3 Florida Cities Where Home Prices Will Plummet!
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- เผยแพร่เมื่อ 4 ก.ค. 2024
- 3 Florida Cities Where Home Prices Will Plummet!
Brant Peacher Florida Real Estate Agent | Agent License # SL3441599
Shoot me an email if you have any questions about the Florida Gulf Coast. brant@adoorrealestate.com
Send me a text 850-450-3878
Visit our website movingtothegulfcoast.com
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I have been following your channel i must say i love the houses and they are worth it, soon i will come to patronise you, but here I bring you good news, I'm 47yrs old $73,000 biweekly and I'm retired, this video have inspired me greatly in many ways!!!
Awesome how do you make such monthly, am a born Christian and sometimes I feel so down 😭 of myself because of low finance but I still believe God😞
It's Maria Angelina Alexander doing she's changed my life. A BROKER- like her is what you need.
I know that woman (Maria Angelina Alexander)
If you were born and raised in new York you'd know too, she's my family's Broker for 3yrs till now and a very good one if you asked me. No doubt she is the one that helped you get where you are!!!!
$700K monthly is something you should feel differently about....
John’s pass is not in Tampa it’s St Pete, the beach you posted is also not Tampa it’s St Pete up towards Clearwater
I bought a house in interbay tampa in 1985. Paid 35 thousand dollars for it. Today this same house is for sale at 620.000 thousand dollars. And this house only has 1 bath and only 1300 sq ft. The world has gone crazy.
Here in Port Charlotte/Punta Gorda...FEMA extended the flood zones. Now homes that were in X flood zones are now having to purchase flood insurance on top of astronomic home insurance...
I live in Cape Coral and my insurance Doubled because of FEMAs BS. I paid off my house and will opt out of it when it's time to renew.
That’s a federal agency. They need everyone to pay into the pool so they have money to pay the claims. The mortgage companies have to MAKE you buy the insurance or if you have a flood the federal penalize the lender and deny guarantee claims for nonpayment. If you have no loan on the property you can refuse the new requirement as you most likely will never have a claim (just a premium to pay) in your or your children’s lifetime. If you live in coastal areas near the ocean or gulf you should carry flood insurance whether you have a mortgage or not.
@@jsd354 you are partially right. Citizens is now requiring flood if you are in a flood zone...Cash or mortage..doesn't matter. They do this to mitigate losses by diverting some claims to flood...or Federal as you say. Once the big insurers see that Citizens is saving money by letting the FED pay claims, it only makes sense that they (the Big Insurers)will follow suit very soon. I may be wrong but it's what I see happening.
Extend that up to Bradenton / Sarasota. Same thing happening here
But but who's gonna buy those million dollar condos on main Street Sarasota or those Mcmansions on lido and siesta key Beach for 35 million dollars lol. Ain't nobody gonna be able to afford the area since the service industry downtown is gonna get destroyed with massive increase in rent, insurance, taxes and HOA dues ): when the hurricanes hit it's gonna break the local economy and force everyone to sell out and leave
I been in central FL for the past 32 years , rents jump almost 3000 a month, scary because I’m renting I could be sleeping in my car with my wife soon if this keep going up , 🤷♂️ I’m out of here I’m living on a melting pot of idiots moving here with bad manners
Iam with you. Been in Kissimmee all my life and now population is out of control, now my work commute which was 10mins turned into 40 mins and property taxes has gone way up. Iam out
Florida can't get transportation issues improved like other major cities, there is no way to have a subway system or bridge over passes so you wouldn't need to wait for an hour long trains to go by.
Florida also doesn't provide enough resourses within a walking distance to sustain a normal way of life.
SWFL is so cucked for cars and trucks and the idiots wonder why there's traffic
true. Cape Coral has everything you could need, but you have to drive all over to get to it. No area in the cape is walkable for "downtown liviing" unless you want to buy one of those new condos they are building on Cape coral Parkway.. and they are going to be very pricey.
I used to live in Volusia County from 89'-98' and used to drive over to Clearwater/St. Petersburg, and the traffic coming out of there at rush hour was absolutely horrible even back then.
I sold my home close to the top of the market in the Florida Keys. I made a smart move. Crime was high. Lots of people were carrying guns. My property taxes are 1/2. My homeowners insurance is 1/3. Water and sewer bill went from $500 to zero. No traffic at all. I have an 80 mile view, deer in my yard and no neighbors. Florida has gone to crap.
Which state did you choose to move to? I live in hillsborough county and I’m considering moving
We are looking at moving away from Clearwater to NC or TN. Too expensive and too crowded here now.
It's so sad what happened to FL. Paradise gone .
Great video! West Palm Beach inventory is exploding too. Work your butt off yet still feel poor. So over it.
Live in west Palm Beach also , fucking mad
Family moved to West Palm in 1965 I was 11. Military Trail was western boundary. Fast forward to 2000's it turned into a 5 star rat hole. Great growing up in uncrowded Florida parents new house was $16,500. I couldn't wait to get out we retired to rural Georgia on a 135 acres building brick house in county with 25,000 people. People are polite and aren't pushy, loud, don't act out. I grew up in a small town in Pennsylvania. I'm not against diversity but when I am the minority I want to be with my own kind. Great deer hunting.
@robertmanley2687 I grew up in this 5 star rat hole, came here in the 70s man it's really changed big time to much to so
You guys don’t want to buy a $2MM home that was $500K 2-3 years ago and flipped 3 times since then? you better hurry!
People are leaving Cape Coral BC they can’t afford to live here. The income is insufficient to sustain the area. Lots of people found out too late that jobs don’t pay enough here. There are already people who bought in the last 3 years who are in default. Going to be tons of short sales then there will be foreclosures.
I’m hearing the same stories one guy said they had to sell and leave and go back up north because they couldn’t make money here.
A lot of people who moved here got a taste of what a hurricane is like and they are running like Hell.
Others have had flood insurance go from 1k a year to 3.5k.
And, a LOT of people are just finish repairs after Ian and are selling to leave. There are still many houses far from being fixed.
mine went up to 6k.
Everyone moving to Puerto Rico ... less taxes , no property taxes , no insurance crisis , no passport needed , less people also .
puerto Rico has a high criminal problem, and a lots of drugs coming from dominican republic, police is very corrupt so as the goverment
My family and I left Florida for Kansas City area 6 years ago and never looked back. Best decision we ever made. Much lower stress, better pay, drastically lower cost of living, and better schools. Sure it snows a few days a year but easy trade off for the quality of life difference.
Pat yourself on the back for your decision.
About 25 years ago, we thought that we'd move to Cape C when we retired. Now that we're at that point, we've realized it's not the right area for us, due to several factors including some that you mentioned.
Yeah I live in N Fort Myers close to Cape coral. The traffic is ridiculous, and the costs have skyrocketed. I'm hoping on leaving soon. Not necessarily florida, but maybe for northern Florida closer to Tallahassee for job prospects and cheaper housing.
To add to the stress of living here, one of the main reasons I see & hear first hand is the price of homeowners insurance. Highest in the nation and it keeps going up. What use to cost $1000 yearly is now 3-4k and up and that's if you can get it. Don't even think about placing an insurance claim as it is almost certain your policy will be cancelled. I live just outside Tampa for 33 years. People complain about traffic but it is tolerable. The one common complaint we hear every day is the outrageous cost of insurance. Not just homeowners but auto as well. Prices for homes here are still sky high and new construction is not letting up. We'll see what happens.
I am in NY trying to move was looking into Spring Hill, Plant City, or Hudson any thoughts on those areas?
Can't wait to leave this dump SWFL.
I will not look back not even for a free vacation...
Sarasota is very overpriced. I'm waiting for the crash. I am very cash heavy. I want a great deal!!!
The developments bulldozing everything around it breaks my heart I.
But I was born and raised on. Tampa Bay now overcrowded fishing water quality issues fishing hard
As a Tampa bay area resident, the home prices are completely unaffordable! You have to go 1 to 2 hours outside the city to find something remotely unaffordable. The homes up there in Pensacola are cheap in comparison. The wife and I are considering moving up there.
Huh? You just contradicted everything you just stated. If things were affordable in Tampa, you wouldn't be moving to the Redneck Riviera (Pensacola) aka the Panhandle.
@@emichels He said unaffordable
The Panhandle area of Florida is beautiful and not to crowded (for now anyway). Only bad thing is that area is a hurricane magnate. Tampa Bay has been very lucky dodging storms.
@@jefftammy9606 Tampa hasn’t been lucky. My sister freaks out and prays. 😂
@@truthteller88 i corrected it.
I’m in Pasco Co Holiday Fl and yes it is happening here also. Too many people flooding this area creating all sorts of issues
My wife and I are giving ourselves a year or more to prep our home for sale, mostly getting rid of stuff. During that time we plan on spending a month in each area that interests us. Cost of living, especially the cost of insurance is going to play a huge factor in our decision. I’ve got some time to do my research & see how things play out.
Starting to wonder if it would be better to just rent out an Airbnb for 4-5 months every year and drive my fishing kayak and gear there.
Same here! We are cleaning out each room of the house of unwanted items and donating, selling, etc. fixing things that needs To be fixed, etc so when the time comes we are ready. I’m also thinking it would be a great idea to To rent in different areas before buying.
Same here! We lost several relatives in the last few years who lived with us. So my mom and I will leave since my grands and uncle are gone. A Smaller place and a cheaper home we are looking for.
@@daveaz9962 Smart move. I’m out of here too. So over feeling ripped off in so many ways. Feeling poor because everyone has their hand out 💰Live your life here just to work and make others rich.
It's happening all over the state. Stuart, Martin County is suffering from it as well. Historically Martin was always considered a slow growth county compared to our neighbors of St Lucie and Palm Beach Counties. We were a perfect little hamlet. Stuart was always top rated as a best small beach town. Well that small feeling is lost. The county approved a Costco and a Brightline Station. As we have grown, we have lost our A rating for schools.
All they see is the additional tax revenue, then they can say they need to increase all the services because the population has grown and so the cycle begins. More taxes = more spending.
Hopefully we can vote out the entire county commission out. I think they are all have primary challengers this August.
I’m in the building business in S. Ga. and can attest to a lot of people moving here from Florida.
I live in N Fort Myers. Indeed there are way too many people here now. Can't even get in and out of parking lots, let alone get somehwere in a timely manner. Somehwere that used to take me 10 minutes can take me a half hour now. Pre- pamdemic, i was going to buy a nice 3 br house. I had the down-payment. Home got taken off the market, then put back on. What was going for 190k went through a bidding war and finally sold for 450k in late 2020. I fear i will never be able to own a home at these prices. So now I'm looking to move somewhere where at least i can rent something really nice for a decent rate. Wont be in swfl though. Way too expensive, and overcrowded.
It doesn’t help when the demographics are changing down there either. Everything from Miami is spreading Westward. Same with Tampa. The demographics changed.
All the beaches seem to be 75% Latino now
I live right outside of Tampa in Plant Ciy , i grantee you no normal working class is buying in Tampa I couldn't in 2018
Yeah I’ve mentioned that in a lot of videos. Tampa will have a price correction but even with a price drop homes are still going to be expensive.
@@MovingToTheGulfCoast the fishing has declined in the north portion of the bay also
Fantastic video! I live in SWFL to be specific, Naples area and man!! It’s crazy here with traffic.
We love this channel and the information that you are sharing. We have watched your fishing channel for years and look forward to your videos each week.
Brad I live in Lehigh Acres and it’s just as bad out here as Cape Coral. Over population. I’d love to fish with you some time when you’re in the area
Lehigh will drop as soon construction work ends. 95% of people (men) work in construction in lehigh.
Overpopulated and 2/3rds of Residential lots still sit undeveloped YIKES!
Thanks for your video.
Uncontrolled development, snowbird congestion and worsting heat and humidity have ruined this area. I should have sold last summer. Probably too late now.
Cape coral and ft Myers were bad before the great migration.. now it's impossible.. but will this collapse the market? I don't know..
Pricing, inventory, interest rates.
Thank you for these videos
📹 👍👍
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Sixth generation Floridian. I can confirm this state is ruined.
I'm retired and was pushed out of Port St Lucie due to higher property taxes and insurance that had gone through the roof. So, I moved to Homosassa area and now, with insurance practically unavailable, inflation and higher taxes, I will be leaving here as soon as I can sell my house. Where I will go, I don't yet know. Probably to a different country.
Really love these info video's. I'm not afraid of my house getting below what I bought it for but my mortgage as jump up 600 a month cause of insurance. Shit getting tight.
Good information, thank you.
Right on the money regarding Tampa. Moved here in 2009 and lord it’s really unaffordable for the middle class.
That's my favorite park to clean up, used to play baseball there and it's a great place for a walk!
Hurricane Ian was a nightmare in Port Charlotte/ Punta Gorda area!!
Up in Jax if houses crashed 40% they would still be more expensive than 2019. I dont know who is buying these houses.
Great video...
Everything you say in your video is dead on. I moved to Cape Coral in November 2019. I then stayed in Bonita Beach for two years during the pandemic and then I moved to downtown Fort Myers. I moved from the area in December 2023 and purchased a home in Murfreesboro Tennessee due to the very things you’re talking about. It’s unsustainable there in Florida. One thing you didn’t mention is the continuing Water main ruptures and boil water notices. Coming from Carmel, Indiana, a suburb of Indianapolis. I had never had a boil water notice in my entire 30 years of living there. Just a heads up.
Tech school in the early1970's after military. Moved out in1976. Never looked back
Tampa
Well I hope if they do drop, that the taxes and insurance drop as well. I live in Cape Coral and the taxes and insurance are ridiculous. If the taxes and insurance go down, I can afford to stay here. But if not, I will have to sell and move. Currently I am working, and switched jobs because of the traffic. But when it's time to retire, I will not be able to afford to live here under the current situation. I love the area but inflation, taxes and insurance are pushing me and lots of others out. And there are not any good alternatives in Florida. I am looking at moving out of the Country.
Unlessnyou wanted to move way upstate, Defuniak springs, or Panama city beach. Close to the border of AL or GA.
The water issue is becoming an issue due to tri staters. Thousands of people left those states and California. They put incredible stress o to the other states that they moved into , not to mention overcrowding and forced increases in costs such as taxes.
Most of your comments about Tampa were actually St. Petersburg. John's Pass is in St. Pete. Your video about red tide dead fish was from the Gulf of Mexico. Tampa is not on the Gulf of Mexico.
I live in Tampa and was unaware we had any beaches like those. St Pete maybe?
John's pass is not tampa....
I’m considering Pensecola, Daytona Beach, and Apalachicola……….
Got anything you can share on Jacksonville?
They never mentioned Jacksonville I live here and the prices are not going down
@@ursulamullikin4723do you see people moving there from other cities or states?
What about Jacksonville?
West palm beach is still doing great
Its actually doing terrible thanks to all the scumbag flippers and investors
House prices still rising in Miami and Fort Lauderdale.
Swfl isn't as bad as it sounds. If your coming from out of state it's still better than the state you came from. The water is fine. If your moving in you may have to drop your well pump depending on depth because of more people here. Ian definitely displaced many and many people left. If you are working remotely carrying your job with you then that maybe the best scenario as the job market is tough for good paying jobs and florida isn't known for high paying wages. Many people are moving here not realizing that it is.more expensive but still cheaper than the state your from if it's on either coast. It does get hot and it is rainy during the summer flash flooding make it difficult driving conditions. Every state has there issues you just need to know your tolerance level.
Luckily, my spouse and I were able to pay off our mortgage early. We took the money we were spending to accelerate our mortgage repayment and invested it right away while we were both still working. We were able to retire early after accumulating what would have been our home payment for over 7 years and maxing out our 401K/403B plans. Thankfully, both of our parents taught in us the importance of living within our means.
Investing without proper guidance can lead to mistakes and losses. I know this since I've been there myself.Seeking guidance from a professional is preferable if you're new to investing or don't have much time.
Investors can have different investing results even with the best strategy and suitable assets. Understanding how experience plays a critical part in successful investing is key. Since I was aware of this, I consulted a market analyst for advice, which helped me build my account to about a million dollars. Having strategically cashed out just prior to the market correction, I'm now taking advantage of buying opportunities once more.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
Leah Foster Alderman is the licensed expert I use. Just look up the name online.
She seems to be literate and well educated. Thank you for sharing, I found her webpage when I searched for her online.
I’m in Polk county waiting.
Those folks don’t know about rain barrels 🤔
Tampa is just Daytona with a pro baseball team.
It doesn’t help when the demographics are changing down there either. Everything from Miami is spreading Westward.
John's Pass went out for 30 hrs Fishing $60 like 1990 🥰🥰🥰🥰🥰🥰 OLD can't take the HEAT !!!!!!!!!!!!!!!!!! Me
Sorry to see some many people surprised by all the housing issues. Funny how no one was as loud in 2020 thru 2022 when home prices artificially increased by more then 40%. Florida population has grown by 6 million since 2000 (16m - 22m) and that has been on a steady trend line unlike the housing bubble. Additionally from 2000 to today Florida has seen 6 years with higher % population increases then 2022 which was the highest since COVID. As for why people are moving to Florida? Well, its just plain less expensive compared to where they live now. This allows them to afford more which causes local prices to go up. I can tell you I can not remember that last time I paid less the $4 for gas. If we look back to life before COVID and life after the elephant in the room is the artificially high housing pricing. Lots of reasons and people to blame, but our inflation is also tied to this as Shelter costs are in the top 3 metrics driving inflation. Transportation and Healthcare are the other 2 culprits. For all those hoping for lower interest rates, you have not a clue. Lower interest rates will drive home prices higher. It would be like taking an aspirin for a headache caused by a brain tumor.
You know you are one in a million doubling your income to keep up with what is happening over the last few years.
RSW
Florida is a beautiful state but I wouldn’t live there because of their politics
"Their" politics? What great politics are happening in your state 🤣
What are you talking about?
I'm not from Florida but it's nice to hear a Democrat sticking it out in a place they bankrupt.
I’m guessing your a Dem. Good riddance.
"Their policies" are what brought all the people to Fl. and drove all hse prices up.
Forgot Flood and Hurricane Insurance
I’ve made several insurance videos. It’s a problem. Dropping another one today about the rate hike proposals
If you can't take a shower every day then jump in the lake
there are no lakes here.