Yeah the seller greed is out of control tbh. I am a realtor and really crazy what people want to list their homes for. You can't keep increasing the price of homes and not increase wages to go along with it. Homes overall are just way overpriced.
Stop Real Page, Walstreet and Hedge Funds from purchasing properties and price gouging the poor people. Housing should be safeguarded as Essential Social Infrastructure.
None of the homes you showed are worth the price! Seriously! I don't think so! Save your money and invest it in your 401K if you have one! The sad truth is you never really own your home! Property taxes are forever, and they go up not to mention all of the other expenses that go along with being a homeowner!
Or move to another state. As a Florida native myself, I agree with you. Many of the properties being sold in major Metropolitan areas in Florida are not worth the asking price.
As a previous renter i bought my house thinking the mortgage was fixed and less than the rent, why not buy? Yes, the mortgage is fixed, but the taxes and insurance and repair costs arent! Talk about an AHA moment. This was years ago that i bought and i feel so bad for excited new homeowners who will soon find out the true costs of homeownership. 😢
Thanks for sharing your story! It bothers me that most folks online don’t talk about the fact that insurance and taxes are subject to change. Be encouraged!
We are down in Kissimmee, FL but I lived in that exact Jacksonville, FL zip code in the 90s. My dad bought our home back in the 90s there for 69k, it was 1200 sq ft. Yes, you read that right, the exact same zip code for a 3 year old home was 69k. My dad sold it 9 years later for 110k in the early 00's. People are in FOMO and go so scared and had to buy anything here in Florida. Our home doubled in price since we bought it in '12, no way it's worth 600s. You are seeing more and more Floridians bail on this expensive state and go to the Carolinas and Tennessee. We are one of the ones headed out here in the next few months to either Kentucky or Southern Missouri. We will know by next week if she takes either job there. It costs half the price to live there yet they pay her field 50% more than in Florida. People are nuts.
I may have missed the housing market crash part. Are you implying one is coming due to price cuts and homes sitting on the market? Also how do you define a housing market crash?
Nah I don’t think there is a crash coming. We might see some sort of price correction (to some extent this is happening in some places) in certain cities. I am curious about homes that have been in the market a long time, they may experience further price reductions to sell, who knows. But there won’t be a repeat of 2008 in my opinion. Hope that helps and thanks for the comment.
Home purchase cancellations are just decision changes. Most bought someone else. I bought new N Central FL. They built 10 new houses around me and sold them all.
Everyone in Arizona can just look at Zillow and see that houses went up 30% and know that they are overvalued. The powers that be are falling over themselves to offer solutions like lower rates and incentives only to neglect the understanding that the inflated values are the real issue.
A prediction I believe in is that the decline of home prices has begun its cycle. The new race will be who can unload their homes the fastest in order to make a decent pay day. The days of 10k+ over asking are over. Hold onto your home at your own risk if selling is a priority. Come down in price and sell that thing before prices dip too low.
If you're selling a home, do not budge on your price!! Let Jay Powell cut 50 basis points and let the buyers come out of the woodwork and bid your property upward!! 😅
Watch the FREE Out of State Investing Training -www.outofstatemoney.com/
Simple reason, 6 years ago that was a $190k listing. They are smoking some good stuff in Orlando if they think it's now worth $520k.
Yeah the seller greed is out of control tbh. I am a realtor and really crazy what people want to list their homes for. You can't keep increasing the price of homes and not increase wages to go along with it. Homes overall are just way overpriced.
I have a great deal of respect for you being able to say that as a realtor.
Stop Real Page, Walstreet and Hedge Funds from purchasing properties and price gouging the poor people. Housing should be safeguarded as Essential Social Infrastructure.
Housing Insurance is difficult to get in Florida and banks will not finance without insurance.
None of the homes you showed are worth the price! Seriously! I don't think so! Save your money and invest it in your 401K if you have one! The sad truth is you never really own your home! Property taxes are forever, and they go up not to mention all of the other expenses that go along with being a homeowner!
Some of these sellers are truly delusional!
Or move to another state. As a Florida native myself, I agree with you. Many of the properties being sold in major Metropolitan areas in Florida are not worth the asking price.
@@gatman18 Moving is def a great think to consider!
How are you saving your money if you’re paying a lot more in RENT than for a mortgage? Property taxes are going away very soon.
Housing should be safeguarded as Essential Social Infrastructure.
As a previous renter i bought my house thinking the mortgage was fixed and less than the rent, why not buy? Yes, the mortgage is fixed, but the taxes and insurance and repair costs arent! Talk about an AHA moment. This was years ago that i bought and i feel so bad for excited new homeowners who will soon find out the true costs of homeownership. 😢
Thanks for sharing your story! It bothers me that most folks online don’t talk about the fact that insurance and taxes are subject to change. Be encouraged!
Best thing is when a tenant pays for it, but if you’re living in it, very good point.
We are down in Kissimmee, FL but I lived in that exact Jacksonville, FL zip code in the 90s. My dad bought our home back in the 90s there for 69k, it was 1200 sq ft. Yes, you read that right, the exact same zip code for a 3 year old home was 69k. My dad sold it 9 years later for 110k in the early 00's. People are in FOMO and go so scared and had to buy anything here in Florida. Our home doubled in price since we bought it in '12, no way it's worth 600s. You are seeing more and more Floridians bail on this expensive state and go to the Carolinas and Tennessee. We are one of the ones headed out here in the next few months to either Kentucky or Southern Missouri. We will know by next week if she takes either job there. It costs half the price to live there yet they pay her field 50% more than in Florida. People are nuts.
You, Real Estate Mindset, Orlando Miner, Michael Bordenaro and Sachs Realty.... bring reality and facts!!🎉🎉
Thank you!
Don't forget Ben Greico
56000…I don't think so..
6:29
In valdosta ga which is 2 hrs north, will go for only $230k
This is going to make 2008 look like a cakewalk.
Think so?
😂😂😂
No its not lol, we won't see nothing like 08 in our lifetimes... I remember that time VERY WELL, its way different
@@02nupe Whatever helps you sleep at night 😂😂😂
@@MegaTamarra same to you lol. 💤 😴
Thanks for your information . With Texas being a non disclosure state. How accurate is the sale price on Redfin or Zillow?
I may have missed the housing market crash part.
Are you implying one is coming due to price cuts and homes sitting on the market?
Also how do you define a housing market crash?
Nah I don’t think there is a crash coming. We might see some sort of price correction (to some extent this is happening in some places) in certain cities. I am curious about homes that have been in the market a long time, they may experience further price reductions to sell, who knows. But there won’t be a repeat of 2008 in my opinion. Hope that helps and thanks for the comment.
At least 50% decline
That San Antonio home is a slam dunk subject to deal if the interest rate is low
Great way to think outside the box!
Home purchase cancellations are just decision changes. Most bought someone else. I bought new N Central FL. They built 10 new houses around me and sold them all.
That’s a good point. I’m glad you were able to buy something!
What part of central fl
@@breezydont Ocala
Everyone in Arizona can just look at Zillow and see that houses went up 30% and know that they are overvalued. The powers that be are falling over themselves to offer solutions like lower rates and incentives only to neglect the understanding that the inflated values are the real issue.
A prediction I believe in is that the decline of home prices has begun its cycle. The new race will be who can unload their homes the fastest in order to make a decent pay day. The days of 10k+ over asking are over. Hold onto your home at your own risk if selling is a priority. Come down in price and sell that thing before prices dip too low.
HOAs are a rip off.
😫
That first Orlando home had photoshopped chairs in the back. 🤦🏾♂️
I didn’t catch that! 😫
Long story short Hedge funds bought up all the mid level residential properties in Florida, which is causing this to happen to there market.
Oh no! More Collapse...Crash....Crumble.. N...Calamity 😅
😂😂😂😂😂
In Philadelphia ghosts house 🏡🏠. Housing market collapsed in Philadelphia
Collapsed how?
If you're selling a home, do not budge on your price!! Let Jay Powell cut 50 basis points and let the buyers come out of the woodwork and bid your property upward!! 😅