The continuously changing economic conditions in our society have made it necessary for thousands of peopleto find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.
@NicholasHarmon-ow3jl2 сағат бұрын
buying the dip has proven to be profitable although for majority, the solution to their problem can be found only in specialized knowledge hence they seek guidance from well experienced advisors
@HarrietBemish2 сағат бұрын
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
@EllenAbrex2 сағат 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.
@HarrietBemish2 сағат бұрын
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
@EllenAbrex2 сағат бұрын
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
@moretoliving22365 сағат бұрын
Quantity of homes on market or the interest rates on mortgages have NEVER EVER EVER NEVER played any role on home prices. They never did, do not and never will. It is a misnomer, misinformation, lie propagated by those with skin in the game. Home asking prices are not determined by what people are willing to pay. They are determined by what people want to list them for. Bob and Susan want to retire and have $120K in their 401K and $6K in their savings. This is exactly why they are listing their $56,000 single wide mobile home built in 1952 that is literally held together by a blue tarp and duct tape for $1,300,000 hoping there is a moron out there who will actually pay those prices. And even if they lower price by 90%... it will still cost $1,300,000 too much. Next to Bob there is Samantha who is like ohh they will never sell it for 1.3 million, I am going to list for $988K... a 1962 home with $600,000 worth of repairs that need done. Next to them is a brand new house in subdivision listed for $480K and it too is not selling. It got built for $180K to sell as $240K but they list it for 200% expecting a moron to buy it. And morons keep coming so prices are not coming down because these gullible bafoons are coming en masse. Then those idiots realize they can't afford a $688K house on a $48,000 salary and attempt to sell for $775K to get out. Moment of reckoning can not come soon enough. This should be illegal to do what they do... ASK WHATEVER.
@DWilliam15 сағат бұрын
Show the prices from 2020…huge inflated scam. Houses are supposed to go up 3-4% a year not 50%.
@user-rs1wc9qs3nКүн бұрын
We just want living spaces that aren't detrimental to our health and won't collapse on us. Ridiculous that this sort of thing isn't a priority in habitation
@KaptnKorkКүн бұрын
Building standards are a good thing. Sorry Americans, but your paper thin walls don't cut it. I'm happy owning a condo in Germany. I never hear anything from the family above or the couple next door. Quality 🎉. This is achieved by having concrete walls between the condos, and having acoustic dampening built into the floor, into all pipes and so on.
@matthatfield4615Күн бұрын
BOOM!! Thanks Krista for all the great information - You Rock!!
@DEG1985Күн бұрын
Florida is the state with the highest number of inventory in the entire nation with 141,298 properties for sale. In 2024, many major metropolitan areas in Florida are experiencing price reductions. Home prices are coming down, and inventory levels are exploding. Florida and Idaho have now joined Texas in reaching pre-pandemic levels of housing inventory.
@michaelsd284Күн бұрын
I agree with the overall statement that the housing market is cooling off. The challenge we all have with looking at the data is we are not getting the level of detail we need to appreciate where this market really is. For example, which prices stratum are the homes selling from and is this sales volume for each stratum aligned to the "normal" market (i.e. pre-2020)? I suspect the homes that are currently selling are homes in the upper price strata thus driving/keep the home prices higher (false reality). I would also like to see if the homes selling were "homestead exempt" and if the new owners are "homestead exempting" them (i.e. are these investment properties or live-ins). I would not give to much weight to the inventory levels for the following reasons. First, we are still about 500k homes short nationwide on normal inventory levels and this was with interest rates in the 5% range. Second, new construction nationwide is on a downward trend as we see building permits and starts as well as architect billing declining quarter over quarter. When we looks at professional construction suppliers like Builders FirstSource their earnings are down and are forecasting continued slowing well into 2025. Discretionary construction suppliers like HomeDepot (i.e. repairs and DIYs) are also not projecting positives for the next several quarters. These building decline's impacts are delayed due to the construction already in motion coming to market, but will begin to hit hard in 4-6 months from now. The over impact is a majority of inventory in the beginning of 2025 will need to come from existing homes which will be challenging as most current homeowners have mortgage interest rates at of below 4%. The root of the problem continues to be the bubble rise of home prices which is the most significant component of affordability (behind income and borrowing rates). People seem to forget that the "shelter" costs account for more then 50% of ones monthly spend. There are so many associated costs based on the home price such as property tax, insurance rate and cost, repair and maintenance, and yes even the mortgage interest rate. For all those cheering for lower interest rates, be careful of what you ask for. Interest rates in the sub-3% range (along with some tax breaks for investors) is what got us into this mess. The longer we can keep interest rates at or above 5% the better it will be for the housing market in the long run. Remember home prices jumped +40% from 2020-2022. With the normal house appreciation in the ~5% it will take ~8 years with 0% appreciation (highly doubtful) for the home price to fall back into the normal historical trend. Its going to be a long and painful couple of years ahead for the housing market.
@user-em1sj5ph6hКүн бұрын
Very informative video.
@OrlandoandBeyondwithKristaКүн бұрын
@@user-em1sj5ph6h thank you!
@user-em1sj5ph6hКүн бұрын
Say it ain’t so…..corporations are ultra greedy?
@user-em1sj5ph6hКүн бұрын
“The appeals of a condo”? What in the hell is that?
@dpetrano2 күн бұрын
Move to central FL on acreage close as possible to US HWY 301 where there's privacy and easy escape route to Interstate 10.
@rolandthethompsongunner642 күн бұрын
My god are people dumb. Of course places like Miami and Sarasota are expensive. But central and northern Florida are not. And your home insurance away from the coast isn’t either. But I hope people remain dumb 😂
@GillAgainsIsland122 күн бұрын
If Harris wins the presidency, the flight from woke states will accelerate. Florida will have another real estate boom.
@DEG19852 күн бұрын
Most people I know who work in construction are telling me that work has gone down a lot and that prices are going to go down.
@davemojarra26662 күн бұрын
"Used to..." Very popular Florida opening phrase
@Kwk165342 күн бұрын
You will have trouble selling if you have an HOA that's doubling and tripling monthly fees happening everywhere in Florida because they have so many HOAs no would-be buyer wants to get stuck with having to pay this out plus the insurance if they can find it now let's get out of Florida as quickly as possible
@michaelsd284Күн бұрын
Not sure where you are living but HOAs are very common and in fact needed for large communities to maintain the common areas and amenities. Much of the hype in Florida regarding HOA increases has to do with the multi-family buildings greater then 3 stories and is related to the new laws and regulations for safety (see Surfside Tower collapse). Infrastructure bonds, which are a way for the developer to pass on the costs of the infrastructure of the development (i.e, roads, H2O/sewage, etc.), is something I'm noticing that is surprising a lot of folks who are moving to Florida from other states. These bonds can be very substantial in some cases. For example, in The Villages, they see bonds in the $30k-$80k range (paid over 30years). Again a surprise for sure if you are not expecting the extra out of pocket each month. On the positive side many folks should take a look and ensure they get credit for many of the Homeowner exemptions offered like Homestead, Widow/Widower, Disabled, etc.The exemptions help to both reduce your costs now but also protect you from accelerated increases in the future.
@selecttravelvacations74727 сағат бұрын
The problem in FL is way more complex than that. The State is making the condos get compliant which means condo owners have to pay “assessment fees”, some of which are more than the value of their condo for some reason. Apparently they were supposed to be creating separate funds for this a long time ago but didn’t in most areas. Then HOA regular fees are tripling in many areas as well. So now there are too many empty condos. The elderly are being hit the hardest of course since they are on fixed incomes. All of this to increase safety standards after that condo collapse in FL last year. Another knee jerk over reaction perhaps? Or perhaps it will save lives?
@barenekid96953 күн бұрын
Rebar was Not epoxy coated (partially rust proofed ) Sea air rusts out/dissolves the rebar ..over time Reinforced concrete is no longer reinforced ...So it inevitably pancakes. NOT if.. but When Little can be done to fix the problem. Without possibly Doubling up the structure ! Cheaper to demolish and make an entirely New Bldg. Who in their right mind would buy into such a $$$$ sink hole ....let alone live a Dangerous Bldg.
@just_passing_through3 күн бұрын
5:51 I’m confused. How died the financial situation of the owner (LLC) gave any bearing on the purchaser? Whether you put down 1% or 25%, to e seller gets the total amount once the buyers finance is approved. How does the seller even know what percentage you have? That’s between the buyer and the lender or bank. Nothing to do with the seller at all.
@Trnenergy33 күн бұрын
Moved my family here two years ago to support family member (space coast). Bought home in nice area. Paid too much for home. Property taxes 3x, auto insurance 4x. Quality of homes even new are poorly built. Weather is OK. Traffic and driving habits is just bad. Homeless and I know it exists everywhere is really bad here. We don't feel safe when out. We visited for at least 10 years prior to moving and I thought that we did our research! We have a child that will be finishing high school here and that has not been a good experience. I really thought we would like it here but its just not been the case. Number wise I losing money staying here for retirement. Time to move back to Midwest.
@OrlandoandBeyondwithKrista3 күн бұрын
@@Trnenergy3 I hope you can break even if you decide to sell🤞
@brandonsheffield98733 күн бұрын
$400k is not affordable. Affordable for me is 2020 or earlier for a family of 4. Around $200k, the home has to be no less than 1600 sqft. of living space (not including garage). To make 1600sqft work ill need minimum 3 acres. Im so worried Ill never be able to comfortably afford my own land and home.😢 im 40 so it is looking very grim. Most of my family lives in the Ocklawaha area, super rural, but some big shots have bought huge tracks of landn then subdivided them, this increase the price of land even land that is still undeveloped or in its natural state. No HOAs are present there. But these new houses on .25 acres are selling in the 300k range and are small 1400 to 1600sqft. Not to mention they are ugly LoL. I want a home in the Japan and phillipine style (100% concrete construction with entirely flat roof that serves as a roof deck for leisure) and the groundfloor under the house is for parking. But I imagine that would be way out of my budget even though its only upto 1600sqft.
@darrinatorrr3 күн бұрын
Prices will fall people just haven't accepted it
@equinox76563 күн бұрын
Camera clicking sound effect between images is annoying. Bad production.
@Skyking69764 күн бұрын
We just sold our St Lucie, Florida condo in the PGA Village for twice what we paid in 2018…and we overpaid then, cause the place was perfect and professionally decorated. So…
@flimmaytinstone89804 күн бұрын
I found several nice homes on satellite island in the 350 to 400 range. If you don’t want waterfront it’s not too bad. It’s the insurance that presents a problem.
@sjay1494 күн бұрын
You may have paid more than market value to be able to own a home, while interest rates were very low. You don’t want to lose money by lowering your price and are relying on lower interest rates to return. It’s time to steady the course.
@bigtoeknee114 күн бұрын
I have dropped Florida off my list of pkaces to retire to. Currently overpriced, high insurance rates and overbuilding. Home prices would need to drop 50% for me to even consider it again. SC looks like a bargain now.
@Truknup4 күн бұрын
I agree it’s expensive, but living on the coast is expensive in any state…
@udayanuu71804 күн бұрын
Propaganda to shame Florida. Where is this woman from?
@renewashington7912 күн бұрын
😂😂😂😂 It doesn’t much **to Shame** Florida 😏
@TomWakeman-ul7om4 күн бұрын
They are a rip-off al
@LittleMsChachi4 күн бұрын
All I can say is I’ve been following rent prices for a few years now. I am seeing a high increase in reduced prices north of South Florida and inching its way own. I wouldn’t even accept a house as a gift at this point what with insurance price scam, taxes and city grifting homes away from people with bogus code violations. I’ll just eat my popcorn and watch. Truth be told the City and State own the house and they can take it when ever they want unless you have the money to defend yourself. And that’s not mentioning stupid condos and HOAs.
@robcoombes45494 күн бұрын
Not just condos above 3 stories - i think even 3 story condos in Florida are caught?
@OrlandoandBeyondwithKrista4 күн бұрын
@@robcoombes4549 yes - I misspoke. 3 and up.
@livnasta13335 күн бұрын
HOA fees ,insurance, overestimated assessments, property taxes, mortgage rates increase, now rip off the owners forcing them out from their place and become homeless.
@videosbyvick27545 күн бұрын
What’s happening is, realtors manipulating the market. Simple. They advise the seller not to drop their price. If not, they find an investor willing to pay their inflated prices or hold till someone pays their price. Half a million for a small two bedroom built in 1965 in Miami. Super over priced.
@ocean12335 күн бұрын
The HOME INSURANCE IS THIEVERY ‼️‼️💯👿👿👿👿💯💯💯💯 AND YOU ARE A LIAR
@Times_Ticking5 күн бұрын
owner occupied (no f'ing investment property) condos are the LAST affordable housing in Florida
@toddhanson50475 күн бұрын
Prices are still up because there are still buyers wanting the awesome florida lifestyle.
@mikem44325 күн бұрын
THIS ENTIRE VIDEO IS COMPLETE RUBBISH.. HOUSING PRICES ARE IN A HYPER BUBBLE THAT WILL BURST .. TIC TOCK you do not want to buy now.. YOU WILL REGRET IT
@steve-wf3rm5 күн бұрын
The taxes & insurance on 675 K in Florida right now makes it a tough deal. It still needs another 1-200 K to get it back in shape. Then you have close to a million in it & the Florida housing market is ung right now. It still looks like a very nice place.
@johnscott56626 күн бұрын
I’ll bet that none of the people who move out of Florida are moving to Philadelphia or Chicago. 😂
@penknee4yrthoughts6 күн бұрын
I see a lot of brand-new houses being built daily in the Orlando area starting at 450k and up. With more and more amenities and shopping being offered as a selling point. You see less and less of 55-plus communities being built now. It's the retirees on a fixed income who can't afford it anymore that are moving out.. It's being forced to ensure you replace your roof in 15 years. It's the homeowner's insurance that's driving people out. It's the Millennials with decent jobs who can afford to work in downtown Orlando who are buying brand-new homes. Orlando is moving in a different direction. As more “upper-class” move in whether young or not. Think Davenport and Clermont hoping to be the clone of Winter Garden as EVERYONE wants that hipster life with Disney around the corner. It's coming folks.
@OrlandoandBeyondwithKrista6 күн бұрын
@@penknee4yrthoughts 55+ is usually far outside the city limits and often designed to keep people within its own community (shopping, restaurants, amenities on site). Think Deland, Minneola, St Cloud - they are still being built.
@penknee4yrthoughts6 күн бұрын
@@OrlandoandBeyondwithKrista Outside the city would be a 30 min to Disney World Yes, all of those you mentioned are very expensive "upper-class" retirees. I am not from FL. But looking to move in. Turning 55 + with a heart for Disney who Still needs to work.
@OrlandoandBeyondwithKrista6 күн бұрын
@@penknee4yrthoughts south of Disney usually still has the most affordable areas, in that case. 55+ HOA fees can be a killer due to all the amenities. If you don’t absolutely have to have 55+ you might be better off just buying new construction in an all-ages community.
@penknee4yrthoughts4 күн бұрын
@@OrlandoandBeyondwithKrista Yes thank you.... Will continue to be educated on what is the right thing to do.
@mistiinseattle6 күн бұрын
Ha! I fell for that and had no idea you could buy one and later get hit with massive assessments. They are NOT a wise step
@imakethesites30487 күн бұрын
My wife and I are in our 40s, elementary school children, and a house that will be paid off in 3 years in Orlando. In the meantime, I'm really tired of the heat, I never visit the theme parks or beaches, and I hate what the Florida government is doing here. My wife doesn't want to leave and my kids already have a few friends and like their school. I'm about to go back to UCF for a second college degree, so I think we'll be stuck here for at least another three years. =(
@obbie1osias4678 күн бұрын
People just keep disregarding the law of supply and demand! They think it doen't apply in real estate. The fantasy about home prices coming down because of the new changes NAR is implementing will backfire with that expectation.
@jfphotography699 күн бұрын
Blackrock. And we all know what tribe owns Blackrock.
@robhayes43529 күн бұрын
Florida prices are too high for Florida residents. But people have to buy anyway. So now we have people who have bought in the last few years at extreme prices, with extreme mortgage rates. And now the insurance crisis (thanks roofing scammers, again for that) makes it so that people cannot afford the required insurance on the house they sink more than 50% of their income into. This all spells DEFAULT. One major storm, and everything crashes. The short-sales have already begun. When the common people who didn't have the cash stop making payments, the market is going to crash since the banks are going to be flooded with property. Lets see how that competes with a 60% increase of available homes none can afford to buy.
@bryanfindley14389 күн бұрын
its a great done video.. and a cute lady doing it.. ha,ha..
@user-dc7yh2xj8u9 күн бұрын
Been here since 1995! Now is a bad time to move to Florida, unless you're a multi-millionaire, and not just a millionaire, you cannot survive without a lot of hard work!!❤
@lindawyatt83419 күн бұрын
Me too. Good luck.😂
@user-yq5od9uj3f10 күн бұрын
Ron DeSantis. Single handedly destroying the housing market in Florida. He'll probably try some way to blame it on Mickey Mouse, Immigrants or Books that should be banned, Woke. Anything other than taking responsibility for any part of it.