Proof That Something Major Is Happening! **Florida Housing Crash?**

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  • čas přidán 6. 09. 2024
  • Proof That Something Major Is Happening! *Florida Housing Crash?*
    I get calls and emails every day from people just like you, looking for help on making their move to the Florida gulf coast. Give me a call, shoot me a text, or send me an email so I can help you make a smooth move to Florida.
    Brant Peacher Florida Real Estate Agent | Agent License # SL3441599
    Shoot me an email if you have any questions about the Florida Gulf Coast. brant@adoorrealestate.com
    Send me a text 850-450-3878
    Visit our website movingtothegul...

Komentáře • 332

  • @Beatricegove733
    @Beatricegove733 Před měsícem +315

    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.

    • @NicholasHarmon-ow3jl
      @NicholasHarmon-ow3jl Před měsícem +3

      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.

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io Před měsícem +2

      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.

    • @carssimplified2195
      @carssimplified2195 Před měsícem +3

      Would you mind providing details on the advisor who helped you?

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io Před měsícem +3

      ‘’Aileen Gertrude Tippy ’’ maintains an online presence. Just make a simple search for her name online.

    • @carssimplified2195
      @carssimplified2195 Před měsícem +1

      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.

  • @BaileyJames-zv2ddd
    @BaileyJames-zv2ddd Před 2 měsíci +118

    I bought my 2nd property in San Diego of August 2022 for 685k with rate of 4.375. Now the property current value is 895k. In LESS than 2 years I’m already up over 30% in equity. No reason to sell because I’m cash flowing on 2 ADUs studio and I already made over 90k in rental cash flow which covers my monthly mortgage. Not to mention my rate is freaking low and I consider it as asset

    • @republican7
      @republican7 Před 2 měsíci +2

      I feel sorry for 1st time homebuyer who were never able to afford it to start. I don’t feel sorry for 1st time home buyers who were able to afford it but choose to wait thinking market is crashing and now priced out

    • @palebiss1646
      @palebiss1646 Před 2 měsíci

      Real Estate is still a very LOCAL Market.
      Prices in one City do not reflect the Prices in another City.

    • @HelenChaseKiddyEnamaine
      @HelenChaseKiddyEnamaine Před 2 měsíci

      For those in need of direction, consulting with an experienced, independent financial counselor is advised.

    • @bossqueen_lala3098
      @bossqueen_lala3098 Před 2 měsíci

      I've recently been thinking about getting in touch with consultants. I'm an adult, therefore I need direction, but I'm not sure if their services would be very beneficial.

    • @BaileyJames-zv2ddd
      @BaileyJames-zv2ddd Před 2 měsíci

      The information you need to work with a letter to schedule an appointment would be included when you search *Leah* *Foster* *Alderman*

  • @bossdawg165
    @bossdawg165 Před 2 měsíci +22

    I think corporations should NOT be allowed to buy residential properties. If they need homes or appt for employees that will be on a temporary stay then they should have to build their own for that purpose and be limited to the amount they can hold.

  • @zlm2032
    @zlm2032 Před 2 měsíci +29

    It’s nice to see people actually care about the hardworking American people of this country. God bless! 🇺🇸

  • @lawrencedavid9768
    @lawrencedavid9768 Před 2 měsíci +13

    Water is not scenery. Florida is so flat and Blah 😮, Just moved out of the Tampa Area after 30 years.
    Moved to Northern Tennessee, now this is scenery 🌄🌋🏔️🚵‍♂️🧗‍♀️

    • @danit.6088
      @danit.6088 Před 2 měsíci

      I'm in Clearwater/Tampa Bay area and debating the move to Tennessee? My parents moved there about 15 years ago and love it. They are Knoxville area. Sweetwater. I really like Tennessee. Weather wise not to drastic. I hope you are enjoying Tennessee sounds like you timed your move perfectly. Help... was it worth the move? Better than Florida? On the fence only reason we have 6 grandkids here and our big kids. Enjoy your summer we are baking here.

    • @markconner3234
      @markconner3234 Před 2 měsíci

      Bye....

    • @alexcruz7719
      @alexcruz7719 Před 2 měsíci

      Water could be scenery, swamp water is not but they been sold it is😂

  • @LiaHernz
    @LiaHernz Před 2 měsíci +6

    Floridian here. Pure truth, we are renters struggling to purchase a house, saving money seems like an impossible dream

  • @Nonyabusiness911
    @Nonyabusiness911 Před 2 měsíci +9

    I’m in south Florida and the neighbor just sold his house for a record high. I paid $140k in 95 for 2200 sqft. he sold his 1800 sqft for $745k. Cash is kind here. I am in a rich area but not a rich neighborhood. My insurance is $5200 for a home built in 87. I have a new roof, hurricane windows and doors including garage door. My debt is always at zero.

  • @no_step_on_snek9796
    @no_step_on_snek9796 Před 2 měsíci +21

    You really hit the nail on the head Brant. Its the same here in NC. Your video is like an echo chamber of my own thoughts and hearing it from someone else is both comforting and terrible because I know it's not just me, and its true. All my wife and I want is a quiet place on a little bit of land to raise our daughter on the way, and we are just screwed.

    • @Cirberus123
      @Cirberus123 Před 2 měsíci +2

      I feel for you, brother. My wife and I are in Florida with our child on the way, and honestly. We can barely afford to live, and we have three income sources.

    • @lovehonesty
      @lovehonesty Před 2 měsíci

      😢

  • @DejaFL
    @DejaFL Před 2 měsíci +50

    Been a Floridian all my life and at 31 make a good salary and still feel like I’ll never be able to afford a nice house. Corporations need stop buying to rent and people from NY and California need to stop moving here

    • @no_step_on_snek9796
      @no_step_on_snek9796 Před 2 měsíci +8

      I 2nd that.

    • @csm9105
      @csm9105 Před 2 měsíci +13

      Corporations are the problem.

    • @csm9105
      @csm9105 Před 2 měsíci

      I am thinking anti-trust laws against the corporations. Just should not be allowed They are killing the American dream.

    • @axmarr8132
      @axmarr8132 Před 2 měsíci +3

      Dito!

    • @cashninja727
      @cashninja727 Před 2 měsíci

  • @noahthomas1991
    @noahthomas1991 Před 2 měsíci +71

    I am a property manager in NC. You could have taken that same walk here and said the same things. It's everywhere. The bottom half of the middle class are dying. Those below middle class are out of options. We traded the dream for stimulus checks and free credit.

    • @no_step_on_snek9796
      @no_step_on_snek9796 Před 2 měsíci +4

      Absolutely true statement. I'm in NC, my wife and I moved into a rental in March 2020 until we got married because we wanted to make sure it was going to work. Huge mistake, we should have bought a place. Now we have a little girl on the way and our hopes of buying a normal house on a piece of land are basically dreams. We make what would be considered "very good" money and we are still just screwed. It's crazy.

    • @noahthomas1991
      @noahthomas1991 Před 2 měsíci

      @@no_step_on_snek9796 hang on. Get out of debt. Save as much as you can for a down payment. At some point enough people will agree the jig is up and the music will stop. The whole world will go on sale to those with cash. We are going to have to live like the Great Depression generation unfortunately. Or at best the 70's stagflation generation

    • @winesap2
      @winesap2 Před 2 měsíci

      I don’t think you understand what caused the skyrocketing real estate prices. The banks crashed the economy back in 2008 and millions lost their life savings. People were evicted because they could no longer pay their mortgages. Up until about 2012 no one could even sell a house. I know someone who bought two houses in Florida in 2013 for $60k total that are now worth over $1M.
      Corporations and real estate investors, a lot of them not even from the US, have been buying up massive numbers of properties to rent them out to people who can’t afford to buy, or to rent them out as Airbnbs. Many rich people own multiple properties that they don’t even live in most of the time. All this increased demand for housing in recent years and the idea of regular Americans owning their own house disappeared, not to mention the fact that during the past several years the middle class has been disappearing because of the massive transfer of wealth to the ultra rich. Tax cuts passed by Trump moved even more wealth to the ultra rich. Corporations renting don’t have any reason to sell their properties and they’ve also been joining together to fix rents in some areas so they can further extort the American people and make even more off their properties.
      It wasn’t stimulus checks and free credit. The banks crashed the economy reselling mortgages so they could make profit and gave themselves incentive to make risky loans. The stimulus checks actually brought real people out of the crashed economy. On the other hand, all the corporations and banks that got bailed out and then went right back to their same dirty tricks should have been allowed to die with the economy they crashed.

    • @artificer845
      @artificer845 Před 2 měsíci

      This is one of the most retarded things I've ever heard.

    • @drbravestone4017
      @drbravestone4017 Před 2 měsíci

      So true

  • @lowbudgetrc352
    @lowbudgetrc352 Před 2 měsíci +4

    The whole reason I started watching your videos is because how real you are. I can’t think of one time that I didn’t like who you were in your videos. There are too many creators that let it all go to their head and change who and how they are. You’re always a kind hearted person just trying to help out. I greatly appreciate it brother!!! Keep on keeping it real!!!

  • @jbeihl10
    @jbeihl10 Před 2 měsíci +3

    You are spot on! We bought our home for $185k 20 years ago. There’s no way our grown kids could even find something for that price. We can’t even sell and move for retirement.

  • @jasoningersoll8005
    @jasoningersoll8005 Před 2 měsíci

    You are spot on. I'm born a raised in florda and currently live in clearwater and purchased my 1850 sq ft corner lot house in 2016 . My mortgage isn't bad, but the homeowners insurance,taxes, and car insurance has gotten insane. I'm and HVAC tech for 25 years here and making good money but still fell the impact.

  • @iBon1wheel
    @iBon1wheel Před 2 měsíci +3

    Thank you for being so brutally honest and insightful. It’s refreshing even though it sucks to hear.

  • @BrandonD
    @BrandonD Před 2 měsíci +6

    It’s called the bubble this happens every 8-10 years. Car market started crashing in Oct 22 and housing market slowly behind started Jan 2023. No conspiracy it’s time to crash the bubble timing. No fear just live your best life and be grateful for all you have

    • @thadoc5186
      @thadoc5186 Před 2 měsíci

      If this is a crash then keep it coming. My house has gone up 10% in the last year.

    • @BrandonD
      @BrandonD Před 2 měsíci

      @@thadoc5186 always anomalies

    • @shanerogers9386
      @shanerogers9386 Před 2 měsíci

      @@thadoc5186you are whistling by the graveyard if you think this or values anywhere near this are sustainable

    • @davidjaylaw1920
      @davidjaylaw1920 Před 2 měsíci

      ​@@thadoc5186Your house is only worth what someone is willing to pay. 10% "gain" on paper Zestimate means nothing. The correction/crash is inevitable

    • @Puffin-zj2hm
      @Puffin-zj2hm Před 2 měsíci

      @@thadoc5186 It will be down 30 - 40% in a year or two.

  • @psfraser9471
    @psfraser9471 Před 2 měsíci +5

    Homes are just sitting with inventory rising, every street has homes for sale, apartments are begging for tenants, hurricane season scaring off buyers, people leaving the state in large numbers, retirees looking elsewhere and no large generation to replace boomers. Florida's market has already turned.

    • @michael930turbo
      @michael930turbo Před 2 měsíci

      ???? You are hilarious. My wife and I listed our home in mid may and it sold in 3 days in Deerfield Beach. My wife is a realtor and business is booming.

    • @user-tb7rn1il3q
      @user-tb7rn1il3q Před 2 měsíci

      @@michael930turboIt’s booming because smart people are selling and moving out before the state sinks into the ocean.

  • @flawdacountryboy
    @flawdacountryboy Před 2 měsíci +3

    My house in Navarre was built in 2020 and insurance has still increased 350% since I bought it in 2020

    • @chadm6981
      @chadm6981 Před 2 měsíci +2

      Same here, been in Navarre since 2018. Closed at 228,000. Never made a claim and got dropped, currently have citizens. Not happy about it but it is what it is.

  • @JSMZeez
    @JSMZeez Před 2 měsíci +2

    My first house in 1993 we bought for $65k. It was and still is in a scary neighborhood. Zillow has it valued at $323k. It last sold for $299k.

  • @RK-de5wg
    @RK-de5wg Před 2 měsíci +1

    Everything you said in this video is factual! As a Florida business owner, it is very hard now to attract employees because we cannot afford them because they cannot afford housing here locally. I am working harder now in my own business than I did when I first started the company because of this and inflation, and general costs that have skyrocketed.

  • @magzsoto6747
    @magzsoto6747 Před 2 měsíci

    I just want to thank you for this information. It was well needed; I own a condo in Ny and a condo in Florida. I want to buy a pool home, but I will stay still and wait for a better opportunity. We can only pray that God has mercy on us and makes the change we are all praying for. God bless you and thanks again.

  • @braddragoo6746
    @braddragoo6746 Před 2 měsíci +2

    You’re a good man brother! Couldn’t have said it better myself. Keep preaching Mr. Peacher!

  • @cindyinpcola
    @cindyinpcola Před 2 měsíci +1

    I can appreciate your honesty about this housing and insurance situation. It’s rare for an agent in the industry to speak the truth. My fishing hat off to you for doing so. I’ve seriously been considering selling my home because the insurance is too expensive to survive on a fixed income. Our economy is a disaster right now. A good but sad video.

  • @TheMubby
    @TheMubby Před 2 měsíci +2

    Awesome video Brant. I believe we will not ever return to a period of affordable home ownership because land is becoming more scarce, also because there is much more foreign investor activity in the real estate market here now than there was 15 years ago in the last crash. I think purchasing a home will only get harder and harder as the years go on. It is unfortunate, but foolish decisions have been made which sealed the fate of this housing market.

  • @jeffreyshepherd6744
    @jeffreyshepherd6744 Před 2 měsíci +1

    Part of the problem is Airbnb. People are buying up houses for Airbnb and it’s eliminating the supply for the young Americans just starting out. Very sad and just plain and simple greed.

  • @johnmoore3504
    @johnmoore3504 Před 2 měsíci

    SFL native here. The area you highlighted is a barrier island - one hurricane and it’s all gone which explains the insane insurance cost. No affordable houses there because as we saw on your walk it’s beautiful and people will pay big prices to live there. Our current 4/3 home went from 250 in 2003 up to about 600-700 today. So in today’s market I can’t afford my own home. Thankfully we stayed frugal and didn’t move, refinanced during the crash and paid off our mortgage early. The problem is the flippers, taking hurricane damaged homes and doing a full remodel and then asking stupid money for lipstick on a pig. I’m watching a property in the Ft Myers area that sold for 200 just 5 years ago listed for 1.1m but now down to 700 which is still about 200 too much. My take: you can’t beat em so join em, stop renting and buy something, this way you gain equity as all the properties around you go up in value. The market is correcting but it will not last, prices will keep trending upward long term. I feel the next 2 years is critical… you’ll see a drop but miss that window and 3 years from now you’ll be kicking yourself for not getting into something.

  • @EmeraldcoastJetSki
    @EmeraldcoastJetSki Před 2 měsíci +1

    Brant, you’re exactly right. I rent a 3BR 2BA house in Navarre off Hwy 87 and I’m paying $2150 a month. We’re looking at a rental house in FWB that is $2900 per month. When we moved here from the upstate of SC in August of 2021 and we got sticker shock. With the way interest rates are now and the cost of home owners insurance, no way would I attempt to buy a house right now and I make a decent living.

  • @alejandro3485
    @alejandro3485 Před 2 měsíci +4

    When I moved to Tampa in 2018 I was paying $1050 for a 1,100 sq ft. By 2023 the owner/landlord wanted to raise the price to $1800/mo. Over a 71% increase. I can assure you most people
    have never had their salaries increase 71% in 5 years. I purchased a 5 bed 3 bath at 5.25%. Pros and cons to ownership but glad the greedy landlord pushed me out and I chose to buy last year before interest rates kept going up. Every house in my neighborhood that’s for sale has had to lower their price. People aren’t paying these prices for these overpriced cookie cutter homes anymore. Which is the flip side to the coin if I ever want to sell in the future.

    • @forannies
      @forannies Před 2 měsíci

      I wish my husband understood this!!!
      What good is having a doubling of equity in 20 years (almost times and a half) if the market crashes and no one is able to buy it?

  • @timallaire1
    @timallaire1 Před 2 měsíci +1

    My father began his career in real estate 1968 and was a real estate broker and general property appraisal in Fort Walton, Florida. I also live in Fort Walton and have active licenses in both property appraisal and real estate sales so I've been around and in this business a long, long time. I agree with your analysis, unless action is taken to lower inflation and hopefully interest rates the average family will remain locked out of the housing market and that's tragic. The result of the economic mess we have now won't be good be I've seen cycles like this before, we'll have hang in there until there's a correction and that will be a good thing but the last few years have been hard and the next few years will be difficult. Taking on credit card or high interest debt in the #1 reason people have difficulty saving and getting ahead financially and should be avoided if possible.

  • @VoiceOfReason5487
    @VoiceOfReason5487 Před 2 měsíci

    So many negative factors have created a perfect storm for housing prices in Florida: higher home insurance premiums, HOA fees, and property taxes (due to the higher valuations); people moving to Florida increasing demand; supply not keeping up due to high labor and materials costs; higher interest rates (makes it unaffordable for those who want to buy and also those with existing low interest rate mortgages don't want to sell); and private equity buying up properties and jacking up rent. There may be some relief when the Fed finally starts lowering interest rates but I think that there is so much pent up demand that prices will remain high due to bidding wars.

  • @SkyWatcher929
    @SkyWatcher929 Před 2 měsíci +2

    as an inspector for a prop mangmnt company managing solely single fam houses i predict there will be a lot of investors leaving the game for the next 10 years and in 10 years there will be a lot of houses with bad landscaping and just lacking in upkeep because tenants do not take care of the homes as if it were their own even the good ones

  • @ursulamullikin4723
    @ursulamullikin4723 Před 2 měsíci +1

    At least you're honest and not try to feed us a bunch of crap

  • @jimbrown4640
    @jimbrown4640 Před 2 měsíci +2

    Florida real estate is crashing for two reasons, home owners insurance too high and property taxes too high from the recent housing boom.

  • @rayferngren9557
    @rayferngren9557 Před 2 měsíci +2

    1000% all around ! Well done Brant

  • @skidmarkzuckerberg
    @skidmarkzuckerberg Před 2 měsíci +2

    Native Floridan and my wife and I make $200k a year together and still won’t buy. Our rent is $1900 and a mortgage on a house in our area ($375-$450k) will be over $3k a month. We’re just saving as much as ever right now waiting. Hopefully we aren’t waiting for the next 5 years..

  • @barrygerenski6259
    @barrygerenski6259 Před 2 měsíci +30

    I’m embarrassed to be an American now because of the state of this country😢😢😢

    • @mainegreengrower4209
      @mainegreengrower4209 Před 2 měsíci

      You didn't vote to print money

    • @fnfal89
      @fnfal89 Před 2 měsíci +6

      Same I work with some college age kids in my area ( central Florida) and all of them have the same exact sentiment - this country is going to heck in a hand basket and they feel nothing is on the horizon to give them any hope that it will be changing any time soon. These kids are the future of this country and I have to say I agree with them. Printing trillions, forever wars, corrupt media, corrupt politicians...there seems to be no end in sight

    • @rond1475
      @rond1475 Před 2 měsíci

      @@fnfal89 If you go back to the 1900s it's always been the goal of the wealthy to control everything and have a 2 class society . They won , NAFTA , WTO with China and our open borders have worked . There's a reason the military can't get volunteers .

  • @rawblues
    @rawblues Před 2 měsíci +2

    Excellent video and comments. First time viewer.

  • @ofc.rollout7839
    @ofc.rollout7839 Před 2 měsíci

    You are spot-on! In fact it drove us out of Florida and into Alabama. Still some bargains to be had here but, in just the 3 months we've been here, "Floridazation", has begun here as well.

  • @Fishing4Reel
    @Fishing4Reel Před 2 měsíci +1

    The insurance in Florida is ridiculous. I had a 2200 sq ft on 16 acres in Tennessee. Annual insurance was $1,200/yr. Here in Florida I have a 2100 sq ft on 3 acres and insurance is $3,800/yr.

  • @stripermanly
    @stripermanly Před 2 měsíci

    My parents were forced to move away from Florida living in a place they lived in for 7 years comfortably. Policy changes in Florida allowed insurance companies, gated communities and so on to accelerate cost increases unabated. They owned their condo and were paying $375 for the gated community fee a month. Starting in 2018 small increases started in those fees. Every 6 months they seemed to get another increase. Most people were retired living there on fixed incomes. They finally moved out and up here in Indiana close to me due to the fact they were priced out of what they already owned. When they left monthly fees were approaching a grand. Add to that new established annual fees of $1500 when the community was sold to an investment group. Between 50 and 75% of the owners were forced to leave.

  • @lisastewart4926
    @lisastewart4926 Před 2 měsíci +2

    Brant, you hit the nail on the head: We are headed for a crash worse that the Great Depression. I am quite a bit older than you (60 yo) and I have never seen anything like this; not even in 2007-2008. People need to open their eyes and prepare for what that means.

  • @2reelyakrz481
    @2reelyakrz481 Před 2 měsíci +9

    We bought our current FL house in Jan 2021. It needed some work that we could mostly do ourselves. It does have a mortgage, which I'm not thrilled about because of the insurance requirements.
    Unfortunately, 10 days after we signed the paperwork on the house, my parents' world blew up - badly. My wife and I got caught in the blast and we're still picking out shrapnel. Our entire plan for paying the house off in 5 years and having it on the STR market is in tatters on the floor - at least the 5-year part. It may all fall apart due to how we are nearly 3 years behind on our cash flow / business plan for the house and the economy doesn't look like it's going to work in our favor.
    I've never seen anything like this economy either. It is (and has for several years been) driven almost entirely by political agendas. The economy won't improve so long as the agendas don't change - and I've seen no sign they will. Normally in an election year, the party in power pulls back on unpopular or economically destructive policies until after the election. This year, they are doubling, tripling, quadrupling down on things the people absolutely hate - which is mind boggling unless they are convinced they are going to retain power.
    At any rate, I believe your advice (especially the "reduce debt" part) is spot on.

    • @stonesoup21
      @stonesoup21 Před 2 měsíci

      What are the unpopular or economically destructive policies you speak of? All I see is Capitalism at work in real time.

    • @2reelyakrz481
      @2reelyakrz481 Před 2 měsíci

      @@stonesoup21 spending, energy, border. Ones affecting inflation and interest rates. Insurance costs are partially a result of more high-dollar houses being built in higher risk areas (that one is consumer driven) and also inflation rising faster than the insurance companies' reserves can compensate

    • @stonesoup21
      @stonesoup21 Před 2 měsíci

      @@2reelyakrz481 yes, all of that except for the border is the result of Capitalism ,which our economy is based on.

  • @davidcaudill4868
    @davidcaudill4868 Před 2 měsíci +1

    Well Brant unfortunately you are correct I appreciate this video, it's a crazy world, God bless brother.

  • @juandorta-duque6028
    @juandorta-duque6028 Před 2 měsíci

    First time listener, I am glad a found your channel. That’s a beautiful place you are filming at.

  • @barrygerenski6259
    @barrygerenski6259 Před 2 měsíci +2

    I am in a home now that my insurance is $6800 now I am worried about my insurance dropping me or quadruple next renewal!

  • @JBoy340a
    @JBoy340a Před 2 měsíci +1

    That average income of $50K/year in Florida is very concerning. I can see why people cannot buy homes there and want to go somewhere else.

  • @budmanfwb
    @budmanfwb Před 2 měsíci

    I just moved into a new home that i had purchased the small lot for $25K before covid - Built a 1100 square foot home 13.6 feet up because i am in a flood zone overlooking the east side of Pensacola bay- it $10, 000 me to
    Death- water and sewage hook up - pump station for sewage $10K - my contractor that was a friend wont talk to me because i held him to his Bid- for the most part - worst experience of my life building a home from scratch - but my wife and I now enjoy a beautiful sunset every evening! I pay less for the house payment than i did for rent in an old home in Mary Esther- interest was $8% and looking to refinance next year..

  • @JKyleWallace
    @JKyleWallace Před 2 měsíci +1

    Im making the most i ever have in my life, and the dream of home ownership keeps getting farther and farther away.

  • @Photognick521
    @Photognick521 Před měsícem

    I just visited St Augustine for the second summer in a row and man do I want to move there… but finding anything affordable to buy was impossible. Almost rather rent with potential storm damage but I may be wrong on that idea lol

  • @beachcarsllc988
    @beachcarsllc988 Před 2 měsíci

    Thanks for the affirmation, and being real. Me being in the auto industry I can attest we are in the fire. Yet, my best days are still ahead. No matter what.

  • @yellowbloodsilverfox
    @yellowbloodsilverfox Před 2 měsíci +1

    These politicians do not have the will to reduce spending. So the latter option is the one I feel
    will unfold and the middle will get squeezed further.

  • @hdhd7402
    @hdhd7402 Před 2 měsíci

    I was looking at getting a house back in Florida considering I’ve been outside the state for 26 year’s. I prefer the panhandle and I’m here to tell you it’s bad. I’ve been searching for 18 months. My old apartment rent has tripled since 1998! American Dream my ash can. Retired with no where to go!!!!!

    • @Nournourhayati409
      @Nournourhayati409 Před 2 měsíci

      A Single family home for sale by owner
      HOA 52$
      on zillow FSBO
      1074 hamlet dr Maitland, Fl
      15 min away from downtown Orlando 😊

  • @GF-lo9rj
    @GF-lo9rj Před 2 měsíci +1

    God Bless ya....I too am a Florida Real Estate Expert and this is exactly what I tell my clients. I provide a damn tight service and telling people tales has NEVER been part of that. Quality of Life is the service I provide. Thank you for making this...

  • @lovehonesty
    @lovehonesty Před 2 měsíci

    Wish I had kept my house in tampa (bought in 2021, too high but sold again in 2023 with a great profit, bought too high in NC bc that’s what was going on). Now wanting to sell and go
    Back but divorcing and not sure I can afford. My plan was to get as much as possible on this NC home and rent there while watching. Thanks for the confirmation.

  • @aaroncutchins888
    @aaroncutchins888 Před 2 měsíci

    luckily we bought our house in Panama City before the housing market crashed. Great interest rate but my home insurance has went up 3k a year!

  • @kentdarby675
    @kentdarby675 Před 2 měsíci

    In Denver Colorado for the house you showed in the beginning 500-750k and Colorado springs it's getting just as bad. As you were saying, wages are low and housing is ridiculous. Grocery again ridiculous.

  • @daledempsey92
    @daledempsey92 Před 2 měsíci

    Thank you for the advice and clarity of the housing market it’s rough here n Texas too trust me it’s rough… hope you and Melanie are doing well in your endeavors

  • @rjv1415
    @rjv1415 Před 2 měsíci +4

    We are heading for a Mad Max situation. Voting makes no difference, both parties are the same. Good luck

    • @luvlabso130
      @luvlabso130 Před 2 měsíci +2

      Choice between open borders for 4 more years or secure borders

    • @jwc1276
      @jwc1276 Před 2 měsíci +1

      @@luvlabso130How is anyone getting past the wall Mexico paid for?

    • @luvlabso130
      @luvlabso130 Před 2 měsíci

      @jwc1276 this 👉
      FACTSHEET: FINAL FY23 NUMBERS SHOW WORST YEAR AT AMERICA’S BORDERS-EVER
      October 26, 2023
      WASHINGTON, D.C. - Today, the House Committee on Homeland Security released its latest “Startling Stats” factsheet outlining U.S. Customs and Border Protection’s (CBP) September and Fiscal Year (FY) 2023 border encounter data. In the final month of FY2023, CBP recorded 269,735 encounters at the Southwest border, marking another unprecedented milestone under Department of Homeland Security (DHS) Secretary Alejandro Mayorkas and President Joe Biden’s open-borders policies. This monthly number also represents an 86% increase from June 2023, when the Biden administration celebrated a short-lived drop in illegal crossings following the end of Title 42.
      The annual numbers proved just as catastrophic. In FY23, CBP recorded more than 2.4 million encounters at the Southwest border and more than 3.2 million encounters nationwide. Just this fiscal year, 169 individuals on the terrorist watchlist were apprehended attempting to enter the country illegally, and at least 1.7 million known gotaways have evaded apprehension since FY2021. Americans did not need more proof that Biden and Mayorkas’ post-Title 42 strategy had failed, but unfortunately, that’s exactly what we have gotten.
      As this disaster spirals further out of control, the Biden administration does not know how many dangerous illegal aliens are entering the country undetected, especially as Border Patrol agents are being pulled off the front lines to help process and release the historic number of illegal aliens flooding the border. While monthly apprehensions and encounters continue to increase, Mayorkas simply continues to double down on his mass-parole programs, incentivizing and facilitating the entry of otherwise inadmissible aliens into the United States at a scale never before seen.
      Key Facts:
      Encounters at the Southwest border (SWB) in FY2023 increased over 40% since FY2021, 4% compared to FY2022, and more than 100% compared to FY2019.
      Last month, U.S. Customs and Border Protection (CBP) reported a 40% increase compared to September 2021 and 18% compared to September 2022.
      Since President Biden took office, there have been 7.5 million encounters nationwide and 6.2 million encounters at the Southwest border, in addition to 1.7 million known gotaways.
      In FY2023, 169 individuals whose names appear on the terrorist watchlist were stopped trying to cross the U.S.-Mexico border between ports of entry. 18 were apprehended in September alone.
      So far in FY2023, CBP has arrested 35,433 aliens with criminal convictions or outstanding warrants nationwide, including 598 known gang members, 178 of those being MS-13 members.
      In FY2023, CBP, including Air and Marine Operations, has seized 27,293 pounds of fentanyl, coming across the Southwest border-enough to kill more than 6 billion people.
      ###

    • @luvlabso130
      @luvlabso130 Před 2 měsíci

      Compare 👉 FACTSHEET: FINAL FY23 NUMBERS SHOW WORST YEAR AT AMERICA’S BORDERS-EVER
      October 26, 2023
      WASHINGTON, D.C. - Today, the House Committee on Homeland Security released its latest “Startling Stats” factsheet outlining U.S. Customs and Border Protection’s (CBP) September and Fiscal Year (FY) 2023 border encounter data. In the final month of FY2023, CBP recorded 269,735 encounters at the Southwest border, marking another unprecedented milestone under Department of Homeland Security (DHS) Secretary Alejandro Mayorkas and President Joe Biden’s open-borders policies. This monthly number also represents an 86% increase from June 2023, when the Biden administration celebrated a short-lived drop in illegal crossings following the end of Title 42.
      The annual numbers proved just as catastrophic. In FY23, CBP recorded more than 2.4 million encounters at the Southwest border and more than 3.2 million encounters nationwide. Just this fiscal year, 169 individuals on the terrorist watchlist were apprehended attempting to enter the country illegally, and at least 1.7 million known gotaways have evaded apprehension since FY2021. Americans did not need more proof that Biden and Mayorkas’ post-Title 42 strategy had failed, but unfortunately, that’s exactly what we have gotten.
      As this disaster spirals further out of control, the Biden administration does not know how many dangerous illegal aliens are entering the country undetected, especially as Border Patrol agents are being pulled off the front lines to help process and release the historic number of illegal aliens flooding the border. While monthly apprehensions and encounters continue to increase, Mayorkas simply continues to double down on his mass-parole programs, incentivizing and facilitating the entry of otherwise inadmissible aliens into the United States at a scale never before seen.
      Key Facts:
      Encounters at the Southwest border (SWB) in FY2023 increased over 40% since FY2021, 4% compared to FY2022, and more than 100% compared to FY2019.
      Last month, U.S. Customs and Border Protection (CBP) reported a 40% increase compared to September 2021 and 18% compared to September 2022.
      Since President Biden took office, there have been 7.5 million encounters nationwide and 6.2 million encounters at the Southwest border, in addition to 1.7 million known gotaways.
      In FY2023, 169 individuals whose names appear on the terrorist watchlist were stopped trying to cross the U.S.-Mexico border between ports of entry. 18 were apprehended in September alone.
      So far in FY2023, CBP has arrested 35,433 aliens with criminal convictions or outstanding warrants nationwide, including 598 known gang members, 178 of those being MS-13 members.
      In FY2023, CBP, including Air and Marine Operations, has seized 27,293 pounds of fentanyl, coming across the Southwest border-enough to kill more than 6 billion people.
      ###

    • @luvlabso130
      @luvlabso130 Před 2 měsíci

      @jwc1276 Biden stopped remain in Mexico policy and RESTARTED CATCH AND RELEASE. ON DAY 1.
      10 MILLION PLUS ILLEGALS
      ON AMERICANS MONEY.
      THINGS YOU DONT KNOW!!
      YOUR WELCOME.

  • @jeffreymassey5541
    @jeffreymassey5541 Před 2 měsíci

    Great work it's good to see a truthful analysis of what's really going on in Florida. ✅✅👍🏾👍🏾💯💯

  • @Steven-hk7bs
    @Steven-hk7bs Před 2 měsíci +1

    Man, you should’ve brought a fishing pole with you😂

  • @justinyocom1099
    @justinyocom1099 Před 2 měsíci +1

    insurance companies are refusing to insure these houses at their inflated values. these homeowners wii have to depend on an insurance claim to cash in on their investment. i see a lot of arson cases soo if we dont see a good sized hurricane and insurance companies know this. Now ask yourself, is a house in florida that you cant insure an asset? Or is it a liability😏.

  • @davida4743
    @davida4743 Před 2 měsíci

    Just made an offer on a house in Tampa, listed for $735,000, offered $710,000, it sold for $750,000

    • @Nournourhayati409
      @Nournourhayati409 Před 2 měsíci

      I am posting my beautiful single family home for sale by owner .
      15 min away from downtown orlando very nice location .
      Zillow FSBO 1074 Hamlet Dr Maitland ,FL 32751
      title company takes care of all the paper work and 0% commissions .
      great deal to save money😊

  • @YTSparty
    @YTSparty Před 2 měsíci +1

    Houses are coming on to the market that are affordable. People aren't selling the houses at the crazy prices any more. Those houses just sit on the market with price cut after price cut.
    Prices are due for a huge collapse in value. As we head into a recession, as rental homes start getting sold off because no one can afford their crazy rents. If there were a way to short real estate, I'd do it.

  • @bradalden8347
    @bradalden8347 Před 2 měsíci +4

    You forgot your fishing pole

  • @AlphaJ369
    @AlphaJ369 Před 2 měsíci

    I'm thinking it's going to be (A). Been in real estate in CA for 30 years. But real estate is local and no one has a crystal ball including me.

  • @kyrey5468
    @kyrey5468 Před 2 měsíci

    The biggest issue are the corporations and investors that buy up all the housing and then rent them for elevated prices! Florida is seeing the same thing that has been going on in places like California and New York for some time.

  • @Acc0rd79
    @Acc0rd79 Před 2 měsíci

    I lived in Pensacola half my life, I remember my dad buying a brand new home off of Mobile Highway near I 10 and it was all brick, 3/2 at 2k sq ft for 126k!!!! It recently sold for 360k. Insanity for that area, no jobs in that area are paying that kinda money. Pensacola is basically a poor town except for the water front area. Young people have zero chance at getting anywhere. I'm in Kissimmee now and I can tell you insurance on cars and homes are out of control, we pay 892 a month now for car insurance with nothing on our records!! They wanted 13k for our home insurance last year and we dropped them. No thanks. Florida is not the place to be anymore. I want to move out like so many around here are currently doing.

  • @BS.-.-
    @BS.-.- Před 2 měsíci

    Its the same thing here in NYS. A $130k house kn 2017 is now 300k+. 1br house has multiple offers in the 7 days it was listed. Listed for $280k. This is june 2024. Even 1br apartments renting for $2k..and you need to make 100k for the Income requirements.

  • @MountainKoi91
    @MountainKoi91 Před 2 měsíci +3

    Don’t buy or rent company-owned homes. You’re just supporting those who wish for us to “own nothing and be happy” if you do.

    • @shanerogers9386
      @shanerogers9386 Před 2 měsíci

      Well said. Same goes for any landlord who hoarded homes during this run up

  • @MaralushaUSMC
    @MaralushaUSMC Před 2 měsíci

    Same thing here in Maryland in that time period. Life was good back then.

  • @williamlutsch4259
    @williamlutsch4259 Před 2 měsíci

    Have you looked around the Denver CO area? Florida looks like a dreamland compared to what we have been dealing with

  • @cindyonyoutube
    @cindyonyoutube Před 2 měsíci +2

    Thanks for the beautiful scenery & sounds of the water. Sadly, your observations are spot on. This government will never stop the outrageous spending & inflation is now a feature, not a bug.

  • @2reelyakrz481
    @2reelyakrz481 Před 2 měsíci +3

    TN is pretty rough as well. People from CA are buying houses unseen at the asking price within a day of listing. It is making everything else very expensive there as well and the middle class is getting squeezed.

    • @Scuba451
      @Scuba451 Před 2 měsíci

      I can confirm this, group from
      California bought 45 acres on river and building houses side by side and selling for 300k

  • @alexcruz7719
    @alexcruz7719 Před 2 měsíci

    Good vid. One thing, though: middle class is a thing of the past for many. Look at the % of blue collar Floridians and their wages vs cost of living and then you might laugh or cry, it’s the same at this point.

  • @ronaldcummings6337
    @ronaldcummings6337 Před 2 měsíci +2

    I know that you are a believer, I would challenge you to go back and read the story of Joseph particularly what happens at the end of the seven years of famine.

  • @trlblzr7
    @trlblzr7 Před 2 měsíci

    Just saw that the new subdivisions they are building now are purpose built to rent never to buy.

  • @SalAmi-sx4jf
    @SalAmi-sx4jf Před 2 měsíci +1

    Insurance companies are kinda scumbags. I doubt I’m alone on this thought

  • @salteastsimon
    @salteastsimon Před 2 měsíci

    THE AMERICAN DREAM IS NOT OVER BUT ITS ON HOLD I BELEIVE ! im debt free, but the housing market is trash in NC. interest rates are super high. I am considered middle class. i cant hardly afford anything because they want 250k and up for most homes in the country. everyone from cali and up north are buying out land and building 500k subdivisions. it makes it hard for a middle class man to purchase a home. a singlewide from clayton turn key is around 160k with .6 acres in a trailer park. (1450 /m)thats how bad the economy has gotten. im living in a 2019 camper paid off. but im waiting for a nice fixer upper. insurance is a pain on fixeruppers.

  • @vincentengongoro2705
    @vincentengongoro2705 Před 2 měsíci

    The genie is out of the bottle.. the prices are never going back and theres too many reasons for it.

  • @chriscrawford3809
    @chriscrawford3809 Před 2 měsíci

    I’d have to agree with your first outcome. I think the biggest greatest depression is around the corner!

  • @kevroq6139
    @kevroq6139 Před 2 měsíci

    I regret not buying in 2018. I was going to buy a house in South Ranches FL. The house was 900k back then but i decided to wait because i wasnt sure what was going to happen to my job and wifes. The same house sold for 1.7 miilion in 2022 and ive been renting ever since in cooper city on a 3 bedroom 2 bathroom and a garage. It started at 2950 with invitation homes in 2022. Im now at 4200. I make 114k a year plus bonus 10-15% of my salary and wife makes about 85k. Unless i go to the hood there is nothing i can afford comfortably even putting all my down payment of 150-200k down which i would never do for rainy days or remodeling to the house will i be in a comfortable payment. I was looking at homes with no a/c just window units going avg 600k plus 😅

    • @Nournourhayati409
      @Nournourhayati409 Před 2 měsíci

      A Single family home for sale by owner
      HOA 52$
      on zillow FSBO
      1074 hamlet dr Maitland, Fl
      15 min away from downtown Orlando 😊

  • @anglerstale
    @anglerstale Před 2 měsíci

    Had no idea you had another channel. I appreciate this video Brant. Florida is unbearable. Luckily, i bought back in 2019 or I wouldn't be able to afford it here. My next concern is what's the future for my kids here? Hopefully, it'll all level out. I used to rent a 3 bed 2 bath for 750 5 years ago cant find a 1 bedroom 1 bath for less than 1500 now.

  • @mikem4432
    @mikem4432 Před 2 měsíci +2

    Pass a LAW THAT PROHIBITS CORPORATIONS FROM BUYING OR OWNING SINGLE FAMILY DWELLINGS UNDER 2 MILLION.. watch Realestate prices go down 500% from crazy market.

    • @AlphaOmega1025
      @AlphaOmega1025 Před 2 měsíci

      O yea great idea literally crash the entire market so everyone’s houses are underwater. Aside from that Congress is controlled by the tribe, the tribe controls the banks. Don’t expect the tribe to cut off its right arm and suddenly start being honest. Look at the religious denominations of. 90 percent of congress/senate. Pretty easy to draw conclusions from that and how we never stop giving money to Israel.

    • @forannies
      @forannies Před 2 měsíci

      100%!!!!
      In Colorado we are trying to put legislation on the books that foreign investment companies and specifically Chinese billionaires cannot buy property here. It’s an uphill fight for sure

  • @ksmith114
    @ksmith114 Před 2 měsíci

    I agree with your statements but not sure I would call it a crash. California has 1,400 sq ft homes for $1,000,000 yet people still pull it off. I’m a 50 year, 4th generation Floridian living in NC and I know I can never go back.

  • @fishlover
    @fishlover Před 2 měsíci

    Yeah, I agree. Im here in California and future looks rough unless we recorrect

  • @LaurenceHoneytoast
    @LaurenceHoneytoast Před 2 měsíci

    NJ here and Yea for anything under 300k is essentially a shack and said shack is not actually worth 300k more like 180k no one wants that drop in economic status. A nice house in a safe nice neighborhood. You are looking North of 400k 500k it’s just out of reach I’m 32 btw.

  • @Scuba451
    @Scuba451 Před 2 měsíci

    So glad I bought my house in 2006, I paid 62500 for it my neighbor laughed cause he thought I over paid, now it’s worth 200k and will
    Be paid off in
    About 6 years can’t wait poor kids now don’t have a chance, my son joined air force cause him
    And his wife couldn’t make it

  • @freewillchoice8052
    @freewillchoice8052 Před 2 měsíci

    Smaller insurance companies will come into the Florida market to capture the premiums

  • @HiddenGemindasunshine
    @HiddenGemindasunshine Před 2 měsíci

    I'm a single mother in Florida and making about 90k a year. I can't afford a townhouse 😢

  • @brandonfrans
    @brandonfrans Před 2 měsíci

    You can’t build a new home in Omaha NE for less than $325k…avg price point for middle class areas has jumped about $85k-$100k for A move in ready prime schools (grade A) property.

  • @1227Masher
    @1227Masher Před 2 měsíci

    Just subscribed. Great content. I agree - we are headed for a major crash.

  • @rgarri6396
    @rgarri6396 Před 2 měsíci

    Look at that water! I see a cat 5 hurricane coming and destroying our community. High crime, high taxes, high insurance premiums, lots of Cubans, who could ask for more.

  • @janethill4365
    @janethill4365 Před 2 měsíci

    I bought my Florida home in 1978 for $32,000.00. It is in insane what it is worth now, ridiculous really.

  • @Myheartsease
    @Myheartsease Před 2 měsíci +2

    But let’s just keep giving tax cuts to the rich. 🤦‍♀️🤦‍♀️

  • @craigmorse5685
    @craigmorse5685 Před 2 měsíci +1

    Great video Brant!

  • @estelalordiluv6973
    @estelalordiluv6973 Před 2 měsíci

    I would love to move into a 55+ over community and even though i am able to afford the condo, im concerned about rising HOA fees and high property taxes. What do you suggest?? Your input would be greatly appreciated 😊😊

    • @Nournourhayati409
      @Nournourhayati409 Před 2 měsíci

      A Single family home for sale by owner
      HOA 52$
      on zillow FSBO
      1074 hamlet dr Maitland, Fl
      15 min away from downtown Orlando 😊

  • @cindyrollins847
    @cindyrollins847 Před 2 měsíci

    I’m curious where you are walking. You said Gulf Breeze that’s a beautiful peaceful spot where you are

  • @matthowell8985
    @matthowell8985 Před 2 měsíci

    If it was afordable and it was on the market a little earlier.Black rock already owns it now.

  • @mikejohnson55281
    @mikejohnson55281 Před 2 měsíci

    How do we fix the debt? No president wants or will hit the brakes and work on it.

  • @stevel1733
    @stevel1733 Před 2 měsíci

    The title made me click. I had no idea it was one of my fishing channel subscripts. Very interesting. My home in the middle of tulsa oklahoma cost more for insurance than my friends bigger house in a beach town north of port st. Lucie. What the heck?

  • @mikehataway4126
    @mikehataway4126 Před 2 měsíci

    I hear these people on news shows in NY talk about Fl and how great it is and it’s so cheap and I just shake my head. I’ve been looking for two years to buy a house in Brevard county and I keep chickening out.

    • @jc1979af
      @jc1979af Před 2 měsíci

      House prices are nuts. Pasco County is asking for $300k+ for 1980s era houses that have 1 car garages .
      These homes should be $180k tops