More and more examples of sellers taking huge losses in Florida. Also happening in Texas. Aggregate data just starting to pick it up. Check out data point Home Value Growth MoM to see the real time trends in your market on Reventure App: www.reventure.app
@shawnalijany1815
15 сағат бұрын
Thanks for sharing your observations. Still all you said is not happening in Southern California.
@DiosPoliticaSaludyConsejos
14 сағат бұрын
Come to my neighborhood in Belleview, FL and I will show around. I just bought the house from DR Horton
@The_Laid_Off_Life
14 сағат бұрын
Those people that bought in last 2-3 years, it's not looking good if a forced sale I recently sold at a discount (2020 price per HCAD) and was happy as can be. It was owned more than 7 years and still wayyyy ahead. My price now messes up others as comp Sold in 19 days to all cash buyer with 7 day close Anyway, great info you are putting out
@The_Laid_Off_Life
14 сағат бұрын
Btw to answer to $64,000 question where is the savior? He immigrated recently and has started to work. Approx 30-36 months later, the immigrants often begin to form households and will enter the house buying market........... Look at the Ohio situation. Mass immigration and the home prices ultimately went ..... up
@kathleenking47
14 сағат бұрын
Especially after Helene Insurance would be way too high
@sycamore2789
14 сағат бұрын
The houses are so overpriced that $50,000 lower isn’t low enough.
@HubertGeorge
12 сағат бұрын
50k would make my house still 50% gain over the price i paid in 2021 with a 2.75% 30 year loan.
@skil101
11 сағат бұрын
this ud the part he forgets to mention
@dethray1000
9 сағат бұрын
in vegas the average house selling for 600k today was only worth a little over 200 k in 2016-we are heading back to those values--i have owned over 75 or so houses- it goes up and then people are in to much debt and have to sell--7 to 8 year cycles-up 7 years,down for 7 years--been doing this since the beginning of time
@henrythegreatamerican8136
8 сағат бұрын
Yea, a Florida house I sold in March 2022 for $375k had a listed estimate peak valuation of $480k a few months ago. I just checked a few minutes ago and the new estimated value is $440k
@JamesAllen-xk8bc
3 сағат бұрын
Bull.
@TS-rd7oy
14 сағат бұрын
I bought a house in Lutz, FL just north of Tampa, in 2016 for 125K, sold in 2021 for 256K. In 2022 the owners listed it for 435K!!!! How utterly ridiculous. Let it all crash.
@ttgk8506
14 сағат бұрын
Same story with my parents. Sold their house in 2019 for 238k and it sold for 515k 2022. Absolutely unsustainable
@Singlesix6
13 сағат бұрын
If the dollar was truly worth half as much as it was in 2021 the proper price would be double the 256k price in 2021 - that would be 512k !!!
@kevinc8811
12 сағат бұрын
@@Singlesix6 True
@mrbHanoi
10 сағат бұрын
Greed
@DirectedVerdict
10 сағат бұрын
I like that area. I used to stay in the residence there when I was in the area for business
@LeahLewis-ny9iu
10 сағат бұрын
I'm eagerly looking forward to a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also considering investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen significant trading profits, but there are concerns about the market's instability and the chance of a dead cat bounce. Could you explain why this market phenomenon occurs?
@OliverLiam-px3vx
10 сағат бұрын
Investing in both real estate and stocks could indeed be a wise choice, particularly when accompanied by a carefully crafted trading plan to maneuver through profitable prospects.
@BrianAlbert-hh3pi
10 сағат бұрын
In challenging market conditions, it's not about mistakes; it's more about lacking the expertise to thrive. During such times, seasoned individuals who weathered the 2008 financial crisis are best positioned to foresee substantial gains.
@EricaWaters-lr6zw
10 сағат бұрын
Contemplating the idea of consulting advisors for guidance has been occupying my thoughts lately. I'm at a point where seeking counsel could be beneficial, but I'm uncertain about the tangible advantages their services could provide.
@BrianAlbert-hh3pi
10 сағат бұрын
Desiree Ruth Hoffman, my CFA, boasts a stellar reputation in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking financial market advice.
@OliverLiam-px3vx
10 сағат бұрын
I appreciate this advice. Desiree seems to possess a wealth of knowledge. Upon reviewing her online profile, I meticulously examined her resume, which left a strong impression. I have initiated contact with her and scheduled a session.
@Zippy1415
14 сағат бұрын
$435 for a $200 house is still insane
@kernelkorn6545
15 сағат бұрын
Don’t buy a blackstone owned property. They’re counting on some sucker to bail them out. Let em eat the property taxes and insurance payments.
@dmaster6088
14 сағат бұрын
Blackstone don’t need to pay taxes they own the government
@HenrykSienkaniec
12 сағат бұрын
Don’t buy homes from scammers
@gerrybyrne5636
12 сағат бұрын
Their buddy Ron will bail them out.
@picandvideo
10 сағат бұрын
Uncle Sam pays expenses for BlackStone. Let those properties turn into coral 🪸.
@jayogee913
7 сағат бұрын
I mean, I'd give them maybe $20k for one, lol! Not a penny more!
@rickss69
15 сағат бұрын
What is not being reported is even with a $50K cut these homes are still inflated in price.
@nophiliamurphy8749
14 сағат бұрын
I could build a better-looking house out of popsicle sticks!😂😅😂
@fenwer4387
13 сағат бұрын
5 years ago, house was 350k. They inflate to 700k. Even 50k off, house still high. No crash, no crash
@deseosuho
13 сағат бұрын
Inflation hits everything. Even if we have a crash as big as the GFC you won't ever see 2015 prices again.
@gerrybyrne5636
12 сағат бұрын
And not selling. You'd be crazy to buy in Florida. Why would you put yerself in that quagmire, most corrupt state in the union. Full of grifters and con artists in office.
@kylegrant9980
12 сағат бұрын
Home prices hit a record high again this month.
@dawson0610
15 сағат бұрын
Many of those houses look like $150-200k homes at best. Its beyond me how people wast money on junk homes.
@cabot100
14 сағат бұрын
In general home prices are regional, in some areas homes like those in the video would be work north of a million dollars.
@dawson0610
14 сағат бұрын
@@cabot100 Those homes did not look like they are million dollar homes.
@phreedomphile
14 сағат бұрын
Yep, that home in Punta Gorda was last purchased in Sept 2022 for only $47K (asking price was $49.9K), with the previous and first sale in August 1996 for $75K. Listed in December 2023 for $525K. Crazy greedflation.
@cabot100
14 сағат бұрын
@@dawson0610 n general home prices are regional, in some areas homes like those in the video would be work north of a million dollars. In other markets homes like these might be valued closer to 150 thousand dollars. What part of home prices are regional is difficult to comprehend?
@dawson0610
14 сағат бұрын
@@phreedomphile Well 47k for a home is cheap but I think you meant 470k?
@kpkc4931
15 сағат бұрын
My co-worker has investment properties in FL, he thinks only % rates matter and believes he won’t be forced to reduce listing prices. He will be left holding the bag.
@Keri1986
14 сағат бұрын
Same.
@kcor4
14 сағат бұрын
I'm in Florida. I hardly give a shit about rates. The rates are moot if a shit box is $500k. The rate could be 0%. The prices are absurd.
@AnonymousPerson0182
14 сағат бұрын
He may lose everything due to his greed.
@nophiliamurphy8749
14 сағат бұрын
Good for him. This is what happens when your whole livelihood is based on cheating other people.
@bymilliebphotography8249
9 сағат бұрын
Your co-worker is in for a world of hurt. It's SO obvious when you look through Zillow and see all the price cuts. Listing agents are already using phrases like "motivated seller" and seller will pay $10K towards buyer's closing costs. Your friend is going to lose thousands, but true buy n hold investors will stick it out if they had a good plan to begin with. Unfortunately we will also be seeing alot of foreclosures, short sales and auctions. Anyone who bought high in 2022-2024 may soon owe more than the house is worth. Some sellers will have to write checks to sell their houses.
@daviddent3351
14 сағат бұрын
US home transaction volume so far in 2024 is the LOWEST IN 30 YEARS. When transaction volume collapses, prices decrease in the subsequent year. Be careful everyone.
@TravelTechie415
14 сағат бұрын
40k lost on the 200k they're trying to sell for .. still not enough, prices are too high 💯💯💯
@sonofrobert
14 сағат бұрын
That's not a loss, the houses were very overinflated and should have never been that expensive!
@Vin-pd7mh
14 сағат бұрын
This is just the beginning.... Most buyers from last couple of years are going to be UNDERWATER and will have NEGATIVE CAP RATE for years to come.
@johnbennett757
13 сағат бұрын
First, buy a house that you want to live in for 10 years minimum. Buying a house in 2022 and then trying to sell in 2024 is crazy.
@xaviercasaled5284
6 сағат бұрын
They are probably forced to sell for some reason like unemployment
@dmoore2732
6 сағат бұрын
@@xaviercasaled5284 No. Most thought they would be able to flip.
@Lj_Steel
10 сағат бұрын
Your research and up to date information on the Florida housing market is priceless. Thanks so much. We love your channel!
@StevenMacQuarrie
15 сағат бұрын
It's not a bloodbath, it's an end to "free money." While the rest of us were getting 10% and 20% raises since 2019, our living costs (for tenants) has gone up 40% no exaggeration. The "Great Correction" will bring us back to 2013 prices and wages (which will fall). The economy will function again as long as the government ends speculation with high taxes on capital gains and speculation. We must do this to survive, the rich will just have to pay.
@rp-wb6xn
14 сағат бұрын
There’s no capital gains if you sell at a loss
@UnseemlyGenie00
11 сағат бұрын
Lol you think the rich will pay anything
@nameblocked
15 сағат бұрын
Great news. It would be excellent if the prices dropped at least another 50%. DO NOT OVERPAY for overpriced homes 😊
@mrbHanoi
10 сағат бұрын
Agree boycott till 50% drop
@barbslife5460
4 сағат бұрын
Good luck with that 😂
@mrbHanoi
4 сағат бұрын
@@barbslife5460 There are other countries Expat 37 years 3 houses outside USA.
@matthewbrandley9027
15 сағат бұрын
I can't feel sorry for people that were foolish to buy at the peak and now losing big
@je5406
15 сағат бұрын
@@matthewbrandley9027 If they bought with the intent to live in the home 10+ years then the timing doesnt matter. They will be better off than those who keep perpetually waiting for the bottom.
@Alex-de8kd
15 сағат бұрын
Those greedy pigs fomoed into it and started bidding wars driving the prices higher up. The same people laughed at those who checked out of this garbage, housing market. Now it’s catching up with them. Nothing to celebrate here and nothing to feel sorry about.
@AaronEmerald
14 сағат бұрын
You know some people actually bought because they needed a place to live firstly.
@kpkc4931
14 сағат бұрын
@@AaronEmerald nobody HAS to purchase a home
@AaronEmerald
14 сағат бұрын
@@kpkc4931 yeah and I don’t have to wipe my butt either after dropping a load but it’s nice isn’t it?
@breadnaut3087
15 сағат бұрын
Thats a 200k house at best. Its just an ugly box with the typical ugly cheapo laminate flooring.
@chemicalhalf
14 сағат бұрын
I've had my eye on a townhouse in Seattle. It's been listed for about 6 months. Initially listed at just under 900k. Since initial listing it has dropped over $120k. Still no takers in about 3 weeks at that price... It was purchased about the peak of the market, and they are taking a loss at this price. One of the nicest parts of Seattle as well. Pretty wild. At the same time, I see people snapping up 1 bed houses for $750k. I'm just unwilling to spend a high percent of my income on a house payment in this uncertain economy, with jobs and wages also uncertain.
@Markham12thcentury
6 сағат бұрын
Washington real estate has gotten out of hand. I lived in Spokane, back from 2010 until 2014 (Also lived in Florida. Yeah, I get around) and back then, there were split-level, four bedroom, 2 bath houses for $145K. Some were even cheaper, at $130K. It's obscene what the prices have become. All to live in a Liberal Marxist hellhole? Nah. Hard pass for me.
@3beltwesty
2 сағат бұрын
Relative bought a house in Queen Anne in 1978 for about 72k. Had to put 20k down. They lived in this boarding house in the 1970s with a dozen roommates to squirrel away that 20k. That house was sold in 2011 for 510k . Was on market at 1.3 million this summer. House was built in 1908
@Mtbr_Cody
12 сағат бұрын
I live outside of Chicago. The asking price for the houses in my area are outrageous.
@douglasstone3813
15 сағат бұрын
Time for these rent seekers and speculators to bend over and say aaaah!
@DM-hr8so
15 сағат бұрын
Tampa Metro is DONE! Sell now if you can, may be your last chance.
@alterfloyd1
14 сағат бұрын
And all that inventory coming.
@kpkc4931
14 сағат бұрын
@@DM-hr8so tons of FLOODED and damaged homes. Can’t wait to see how things shake out in FL especially TB and St. Pete
@gerrybyrne5636
12 сағат бұрын
Don't buy anything in Florida. Period.
@kevinc8811
12 сағат бұрын
@@kpkc4931 If they can’t afford to rebuild, someone who can easily afford it will.
@raulp8191
14 сағат бұрын
I just had a realtor in Orlando tell us to “buy within the next month instead of waiting for a year because prices are up”. I told them my data source, reventure app, and they said they had never heard of it, and that the national association for realtors says prices are up in Orlando. I also mentioned the interest rates are projected to be around 200 basis points lower (fed dot plot projection), and he scoffed and just said “we have different view points and that’s ok. We will see where prices are in a year”. Rubbed us the wrong way, to the point where my partner said she wouldn’t have bought the house even if it had been fairly priced and she loved it just because he would have been involved
@magiala5577
13 сағат бұрын
That realtor sounds like a typical Florida asshole
@zacklewis342
12 сағат бұрын
I work with realtors. They ALL buy into the culture of delusion and few pay attention to any macroeconomics. Just like stock brokers, they will all tell you the numbers only go up!
@bryanleverett2830
12 сағат бұрын
No one in Orlando would be foolish or purposely misleading lmao. Also…. Wanna buy a dodge charger from Miami ? Clean title, one owner lol
@raulp8191
12 сағат бұрын
@@bryanleverett2830 💀💀💀
@rubenmejia942
9 сағат бұрын
The reality is that realtors are completely overrated and many times useless. I think I will be ready to buy a house for myself sometime next year. I seriously would prefer to deal directly with the seller and simply pay an attorney to file all the legal paperwork. We all would save money and wouldn't have to pay some loser a commission.
@joechang8696
13 сағат бұрын
the problem is that the price drops may not matter, the low quality builder houses had too many short cuts that they are not worth the cost of construction
@markgotschall2914
15 сағат бұрын
2007-2008 all over again.
@douglasstone3813
15 сағат бұрын
People will wish it was, this is going to be worse because home were not overvalued then plus many other reasons.
@je5406
15 сағат бұрын
Meh. Wake me up when we see it in all 50 states
@MartinezRE1
15 сағат бұрын
@@je5406facts
@SRsizz
14 сағат бұрын
Way worse then 2008!!
@keyisersoze
14 сағат бұрын
House collapse is the price of inequality.
@Jithu_VA
13 сағат бұрын
I have seen and learned from 2007 . I am not stupid to fall for this inflated prices . I feel for folks who bought cars ,homes in 2022/ 2023 . It will take a decade for them to recover !
@jackgoldman1
14 сағат бұрын
The house is "worth" what it rents for. People are buying all over Florida at half price, cash now, as is. If the house rents for $2,000 per month it is worth 1% as rent or $200,000. The house is worth the cash flow, not the sellers fantasies. Few houses are priced for rent. The problem is if financed the house will lose money if over paying. Most people don't have to sell and would rather hang on. I understand your show is one big infomercial, selling reventure "app". Agents have this information for free.
@bymilliebphotography8249
9 сағат бұрын
Correction... the house is worth what someone is willing to pay for it. The real question is, if you need to get financing to buy it, will the house appraise? In this declining market, we are going to see more loans fall apart before getting to the closing table. If you are an investor, then I can understand why you think that the house is worth what it can rent for. More homeowners need to think less emotionally and think like investors. It's an asset and for most people their nest egg.
@vapeking466
7 сағат бұрын
Unfortunately most of us are not agents nor do we trust them.
@rickmohr8161
15 сағат бұрын
What goes up must come down. Never buy during a bubble.
@DannyFyffe
13 сағат бұрын
What? Someone here besides myself understands basic economics? Thanks for saying what I have for years.
@sureshkaran
14 сағат бұрын
I've seen $50k - $100k price cuts in some San Diego listings!!
@smokeandmirrors5656
10 сағат бұрын
Amazing for SD. They kept defying gravity.
@pamholloway-jw3cz
7 сағат бұрын
I love hearing this because houses are unaffordable for most normal working people in America. I am happy these people who had the money to buy at the peak will have to take a loss because they were part of the problem. We should have boycotted buying at higher prices
@WillieFungo
15 сағат бұрын
Wow, good thing there is a whole wide world outside of Florida.
@ArterMarie
13 сағат бұрын
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k last year 2023, God bless America ❤️🇺🇲
@JohnsonMelcon
13 сағат бұрын
Hello, how do you achieve such biweekly returns? As a single parent i haven't been able to get my own house due to financial struggles, but my faith in God remains strong.
@judehycent
13 сағат бұрын
I'm inspired. Please spill some sugar about the biweekly stuff you mentioned
@ArterMarie
13 сағат бұрын
I raised 75k and Kate Elizabeth Becherer is to be thanked. I got myself my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her.Kate Elizabeth Becherer is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!
@JenniferGregory-xw5lj
13 сағат бұрын
This is a definition of God's unending provisions for his people. God remains faithful to his words. 🙏 I received this for my household
@JosephineRoyce-xx7gm
13 сағат бұрын
Wow 😱 I know her too Miss Kate Elizabeth Becherer is a remarkable individual who has brought immense positivity and inspiration into my life.
@surflifeimages
14 сағат бұрын
I remember you calling this trend a couple years ago. Idaho exploding, Florida exploding. And you kept saying and showing that "the faster they rise, the faster they fall" Your foresight is coming to fruition! Good job.... You were spot on correct.
@RFJersey
14 сағат бұрын
Not really
@je5406
14 сағат бұрын
@@surflifeimages Even with a 25% drop, the price in the majority of the US will still be higher than when he began crying wolf in 2021.
@xray606
14 сағат бұрын
I'm in a McMansion rebuild hood in LA. Just in the last few months they finally hit the wall. Numerous finished houses just sitting. A year ago they would have never even needed to put a sign up. The hilarious part, is that you have the clowns late to the game who built houses recently and listed them for double or even triple the going price for the area. One house these guys are asking 6.5 mil for a house that has a school yard on two sides, and average price in the hood is 1.6 to 2. Insanity. It's like some of these guys are living in an alternate universe.
@Jaysun1
14 сағат бұрын
Apparently there's another big storm brewing that might be headed to the Tampa area. The Gulf coast has been getting wrecked over the last few years.
@bryanleverett2830
12 сағат бұрын
Good time to own a 3million dollar house on the water. Get the insurance (tax payers) to rebuild your house so you can sell in. THANX CITIZENS !!!
@davidjensen4793
15 сағат бұрын
Affordability with high inflation for basics! The average person is tapped out of money.
@gjsthreefoursevinoneone8945
15 сағат бұрын
For years the houses that Nick is highlighting, were known as firs time home buyers houses. Old, old neighborhoods, small sf,.not so attractive. These perfumed pigs are primped up with laminate floors, coat of paint and Home Depot cabinets. Priced way over real value
@TheExtaliber
7 сағат бұрын
we live in odessa and 2 homes sold in our neighborhood for near 1mill but these homes are 600k homes, one buyer was from arizona the other was from oregon they are gonna get hosed. Those 2 houses were on the market for only 14 days and i noticed the only houses being bought were the real expensive ones and its crazy to see these higher tax bracket houses also crash down to reality. People are gonna lose all their equity on fomo moving to fl.
@rayzimmerman2242
14 сағат бұрын
Comments at 10:00 Real price on a house should be what does it cost to build that house; used to be basic construction $100/sq ft: moderate upgrades $125/sq ft: Executive upgrades $150/sq ft add maybe $60K for lot and utility connections, and that is what the property is worth. This is the formula Blackstone used in buying the properties; asked local contractor what would be cost to build the house, then bid $1 over that cost. Or look at the value the homeowners insurance has on the house; insurance will not pay more to rebuild a house. We need to do away with comps and "what the market will bear" pricing so we do not have future boom and bust housing cycles.
@ElisaOKeefeSmith
12 сағат бұрын
Great information
@SignalCorps1
11 сағат бұрын
I agree but construction costs are higher than that now. Mid quality construction in my area is about $165-180/sqft + $15-20k for the lot. High quality, non-custom homes run about $200-200/sqft and are typically on $50k+ lots
@georob7918
14 сағат бұрын
Buyers are very nervous about buying/getting stuck with a flood house. Florida has to pass a disclosure law that sellers have to advise if their home had flood damage over 5k in last 5 years. Should be civil or criminal penalties.
@jimsullins9162
14 сағат бұрын
Bifurcated ?! Wow Nick, that's a good word :)
@rosemariekarg5231
12 сағат бұрын
Excellent! Enjoyed this. Spot on.
@jgal1231
15 сағат бұрын
Florida living is also known as "Living on a Giant Sandbar."
@karinaoliveira3988
14 сағат бұрын
I offered $9,000 less than asking price and seller in central Florida did not accept my offer. They will still walk away with $200k after closing from a purchase they did 4 years ago. I walked away.
@georob7918
14 сағат бұрын
Just wait for lower prices. Owners are still holding out for max profit. Watch out for vinyl laminate flooring on existing homes. Cheap flood repairs.
@Shulamite_Bride555
13 сағат бұрын
Today they are calling for up to 30 inches of rain for central Florida by next week and another possible hurricane.. you probably dodged a bullet by walking away! Not to mention you still would have been over paying by tens of thousands!
@karinaoliveira3988
13 сағат бұрын
@@Shulamite_Bride555 also with was a Dr Horton build so, HOA CDD and I am pretty sure high taxes and insurance. So honestly to rent a similar house would be $2,800, the mortgage on this property $5,000. I will just wait. But my realtor was not Happy, telling me that next year the price will be $100,000 more and then I can refinance to a lower rate.
@rubenmejia942
9 сағат бұрын
Keep your eye on the house. When the seller cuts the price, offer $9000 below the new price. 😂
@JuancoPRoFlow
9 сағат бұрын
What part exactly?
@MattMatt77
12 сағат бұрын
To add. Many people was paying over asking price. So now the house is just selling for what it should have sold for... 🤷♂️
@pistol90pete
15 сағат бұрын
Good luck insuring a very old, wood frame, two story house in St Pete or anywhere in FL for that matter. Worst case risk scenario for homeowners. Hopefully it's out of the flood zone.
@DirectedVerdict
10 сағат бұрын
We got ahead of the market when we sold our house a few months ago (Saint Augustine). We couldn’t get any showings and had to make drastic price drops to get any traffic. The Florida market is in big trouble. We came out ahead because we built right before Covid, but from the peak we had to lower our price 15% just to get under contract. Luckily we closed and have moved on.
@JuancoPRoFlow
9 сағат бұрын
Why did you sell?
@mikejones3155
15 сағат бұрын
Those examples don’t include realtor fees and closing cost if they do get to closing they will be loosing even more , just to get it sold .. but they are bleeding money every month with carry cost . Utilities, upkeep and Mortgage payments and insurance..!!
@alyross2850
15 сағат бұрын
Even if you can afford it, you don’t know what outrageous costs are coming. They can keep em.
You can't lose money on insanely over-priced homes, unless you are too greedy, which can be common these days.
@Antonio-ti2he
6 сағат бұрын
I quote, "Don't need to pay a high price to get a quality product !" And that my friends sums up my thoughts on just about everything. 🤣😂🤣😂
@tomd5178
15 сағат бұрын
When you go to Ocala, you should go over to The Villages. Only about 20 miles away. Lots of crazy sellers there in that huge retirement community
@SC-sh6ux
14 сағат бұрын
Gen X is too small of a generation to buy all the former homes of the retired boomers.
@gerrybyrne5636
12 сағат бұрын
Leave them holding the bag.
@bryanleverett2830
12 сағат бұрын
Lots of STD’s in that area. Those old people be bang’n !!!
@jimshoe402
2 сағат бұрын
I watch Skip there in 10years if not now just an Overpriced Village.Not what it was.😝
@marksweeney5237
15 сағат бұрын
*That is not a home.......its a white box with two windows*
@larryknowles5010
30 минут бұрын
Like always Nick your knowledge about local Floridians is impeccable! Coming from a local I have witnessed it all and now I can finally see home prices coming down! Really Nick! I love the Raybans! Keep up the great work! Larry K Melbourne-Cocoa Space Coast
@BrianLyke
15 сағат бұрын
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
@Lionadmike
15 сағат бұрын
Wow you give me hope
@Lionadmike
15 сағат бұрын
Am 49..am From Michigan…
@GabbyMJ-md2rs
15 сағат бұрын
Please how's that possible, I'm curious
@GabbyMJ-md2rs
15 сағат бұрын
Please how do i go about it, am still a newbie on investment trading and how can I make profit?
@BrianLyke
15 сағат бұрын
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Sonia
@cpe1704tks.
13 сағат бұрын
Consider also those selling at a loss are eating loan interest, taxes, insurance, and repair expenses. Basically, double the listing price cut. Wham !
@gregabrams5792
8 сағат бұрын
Please do more videos about people leaving florida and what states they are fleeing too!
@The_Forever_Soldier
12 сағат бұрын
These Florida videos are great. Thank you. 😁
@LoveDoctorDiggs
15 сағат бұрын
It doenst matter if all the new housing is all over $400,000 and all the old housing worth buying is over $300,000. Its not about buying a house its about buying the dream house. The dream house is priced out for all the average home buyers. When the dream house''s comes down to $250k then the high intrest rates becom manageable. No reason for any one to be paying over $2,500 a month thats property tax included, for a 3 bed 2 bath. -__-
@Dsgn7
15 сағат бұрын
It's only a .5% interest rate cut so far. Needs to drop much further.
@WasteDeep
15 сағат бұрын
Nah, we need higher interest rates to keep inflation low.
@jonathantaylor6926
14 сағат бұрын
The bond market doesn't care about the FED's overnight rate. Since the FED's 50 point cut the 10 year UST is up 40 points.. mortgage rates will be higher tomorrow than they were before the FED cut.
@Zippy1415
14 сағат бұрын
Talk to Michael Bordenaro for sunglasses advice 😸
@beckytourian
13 сағат бұрын
😎
@Baebon6259
14 сағат бұрын
425k for 1 garage? Yeah...no. On the bright side, I can't wait for sub 300k.
@argentpur86
15 сағат бұрын
Interest rates have gone UP since the Fed rate "Cut". The bond buyers might Finally be calling the Fed's bluff.
@timinclt7895
16 минут бұрын
Outstanding information! Thank you
@advertisercommerce6990
14 сағат бұрын
When prices get back to to 30% of the average persons salary, then I will re enter the market. The price of homes are unrealistic.
@WmJames-rx8go
11 сағат бұрын
25 percent...
@bryanleverett2830
12 сағат бұрын
lol. You nailed it. Everyone thinks they are gonna get what the people down the street got 2 years ago. Never thought “Yankee’s go home !!” Would work. But glad it is.
@Fuxerz
14 сағат бұрын
Great news for buyers. Wait buyers
@sosolovely8912
15 сағат бұрын
Prices are finally dropping in Central Jersey.
@AnonymousPerson0182
14 сағат бұрын
Houses are sitting in Maryland, with some price drops. But, sellers are still thinking it's 2021 and pricing high. More listings being pulled from the market because of that.
@kylegrant9980
12 сағат бұрын
Homes hit record highs this month.
@MrNunya-ci6lm
8 сағат бұрын
Love ur show brother!
@SC-sh6ux
14 сағат бұрын
3:14 Listing of burned down house still smoking: 3919 Alabama Ave St. Pete 💨 Listing of flooded mud filled house for ~1mil: 430 115th Ave Treasure Island 🤮
@glebb215
14 сағат бұрын
Thanks for all your hard work.
@3beltwesty
2 сағат бұрын
My grandparents on one side of the family lost their land in the 1930s depression due to property taxes
@nole8923
9 сағат бұрын
A year ago I was telling people on KZitem that if you buy now in Florida you’re going to take a bath.
@georgerhone4106
10 сағат бұрын
Think of it like this people are going to wait for the market to completely collapse before they put any money into it.
@acmecompany
13 сағат бұрын
Florida is so overpopulated,overbuilt! The whole state is asphalt, concrete, crime, high utilities, traffic, highest insurance premiums in the country
@kayamann321
13 сағат бұрын
No, no no no no, it was never about the actual inventory… housing is probably the most manipulated market out there!
@PascualMorales-py6gd
8 сағат бұрын
i did an open house for a home for another agent in seminole heights in tampa back in march. it was a 3 bed, 2 bath, 1300 sqft home (starter home basically). it was initially listed at $535k when in march of 24. the owner bought the house not even a full year before in june of 23 for $450k. its been sitting on the market for so long and it is now down to $469k right now. the thing is, if the seller was more reasonable with the price in the beginning and put the pricing at maybe $480k before the market started crashing, they would have sold it a long time ago and would have broke even at worst. those sellers got way too greedy and now theyre paying the price for it, even if they sell it at $469k which they definitely are not, they are still gonna lose money after closing costs.
@untheist5533
5 сағат бұрын
These properties are like automobiles. The inventory is up, no one is buying & values are depreciating but NOBODY wants to face reality then drop the prices. It is insane.
@joelmallison
14 сағат бұрын
The house in Punta Gorda and the Blackstone house in St. Pete are both pending
@DavidDietz38
14 сағат бұрын
Anyone who'd buy a house as hideously bland and fugly as that first house, probably had it coming to them.
@SC-or2ek
13 сағат бұрын
I knew it eventually it will come crashing. Good time doesn't last . Last time I bought was 2013 and the price was 265k and 450k all in California near the coast. People that got suck in to Buy are FOMO . They over paid by 75% to 95% .I feel sorry for them 😢
@aaronelliott413
8 сағат бұрын
all these remote workers getting called back because the companies are hoping a % of them will quite so they don't have to do layoffs!!!
@LouisJanYoung
10 сағат бұрын
And 30 year mortgage rates went up .27 ( over a quarter point) TODAY!
@ThomasMHP-we2mt
Сағат бұрын
I live right where you're walking . Your stuff is right on the mark . 😊
@juliorivas7428
14 сағат бұрын
Your presentations emphasize the areas of the country that became overbought; yet your reventure app (which is very informative) shows multiple areas in the country that have severe inventory shortages, and where the prices are still rising. Also, we are already in a recession, and the Fed is behind the curve on lowering rates. As the Fed rushes to lower rates in December/24 through May/25 (mortgage rates are, on a 15-year historical basis, still too high), regional housing markets where inventory is low will experience strong sales.
@drewkantos
8 сағат бұрын
I was part of the sound team for Breaking Bad! ;)
@damiongray97
10 сағат бұрын
This brings a small smile to my face.
@bbustin1747
11 сағат бұрын
Capitulation isn’t capitulation until there’s alligator tears in the streets and those hedge fund managers starting getting fired from their greedy poor investment buying decisions.
@Particamuwowo
Сағат бұрын
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
@DanielleB.Wooten
Сағат бұрын
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
@StephanieG.Augustus
Сағат бұрын
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.
@KarenJ.Mancia
Сағат бұрын
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
@StephanieG.Augustus
Сағат бұрын
'Stacy Lynn Staples' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@CharlesT.Foster
Сағат бұрын
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
@anonimity1174
10 сағат бұрын
Even near bay area house price are being cut down to 20-50k BUT still it still expensive. My renting is much lower ~40%. People say NO to rent and rather buy a house because renting is waste BUT I laugh. People do not realize that living healthy is much better than being so stress of paying such a house. People live 75 years in average so it is better to live below your means in the USA and live to other countries someday to enjoy the remaining years and even live longer there. And note technology is so accessible that even when you are in other countries you can sell services to USA etc... So think wisely, especially to new immigrants like me.
@williebrown1974
12 сағат бұрын
I wish we had this in Las Vegas. Nothing is budging and rents keep rising.
@bymilliebphotography8249
9 сағат бұрын
If you are from Florida, have you guys all noticed how many houses for sale on the MLS are sitting EMPTY??? Looks like a lot of investors are trying to cash out. This is just the beginning. Have you all noticed how many new construction houses are popping up all over Zillow? So, inventory is rising. Have you all noticed how rents are also dropping? Sellers were sitting on those 3-4% mortgage rates and not budging on their prices and NOW they're in for a rude awakening. Builders are offering incentives and rate buydowns and landlords are also offering 1-2 months free rent. It's a buyer's/ renter's market now. I don't think that most homeowners are aware. Nor do I think that most listing agents are aware at all. it's taking considerably longer to sell and you can smell the desperation on these listing with the repeated price cuts. This is going to get messy.
@AmandaBarcelloAzRealtor
15 сағат бұрын
Same in phx area.
@BPoweredLove
15 сағат бұрын
Absolutely. The Phoenix RE is wrecked and getting worse. There are so, so many STRs hitting the market being sold by people who thought they'd always be able to get $10,000/mo because of our seasonal tourism. Inventory/housing supply is skyrocketing.
@BPoweredLove
15 сағат бұрын
The good news for RE pros is that once people price their homes correctly, transactions will start cranking up again.
@AmandaBarcelloAzRealtor
14 сағат бұрын
@@BPoweredLove for sure! I have some clients that are over priced and can’t come to terms that the market is not the same and that they over paid 2 years ago.
@cherylcampbell7495
14 сағат бұрын
Can’t believe over 400 sun city, old sun city homes for sale over $300,000 in AZ. Aluminum wiring and ancient plumbing/pipes.
@smokeandmirrors5656
10 сағат бұрын
@@cherylcampbell7495crap houses just west of I17, lipstick on a pig reno's, and in not so good neighborhoods asking insane prices. Glad to see prices coming down.
@donnavalliere8722
14 сағат бұрын
Can't say I feel sorry for these people their greed got them into this problem, caused over inflated home prices, all to make a quick buck and keeping people from being able to afford housing. They are getting what they deserve as far as I'm concerned.
@KK-pm7ud
8 сағат бұрын
Florida again. Over and over and over. It's a broken record.
@AnonymousPerson0182
7 сағат бұрын
Yep
@javednurse7561
34 минут бұрын
Hi Nick, there is a house in South East FL that I see everyday. Someone paid $900k for it in April 2022, did some minor repairs and a repaint. Then listed it for $1.1m in April 2023, they also tried to rent it for $8k per month. Its now listed for $855k or rent at $5600 per month. Its still sitting empty.
@SwissTanuki
15 сағат бұрын
So the market is correcting itself. Bad news for the home owners but good news for people.
@johnsaylor175
15 сағат бұрын
Everyone,,,, Nick is there for us,.. 😃👍
@AnonymousPerson0182
14 сағат бұрын
As long as you live in Florida! LOL
@TBone136
14 сағат бұрын
Your predictions are starting to hit reality. Falling knives in FL, Austin, TN, others...
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