If you enjoy this video, be sure to check out my latest Florida Housing Market video here: kzitem.info/news/bejne/z5etqI6Pb6aIqo4
@krisone63
2 ай бұрын
@vitravaah2527 Uhhhh, you are so wrong and dumb.
@X862go
23 күн бұрын
Still waiting?
@Martideybor
3 ай бұрын
We have an entire neighborhood here in St. Pete called Shore Acres that has flooded out (1200 +/-homes x2) in the last 2 years. Needless to say, for-sale signs are popping up like weeds in Shore Acres. Those wanting to stay now have to choose to tear down and build up or raise their home above flood levels. Very expensive options either way.
@RyanScribner
3 ай бұрын
Nightmare situation! Thanks for sharing this
@joewoodchuck3824
3 ай бұрын
Sounds like it's an area that shouldn't even have been built on without proper provisions. Developers shouldn't do that. But the town shouldn't have allowed it either.
@Martideybor
3 ай бұрын
@@joewoodchuck3824 Yes, to a certain extent. Homes in Shore Acres date back to the early 50s, and the last development was in 1999. So, it's really the older homes that have "failed". That aside, FL flooding problems began in 1968, when Congress allowed for homes in flood zones to be insured. That was the first domino to fall. Then, the affordability of the A/C. :-)
@Amanda-xx7sj
3 ай бұрын
@@joewoodchuck3824I live in Florida and like the other commenter says, it’s usually older mid century homes that are more likely to flood because the issue of flooding wasn’t as much a concern then. All new homes built built after 2000 in my neighborhood have been elevated by about 5-8 ft.
@PineIslandSeeds
2 ай бұрын
@@joewoodchuck3824 That's most of Florida...I agree with you. They should have let swamp land stay swamp land. Greedy developers, and it will never end.
@lisasaunders4835
3 ай бұрын
Polk County FL here. Inventory is exploding here. Mostly high-end homes on the market. $500,0000 and up. I think high end homeowners are fleeing due to high taxes and insurance. But they sure are trying to pass their mistake onto others at even higher prices than what they paid! Homes are way to high here! They start way too high and do not want to lower their prices even when they don't sell. We have houses here, that have been on the market for over a year with no price cut, and even if the seller does price cut, it is by such a small amount that it makes no difference to buyers. Buyers literally have to sit on the sidelines and wait for these greedy people to come to their senses and face the fact that the real estate market is on the way down now. It is very frustrating to watch. Especially when we know WHY THEY ARE SELLING! They can't afford their homes anymore, so they are going to stick it even more to the next buyer! I hope buyers realize this and DON'T BUY! Wait for prices to come down or you will be in foreclosure in a year at these ridiculous real estate prices! Everything is going up, not just houses, so don't lose everything you have for a house! When people stop buying these houses will come down in price!
@RyanScribner
3 ай бұрын
Wow, thanks for sharing these insights with us! Sounds like they could be in for a rude awakening
@grilledxcheeze
3 ай бұрын
Your observation aligns perfectly with what I'm seeing as well.
@pierrerobertjimenez7802
3 ай бұрын
Yep agreed. Smart buyers will wait it out…
@Amanda-xx7sj
3 ай бұрын
If I had the money for a higher end home, I wouldn’t pick Polk as the location. It’s too inland. I feel like most buyers in that category would rather be in the Tampa or St Pete area near the water which isn’t far from Polk. Or I’d go more towards Orlando where there’s more amenities although I4 is becoming more of a nightmare.
@littleredhen3354
3 ай бұрын
Pasco county here, same situation. Problem is all the investors used their properties as an ATM and pulled all the equity to buy more and more and more properties so now they can't drop prices and the pool of idiots willing to pay 500,000 for a 50,000 home has dried up😏 The foreclosure market will be booming in the next few years but the banks will leave the properties rot on the market like they did in 2008 to keep the losses off their books.
@manatee419
3 ай бұрын
I have lived in Florida all my life, and I've never seen nothing like this.I'm calling this the perfect storm. Property taxes, Car insurance, Home owners insurance, The new condo laws that starts in 2025. Will equal to more homeless people. This is unsustainable for the next 10 years.
@wellnesscanceradvocate8564
3 ай бұрын
What are the new condo laws?
@user-dj8iu2xv6y
3 ай бұрын
What is the new law?
@ovzimsedoc5739
3 ай бұрын
You forgot the "new" mandatory flood insurance. Mandatory because no matter how carefully you chose your location, EVERYBODY must pay into the insurance pool to cover people who bought in flood zones.
@QAsession
2 ай бұрын
@@user-dj8iu2xv6y I think it has to do with reserves and a percentage that needs to be in there. Many HOAs have zero reserves.
@user-jz7ny1qc6j
2 ай бұрын
Wondering what will happen long term. Prices are unaffordable for workers, young families, and recent college grads and the pay here is low so workers often have to look to other states. The boomers were one of the biggest generations ever. When sales to boomers slow down, over the next 5-10 years without that demand from younger generations, I think house prices will tank
@Koushi82
3 ай бұрын
250k isn't too bad but still FL wages are ultra low. Median wages at Cape Coral is 65k for 2024. Meaning max should be 200k for that starter house. I would not go over 3x median income unless you love the house and plan on staying there for retirement. Also locals should vote to ban commercial Airbnb activities in their neighborhoods and work to taddle on the landlords doing it without permits.
@RyanScribner
3 ай бұрын
Great analysis! Miami definitely led the trend with putting restrictions on Airbnb/STR, it would be interesting to see other parts of Florida doing the same
@endofsociety
2 ай бұрын
I think even 65k as an average is too high. 2/3 of the workforce individuals make much less than that. Everywhere you dine and shop, go ask those people how much they make. Not everyone is a one man show, but also, not everyone has someone to share the bills with.
@johnmoore3504
2 ай бұрын
Cape Coral is mostly retired folks so the income levels are a bit deceiving. 1/2 these homes are empty 50% of the year or AirB&Bs
@Koushi82
18 күн бұрын
@@johnmoore3504 label them as commercial real estate and the landlords lose their voting rights then as they need to live in there to get primary residence status. use taxes to buy land and build more from city side.
@GNXClone
3 ай бұрын
Price needs to crash in FL. I sold my house in Palm Beach county for $250k in 2019. I looked a few months ago at Zillow and it was estimated at $450k. Insane!
@lloydmoore982
3 ай бұрын
Incredible good capitalism!! whilst folks work like horses and still remain constantly indebted.only a blind lunatic will support this crazy system.
@ursulamullikin4723
3 ай бұрын
Same here I sold my house in Fort Lauderdale in 2021 for 380,000 now estimated at 545,000 yes totally insane
@jonathantokatlitabban415
3 ай бұрын
You guys missed out sorry to tell you
@lloydmoore982
3 ай бұрын
@@jonathantokatlitabban415 hmm!! they miss out.at this continuous rate all shall soon miss out.the idea should be to slacking the squeeze so that the people may not notice.
@noonan395
3 ай бұрын
Everything has gone up 200k since 2019
@alyross2850
2 ай бұрын
Northerners can still buy homes in FL with the proceeds from the sale of their current home, and savings from being paid well. But it’s still unsustainable because they need too much money to actually live there, even with a paid off home. Do NOT quit your job if you are lucky enough to “work from home “. I am telling you…..major companies are being incentivized to send workers back to the office, by local and federal governments. Too many powerful people deeply invested in commercial real estate. And who will be first to go when the layoffs roll in? Those who won’t go back to the office. Easy decision. This is happening now. Consider the alarm raised.
@may86bear
3 ай бұрын
Florida’s housing market was too hot for too long, combined with the insurance issues. It’s no surprise that it’s housing market is collapsing 😮
@RyanScribner
3 ай бұрын
I would have to agree! Thanks for sharing your thoughts
@Koushi82
3 ай бұрын
Insurance is not too high it's based on % of the house value it's the property value being too high. The idiots that bought are regards. That didn't factor that in. Including prop taxes.
@Koushi82
3 ай бұрын
also increase of insurance premiums of 50% is in line with house appreciation as well plus Florida isn't a safe place for a house anyway. But people wanna force prices up when locals cannot afford it anyway like idiot regards
@user-co5iq8oj8x
3 ай бұрын
I am under contract to close June 14th. My insurance is only $1823 for the year. And my car insurance is only $185/month for two cars. A lot of people talking on KZitem about Florida but don’t really know. Some places if you live right on the water or in flood zone, insurance can be high. You have shop different quotes and push the agents
@danielmorales1981
3 ай бұрын
Love it
@user-jz7ny1qc6j
2 ай бұрын
House prices here are still massively overinflated, especially in relation to how much the jobs pay here (pay is very low). It's insane. I bought high down here a couple of years ago but now need a bigger home, so I'm personally hoping that prices crash because we can't afford it right now.
@RicondaRacing
3 ай бұрын
Real estate went up 75%, wages did not. That's why credit cards are maxed out in Florida.
@natomartini
3 ай бұрын
FL is #1 for credit card debt right now. Something like average 7% of their annual income. Crazy shit
@Seanheery
3 ай бұрын
Exactly right! My neighbor is one of them. She and her family were living off credit cards since early 2022 hoping for a crash. Now, they have over $100k in credit card debt, no home equity, her husband was laid off and they are moving this weekend leaving their home here in Fort Myers to the bank. They owe $700k and it wont sell. They were told when they bought their home that they could refinance in a couple years. Fast forward, rates are higher so refi is off the table especially since their credit had crumbled with the missed credit card payments. So sad.
@littleredhen3354
3 ай бұрын
And we lead the nation in workers living in their soon to be repossessed cars.
@user-jz7ny1qc6j
2 ай бұрын
Pay here sucks and housing and insurance is sky high
@QAsession
2 ай бұрын
Its outrageous that people bought homes for $200k 3 or 4 years ago and want to sell the same home with no upgrades for $500k in some parts of Florida. Also, people will buy a home lets say for $345k and a year later want to sell it for $490. Thats crazy. Greed, its just pure greed.
@jamiethomas3306
2 ай бұрын
It’s not greed! It’s just you are either in that position or not! No one is forcing anyone to buy these homes. Everyone should learn their lesson 2008 2009 because I sure did because I lost my 260k, 85% financed Took a big depreciation value I lost it and they sold it for $55k auction. That was greed from the banks not regular people. The greed is the people that are renting out properties. I have a rental, but I was renting it for almost 50% less than what other people were because I’ve been in a situation and it sucks it really does. The government has a lot of blame for all this. We had the Covid situation and they gave money away, then the moratorium where people didn’t have to pay rent for over a year so that left landlords in a bad situation where they had to raise rent when the moratorium was lifted. My house taxes doubled in one year and since 2021 are up 120% I’m in the Tampa area just south of St. Petersburg and its chaos. Luckily for my area prices have stabilized. People are just making bad decisions paying too much for a car loan, etc.
@user-jz7ny1qc6j
2 ай бұрын
Agreed
@QAsession
2 ай бұрын
@jamiethomas3306 It's greed on everyone's part. Investors come in and buy RV lots and raise leasing fees for the elderly living on social security in these $30k mobile homes. Some spots went from paying $400 to over$1000 on the Gulf coast. Also, many investors have swooped in and bought homes for cash, fixed them up, and they are now rental properties. Others have bought properties and turned them into air bnbs. But still, the biggest issue that I find scandelous is people wanting to profit $100k in 1 year in a home that is just a plain home. That's greed. The banks continue to give out these loans because they benefit, so its greed on their part, too, as well as realtors who are out to make more commission. It's greed all around. Smh
@johnmoore3504
2 ай бұрын
Too many flippers. They see it on TV and think hmmm new counter tops and floors = 250 more.
@CaptainCaveman1170
2 ай бұрын
You would too if that was the going rate. Don't be mad at the sellers, be mad at the politicians that inflated the bubble.
@devan0806
3 ай бұрын
I would have continued to listen, but I can’t take the music in the background. Not sure what other feedback you have gotten, but I prefer no music myself.
@kaydublin5164
2 ай бұрын
Agree
@jeffwaechter9100
3 ай бұрын
25% more people move into Florida that what move out. Home prices are NOT decreasing anytime soon unless for condo's. St. Pete ranked second nationally for risong home prices.
@metropcs1976
3 ай бұрын
For now. Ppl will be leaving in droves very soon
@arizonan1
3 ай бұрын
Yep, the squeeze is ON
@Amanda-xx7sj
3 ай бұрын
@@metropcs1976idk, I’ve lived here my whole life. Some of us are pretty stubborn.
@daraledet542
2 ай бұрын
Truth. I just moved out of St. Pete it’s unsustainable.😕
@jamiethomas3306
2 ай бұрын
I’m just south of you and I totally agree. It is a buyers market right now but for our area the Tampa area it is stabilized. We are in a El Niño area that the normal housing market are affecting others will not be affected here as long as you are own and not rent. I’ve been there lost my house in 2008. I know it’s a shitty thing now I own two houses free and clear. Unfortunately you’re either the lion or the gazelle. I’ve been both I get it.
@4Marktk
3 ай бұрын
SWF One hurricane away from a legendary waterfall price decline
@RyanScribner
3 ай бұрын
Lol, well said!
@richardjohnson8114
3 ай бұрын
LOL! Already had that hurricane on September 28th, 2022. Prices have been very stable since then.
@QAsession
2 ай бұрын
@@richardjohnson8114Where???
@user-jz7ny1qc6j
2 ай бұрын
@@richardjohnson8114yes, they have not dropped as much as I would have thought. People are ever optimistic which I guess is a good thing, but having experienced hurricane ian firsthand, it only takes one personal experience to change your opinion!
@shirleydelehanty3466
2 ай бұрын
PBS Nova did a study of hurricanes over the decades. In the 60's most of the hurricanes hit the atlantic side. With the warming of sea water, more and more hurricanes are making it to the gulf of Mexico. They then march up the gulf side of Florida.
@richardjohnson8114
3 ай бұрын
Regarding Cape Coral specifically, cherry picking two really crappy houses is silly and disingenuous. The gulf access home is horribly dated and the reno budget for that is going to be well north of $300K. Instead of cherry picking look at the actual median sales data. When you look at that, CC has been roughly flat for the past 18 month with units sold up 13% year over year and just under 5 months of inventory, which is just about perfect. No crash here!
@guruofendtimes819
17 күн бұрын
No prudent person would live south of Orlando because you cannot escape during a storm.
@richardjohnson8114
17 күн бұрын
@@guruofendtimes819 You're right. No one south of Orlando has ever survived a storm.
@juneallen4926
3 ай бұрын
I don't know how people can go to Florida and have retirement down there unless they have a good income coming in. Because the prices are very high down there.
@RyanScribner
3 ай бұрын
Yep, retirees are getting priced out in all directions
@maxbusinessprofitssergiode5747
3 ай бұрын
Having lived and worked through the 2008-2014 debacle doing over 300 Shortsales and flipping about 20M wholesale from Pt Char to Marco, you are spot on. It is beginning again no matter who wants to deny it. So much opportunity is coming-too bad I cannot find realtors who understand this or will to actually be Realtors! They've been order takes for so long they don't know how to work here. Wish I had a few who are willing to work it and ride it out. Kudos to for saying what no one wants to hear.
@NikkiSabet-uc4qu
2 ай бұрын
I'm a Realtor and I agree. How do you suggest I work this? Would love to hear your advice. Thanks :)
@maxbusinessprofitssergiode5747
2 ай бұрын
@@NikkiSabet-uc4qu #1 Get with a Broker who understands whats coming and how to HELP those who will need it, i.e. Defaults. Its early for short sales right now but as soon as the equity is sucked out of the market, and it will be, then the shortsales will begin. Foreclosures are already up but the banks will try and keep those in house with Forbearances and modifications. Problem is, you gotta qualify for a Mod (good luck) and ForeBs usually end up in Foreclosures. I like to call them, " Before-bearnances" . #2 Start lining up your investors because the deals will come. Learn and understand your individual market's numbers; # of listing vs historical, % of sale vs List price, PPSQFT, Resale vs New. New construction has an overwhelming amount of inventory and is really gonna see price drops soon esp in shadow inventory and is going to really put a dent in the resale market. Be aware of all of it! You will start to see the trends. And for God's sake UNDERSTAND WHAT HAPPENED in 2008/2010!! I keep hearing its not the same but people's/sellers/buyers reactions are quite predictable! Its not about WHY.....Its about the reaction to the WHY. Understand that this is about macro and micro cycles both economic and RE. Problem is, Realtors can't see beyond their own needs for closings: " Nows the best time to buy!" Yeah. Ok. Hope that helps.
@willmallory9085
3 ай бұрын
9:04 Another reason people leave FL: LOWER WAGES compared to Northern & Western states. The whole South pays less and don't like unions. If you're not military, its not worth it.
@RyanScribner
3 ай бұрын
Great point! Yes there are definitely not many high paying job opportunities in Florida, you need to be retired or working for yourself/working remote for the most part
@tonyzito4628
3 ай бұрын
That's funny my sister's making 50% more than when she was working in the Chicago land suburbs. Doing the same job
@willmallory9085
3 ай бұрын
@@tonyzito4628 Very interesting. What field of work?
@Ray7234
3 ай бұрын
@@tonyzito4628I’m from Chicagoland suburbs and have lived in both Tampabay and Jacksonville and have been here for a while. My family is still up there so I keeps tabs. Your sister is the exception not the rule by far.
@karingoodman4999
3 ай бұрын
To make better money in florida you need a degree anything in the medical filed law. Post office if just working normal jobs you'll need 2 or 3 from the low wages people work their asses off in all the red states
@nasimwehbe8410
2 ай бұрын
I live on Miami. I used to be a mortgage broker and left in 2006, right before the bubble burst. Another indicator is that refinancing homes is starting to go up in Florida. I'm seeing a repeat and it's just a matter of time before the bubble pops again if it hasn't already.
@seant6154
3 ай бұрын
This video was very informative. Thank you!
@RyanScribner
3 ай бұрын
Glad you enjoyed it, thanks for tuning in!
@JesusChistLovesYou
3 ай бұрын
Exactly! I’m in sw Florida waiting for the crash to buy. Don’t want to buy an over priced home in a crashing market. These sellers are either greedy or overpaid and they want unsuspecting buyers to take the fall for them. The realtors are mostly greedy lots.
@riazk27
3 ай бұрын
Very informative content ... However, I found the background music a little distracting
@RyanScribner
3 ай бұрын
Thanks for the feedback on that!
@bohemianh
3 ай бұрын
our homeowner insurance and property taxes have been jacked, one of my little rental houses payment jumped $250 a month, I can't raise the rent $250? It's the insurance and taxes rising, when I bought this house years ago the payment was $700 payment, insurance & tax, now it is 1039.46 crazy
@RyanScribner
3 ай бұрын
Wow!! That is a huge increase - thanks for sharing some actual numbers with us
@Amanda-xx7sj
3 ай бұрын
How long ago though? Isn’t it normal for prices on anything to go up over time?
@bohemianh
3 ай бұрын
@@Amanda-xx7sj ACCORDING TO THE FEDERAL RESERVE
@verdeyoro
2 ай бұрын
@@Amanda-xx7sjthing is everything goes up but our wages
@Cada.
2 ай бұрын
This is not indicative of a crash like 08. Like he said, 08 happened due to sub prime mortgages, which are not happening now. There is definitely a market adjustment in FL from the market bubble, but definitely no crash. As soon as interest rates drop a point, houses will fly off the shelf and prices may even increase.
@nmb5588
3 ай бұрын
Excellent video by showing the listing prices with price cuts. Keep this type of data coming.
@JimRex-sf8bt
3 ай бұрын
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
@matthewmatthew7517
2 ай бұрын
please do Boca, Delray, Boyton. THANKS!
@anthonyperrone8083
3 ай бұрын
Will FL change or tweak their new Condo laws? The HOA fees and insurance costs are just too high! Only the very wealthy can afford it now. But maybe that’s what the Govt wanted
@simontaveras
3 ай бұрын
I love these in-depth videos Ryan!
@RyanScribner
3 ай бұрын
Love the feedback thank you! More to come
@Chuck-qi8pw
3 ай бұрын
The free market is adjusting itself as it relates to supply and demand. Business majors remember what you learned in Economics 101. Will it hurt some people financially? YES! When supply exceeds demand, prices drop. When demand exceeds supply, prices go up. Markets change. Welcome to reality. The bubble has arrived. Keep an eye on the markets,their might be some good deals coming up.
@jamesdeininger3759
2 ай бұрын
Do one of these in St Petersburg - Particularly 33703, 04, 02, and 01. You’ll find listings and price drops even crazier than these!
@RyanScribner
2 ай бұрын
Thanks for sharing!
@orichic51
2 ай бұрын
I’ve lived in Florida for practically my entire life, and one thing I’ve always noticed about new people moving here is they think all Floridians are rich, and take into account the fact that we don’t pay state income taxes. In actuality, the majority of Floridians are lower class. Hell, majority of Floridians outside of the big cities are just swamp people. Anyone that acted rich was just playing pretend and racking up terrifying debt. Even in Miami, the fakest city in the south has a large majority of poor people. No one can afford this shit. They racked up these prices thinking we could afford it without a problem. They were dead wrong and now they get to experience some bankruptcy. This is justice for all the real Floridians who simply wanted to live calm lives. Not the California life that all of these newcomers thought we were living in. The saying goes, you move to Florida for a permanent vacation, then you leave Florida never wanting to return.
@RyanScribner
2 ай бұрын
Very interesting and accurate summary!
@thepatriot9136
3 ай бұрын
Brevard county going up still. Commercial rent is ridiculous. They want to raise 4300 sqft shithole of a warehouse/office from 3100$ to 4200. Other places are even higher at 12-14$ a sqft.
@RyanScribner
3 ай бұрын
Wow! We may have to check that out in a future installment
@nchhimfinch214
Ай бұрын
If you are a buyer, look for homes that have been “hurricane hardened”: reinforced trusses and additional roof tie downs, Hurricane rated windows or Hurricane rated covers - including doors, reinforced garage bracing, etc. insurance companies are REQUIRED by the State of Florida to give discounts for hardening and it can save half or more in premiums (thousands). A WIND MITIGATION study could be an inspection worth investing in when buying. Talk to the SELLER: maybe they haven’t mentioned they have done many of the upgrades and have the proof of the study and compliance with the updates! (A great selling feature) ASK them and provide the proof to a potential Insurance company who maybe won’t mention it - why give up all those extra $$$$$? (The State of Florida also offers programs to help cover the cost of hardening).
@richardadams6988
Ай бұрын
Question...are insurance rates based on the anticipation of hurricane hits each year? And if so should the consumer receive a refund each year? If not unpacked by storms. Or are the extra funds put in a escrow account for future storms....and finally does the insurance company just take the profits out to invest in marketplace , Wallstreet and executive bonus!!!
@roshglock
3 ай бұрын
Bottom line, greed.
@CaptainCaveman1170
2 ай бұрын
Greed is a constant. The real problem is the artificial conditions promoted by the government. They artificially dropped interest rates and illegally bought Mortgage backed securities that the market should have set prices on. They made foreclosures and eviction impossible, then allowed for taxpayer sponsored mortgage mods and 40 year mortgages. They also discourage building in many places and they allow corporations to participate in an unfair way in residential real estate.
@sieng8
3 ай бұрын
Subscribed and liked. Thanks for the great video. I wish and pray that Tucson housing would drops like Florida. Dear Ryan, could you tell me what paint color you like (main color and accent color) please? Thank you
@dazzlingdee1694
2 күн бұрын
For that one house that you talked about the window in the bathroom door, those have built in blinds inside them, but I cringe on and windows in my bathrooms, and I often wonder why they’re put above a bathtub. A lot of people realize once they move here that they’d prefer an HOA, because they take care of quite a few things, but that does limit what you can do on your own property. People realize it’s way too hot to mow themselves and if they’re not in an HOA/Gated community (most of the time) that they wind up hiring one of the countless lawn care people to do it for them. That used to be rather inexpensive, but like housing it’s becoming a price gouging thing, as are many other services. People are just trying to survive here until all these idiots who are setting their own standards are out living high on the hog in those really expensive homes. As for the lower ceilings, those are not outdated. In fact more builders are going back to those ceilings, because those high ceilings costs a fortune in trying to keep a house cool in this ungodly heat we’ve been having. I see people complaining about $300-$500+ electric bills and in a fairly new home with those lower ceilings and my bill for the past month was under $140.00! So what you say is outdated, really isn’t outdated at all. We call those modern ceilings. I see some homes still selling for fairly high amounts. I get offers all the time from investors trying to buy my home, because it’s a corner house with an oversized lot. I get really tired of flyers in my door and the junk mail they keep sending me. I’m not selling. 😂 Everyone needs to be aware that just because a house might be in a gated community, that doesn’t mean it’s safer! In fact homes in gated communities get robbed the same as homes that are not in gated communities. The builders and realtors hype those up to push for a sale, but honestly they’re giving people a false sense of security. And as for the insurance hikes. I think a lot of people are going to ban together and sue the state for allowing for a double digit rate hikes, especially since the state hasn’t done 💩 to the insurance companies that bailed after hurricane Ian hit! There’s a lot of people that have become homeless over that nightmare and now Florida is being invaded by immigrants that are being smuggled into the country illegally. You’d be surprised at how quickly the crime rate has risen in areas with mass building going on, but hey let’s make all the builders, realtors and investors rich again! Right? 🤦🏼♀️
@MrGd69
3 ай бұрын
Nice reviews with so much solid data, thanks. Can you also review the central areas, like Orlando and surrounding towns?
@RyanScribner
3 ай бұрын
Thanks! Definitely will consider that in the future
@stevec5671
3 ай бұрын
No Buddy, I'm there . Naples, Bonita prices still raising in nice areas.
@betsyogle8224
3 ай бұрын
Florida is a a miserable, humid hole of despair. Prices will plummet.
@CaptainCaveman1170
2 ай бұрын
@@betsyogle8224 It's funny how every generation has to learn the exact same thing. Florida has always been cheap for. a. reason. Same thing with Phoenix and Vegas. there's a reason homes didn't sell for 600k in the middle of the desert before, and that reason still exists.
@natomartini
3 ай бұрын
one of the best videos out on the bullshit happening in FL that real estate agents and flippers say the opposite of. Good stuff bro !!! 😎
@RyanScribner
3 ай бұрын
Thank you!
@verdeyoro
2 ай бұрын
a house was sold in Plant_City, FL for 275k back in april 26, 2024 now was put up for sale for 325k just a month later, greedy owner wants to make 50k in profits in just 30 days, it aint happening now, the house got a price cut already for 10k less, still way too expensive
@WANNA_BE_FRIENDS
2 ай бұрын
They will be selling, once they realize the high crime
@littleredhen3354
3 ай бұрын
New york/California cost of living with Mississippi/Louisiana wages in Florida. What could possibly go wrong😂
@endofsociety
2 ай бұрын
All homes across the country are way overvalued. Go look at home prices in montana for instance. *INSANE*
@thomassalvi
Ай бұрын
Look to Blue states. They are collapsing economically but homes are cheap. But taxes aren’t worth it. Stay out of Democrat helll holes!
@lesliejackson3310
3 ай бұрын
You should elaborate and do more research on the sub prime mortgage lending. There is still shady stuff going on today and recently
@user-iw3xt2ks6d
2 ай бұрын
Something not mentioned is that insurance companies in Florida are dropping people if their roof is more than 10yrs old! So, if you buy a home here, be prepared to buy a new roof every 10 yrs (even though shingles are supposed to be good for 30 yrs.) This is ridiculous. A roof for your average 2,000 sq ft home is between $20-30,000 depending on roof pitch, etc.
@RyanScribner
2 ай бұрын
Wow, that is wild! Thanks for sharing
@LWRC
2 ай бұрын
We have no such problems here in SoCal!!!
@nunya2954
2 ай бұрын
That is NOT true. All info is on Florida .gov website
@nunya2954
2 ай бұрын
@@RyanScribner What that poster wrote is not correct information. You can read the legitimate news regarding homeowner insurance on the Florida .gov website. smh, you jumped right on that post as correct information. Makes me question your other data fact finding in your videos.
@PuppyNutter3
2 ай бұрын
@@LWRClol
@PamelaBrookshearHool
2 ай бұрын
Im hearing stay away from condos, major hurricane, foundation updates , 60,000 each to fix. No way
@user-jz7ny1qc6j
2 ай бұрын
Avoid them like the plague
@Brembelia
12 күн бұрын
Condos have never been a good idea. Everyone has to maintain the overall building or the building ages and crumbles around you. And should there be a natural disaster, you are left with a very expensive piece of air space.
@madelineortiz6648
2 ай бұрын
Why come to TX. Taxes, home insurance, car insurance and the heath is worse than Fl. Without counting traffic
@steeveabitbol2466
27 күн бұрын
Home pricing going up isn’t just in Florida. Same thing happening all over the country.
@user-wz5ry5en2z
2 ай бұрын
Informative video with numbers to backup the commentary. BTW we watched on the TV, but couldn't get to comment/subscribe or like because KZitem had moved to the next clip, I had to use the PC to get here; I'm using Chromecast with Google TV.
@DCo923
3 ай бұрын
In Naples,FL the zip 34120is far from everything, very southeast of everything. Nice house but nothing ever went for a million their pre pandemic. Naples is a very big city 34120 is at the start of the Everglades driving to Miami. 35 min from downtown and about an hr. from North Naples, Ritz Vanderbilt Beach etc.
@brookstravelstheworld2328
2 ай бұрын
I would love to see a video on the Lake County area (Orlando)
@williamdodson7654
8 күн бұрын
I’ve been in the keys for 24 years and remember the last crash, most steets you drive down there would only be a few families living there, all the rest were vacant with foreclosure signs. They were increasing home values so much and so fast that it just became unrealistic and with the economy slowing down people were letting their vacation homes go, building and renovating came to a halt and if our economy continues on this route we will be back in that same situation
@srishsupernatural
Ай бұрын
HI Ryan, great video. Could you please tell me how did you find these houses/listings? Thank you!
@marcusdisalvio1804
2 ай бұрын
I personally feel that the housing market ended after 23 because over here in Sarasota county they're building these multi-million-dollar condos / penthouses that nobody can't afford downtown on main Street and everywhere that I do for pool service a lot of these homes were going for roughly $250,000 starting out and and they were maxing out around the high 800,000 over by Savannah Lakewood national and now those homes are roughly going for under $500,000 just like solaire which is at 400,000 to buy in. The market is already dead it's already stagnated and it'll get to the point where people are going to offset these expensive homes to downsize into more manageable homes and then eventually they will get too overpriced and I have to downsize again which will not happen because single family homes starters are not being built. It's a shame because I wanted to buy into a condo over here in Sarasota county I love being near the main Street area but more and the older parts but as of right now neither homes nor condos are safe that's buying. I think by the end of 25 start to see a lot of these homes foreclosed I'm shocked to see a lot of these waterfront Mansions by lido Beach and siesta key Beach being foreclosed or dumped on the market at a massive discount since the insurance and utility fees or HOAs are going to kill them
@deborahmcguire398
2 ай бұрын
Florida used to be the place you could retire on less income. That is/was the great appeal. If prices get out of wack with retirement income they lose a big portion of the demand.
@RyanScribner
2 ай бұрын
Totally agree! The incentive of having no state income tax becomes irrelevant for most as these other costs skyrocket
@deborahmcguire398
2 ай бұрын
@@RyanScribner exactly
@robertstephens4185
2 ай бұрын
Interestingly during the entire video, you never mention that mortgage interest rates have gone from roughly 3% to almost 8% in the past 2 or so years. This is why homes are not selling as rapidly or as high as they previously did. When the rates come down, the market will improve. But they won't come down to 3% as they were.
@deedee1007
3 ай бұрын
Have you done a video like this in Austin and San Antonio area? Loved your information!
@RyanScribner
3 ай бұрын
Not yet but I am definitely considering doing some other markets! Thanks
@antoniolewis3162
3 ай бұрын
Please review Miami area!
@RyanScribner
3 ай бұрын
Definitely will, thanks for the comment!
@KNT228
2 ай бұрын
Can you look at the villages in Florida? I plan to move there and rent but would be curious to know your thoughts on where the market is a might go. Thank you!
@ronkonkoma4223
2 ай бұрын
The Villages is one of the best places you can live in the world, this guy doesn't know what he is talking about. All of the businesses that moved to Florida that were not here in the 08' crash. The Villages have a ton of passive income, the Villages are thriving, there is Zero drop off so far, they continue to expand.
@ronkonkoma4223
2 ай бұрын
The Villages is one of the best places you can live in the world!
@stevekrupp6974
2 ай бұрын
Curious about your opinion regarding housing prices in Palm Coast, Daytona and Ormond Beach ?
@carmend2850
Ай бұрын
Ryan, Great video. Super informative. Have you done a review of the Marco Island area in South Florida? I would love to hear your opinion. Keep the good work. 👏👏
@tootalljones77
Ай бұрын
Ryan, love your podcast. But how necessary is the annoying sound/noise in the background?
@caryjordi8064
4 күн бұрын
In Miami people have gone mad. An old house in an ok neighborhood that cost 320,000$ in 2017 now people want between 850,000 and 950,000. Beyond insane!
@JohnGomez-qh1es
2 ай бұрын
Thanks. What about Ocala area?
@MikeTurgeon-u5m
2 ай бұрын
Enjoyed the video along with the data. Can you please provide an overview of the Palm Coast area. Thank you, Mike
@AmericanLatinGirl
3 ай бұрын
Extremely educational and understandable. Thank you.
@justinshearer8180
3 ай бұрын
I live in Orlando and I see nothing but prices going up people are still offering above asking price
@RyanScribner
3 ай бұрын
It would be interesting to do a video about the Orlando market in the future, thanks for the insights!
@bpb5541
3 ай бұрын
I think ALL markets are going to go down once the FED pivots and / or the yield curve reinverts.
@skreety0455
2 ай бұрын
Orlando is definitely a growing mega😮😊😊
@ad5460
3 ай бұрын
Great video and content. Can you make similar covering Orlando area .
@RyanScribner
2 ай бұрын
Definitely! Thanks
@anthonymakley1530
2 ай бұрын
Over priced add taxes and insurance and low wages wonder what could go wrong
@ReedsTrippin
3 ай бұрын
Isn't Cape Coral #1 in the nation for flooding? Is it really that bad, or is it overhyped?
@robertpierpont2262
3 ай бұрын
cape coral was a mangrove swamp that got built on top of which is just stupid IMO so of course it floods a lot, dunno if it's #1 in flooding but it most certainly floods a lot there. They got lucky in 2022 because had that hurricane eye gone a bit more north & the cape got the same storm surge that Ft Myers & Naples got, much of cape coral would have been wiped off the map by Gulf water. Cape Coral is a disaster in waiting, its not if, it's when.
@user-jz7ny1qc6j
2 ай бұрын
@@robertpierpont2262Can't the same be said for a lot of Florida though? 😂
@robertpierpont2262
2 ай бұрын
@@user-jz7ny1qc6j not exactly, cape coral was developed much later than so many other places in florida because it was a super terrible place to build & develop. I mean sure all of florida is basically a swamp and many places there should have been left alone but seriously cape coral is in the bottom 1/4 if not bottom 1/8 of places there that should not have been developed & built on. There are some good videos on what a huge mistake cape coral was to develop
@JOHNG104A
2 ай бұрын
No inventory in fl, especially under $300k
@DillonMeyer
Ай бұрын
As I see it, renting out a home should be outlawed unless it is a "rent to buy" agreement so that no rental is a permanent monthly payment.
@seanm81416
3 ай бұрын
Good! My wife and I are moving to Tampa in July. Hopefully we wont be priced out of the market like we are in Columbus, Ohio.
@RyanScribner
3 ай бұрын
Should be a good time to find a great deal, best of luck!
@PianoMatronNeeNee
3 ай бұрын
You’ll love it. I moved to West Palm Beach 17 years ago and never looked back. Congratulations and best wishes. 😊
@user-is6wb9xn8o
3 ай бұрын
Is it a right time to buy a home in Boca Raton next year? I will be moving from DC area.
@user-is6wb9xn8o
3 ай бұрын
@@PianoMatronNeeNee Is it a right time to buy a home in Boca Raton next year? I will be moving from DC area.
@kata7742
3 ай бұрын
You will love Tampa! I grew up there and lived most of my adult life there. Cost of living has gone up significantly though and lots of traffic but there’s so much to do and it’s beautiful. Best of luck to you!
@brianmenard4713
2 ай бұрын
Interest rates are still to high
@freeshipping9643
Ай бұрын
Ppl in FL still want the bubble price vs getting rid of it for what its worth.
@BobManginoSellsNaples
Ай бұрын
Why is the condo inventory in Naples so high?
@ronkonkoma4223
2 ай бұрын
This is a liberal hit piece! Why not Mention No State Tax, Homestead Exemptions?
@cypherlock01
Ай бұрын
😮😵💫
@gothgirlglam2486
8 күн бұрын
@ronkonkoma4223 Reality isn't a hit piece. Everything the presenter has shown is data driven. And no state income tax is meaningless when your wages are so low... you make the same or less money than I do, even AFTER paying income tax in my state. It's all relative. And homestead exemption is meaningless when you can't purchase insurance for your home, or you can purchase it, but your rate jumped from 2k to 12k, or from 3k to 14k. Those are both real examples I've seen from people I know. And DeSatan kicked a ton of Floridans off of the public Citizens homeowner's insurance. This trend is only going to get worse. It's not affordable anymore. And insurance rates will continue to go up with the increase in storms, flooding, tornadoes, hail, etc. that has been happening there. My cousin and his gf moved out of FL a few months ago because of it. My MIL's friend purchased a vacation house in FL during rona 2020 and now has been trying to sell the house for the last year. No one has bought it so now she's stuck holding onto the property. I feel bad for anyone that will be stuck holding the bag when 💩 hits the fan.
@user-ir9pk4bf6w
Ай бұрын
great information thanks
@RyanScribner
28 күн бұрын
Glad it was helpful!
@holdilocks
3 ай бұрын
Wonder how much of the PPP money bought flips and caused layoffs.
@IS-jy3dx
3 ай бұрын
A lot!
@Cthulhuismyhero
Ай бұрын
FINALLY PEOPLE WHO GET IT! I am planning on buying a house and am trying to wait to see what happens. In the last 3 to 4 years I have watched houses built in the 60s and 70s which sold for 30 grand new, houses that were about a steady 60 to 80 grand for years, rented for around 800 average again for years, go from that to landlords charging 1500 bucks!!! Because the neighbors sold the same houses for 140 grand??!! So I say that it's not sustainable because DUH and that I don't want to end up with a mortgage of 100 whatever grand that will be worth half in a year or two. I know I just threw up a bunch of words and hope I made sense. Anyways, when I explain to people why I'm waiting they're like nah that's not gonna happen. Crazy. I wasn't living in the states when all that went down in 08 or whatever but something tells me it's gonna be a lot worse. Because greed.
@Brandonhistorymakerz
3 ай бұрын
Can’t wait to buy a vacation house down there when it bottoms
@Mike-ew9zn
3 ай бұрын
Keep waiting! 😂
@skreety0455
2 ай бұрын
Mmmmmmhmmmmmm...gentrification ongoing..😮
@benton9571
2 ай бұрын
I live in North Florida and only pay $750 annually for a $500,000 insurance policy. South Florida is like 5x that at least. That's where all you "experts" miss. You need to cover North Florida and South Florida separately to be accurate. Lumping it all together is inaccurate data
@amjmmint4786
2 ай бұрын
The house at 28:36 would have had a full span wooden deck, hence the "floating french door, typical a plantation-style lot. The deck must've deteriorated and looked dated so they went for the smaller patio to save on costs. Yard shows they had at least 2 mid-large dogs. It's a shame people have taken to making stale art galleries of these living spaces. This frou frou aesthetic hoping to bait customers conning upsale really just stuns the purpose of housing. "Designers" catering to middle-aged single women with cats only. Nothing about modern style says "I see happy children in this home", it all reeks of "please visit, my housekeeper cleaned all the pet hair this time!". It's like how coffee shops have made their seating uncomfortable and removed outdoor outlets, made to stay as short as possible. How people want to live in a homegoods trash heap like that is beyond me, a true paradox it raises value. Womanclutter is not premium, houses are not "losing 40%" value, the demand is not there so upcharging 1000x on Ikea installations is not a market. The people buying 120-230k houses for double or more should be counted just like out-of-state tuition, and separated from the native statistics. For those prices we should be building fortresses that can withstand the storms and not need insurance. I hope the whole grift tanks hard, these are homes, not bullion. **house sold for 90k 2017, listed for 900k+ 2023, sold 900k 2024 - "people were overpaying for houses at some point, buy definitely not today..seller probably lost 100k in closing and commissions" No, the buyer likely lost 200k in speculation after remodeling.
@mikeallen3646
3 ай бұрын
Miami/ Broward is still red hot , Microsoft,apple and amazon moving there......I dont see it slowing down for a while
@user-is6wb9xn8o
3 ай бұрын
Flip the state to blue for massive housing crash! They only know how to make our cities & states to a third world.
@johnericfirst
3 ай бұрын
Hopefully, the government is able to figure out who bought housing for PPP loans.
@citylifelosangeles5333
3 ай бұрын
Thank you for making this detail video👍, oh here in california a saw a flyer saying banks are giving home loans and insurance was not necessary🧐🤔 So weather is one of the main reasons, people leaving Florida
@RyanScribner
3 ай бұрын
No problem 👍 thank you for tuning in!
@Claudymaze
3 ай бұрын
Same 250,000 house before c19 is 450,000 now. I just don’t feel right buying the same one story dump with a little backyard. Corporations are buying the houses and people are choosing to rent from them.
@robertpierpont2262
3 ай бұрын
I watch a lot of vids on this subject, corporations are a tiny fraction of the buys, under 5%, small mom & pop landlords are responsible for way way more of the whole buying a house to rent out to people thing
@charityboss953
3 ай бұрын
My house in palm beach county is still going up in value.
@riskanet
3 ай бұрын
Actually not. It’s just going up in your imagination. Check the market. Or… try to sell it. I’ve got same price brain error. Everything is changed
@willmallory9085
3 ай бұрын
Another great video Brother.
@RyanScribner
3 ай бұрын
Glad you enjoyed it - thanks for tuning in!
@dustinwagner6531
2 ай бұрын
@ryanscribner that Cape Coral House you showed at the 23ish minute mark had more to the story than a crash. It had a lot of Hurricane Damage and was out dated. I had a buyer for that amount it eventually sold for in cash and they didn’t take it. My girlfriend was the one who was going to list it for them. They decided to list with another realtor and it ended up sitting. But moral of the story is it wasn’t just the “economy” on that one.
@RyanScribner
2 ай бұрын
Thanks for sharing these details!
@spawnjg
2 ай бұрын
Good analysis but you mostly looked up million dollar homes. Of course the price cuts on those will be substantial compared to a 300k home.
@lives4trauma
3 ай бұрын
No one is covering Haines, Fl.
@skreety0455
2 ай бұрын
Stormy is . Here to stay❤❤
@willywil507
8 күн бұрын
I am not nervous. I love it.
@JoeGarcia-cg1pp
3 ай бұрын
"The housing Market is at the Mercy Of the Fed"
@AndieZ4U2
3 ай бұрын
Rather those being "fed."
@bpb5541
3 ай бұрын
That is nonsense. If that were true we would have never had the GFC.
@JoeGarcia-cg1pp
3 ай бұрын
@@bpb5541 youll see as soon as they raise the rates it becomes more unafordable for people and sellers are forced to dropprices i Remember Powell saying dont be surprised if rates are at 10-12 percent regardless hyper inflation is around the corner as they keep lowering rates to make biden look good for elections inflation rippling effects are hear to stay for years along with a collapsing dollar that is losing value everyday as the Brics nations have the 1up on us as there currency is backed by Gold! and US is drasticley losing popularity with all the conflicts we are creating around the world
@skreety0455
2 ай бұрын
We feed too much😮
@amva55
Ай бұрын
I wonder what the price would be for a 3/2 in Hollywood within a year.
@katec4096
3 ай бұрын
How are retirement communities doing? I am specifically thinking about purchasing a home in The Villages. Prices are dropping and the volume of homes are increasing. Do you think I should wait another year or will the end of this year be ideal?
@RyanScribner
3 ай бұрын
That would be interesting to explore in a future video, thanks for the idea!
@TravisPluss
2 ай бұрын
Don’t buy!
@Invest-a-Gator
3 ай бұрын
Please take a look at the Charleston SC area. Summerville, Monks Corner, North Charleston. Thanks
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