I mean - I called it. But now that it's happening it's a bit surreal. First Key Homes is the 5th or 6th largest owner in America. And there's now examples popping up of them selling at a 25% loss. Up until now - we had seen less extreme examples of investors selling that I had reported on in previous videos. But this one is stark. You need to track the housing data in your city/ZIP code to see what's happening. Head to www.reventure.app right now to do that. Inventory/home value data is free.
@Hand_me_a_handle
Ай бұрын
This is America, not Cuba. I agree with you but freedom comes at a cost. I don't want the government telling anyone who can and who can't buy homes, cats, guns, or food.
@TruthbeforeTrust
Ай бұрын
@@Hand_me_a_handleExactly, If the American government wants to lockdown the economy and force people not to work. Then over print the dollar and cause massive inflation….to bad if people have to sell their homes to corporations. It’s America not cuba. If you lose regardless if the system is rigged you still lose. Your weak. Corporations will hopefully own everything. America!!🎉
@TruthbeforeTrust
Ай бұрын
I have been telling family and friends since about 2 years ago that the crash is coming. I told them all to buy gold, Sell stocks, Keep liquidity in case you need to shuffle assets. I even told them two years ago about the coming draft. They are now all looking at me and asking for my opinion now. Interesting how channels have finally started talking about this direction for about the last 6 months to now.
@dm-oz9yd
Ай бұрын
would never recommend shorting - but if one was crazy enough, is a company like First Key Homes publicly traded?
@alexnew4975
Ай бұрын
Nobody said I’m they would purchase high forever
@DonaldMark-ne7se
Ай бұрын
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
@NoorFrohock
Ай бұрын
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@Odmark-u5f
Ай бұрын
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
@Odmark-u5f
Ай бұрын
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
@PhilomenaCopple
Ай бұрын
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
@Odmark-u5f
Ай бұрын
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
@KarenLavia
Ай бұрын
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
@berniceburgos-
Ай бұрын
Contemplate shifting your investments from real estate to other dependable options such as stocks, cryptocurrencies, or precious metals. Severe recessions present potential buying opportunities in the market, but it's essential to approach them cautiously due to the volatility that can provide short-term trading possibilities. While not offering financial advice, it could be prudent to consider investing, given that holding onto cash may not be ideal during this period.
@PaulKatrina.
Ай бұрын
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@ScottKindle-bk3hx
Ай бұрын
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
@PaulKatrina.
Ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@Hectorkante
Ай бұрын
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
@PremSteve-yg4de
Ай бұрын
From my analysis, people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
@valeriepierre9778
Ай бұрын
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
@belobelonce35
Ай бұрын
Anticipate rising home prices due to inflation, potential economic fluctuations, and Federal Reserve actions, emphasizing the need for expert financial advice amid uncertainties.
@yolanderiche7476
Ай бұрын
Please can you leave the info of your invstment analyst here? I need such luck
@belobelonce35
Ай бұрын
Sharon Marissa Wolfe is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@fresnaygermain8180
Ай бұрын
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
@michaelschiemer3
Ай бұрын
Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
@derrickholfman2
Ай бұрын
The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
@Aarrenrhonda3
Ай бұрын
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
@Dantursi1
Ай бұрын
My partner’s been considering going the same route, could you share more info please on the advisor that guides you
@Aarrenrhonda3
Ай бұрын
Terri Annette Moore is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
@Aarrenrhonda3
Ай бұрын
Annette Christine Conte is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@kortyEdna825
Ай бұрын
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
@brucemichelle5689.
Ай бұрын
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
@foden700
Ай бұрын
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
@foden700
Ай бұрын
‘’Aileen Gertrude Tippy ’’ maintains an online presence. Just make a simple search for her name online.
@PatrickFitzgerald-cx6io
Ай бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@jamesgullo8240
Ай бұрын
@@PatrickFitzgerald-cx6io She doesnt exist, stop with the spam...
@barberdoug6930
Ай бұрын
A 45% Drop Across The Board Would Be A Good Start.
@lorraineperron4840
Ай бұрын
No fire sale and it is far different than 2007/2008. WHY, because condo fees have doubled and tripled, insurance costs have gone through the roof, repairs and reserves on most buildings are out of control so no real estate agents are willing to say that if you think you need $1500 a month then double the money to meet all the other expenses so you actually need $3000. I had no mortgage and I was priced out of my condo just because of the huge increase in condo fees, insurance, repairs, and taxes, huge. Just moved to Europe at 73 years old since USA is out of control.
@stephet3683
Ай бұрын
Never going to happen. The divide will likely only get worse. A decade of extremely low interest rates causing inflated property values means people will be holding on their properties and not selling. Supply will be constrained for a while and interest rates will likely be lowered next year if not later this year which will only accelerate the market even more.
@davisutton1
Ай бұрын
@@stephet3683 That's the dream but reality is likely very different. The assumption that lower interest rates will spur demand instantly is not at all likely. The conditions that foment a fall in interest rates are far more likely to subdue house prices.
@fighterpimp
Ай бұрын
@@lorraineperron4840 Europe is having worse inflation. I am confused.
@ManufacturedHousingExpert
Ай бұрын
Never going to happen
@Frankweily
Ай бұрын
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
@TheDayTheDay312
Ай бұрын
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@Duttonmuffins
Ай бұрын
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@Cottoncandyh
Ай бұрын
Do you mind sharing info on the adviser who assisted you?
@Duttonmuffins
Ай бұрын
Melissa Elise Robinson is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@Cottoncandyh
Ай бұрын
Wow, her track record looks really good from what I found online.i just searched her name and messaged her and I also scheduled a call with her
@michaellaw321
13 күн бұрын
I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
@kristianmyers53
13 күн бұрын
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
@Only1Steven
13 күн бұрын
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
@JosephMartin7226
13 күн бұрын
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
@andypadova
13 күн бұрын
this is all new to me, where do I find a fiduciary, can you recommend any?
@JosephMartin7226
13 күн бұрын
“Sharon Ann Meny” 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.
@user-qc4iu2cd7d
Ай бұрын
Even if prices were reduced by 50% in my area the homes still wouldn't be worth the asking price.
@shanerogers9386
Ай бұрын
You are correct!
@breadnaut3087
Ай бұрын
Ah you mean the idiots around here trying to sell 40 to 50 year old starter homes for 400k at about 1000 sq ft? 😆 You are correct. Those houses arent worth 200k.
@allanbauer4076
Ай бұрын
@@breadnaut3087 the sad part is there are still stupid people buying them. Only need one idiot to buy the overpriced home. I can't believe the housing market hasn't crashed already. I guess there are more stupid people than I thought
@wwjccsd
Ай бұрын
@@breadnaut3087 @user-qc4iu2cd7d the homes are worth what people paid. Just because you're a brokie doesn't mean everyone is/was.
@mingazzini
Ай бұрын
@@breadnaut3087utter shacks in SW CO going for $600-$800M. I wouldn’t offer more than 30% of ask price, for a “good” shack.
@cantstandtheestablishment4004
Ай бұрын
I am THRILLED these investment companies are taking losses on these homes. They have NO BUSINESS buying single family homes and renting them or leasing them. If I was in government, I would make it illegal for investment companies to buy single family homes. It unnecessarily drives up prices, making it more difficult for regular people to buy. They prevent people from building wealth.
@droyal104
Ай бұрын
... their so called loses are tax deductable... No losses they get...??? Holes they've dug.. eyes Wide open.
@FraaaaaankRizzo
Ай бұрын
A company should not be allowed to buy multiple SINGLE family homes. This is the problem.
@jeffreyfoster4260
Ай бұрын
👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽
@MikeDeacon76
Ай бұрын
So what do people do who can't live in an apartment and can't afford to buy a home do if they can't rent a single family home?
@geoalpha
Ай бұрын
@@MikeDeacon76why can't they live in an apartment?
@clivewarner2162
Ай бұрын
Investors should be banned from buying houses. Houses are for people, not shitty Wall Street.
@XYZ-bi9eb
Ай бұрын
you got that right. investors have f**ked the real estate market so bad that even modest single family homes are unaffordable for most people. wall street can go to hell for all i care.
@bd825payne3
Ай бұрын
😂
@driz77
Ай бұрын
There's a bill before Congress to limit hedge fund investment into homes. In any case, large investment companies own just 3% of U.S. homes. Most investment homes are owned by small individual investors.
@Shulamite_Bride555
Ай бұрын
@@driz77 He just showed you V the correct number is 25%!! Are you even listening?
@davidmercer5561
Ай бұрын
I think it's ok for individuals to own a few rental properties, but giant hedge funds and corporations. or government entities buying up whole neighborhoods at a time needs to stop yesterday. This next crash should fix it.
@MaryLawson874
Ай бұрын
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@EdmundEthan093
Ай бұрын
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings losing value because of high inflation. Where else can we keep our money?
@roxdietren
Ай бұрын
@@EdmundEthan093 Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
@AlfredStephen127
Ай бұрын
@@roxdietren this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
@roxdietren
Ай бұрын
@@AlfredStephen127 My CFA claire robert's durand , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@AlfredStephen127
Ай бұрын
@@roxdietren Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent
@mariannorton4161
Ай бұрын
27 million homes are owned by investors - this should be a crime. There is no way housing should have been allowed to become investment capital. I hope they go broke and we finally find a way to own a home again.
@johnwalczak9202
Ай бұрын
no, the crime is bailing them out when bubble collapses.
@bovnycccoperalover3579
Ай бұрын
That began with the 1999:"Affordable Care Act", which of course, did the opposite q what it was supposed to do. Cooked up by Dodd-Frank, may their names live in infamy and signed by "Bubba" Clinton. Whether sheer incompetence or malicious, it eventually led to a crash in housing and in the stock market. I remember because I never recooped the money I lost in stock market crash. Color me bitter. Of course, in the nine years in between, the traders brokers etc. created instruments that made things worse, the SEC either did nothing or aided and abetted and the Bush administration were deaf, dumb and blind!😡😡😡😡
@bubbajones4522
Ай бұрын
Rentals should be illegal? Some people actually choose to rent.
@pilot41186
Ай бұрын
Screw you. Why should t people be able to buy invesent homes
@moneymanfernando1594
Ай бұрын
Exactly, ban corporations and hedge funds from buying single family homes.
@chuckchan4127
Ай бұрын
When people cannot buy a home, the value of the unsold home is $0.00
@bjb2099
Ай бұрын
You WISH!!!
@bitcoindaddy1
Ай бұрын
when people cannot buy a home, they rent. people need to live somewhere?
@Mark-gp3cc
Ай бұрын
The value of a home is a myth until it is sold.
@TruthbeforeTrust
Ай бұрын
Crazy how the state says your home is worth $1 million so we’re gonna tax you for that million. Even if the house cannot sell tire a million. Isn’t the value is the house based on what someone is willing to pay for it? Shouldn’t the assessed tax of a house be what it was last purchased for? That should be the standard. Your taxes should be what you purchased your home for, not some price tag the government places on your home that they themselves wouldn’t pay.
@bitcoindaddy1
Ай бұрын
Then why do banks use homes as collateral and securitization if they do not have value?
@Juliet875
Ай бұрын
Florida has always been a Boom/Bust State. It's Cyclical. Thanks Nick!
@billredding2000
Ай бұрын
I think the "self-contained" 55+ communities in central Florida are somewhat insulated from the craziness, which is one reason why they're called "Bubbles" (quite a world of their own in several ways). For sure they're insulated from the continuing mess we see in Miami with it's condo/home insurance issues. But then in those55+ :golf-car-focused" communities there are hardly any (IF any) condos -- just single-family/detached homes. Yet prices there are STILL quite affordable even now: From under $200K for an older (but still nice) home in The Villages to homes $1M+, so there's something for every budget. Am in West TX now (ELP) as I continue financial preparation (working on my DTI Ratio mainly) to BUY a property in late 2025/early2026 (when I'll be ready) and can only hope (1) we have more housing supply (especially new-builds/ new subdivisions) to lower home prices and (2) the mortgage interest rate is down to where I want it. But Plan A is to move back to CO (Springs) to buy. Plan B is FL (The Villages or OTOW), and Plan C is just stay here in ALREADY way cheaper TX. CO would be the most expensive place, but I like it there the most partly because I miss having 4 seasons, but if need be I could give that up moving to FL or staying in TX. Time will tell though as it all depends on where the housing market is in 2 years time. We can only make guess now as no one knows -- even the "experts." ;-) -- BR
@bitcoindaddy1
Ай бұрын
if so they why has median price homes have been parabolic last 100 years? especially post 2008 for TX and FL? Nick likes to cherry pick SW florida which is extreme condition.
@TchrisO123
Ай бұрын
@@bitcoindaddy1 The value of the home went up but the dollar has been debased much more, that's why.
@Kathy-ki8jw
Ай бұрын
ALWAYS
@Peepppinpppper
Ай бұрын
@@bitcoindaddy1can you elaborate I’m a little slow 🙏🏻
@cjonespe
Ай бұрын
I've worked for homebuilders for almost 2 decades. The unfinished house is typical - especially at that price point. The street view shows the house wasn't started at least in Sept 2023, so that's less than a year. Semi-custom builders will build out the house to a certain point but they want to get it under contract with a Buyer before finishing. At this price level, Buyers want to pick their own interior finishes, so you don't want to finish the house before selling it. Tract Builders finish homes before selling them. They're called spec homes. I assure you, nobody has "abandoned" this structure.
@brianf761
Ай бұрын
If my house value declined by 50 percent, I'd still be sitting pretty. I bought my house to live in until I retire and a value drop would lower my property taxes.
@Dudecifer
Ай бұрын
Would only lower your taxes by about $50-$100 dude
@autoimmunitycurse
Ай бұрын
It would save me a couple thousand Every year for 20+ years. Over life of mortgage, decrease taxes and insurance would equate to the 50% loss. But I don't intend on selling and property appreciates.
@frankyhonnolus5528
Ай бұрын
Yeah but owing more money than your property worth itself is already a pretty bad purchase. If you got mortgage to buy the home that’s even worse, as you’re paying pretty much tax + interest for first 10 years.
@eddiemalvin
Ай бұрын
If our home dropped 25% in value, it would still be more than what we paid for it in 2023. If we had to move, we could rent it and net $3k/month. Sometimes housing prices don't really matter.
@frankyhonnolus5528
Ай бұрын
@@eddiemalvin You expect your cash flow in your home to be $3K/month? Just from a single property? Don’t f-ing exaggerate. Even if it’s true, you won’t get that much money if at all in an environment you’re forced out of that property. Also it didn’t go up 25%. Stop the BS.
@tofubadguy
Ай бұрын
Keep your powder dry. Fire sales coming over the next few years! ❤❤❤
@StLbfdup
Ай бұрын
I’m praying southwest Florida has a big correction. I’m just looking for a house to retire, in 10/15 years. Got a good amount of cash saved I’m ready.
@iandalrymple7255
Ай бұрын
@@StLbfdupsame I want a vacation place down there.
@Bitachon
Ай бұрын
you think so? I hope so! I thought this for years and its only gone up!
@Yui789esss
Ай бұрын
@@StLbfduprates are high and prices are still high :.. what do you think will happen when the Fed cuts rates ?
@MrHVACguy71
Ай бұрын
that would be great, I lost my home in a divorce and have been stuck renting the last five years
@marka.8535
Ай бұрын
Some big factors here in Florida are rising property taxes, unaffordable homeowners insurance, a glut of brand new homes and apartments and less people moving in .
@mooping9398
Ай бұрын
Bingo. As a investor here in Southwest Florida that's exactly what I'm seeing
@LorddVader
Ай бұрын
Wait a few more months and buy a home for cheap and you can have no neighbors.
@vapeking466
Ай бұрын
I suspect weather is a concern for many. The weather has been ramped up.
@sssyria
Ай бұрын
We are luvin it
@enthused7591
Ай бұрын
I mean literally the single largest factor there is is the purchase price of a home being close to 45% more overpriced than in 2007 at the peak of the last bubble. Interest rates, taxes and insurance are just icing on the cake. Even with affordable insurance and 3% rates you'd need to be making $90,000+ a year to be able to afford a 3-bedroom fixer upper in most areas of Florida at around $300,000. Signing up for mortgages that equal over 38% of your net income monthly is what caused the foreclosure crisis in 2008 when unemployment skyrocketed, but in 2021-2023, millions signed up for mortgages at 44-46% of their net income and THEN their insurance, groceries, utilities, and transportation costs doubled.
@phyllisbobay1424
Ай бұрын
You made a comment about the builder not finishing the homes, probably running out of funds. In Cape Coral, the builders build the homes almost to completion. When the house is sold they then put in the appliances. If they do not CO the house they do not have to pay taxes on the house, they only pay the taxes on the dirt. Why would they finish the house if it is not sold?
@toddknode752
Ай бұрын
but they still made a big investment in buying the land and then building the property. How many half built homes can builders afford?
@nneisler
Ай бұрын
@@toddknode752not many. Mean they’ll walk away and the bank will own it
@Involent
Ай бұрын
What does CO stand for?
@jeffreyalexander9274
Ай бұрын
Certificate of Occupancy.
@VittoShulman
Ай бұрын
Or they cant find contractors to finish the building as everyone is very busy. I know a few contractors (and I was one too 😊) it seems starting multiple jobs and then leaving them all half finished is a standard business practice. Highly praized in their circles. They litarally boast to each other how many unfinished jobs they have 😊😊😊.
@justaviewer111
Ай бұрын
Oh, I feel SO BAD for them! The car dealers with all of the add ons too! Poor babies!
@nataliedigiovanni4863
Ай бұрын
Yeah certain car makers are having slow sales now too
@ArizonaAirspace
Ай бұрын
I hope you are right Nick. Because I’m not seeing that here in AZ, especially in N AZ. There are still too many sellers trying to make $300,000 in less than 2 years from when they bought the house.
@thegameprofit6636
Ай бұрын
OH JUST WAIT BROTHER, THESE INVESTORS ARE TOAST 🫡!! AND ITS CERTAINLY FITTING!!
@tradewisetv2801
Ай бұрын
I left Prescott for that reason. Literally watched investors buy everything up and put it back on the market for double in a matter of days.
@ArizonaAirspace
Ай бұрын
@@tradewisetv2801 Yup, that’s exactly what they did. They also bought up all the choice properties in Sedona and put it up for Bed and Breakfast and when that business plan wound up losing money, they listed at double what they paid for. That’s why you see these houses listed for over Million Dollars which sold for less than $600,000 in 2021. It really is disgusting the way NY corporate investors are allowed to buy residential properties without any restrictions. Also foreign investors are a major problem in this country. Foreign investors should not be allowed to buy homes here in the US. Even in Mexico, Americans are not allowed to buy land there.
@ArizonaAirspace
Ай бұрын
@@tradewisetv2801 Where did you move to from Prescott?
@thegameprofit6636
Ай бұрын
@@tradewisetv2801 They missed the curve by a foot brother. THOSE MONTHLY EXPENSES ALONE WILL WASHEM. Let alone what’s about to come 🤣
@RomeroCarmen-4
Ай бұрын
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
@SofiaDiego-
Ай бұрын
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
@mayalucia-
Ай бұрын
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
@danutalucia
Ай бұрын
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
@mayalucia-
Ай бұрын
Not to blow her trumpet, but Svetlana Sarkisian Chowdhury is exceptional in navigating tough markets. She has been planner ever since we met in London global economy conference. she's verifiable , so you could just search her and book an apointment. good luck!
@AlvarezDanuta
Ай бұрын
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@MikeAnderson-jd2rw
Ай бұрын
27 million investor homes. That never should have been allowed to begin with.
@maryparis576
Ай бұрын
Vote Blue so we can fix this
@TchrisO123
Ай бұрын
Economics 101. If there is no demand, the price goes down. You're not looking at the long term picture. It doesn't matter who owns it, if no one can afford, the price goes down. This bubble is like any other, it eventually pops.
@bbossman45
Ай бұрын
Lol! Mary, what kinda of drugs are taking?
@jacobnapkins1155
Ай бұрын
@@MikeAnderson-jd2rwother than got us out of the pandemic the other guy failed to do?
@willtwain1383
Ай бұрын
Free market capitalism.
@DayTradingSystemsCorp
Ай бұрын
As a Florida Certified Contractor, I can say that even at a 30% reduction, that home is still overpriced. You do not want to move to Florida and purchase a home. Even if you find a home for 75% off. Check the home insurance costs! Outrageous! Insurance companies love to collect, but never to pay!!!
@Richie3Jack
Ай бұрын
Another thing I forgot to mention. I moved to Orlando in 2010, after the real estate market crash. I lived there until 2021 (personally, I loved living there). When I first moved there the big thing that people told me was just how rough it was not only going thru the real estate crash, but just prior to the real estate crash. Just how unaffordable everything had became by 2006 and how screwed everybody was. The market crashed so bad that it didn't start to recover until about 2014 and even then it was making small progress. I can see history rhyming already.
@Cheryl-yt8ee
Ай бұрын
These investors are the ones responsible for driving up home prices, causing families unable to afford one. Too bad if they lose money now!
@Andrew-iq5ud
Ай бұрын
Hope they lose everything. These people are evil
@CaptainCurt07
Ай бұрын
*I bought in last crash and people have no clue how bad this will get, Cape Coral is mostly contractors who rely on home building Ect work when it dries up you’ll see 50% crash*
@Peepppinpppper
Ай бұрын
The contractors do not have that impact at all. The population here is 95% retired.
@brodssn
Ай бұрын
@@Peepppinpppper95% retired post pandemic 😂? Where is your data. I just left FL. Retirees are starting to leave and go to the Carolinas.
@Peepppinpppper
Ай бұрын
@@brodssn 95 is an exaggeration but it’s not like Cape Coral is known for its youthful residents or vibrant workforce give me a break.
@brodssn
Ай бұрын
@@Peepppinpppper it’s not but let’s not troll. A lot of younger and middle aged people have moved to the area. It isn’t the same retiree city/town. Have friends who are realtors from the villages all the way down to Cape Coral. Let’s not continue misinformation lol.
@nataliedigiovanni4863
Ай бұрын
Carolinas are beautiful but very backwards and poor. Also mot very up on current events they live in their own world
@sunrealclothing
Ай бұрын
Florida Native here. Our real estate is regional as to what values will be. It's regional as to climate as well. South of St Petersburg or Vero will get less of a cool season than St Pete and North. The big money is Palm Beach to Miami along the coast/beachside communities. Then it looks like beachside Sarasota has gone way up. As well as Beach Side Bradenton. Beachside Pinellas County (St Pete Beach, Treasure Island, Madeira, Reddington, Indian Rocks, Clearwater are big money now too. Beach and inland towns to the Pinellas County will hold their value at a plateau at worst or continue to go up in value. The reason is they are all 15-30min towns without anymore room to build. Pinellas is a peninsula with a great infrastructure of parks, schools, pro sports, restaurants, night life, beaches, and safe to live compared to what's going on in the rest of the country. And all Pinellas County towns are 15-30 min to Tampa. Tampa is along the bay with some high dollar homes and suburbs as well. I think Tampa is a bit overpriced and too far from beaches for the money. This video on Punta Gorda... That area has never developed and was trying to grow and become something. The values on the barrier island beaches will still go up or plateau as there isn't anywhere else to build. But off the beaches in Bradenton, Sarasota, Port Charlotte area, Ft Myers, and Naples will not gain for a while and might even be where the drop will occur as they all have plenty of land to continue building inland off the barrier island beaches and the infrastructure started many decades after Tampa/Clearwater/St Pete. You'll find a similar pattern in value on the East Coast as well. Beachside towns will hold, plateau at worst, or continue to rise as there is no more land... but inland will be the risk. Now some of the large acreage for ranching, agriculture, or just country living will most likely hold or plateau at worst as those types of real estate have become harder to find and are in high demand. So if you want a good beachside deal, look to the Panhandle of Florida. But fair warning, that's where more hurricanes hit. So you must build with that in mind. They build ports in the ground floor garage to let the water flow through. Double up on all rebar and strapping, Go solid block to the roof... pour fiber mesh concrete into all walls. Build a hip roof with a 4-12 pitch and put metal roof with fasteners around the hips every 3" and double strap all rafter/trusses. Definite on impact windows. And your home would withstand 165 mph storms... I've built a few but now just building my own. There you go from a Florida native... Don't be afraid... The sky isn't falling here... it's just sunshine and rainbows. ✌😎
@kevinc8811
Ай бұрын
I live on the south side of Tampa Bay, have lived and worked in the Sarasota / Bradenton area for many decades. You sir are 100% Correct! Location, location, location. Although I think the Cape Coral / Punta Gorda area would still be an excellent choice for people moving down to Florida from New York.
@TimeRep03982
Ай бұрын
*****Development LLC owns 5 homes, purchased 2021 & 2022, started renovations, via private lending. Investors stopped lending, houses left 1/2 finished ..Now, in Foreclosure/Auction. All but one was completed. (priced to high, did not sell). Scottsdale/Paradise Valley - AZ. It's just the beginning...And this is only **one** investor. Buckle up!
@wwjccsd
Ай бұрын
you realize that means less supply coming to market. that's a bad thing. there still isnt enough new construction to match demand.
@TimeRep03982
Ай бұрын
@@wwjccsd very true. Sad to think there are thousands of homes in this condition. So much greed.
@plektosgaming
Ай бұрын
@@wwjccsd It depends. A half-finished home is still worth something to a potential buyer as permits, plans, and utilities have been completed. But not a whole lot over the basic land value as a few months of exposure to the elements makes it basically worth the cinder blocks put into it. If you can finish the home yourself, then it can be a good deal. But most are too large and overblown for that to make sense. They allbuilt 3 and 4 bedroom homes (if not even larger) instead of the 2 bedroom homes that are affordable to finish for first time buyers.
@dan-qe1tb
Ай бұрын
The funding to build houses hasn't dried up. The person borrowing the money was probably an inexperienced hack and a high credit risk. There's lots of people who aren't.
@safeandeffectivelol
Ай бұрын
I was looking in SWFL and there are half-built homes being sold. That is a big red flag.
@Highside713
Ай бұрын
I was in the market in 06-12. I learned A LOT. It feels a lot like 06 right now.... In 06 I was one of the people in denial about the market going down. I sounded just like the people saying "up only" now. I'm approaching this market differently this time around. I'll be a buyer in the next 1-5 years and I will be getting some great deals.
@Kash_Munni
Ай бұрын
Yes, 100%, I bought my house in 2013 for 1/2 price. The market is always lagging 18-36 months. This market will crash again, and it needs to. I can't wait to buy a 2nd home in Florida in 2-3 years.
@olabeaman3383
Ай бұрын
Sold a house in Iowa in 2005 and moved to Vegas. Went through 2006-2008 refusing to buy a house in that crazy market because those skyrocketing values did not make any sense. Finally bought in 2009 because we thought it was over and the bottom was hit. When we lost it in 2011 (paid $340k, sold in short sale for $250k) we learned the lesson of a lifetime. I’m going to wait this one out (sold in Jacksonville in 2021 because First Key Homes bought it at a stupid price in a bidding war) and when I think we’ve hit the bottom, I’m going to wait one more year. I don’t feel sorry for all these jokers that swear it can’t happen. It couldn’t happen last time, either… until it did.
@Kash_Munni
Ай бұрын
@olabeaman3383 sorry to hear that, these prices are coming down because 50% of the population can't afford $3000 house payments (insurance, taxes, interest, principal) for a home that should be $1850. The difference this time is insurance. The insurance is crazy in Florida.
@dancox3251
Ай бұрын
In 2006 while working on Wall St. there wasn't a single person I could convince there was a bubble. Not a soul. It didn't matter how many metrics you knew that pointed to the unsustainability of it all, nobody would listen and many of them were eventually wiped out. One of the tell-tale signs of a bubble is wide spread self-delusion.
@user-wg3rf6yg1l
Ай бұрын
Please explain specifically what about now "feels like 2006", whatever that means. What is going on now that was like then , exactly? And just saying "high prices" isnt an answer.
@driverdoug2002
Ай бұрын
Very interesting point about the new ability of homeowners to check Zillow and see Zestimates dropping before their very eyes--like a stock market account.
@safeandeffectivelol
Ай бұрын
Not just the zestimates, but the listing prices dropping like a rock headed back to 2020 levels in the next 2 years
@JD-qj9gr
Ай бұрын
You called it buddy. Keep up the good work Nick!
@bobburkett4941
Ай бұрын
This situation would make a great movie. For example "The Big Short", "Margin Call" or "Inside Job". By the way the proper quote is "Those who cannot remember the past are condemned to repeat it". -George Santayana PS Keep up the good work.
@NinjaWagz
Ай бұрын
My family owe you a great deal of thanks. We've been following your channel for about 2-3 years now and at the height of the bubble in FL, we moved our family from Tampa (after leaving there for >12 years) for rural NH. Our insurance costs and property values is one of the major factors of pushing us out (increase of >$300/month in one year). We were lucky enough to get out quick with a house flipper purchasing our home for cash (less overall $, but very quick turnaround to move). We loved the freedom that FL provided through the Plandemic, but the cost to live along with the strangulating devaluation of the dollar was becoming too much. Without your info, tracking, and presentations, we wouldn't have been able to connect the dots intellectually of what we knew instinctually, "if we don't get out of FL now, we won't get out for the next 5-10 years if ever". Please continue doing your good work, you are helping many more than you know. Godspeed.
@tabbycat8511
Ай бұрын
What exactly does “Couldn’t rent it out” mean? Any home is rentable at the right price. No one wanted to pay $2745, so it sat vacant for two years while the price dropped $109,000? Because they wanted above-market rent? Insane.
@safeandeffectivelol
Ай бұрын
The investors couldn't drop the rents because that would cause the rents on all of their properties to drop. They would rather leave it empty or sell. The dam will eventually break on rents as well as prices
@johnlocklear
Ай бұрын
We are renting a home from First Key in NC. We were the first renters to move into the home after they purchased it from the original owner. We're on our 3rd year here and still paying less for the size house we're in versus buying now. If the market goes the way I hope it does, then this will be our last year here. I'm just sitting on my capital hoping/waiting for the market to drop into my buying range. Thanks for your videos and insight on the market.
@vishnu2699
Ай бұрын
You'll be renting for another 2-3 years. Too many people waiting.
@johnlocklear
Ай бұрын
@@vishnu2699 we are moving out into the country. I'm retired and moving where nobody wants to live. Our plan is to either buy land and build or buy land with a house already on it. We are only staying put in our current house until the youngest graduates high school next year.
@user-lv7gg3jx3b
Ай бұрын
@@johnlocklear you were paying rent for 3 years...is it worth it. Can you explain how you calculated????
@DarkMark58D
Ай бұрын
An abandoned build site would not have 2 dumpsters or a port a potty on site. No way the ladder doesn't get stolen either....
@steves6605
Ай бұрын
He has never been on a real jobsite
@pkfilseth
Ай бұрын
Yeah, was thinking that, too. Those things cost money to rent.
@budalanemac3115
Ай бұрын
Do you rly think that port a potty and some cheap stuff left behind matters to somebody who is looking on a bigger picture crashing down worth milions? You don't know anything about business... you deal with small stuff ast they come and go, but bigger things, you do them right now... they are looking to secure more money etc in hopes to finish or save themselves...
@joesmith3590
Ай бұрын
Lotta potties are rented not owned so no one “leaves them behind”.
@VittoShulman
Ай бұрын
Building codes require them to have a dumpster and toilet even if there is no work going on. Or they will have to pay a fine. They probably have stopped because all contractors are too busy cant find plumbers and electric contractor.
@AnonymousPerson0182
Ай бұрын
Will this happen nationwide? I hope so! I’m in Maryland and see home prices going down, sitting longer, foreclosures, relistings because financing fell thru, and some homes taken off of the market because they raised the price in Spring and it didn’t sell! So, they just removed the listing, waiting and losing money. 😂 I LOVE IT!
@DanHelfrichGP
Ай бұрын
Maryland's investor owned ratio is one of the more favorable for price stability, so I have heard.
@garthhughey7063
Ай бұрын
Sounds like you sold all your stock ,and houses like me ,sitting on cash ,waiting for the bloodbath
@PercentBettr
Ай бұрын
I’m in Md too…it’s a blood bath waiting to happen.
@Yui789esss
Ай бұрын
@@garthhughey7063if you sold back in 2021, you would need prices to drop 30%+ just to rebuy at those prices …. Timing the market, 90% of the times ends badly
@wwjccsd
Ай бұрын
@@garthhughey7063 brother wallstreet has more cash than you. you dont think they wont buy 50% haircut homes?
@luigijohson6732
Ай бұрын
It's definitely alarming to hear about a default cycle, especially in the context of the housing market. Defaults can lead to foreclosures, and that has a cascading effect on the overall real estate landscape.
@susanlisa3782
Ай бұрын
While it's concerning, it's important to look at the broader economic context. A default cycle doesn't necessarily mean the housing market is completely finished; it might signal challenges, but markets are dynamic, and they can recover.
@ryan_dylan6650
Ай бұрын
But if more people are defaulting on their mortgages, doesn't that mean home values could plummet?
@creissantrocheleau946
Ай бұрын
Yes, that's a possibility. An increase in foreclosures can lead to an oversupply of homes in the market, putting downward pressure on prices. It's the basic principle of supply and demand.
@WEi45635
Ай бұрын
How can people address concerns about their property values?❤❤❤
@creissantrocheleau946
Ай бұрын
Now might be an ideal moment to reevaluate your financial status. If you're worried about your home's value, consulting a real estate professional or financial advisor could be beneficial.
@Gator777
Ай бұрын
Two homes in my neighborhood were investor bought and one was rented. Both are now empty one for sale and one for rent. Been about 6 months now.
@RolandZsolt_
Ай бұрын
~I'm favoured, $150K every week! I can now give back to the locals in my community and also support God works and the church. God bless American 🇺🇸….
@irinagomam
Ай бұрын
I'm genuinely curious to know how you earn that much weekly
@RolandZsolt_
Ай бұрын
Big thanks to stephanie anne
@RolandZsolt_
Ай бұрын
I alwas appreciate God for her kindness upon my life
@Marjolein473
Ай бұрын
I have heard a lot of wonderful things about stephanie anne on the news but didn't believe it until now. I'm definitely trying her out
@Mariawolakowicz
Ай бұрын
This sounds so good and I would like to be a party to this, is there any way I can speak with her??
@MrMoonMath
Ай бұрын
I don’t like people losing money but this is much needed! Housing needs to be affordable again!
@stanwoody4988
Ай бұрын
Beryl the earliest Cat 4 ever. If a Cat 4 or 5 hits Florida this year the insurance industry will abandon the state. That will be game over for the Sunshine state. Any young person with advanced skills and credentials would be foolish to move here. They can do better in other states with lower risks.
@wwjccsd
Ай бұрын
No way, there's too much money to make on premiums at 10-20k/annual.
@Andrew-iq5ud
Ай бұрын
Florida is a complete dump i would never live there
@stanwoody4988
Ай бұрын
@@Andrew-iq5ud What paradise do you currently live in?
@lorraineperron4840
Ай бұрын
No fire sale and it is far different than 2007/2008. WHY, because condo fees have doubled and tripled, insurance costs have gone through the roof, repairs and reserves on most buildings are out of control so no real estate agents are willing to say that if you think you need $1500 a month then double the money to meet all the other expenses so you actually need $3000. I had no mortgage and I was priced out of my condo just because of the huge increase in condo fees, insurance, repairs, and taxes, huge. Just moved to Europe at 73 years old since USA is out of control.
@TylerShort
Ай бұрын
But it is a fire sale. It doesn't matter if the reasons are different. It is indeed a fire sale. This is indisputable
@SigFigNewton
Ай бұрын
Best of luck following your move.
@SigFigNewton
Ай бұрын
@@TylerShortthe “but foreclosures are low” crowd all shocked by the obvious reality that there exists more than way for supply to come to exceed demand for an extended period of time
@randyem6910
Ай бұрын
I own a furniture store in Port Charlotte, FL. Sales have increased for the last three calendar years. This year we are seeing a decline. We will see.
@KippinCollars
Ай бұрын
When you lose this much on a house you just bought, even if it performs later on, the DCF is fucked and it destroys the ROI. Good, fuck 'em.
@tomjones2348
Ай бұрын
Well done, Nick. I wish you'd come down to Brevard County, and check it out. The listing agencies are still puffing hard on the crack pipe.
@MissBeeHaven1963
Ай бұрын
We used to keep our boat right down the road from those neighborhoods in Punta Gorda. That area is in the middle of nowhere with no grocery stores, no hospital, no restaurants. I don’t believe that the investors knew what they were buying.
@kevinc8811
Ай бұрын
What they don’t tell anyone in the video is it’s not one of the more desirable areas to live in the state. No offense to anyone who lives there. But it’s not for everyone.
@gsftom
Ай бұрын
House that investors are taking a $110k loss looks like it could still drop more. Dudes bought it at the absolute peak. Look at pre pandemic values in the $200k range.
@lilylife4426
Ай бұрын
Many people are trying to get out of condos in FL, so I'm expecting the demand for single family homes to still be there in most areas.
@breadnaut3087
Ай бұрын
@@lilylife4426 Incorrect. SFH are sitting just like everything else. The markets crashing.
@roberthall2909
Ай бұрын
As a homeowner in Texas, the only times I want my home to have a high value is if I'm leveraging equity or selling it. When it comes time for property tax valuations I want the value to be as low as possible.
@user-mm6xi3er5u
Ай бұрын
I lowered my list price by $90k in 6 weeks to get it under contract. Thankfully closing in 2 weeks. Other homes in my price range have been sitting for 6 months or longer, some over a year.
@ahcs2001
Ай бұрын
What area of the USA?
@PCMenten
Ай бұрын
One house, mentioned in two videos. Give us more examples.
@claramarie8541
24 күн бұрын
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
@Harris_j1
24 күн бұрын
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
@Millerj2450
24 күн бұрын
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@williamsscott3303
24 күн бұрын
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
@Millerj2450
24 күн бұрын
Finding financial advisors like Iynne Marie Stella who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@geraldhoward6351
24 күн бұрын
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you.
@acllhes
Ай бұрын
That website is crazy. $40 a month to look at some numbers? Wild
@baldevsandhu7948
Ай бұрын
Since home prices are belly up and there is no way to lower interest due to exploding inflation. There is no way people can afford these overprice houses.
@HadeitClock
Ай бұрын
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
@KimNatasha-hr1rq
Ай бұрын
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
@ShedrackJames11
Ай бұрын
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still believe in God
@JackAlex-bs7nw
Ай бұрын
YES!!! That's exactly her name (Andrew Louis Stella) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺
@kaliyaMembers
Ай бұрын
If you are not conversant with what you see here you can look upto her on the internet using her full name ❤️
@yykrieghstripsyd
Ай бұрын
Despite all the financial struggles I and my family faced, everything is finally falling into place! $130,000 profit and riches I'll always praise the Lord❤️
@kirkwells8551
Ай бұрын
This is an Wall Street Investor Engineered Crash😮😮😮
@waltertodd4479
Ай бұрын
Bring on a 9% unsold inventory. Prices fall like a rock after that is reached!
@TomTahk-fn6si
Ай бұрын
*Having multiple streams of income is a game-changer for stability. Relying solely on a job may not provide enough financial security due to high rates of tax, it is important to explore additional investment opportunities to surpass one"s expectation*
@JenniferBores
Ай бұрын
To be honest, investing correctly today can save you a whole lot of stress in the near future
@ChimaobiIkechukwu
Ай бұрын
The first step in every successful investment is to establish your goals and risk tolerance, a task best undertaken with the assistance of financial advisor.
@HeatherAnabelle
Ай бұрын
I remain eternally grateful to Judy Arianna for her efforts that got me to this point, finally payed off my mortage and all my debts, what more could I"ve asked for. She changed my life
@StevencrookRecovery
Ай бұрын
I'm new at this, please how can I reach her?"
@LeslieDcobbs-of7ie
Ай бұрын
Judy Arianna. understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
@CherylScottino99
Ай бұрын
Thanks for the update and keep doing what you do. My journey in the current market has taught me a lot of lessons, at the top of that list is that it never pays to live above one's means. I have managed to grow a nest egg of around $600k to a decent 7 figures in the space of a few months. Sad to say but a lot of us have poor money management skills. My 2 cents -get an advisor to keep you accountable and aid you make better decisions, Linda Wilburn has been helping me a lot, all through my journey. I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get >burned.
@CherylScottino99
Ай бұрын
Linda Wilburn program is widely available online.
@79AdventureBaby
Ай бұрын
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
@georgigeorgiev6521
Ай бұрын
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
@2Luisalvarado
Ай бұрын
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
@charadreemurr4221
Ай бұрын
It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.
@markbrzezinski8889
Ай бұрын
There is another way of looking at this. The "value" has not dropped, "they overpaid". You could be polite and say they miscalculated because rates were kept too low for too long.
@AmerPridexxx
Ай бұрын
The amount of dollars needed to buy a house increased, the "value" of the house never changed. There is no way my house is worth almost $500k more than when we bought it 10 yrs ago. 😂
@jp29allday
Ай бұрын
Great information. Sucks for investors but they’re the reason that home prices have been over valued by 40% and the average home buyer was priced out of the market. This will be a a major factor for the fed to start dropping interest rates so the mortgage industry can get back to normal and people can start to afford to buy houses again. 👏🏽👏🏽👏🏽
@KasiVGupta
Ай бұрын
Institutional investors are the prime reason.. my brother bought a new home in a new community and even before he got the keys, he was approached by Chinese and local institutional investors whether he is willing to sell the home to them for a premium price ..
@92peterbilt-Mel
Ай бұрын
Im Here in FL Renting since 2012 and I try buy a House for me and My Family of 7 , budget in 2012 was 250k, them 2020 350k now Im forced to buy a 500k same house because this Invitation Homes, First Key, Progress got all the houses from my area.
@jacqueblue
Ай бұрын
Wait.
@JohnVelcofsky
Ай бұрын
@@jacqueblue If he's in SoFlo and he waits he'll pay $700k. What this guy is talking about is not happening down here. You list a house and sit back and watch the bidding go wild. List down here at $400k and you'll get $500k. In a month.
@susan-w1p
Ай бұрын
Move to a different area.
@Highside713
Ай бұрын
No one forces you to buy anything.
@wormhole-r3l
Ай бұрын
I bought with FHA loan little over a year ago with 20k down, 250k home tho in southern Oregon
@125spero
Ай бұрын
Did you hear about the scam The homebuilders are doing where they’re putting sold on every other house and then when people move in they say the deal fell through and it’s back on the market?
@bycracky22
Ай бұрын
Nothing new I guess. Onward through the fog!
@nitroneonicman
Ай бұрын
I've seen a lot of houses on the market which have gone pending and then appeared back on the market, I've been a little suspicious to say the least
@nataliedigiovanni4863
Ай бұрын
Me too. Far too many pending especially in this market. Only a matter of time before prices really drop. I watch weekly
@matthewsmith2362
Ай бұрын
Closing deals is getting really hard right now. Peoples debt to income is jacked up, the insurance and tax is making it hard to close also.
@csuporj
Ай бұрын
In Romania the builder sells all of the apartments to another of his companies. I don't know what good is that for.
@staciemeyer9649
Ай бұрын
I live in Indian River County, FL - inventory up 72% and I'm seeing new developments still being built.
@PianoMatronNeeNee
Ай бұрын
In my community in West Palm Beach there are 51 homes for sale. Many aren’t even getting showings. A settlement company closing agent said, “bank appraisals are coming in lower than market values” . This will be the start of a snowball effect. Thanks Nick for the great content.
@Valenzuela_Moses
Ай бұрын
My niche right now is new construction, due to the better insulation impacts from insurance skyrocketing here in Florida. I'm seeing the same thing here in central Florida/Orlando metro. Inventory is shooting up as new construction is being put up. The thing that I hear from some reps, is that they have pulled permits to go out for the next couple of years. In my last market update, I let people know that I expect inventory to continue to rise throughout the rest of this year, regardless of the selling season. New listings will of course fall but not to the level of normal season. Im guessing that we will start seeing negative YOY numbers starting next year, IF they don't fix the insurance issues here and I don't see how they're going to stop hurricanes and tornadoes from developing. DeSantis came out and said that Citizens is going to be insolvent when another major storm hits. I'm personally not buying anything until probably 2026/2028.
@123chargeit
Ай бұрын
Just saw a 950 square foot house sell for 350k outside Asheville, NC. Apparently my market hasn't gotten the message.
@bradbowles1153
Ай бұрын
Charlotte too. I think NC is in a bit of a micro economy. It will probably take a couple of years before NC feels the effects.
@boxemshipem1142
Ай бұрын
Shortly after the Covid restrictions began in my state, we took the kids out of school sold our house and by 2021 we had moved into a brand new HOA community in central Florida. I was still working remotely and we were comfortable enough financially for my wife to take a break from work. Now I have had to find a new job, I am commuting over 1 hour each way 4 times a week for less money than I used to make and my wife has not been able to find a reasonable job that pays enough to justify what would likely be a similar commute. Coupled with the CRAZY HOA due hikes and insurance out of control we are literally torching the money we had pocketed after the move month by month. Long story short we have committed to taking the first job offer I get and moving as soon as we can. It’s hard to look at my wife everyday knowing I led us into this situation 😔
@jay31415
Ай бұрын
You are the most convincing salesperson ever ngl
@Michael-jp4oh
Ай бұрын
I wouldn't be surprised if they are listing their homes at firesale prices in order for other owners to have to do the same and then sweep in and buy those homes too, at a steep discount.
@darwel007
Ай бұрын
Good content. Not just a KZitem hustler walking the streets shouting "the sky is falling"
@jeffnordin108
Ай бұрын
Agreed. There are as many worthless video commenters out there as there are worthless video creators. Regardless of if Nick is one hundred percent correct, one hundred percent of the time, in one hundred percent of the locales, for somebody to just chime in with "he showed that data six months ago, crash hasn't happened yet in X" like that's equivalent. It's such a superficial level of understanding and questioning. Anyway, keep up the good work Nick. I use you as a source, a pretty trusted one, because you use data and a pretty deep dive and a pretty cross-checked exam of your own biases and what could also explain trends. Please ignore most of these anonymous, one line, nothing added but bumper sticker bullshit complaints.
@Daniinthecity_
Ай бұрын
You’re absolutely right! They’re selling off like crazy in upstate New York. I was on Zillow last night and was looking in the area and noticed how First Key Homes was just standing out with all the inventory they’re were selling. Bullseye! ❤
@jerryc5743
Ай бұрын
16:38 - what about all of the larger businesses that fled Chicago and NYC because of the crime and poor policing? Recently Citadel was embarking on making Miami, “the Wall Street of the South”
@user-jq6kh7ro6n
Ай бұрын
It's not that the builders are abandoning the houses, they're abandoning the buyers. I've had 2 duplexes with two separate builders that I signed 3 years ago, still not done. They take your deposit/draw payment, and then it sits. Beware new builders in FL, it's a lawsuit waiting to happen
@mikeking7582
Ай бұрын
IT SHOULD BE ILLEGAL FOR WALL STREET AND HEDGE FUNDS TO BUY RESIDENTIAL PROPERTIES
@benjaminolsen2381
Ай бұрын
It wouldn't be an investment if the government didn't invite infinite people to colonize the country while enjoying the infrastructure, schools, healthcare system, job market, electrical grid, social safety net, and every other system built by the people who founded and created this country. Infinite people means high demand for housing, which means high rent and high return on invested capital.
@PaulDeLeo
Ай бұрын
Great! I’ve been stacking cash, waiting for the downturn. By the way, that Punta Gorda neighborhood has crap infrastructure: no underground stormwater drains and presence of overhead electrical poles that get strapped like toothpicks when the last hurricane hit there.
@user-wg3rf6yg1l
Ай бұрын
Your "cash stacking" isn't even keeping up with inflation let alone rises in asset values and your little money will be no competition for people and corporations with real money. Better just get used to forever renting.
@Peepppinpppper
Ай бұрын
@@user-wg3rf6yg1l lol exactly!! He thinks he’s going to be getting the good deals and not the corporations. Also the power lines? Are you kidding this is Florida that’s 95% of the state.
@kevinc8811
Ай бұрын
@@Peepppinpppper and user-wg3r6yg1l Good point. It’s funny how all these small time “investors” are waiting for this up coming massive crash and are going to swoop in and get rich or buy homes at 1/2 their value. No doubt they’re going to out-smart all those evil corporations and current home owners who deserve to loss their ass. lol
@mattcorley4622
Ай бұрын
I lived in Florida, left for California. The combination of insane insurance rate increases, extremely low pay for work, house prices that doubled in the Jax-St Augustine-Daytona market, excessive heat and stronger storms. There is a lot going on in Florida and a lot of it isn't good. California quadrupled my income and the weather is perfect. Insurance remains an issue, but social factors are about the same.
@YeshuaKingMessiah
Ай бұрын
What do u do?
@SunZuu1
Ай бұрын
We’re going to be seeing a lot of this.
@SC-or2ek
Ай бұрын
I take California any day . Over florida. I just can't stand the risk with hurricane cat 4 cat 5 Plus insurance to roof . Plus California has prop 13 to protect homeowners from unreasonable property taxes .only allowed 2% up per year if you own home .
@SunZuu1
Ай бұрын
@@SC-or2ek no doubt 💯. And a lot of California cities can support the high prices with wages.
@timalan7406
Ай бұрын
California is now the armpit of America and everyone knows it! Stop trying to sell a turd.
@Matthew-rp3jf
Ай бұрын
Texas inventory way up. They're still way overpriced though. No denying it anymore. Nobody is dumb enough to pay these prices at these rates though.
@MikeDeacon76
Ай бұрын
Inventory being way up from a record low level isn't that big a deal. In Houston, inventory despite the rise still isn't at the level of a traditionally balanced market.
@user-qb8qm4mp5n
Ай бұрын
I don't feel bad for the residential real estate investors. They aren't losing any money, considering they've been gouging renters for the last 4 years.
@MB031
Ай бұрын
Then you should buy a house in Naples, FL..Houses and condo's in Naples are from $800K - $28M.. insane and no price drops.
@amandathomas784
Ай бұрын
Fl is insane on prices and also on house insurance prices if you can get it approved now.
@Spaethon
Ай бұрын
If the housing market collapses and all houses lose 50% of their value, that would only mean that the housing market is valued on par with the market in 2019. I doubt we will see houses fall back to 2011 levels.
@julianvega2677
Ай бұрын
It depends on incomes
@mrbiglicks8267
Ай бұрын
@@julianvega2677they won't. The dollar is worth less.
@roww10
Ай бұрын
If you are an investor and you overpay...oh well. If you look at the normal slope of the line the house value should only be worth $275,000. When the buyer bought in 22' the house was really worth $230,000. The idiot paid $445,000. Don't buy during bubbles they always burst.
@skysraper509
Ай бұрын
You and Bordanero....kings of "the end the world"...this time for sure! Pure entertainment. Real estate is local. Not EVERYWHERE is South Florida . I started watching this guy cuz i thought he was cute. Same with Bordanero. Eye candy. Empty calories.
@REWatchman
Ай бұрын
Nice. Been making videos about the same thing with first key here in Texas
@user-wg3rf6yg1l
Ай бұрын
I hope you have a day job.
@REWatchman
Ай бұрын
@@user-wg3rf6yg1l I absolutely do and one I enjoy. Only do that as a hobby while I’m deciding what to do with my own home purchase and because those in the real estate industry are so dishonest or ignorant
@Jamie-dz8dg
Ай бұрын
Hate it for my equity, but hope it can improve circumstances for next generation of homeowners Made it thru GFC drop in FL...will weather this as well.
@SigFigNewton
Ай бұрын
It doesn’t only help new buyers when housing costs drop.a Consumers having more spending money after paying rent or mortgage is wonderful for local small businesses.
@SigFigNewton
Ай бұрын
The long economic boom following the Great Recession was partly due to this effect
@jeffreycheng5984
Ай бұрын
I don't think there will be a next generation of homeowners.
@SigFigNewton
Ай бұрын
@@jeffreycheng5984 of course there will. There’s a good chance that this means falling home prices.
@anthonyperrone8083
Ай бұрын
Great research; please keep it up. The drop is about 10% from peak. Let’s wait for another 30% from today’s prices.
@vincentwilliam8121
Ай бұрын
Inevitable cycle only thing disturbingly surprising is how far greed will take these investors totally disconnected with reality
@DEG1985
Ай бұрын
Wise people have to sell before the next gigantic hurricane hits and insurance triples once again.
@Ashermicheal6341
Ай бұрын
I got a 150K mortgage, bought 75k worth of Brett with it. YOLO from profit of 10k thanks a lot celia dullpher.
@Blackrainbow-gh
Ай бұрын
Hello, how do you make such amount? I'm a born christian but sometimes I feel so down of myself because of low finance but I still believe in God.
@Lucas75332
Ай бұрын
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
@liammateo287
Ай бұрын
Celia Dullpher is my hope on the current 'bear summer' . I did so many mistakes but also learned so much from it, and of course from Celia Dullpher.
@Ashermicheal6341
Ай бұрын
Sincerely speaking. I will continue to trade and stick to expert Dullpher daily signals and guides as long as it works well for me...
@philipbenson746
Ай бұрын
Celia Dullpher has really set the standard for others to follow, we love her here in Canada because she has been really helpful and changed lots of life's
@realassetsteam
Ай бұрын
You don't need to worry , prices need to drop 40%
@user-pl6xj8hc1d
Ай бұрын
Nick great post! I agree with most of what you're saying, except it is going to be much worse than 2008. It will not take a year or 24 this to come about your idea about Mommy pop investors seeing their home prices being reduced significantly It's already making them panic. Right now, many mom and pop investors have taken their homes from B&B and are trying to rent them for absorbent prices.And they are not getting it, they're in my area.I see them panicking. And the result is them lowering Long term rent much lower then they expected. Fact! Your idea that values of their homes going down affecting them is very insightful and not something I thought of. Appreciate your effort all the work that you do for us. Great job!
@talkingonline821
Ай бұрын
Great work Nick-boots on the ground data, no BS. I love reading the comments related to people advocating that there will never be an adjustment in the market and home prices will always go up. Fear is beggining to hit sellers and owners. "This isnt 2008- its different this time, nobody will sell that has low rates, when the pivot comes prices will go even higher, job losses really cant happen because of marketplace demands, technically the stock market will only have an adjustment, its looking more like a soft landing." Nope, nope, nope, nope and nope. Sorry the laws of physics confirm what goes up will come down and we are in the 100 year cycle. This one is gonna be the mother of all crashes for bubbles within bubbles of bubbles and the 35 trillion dollar American debt bomb that they keep hidden while smiling. Cant wait till after the election when the glue comes off the financial system and banking scams.
@dougscott188
Ай бұрын
The everything bubble. You got it.
@madisonbrown1432
Ай бұрын
What about rentals? They are very high and with for sale housing to expensive are renters going to survive? In California rents are outrageous!
@Thegreendingler
Ай бұрын
Leave california lol
@susan-w1p
Ай бұрын
He is sharing his personal opinion on the matter. Others may hold different or similar views on the subject. Despite rentals remaining vacant, prices are not decreasing.
@TheExtaliber
Ай бұрын
im seeing rent come down in florida, i think you have to just wait for the rest of the country to see their ignorance. The fact that every home got super expensive throughout america during covid proves how bad of a bubble it is. Airbnbs are barely cashflowing or taking a loss and not worth the hassle (most not all). small investors with under 10 buildings are paying out the rear for all ancillary costs of home ownership, and their tenants have no pay increases and layoffs happening daily. If your tenants dont pay they start to get under on their mortgages lol so fucking glad my wife and I didnt buy a house.
@SigFigNewton
Ай бұрын
@@susan-w1psorry to hear that you live somewhere where rents aren’t decreasing
@Ziegfried82
Ай бұрын
Staying in CA is for crazy people.
@iorewp
Ай бұрын
Happy Days!!! Been waiting for this for 3.5 years!!! Great job Nick! Presentations keep getting better and better!
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