3,000 for rent? Forget that!
Facts.
It's insane, right?
As a landlord this almost made me choke.🤢😵💫
My jaw hit the floor
The issue is that no new homes have been built. Up until Kennedy, the government always built housing and wanted every American to have s house. Pretty much no new housing has been built for that past 50 years increasing demand with low supply means higher prices.
Toronto, Ontario rent is just as steep. Hell, I witnessed a lone parking spot in downtown Toronto with a 4 figure $ amount for lease a month.
What if you move to Edmonton? I heard houses are cheap down there
Irvine California has affordable rent? (1:08). Give me a break. Where did your TV news department get that information from? You'll be lucky to find a one bedroom for less than $3,000 per month.
Yeah 2,800 is crazy that’s the cheapest I see says that’s in el Camino
Does the determination of "affordable" equate median income of the area compared to the avg or median rental costs? If so, I'm guessing the median income in Miami is lower than OC.
I believe they have so many “affordable housing” that balances out their cost sheet
@@valdivia1234567 Good point, but asking someone if they're thinking of moving to a place with a higher median income to afford the median rent in the same area is assuming the person can immediately find such a job.
Cheaper in Santa Ana. And totally safe.
3k per year is equivalent to 650k in South Africa - you can literally buy/build a modern masterpiece home here
You mean 3k per month
@@straightlead8 yes sir but annually its 650k in Rands in South Africa you could literally buy a new Audi A5 or 4
NY and Cali is like "Ohhhh yeeeeah! They're not talking about us anymore!" 😂
It's not supposed to be affordable. Developers chose Miami. Residents that used to live there are pushed out, have to move somewhere else. Billionaires don't care about your feelings.
Dozens of home insurance companies leaving the state.
Hikes in FPL rates and car insurance and groceries.
Most expensive housing market in the US and highest inflation.
Yet many companies that were highlighted as moving here are paying low wages for office jobs.
Housing in other markets may be more expensive like California and New York but people on average get paid more. Nationally florida pays less than other states for the same job
Thank God I moved out of Miami years ago & never looked back.
BABYLON! The US is modern day Babylon...those who know, KNOW! I love the anchor didnt try to change his accent. Love it. You betta speak!!❤
Yeah, Meatball is fixing so many problems in Florida. Too bad his fixes don't help anyone.
@@RickRoth-qu3pj I don't know since the use of that term apparently means a million different things.........
0:17 She's so EXCITED that rents are so high and unaffordable.
She’s most likely has a side business outside of her fake news reporting job
Keeps the poor out.
$4k a month for rent? That's more than my 15 year mortgage payment!!! Sheesh!
They should have a limit of the rent ppl put
This is ridiculous
don't worry, DeSaster is going to fix it with woke laws 🤡
I am packing up leave july 31. It is unlivable in Florida. Starvation wages. Thats a dagger for me. I know a high principal making 100k a year, did not qualify for a mortgage.
Damn, almost $10K a month to rent that house. That’s crazy. Most mortgages don’t even come that close.
That questions I always have about Miami is what industries does the city have to support these high rents. How many Fortune 500 companies have offices there.
It's all hype.
My home state has only one industry: health insurance fraud
UH TOURISM, Lawyers helping criminals stay in business, Lawyers putting people away, Real Estate companies, Construction Companies, and a lot of Latin American companies like Goya, Del Monte, etc the headquarters are in Miami.
Miami/ Doral is a major hub for car customization, transport, and trucking companies. Majority of Cruise lines have their headquarters here. The list goes on and not too mention drug traffickers and money launderers have business here
Wouldn't move to Miami even if I was filthy rich!!Would much rather move to Myrtle Beach which is much more affordable.
The only reason for this is GREED.
Let's be nice and let you get that South Beach apartment for $500 a month .
Every single one of us is greedy, it's just a matter of degree.
Man I live in Tijuana Mexico... My rent is only $350 a month.
I’ve never heard Irvine be called affordable
I am moving out of Miami on Saturday because our government failed us we were told a couple years back that action will be taken to make Miami more affordable we were told their would be an appraisal for every home in Florida both for Rent and Buying a house, apartment ETC. after the appraisal was done the owner of the property was not to exceed the amount given by the state to rent or sell their home otherwise their would be consequences such as fine's and violation fees this was never sought out and now we are living in this hell of a state with prices only the rich can afford i just bought my first home but its not in Miami is 2 hours away and is an inconvenience to me to have to live that far from the place i grew up and know everything about and have all my family at we have to put an end to this and make these prices fair poor neighborhood used to sell houses for $150,000 now those same poor neighborhoods have houses at the price of $478,000 for that same house that used to cost $150,000 3 years ago i saw 1 house at $700,000 and all these poor neighborhoods are whats called the hood when has anyone seen a house for $700,000 in a place where crack head roam the streets at all times dealers at every street come on now Florida do better
You ever think of moving back to your home country?
Don't come to Atlanta. Housing costs are already high and we're full. Y'all stay down there
Funny so many people from Miami are moving to Atlanta and Georgia.
Florida is full too and infested with invasive species transplants..
Spoiler alert, guess where tens of thousands are heading after the next Cat 3 blows through?
I’m a Miami native. I moved out of FL in 2006 and haven’t looked back. It was a terrible place then and it’s an even worse place now.
Flipping properties needs to be made illegal. Unfortunately it's the only way to ensure affordability in the USA and also prevent corporations from buying single family dwellings
Dade county needs to raise the minimum wage to $15/hour.
Still not enough for rent
@@dachicagoan8185 It's a start.
Oh, by the amount they charge for rent, I thought the minimum wage was at least $30/hour. If not, how are these non- English speaking, non-citizens able to afford to live there, in Republican country? I think I answered my own question.
@@GribMee-kv5gj They rigged the system for themselves only that's how. Very tribal like population in that crap hole town.
@@GribMee-kv5gj they can't afford it. That's why there are 10 people sharing a 2 bedroom apartment.
I sold my condo in Miami in 44 days, I bought a house in Central small town Florida
Miami is beyond overrated
My mortgage, taxes, HOA, Insurance and utilities is 900 a month and I am grateful.
You buy your house 20 years ago plus you might live in a 2 bedroom
@@Omarbrown204in the backwoods way away from society
Greed Mongers right? Well, let me tell you something I just stumbled across recently. I rent in the Bluffton / Hilton Head Island, SC area and a new "scam" has arisen in that property managers in the area are now "mandating" that you have to have Renters Insurance, (which I get...somewhat), but the Insurance HAS to be with your local property management office...and NOT by an outside REGULAR insurance agency. In SC, this is highly illegal and is called a "tie-on". The dollar amount isn't that much, ($39.00 / mo, for me), but I also wonder why I'm paying what I am with yearly $100 rent increases each year over the past 4 years. My marginal advice? 1.) Check / read your lease agreement carefully before signing to make sure it's NOT "baked" into your rent. 2.) Call any local insurance agency and ask them if "tie-on's" are legal in your state. The rest of which I'll leave up to you as I'm just beginning to go through this myself. Point being, is that the legal-eze in rental agreements can be / and are extremely mis-leading. Good Luck ya'll. Life just keeps getting harder by the day.
this was new to me when I rented an apartment in SWFL. They want this insurance to cover THEIR property.. my personal property is not covered!!
A crowded city like Miami is a sad place to live. I would never leave Palm Beach for Miami.
theres a lot of reggaeton there and hispanics like it
"Migration of people from up north"...Make that the entire world.
San Francisco / San Jose: hold our beers.
HIALEAH? LoL why the f is Hialeah expensive?
Good question!
Why would anyone want live there not what it was , I don't even like visit .
Me either it's a high dollar crap hole..Last time I was there was 1993 and told myself Never coming back..
@@timboc105 And it's so much worse now than it was in 1993.
@@thedirtybubble9613 I can only imagine
@@timboc105 Oh don't even get me started. Back in 1993 you still sort of had a middle class down there and was relatively affordable. The Miami River used to be a low rent hangout for fisherman living on their boats. Not anymore.
@thedirtybubble9613 Yup I Bet..now Sarasota and Anna Maria area is a joke now too
Woooo, I thought the West Coast was bad, congratulations...😄
Thanks Joe
DONT COME TO ARIZONA. WE DONT NEED OUR RENT GOING UP. PEOPLE PAYING $2500 A MONTH FOR 750 SQ FT APARTMENTS. IT ISN'T BETTER. GETTING WORSE EVERY DAY BECAUSE OF BS REPORTS LIKE THIS ONE.
Oh, thanks for letting me know. Heading to Arizona as we speak. I'm also going to tell all my friends plus the media
@@Eddard-k9x Good luck. It was hot as hell Thursday. Gonna be worse today.
It's because Rental Property owners are selling to younger potential Rental property owners and these younger owners are wanting to get rich quick so they're not going to do maintenance and just take more of your money.
lmfao Ain’t nobody from Florida gonna move to 116 Fahrenheit desert bs city Arizona.
edit: 117 F this week, no thanks, pass.
@astralprojection28 like Arizona is appealing? 🤣👍
Now the Gouverneur has turned FL in a high rent and low income state.
It's the lack of rent control in the state which causes landlords to jack up rent like crazy.
@@wturner777 ' rent control ' imo, is part of the problem, regulation is the PROBLEM, .gov needs to get out of the way FIX YOUR OWN PROBLEMS ...you sound like someone that left ny and now you want the same kind of 'solutions' here, that made you leave there!
Couldn't pay me enough to live there lol
Good
✌️
💯 on point!! They need to bring wages up or rent control because this is getting out of hand
no. you need to move if you can't afford it. this is your problem, not your landlord's and not your employer's. take your broke self here to northern florida with me if you can't afford it there.
4,000 a month!!! Goodness 🤯⁉️
Highest rental rates in the country for the least amount of accommodations. $1,500 a month for a roach infested ghetto space in the Miami/South Florida area. You can buy 2 modest homes in El Paso, Texas for that kind of money.
Highest HOA fees/Assesments on average in the country. All while willingly giving away all your rights over your own property. Fees so high they easily outpace the appreciation value of the property. You're losing money every month buying in South Florida.
Highest auto insurance rates in the country. I.e. some young drivere are paying more than $700 per month. 40 year perfect drivers with no accidents and no tickets EVER, paying $250.
Some of the highest road tolls in the country. Some people paying over $3,000 annually.
Many of the highest state feee in the country for things like a license and registration.
Some of the highest food prices in the country.
THE highest hotel taxes in the country.
One of the lowest average wages in the country.
One of the biggest illegal immigrant population's in the country driving wages further down.
Just a few of the outrageous, almost hidden cost for living in South Florida.
In 20-40 years the entire place will be flooding on a daily basis anyway. So these things will be corrected by Mother Nature and Father Time themselves.
But hey, per capita, you're the least taxed state (not counting fees and tolls, which they don't).
Nobody is moving to El Paso... Houses are cheap there because the place is a dump...
MIAMI CRIME CAPITAL WOUND'NT LIVE THERE FOR FREE
Imagine a city that has rents unaffordable than California
are you sure, Irvine, CA is one of the affordable cities to rent in the US, really?
Insurance is high so rent is high.
Sounds like a desantis problem. Soon the homeless will come and live.
Homelessness is already a problem in every state. I live in Pensacola and we still have a homeless problem.
Talk all you want about Illinois. Even with the higher property taxes, it’s still more expensive to live in Florida, than it is there!