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@Andy_puglife5 ай бұрын
You're one of the few honest real estate agents out there. I'm tired of hearing 10 agents in a row tell me it's the best time to buy. Buyers are not being fooled by the Florida dumpster fire - insurance, property taxes, and maintenance are getting out hand!
@douglasmash40113 ай бұрын
Sorry, live in northeast FL, my house is supposedly worth more than last month. But we have a bad lack of homes here.
@Games4Kidz75 ай бұрын
- Sellers….sell the houses to blackrock and vanguard, we are broke, we can’t afford the luxury prices you are asking - average Joe Buyer
@ronthomas81085 ай бұрын
Most people could not afford to buy the home they are living in with today’s prices.
@retiredlogman5 ай бұрын
Depending on the area of Florida this is a market that can vary greatly. Beware of generalities, this is a big state.
@SuperMachead15 ай бұрын
Just a side note ….having an expensive car most likely means you have over extended yourself for whatever reason…..and don’t actually have any money in the bank…
@nogames89824 ай бұрын
In my town some of the most expensive cars are parked in front of the creepiest houses. I’d rather have a decent house and a junker car myself. But people get their priorities off. Or they just have different priorities I guess.
@ErickaWilliamsCC4 ай бұрын
Or have a business
@lisasaunders48354 ай бұрын
This is not going to take 5-7 years this time. We will wake up one morning and EVERYTHING will have changed. You just watch. Mark My Words...
@Porco_Utah4 ай бұрын
Orange County Calif, same things. some people trying to sell their house for $1.4M while comp selling for $1.0M or even lower. those are people who bought a house around $1.2M thinking it will gonna go up. 2008 all over again.
@brigadiergeneral23993 ай бұрын
Last year he said best time to buy and sell cause prices was going up now he says best time to buy and sell cause prices are coming down lol 😂
@edmetz86004 ай бұрын
You are right an you realty people did it.
@ChrisIgoe14 ай бұрын
It was all me
@acousticide5 ай бұрын
In Las Vegas 2 months ago my RE said we could list way over market, and I laughed thinking I would actually take a loss.... first day of open house 2 offers at asking price... I still can't believe that happened. No way was that house worth that...
@nogames89824 ай бұрын
Oh well. If they’re that stupid, take the money and run.
@ArleneColecchia-yt7cn4 ай бұрын
It’s nice to listen to someone who speaks from experience. I totally agree. 👍
@HistoryRepeats1014 ай бұрын
Glad to see the Teslas in the driveway and not in their garage. I’ve seen one parked in garage, caught on fire and burn down the house, Yikes!
@ChrisIgoe14 ай бұрын
A friends Porsche EV recently caught fire in their garage which cerated massive fire and smoke damage throughout the house which forced them out for months so it could be fixed and remediated. Definitely not fun. Thankfully they have the resources to afford to pivot comfortably, most people don't these days.
@thereare4lights174 ай бұрын
IN Florida, yes. There will be a correction. The cost to insure homes and the rise in cost over the past five years will push people out and reduce demand.
@ChrisIgoe14 ай бұрын
Thanks for watching. I'm committed to sharing the truth so that you are empowered to make the best decisions for yourself, family, and financial bottom line.
@doolittlegeorge4 ай бұрын
1926 Miami real estate crash. Low was $1.00 an acre.
@captainbuck59695 ай бұрын
I am a home owner in Florida and I am not desperate.
@raulzavala47584 ай бұрын
You’re that 1 in a million
@nickyb-ff6me5 ай бұрын
Great video! Glad to see you getting back to your original style
@amardeepsidhu28714 ай бұрын
Truly believe market is run by hedge fund investors and Airbnb once there bubble pops or new laws come in place housing will be down by a lot.
@patsyalbertengel30664 ай бұрын
Never judge a person's wealth from the cars in the driveway. That's the stupid index, cars are not an asset they are a big liability. If you paid cash then you are ok, but few cars are not financed.
@donbxman70804 ай бұрын
I thought about retiring to Florida one time but after talking to owners there the real estate taxes and home owners insurance rates fluctuated like bitcoin, 20k one day 70K the next! Glad I took a wait and see approach. Great state to visit but can't afford to live there!
@markbraxton91804 ай бұрын
Great video, Chris. Thank you.
@ytSuns265 ай бұрын
Handymen have become very$$$. I guess when they know the extreme talent required to flip burgers .handymen have to figure they are$400.00 per day. Can’t blame them on bit.
@tanyauljanova74644 ай бұрын
Stop lies . Prices on houses don’t go down at all . Go on real estate listing websites.
@wespotter69854 ай бұрын
Chris, can you shed some light on where these sellers are relocating too?It'll be interesting to know if they are leaving the state
@rodolfofarinas88734 ай бұрын
6 Months ago, a new construction house sold right in front of mine, it sold for like $380K yesterday the house in the rear of mine, was listed for $280K Yes its not a new construction, but it has more Sq.F. than the one that sold for $100K more just 6 months ago, as soon as the new listing sells, there goes the value of the house in front.
@coldeed3 ай бұрын
Houses down here never had that 400k value. Things listed at that over the last 4 years keep selling around 290-350k at max. People are genuinely struggling to sell under 375k. Most are settling for around 330k
@Mike-ew9zn5 ай бұрын
Gloom and Doom gets views! 🙄 Heard about the crashes for how long now?
@RichardWiazardry5 ай бұрын
It’s called real estate cycles they are 7 years at the low end or as long as 12 years between real estate crashes.
@nogames89824 ай бұрын
Very true. It’s been well over a year now all I’ve heard is how the market is going to crash. It’s going to happen etc. etc. Well, it might. But it hasn’t happened yet.
@terrymoore8615 ай бұрын
As the crustal slip continues, Florida will hit the ocean bulge at the equator and will all be under water.
@edmetz86004 ай бұрын
It is Ron DeSantis wake up F.L.
@WolverineX74994 ай бұрын
There is ZERO reason for new homes to be soooo overpriced in Florida. Zero!! I am lucky. We have no mortgage. I'd like to buy in Florida but not now.
@phyllis97505 ай бұрын
I thought it would just be the worn down condo buildings, but how couldn't insurance fall apart. Even we as citizens are worn of sending billions down there yearly. Maybe we need to re- think Florida. Either we do, or the economy will decide for us.
@1138prometheus5 ай бұрын
Sorry friend. You have it backwards? It's the equity market that's the last to go down because when asset values fall and people need to liquidate to cover debts, they desperately begin selling everything that has value which is why stocks and gold are the last to go down. Inside that home you just passed they're probably trying to decide whether to let the blue Tesla or the Tesla truck go back to the dealer.
@bobic1954 ай бұрын
😂😂😂 So money loose value every day at the high rate in the same time the houses become cheaper? 😂😂😂 That's a statement.
@iiio125 ай бұрын
The housing market isn't a tail, it's half of the body
5 ай бұрын
Everyone will be moving back to the Bronx
@SlaveNation14 ай бұрын
Haven’t seen a soft market in the Orlando area yet.
@ytSuns265 ай бұрын
Cubans spend 70% on food . If we keep moving toward socialism look to see same.
@michaelsd2845 ай бұрын
How are we moving to Socialism? I'll agree we have many social programs that honestly help our society as a whole, but our problem is we have overachieved capitalism. We pander to the wealthy. Look at all the billionaires who brag about not paying taxes? And explain to me why we have a top end for taxes so those who earn +$168k stop contributing to social security or medicare anything above $168k? Why do we allow CEO to bypass income tax by taking a $1 salary but make millions in stock which gets taxed at 15%? Why do we allow corporation to own single family houses? Oh, wait, you were talking about socialism right ? 🤣
5 ай бұрын
That's a lot of black beans and rice
5 ай бұрын
Ronald Reagan did not pay taxes..
@torsten67775 ай бұрын
What percentage of Florida homeowners had a significant increase in tax/insurance?
@maryrenaud67325 ай бұрын
Insurance: 100%, Property tax:
@winniethepoohandeeyore25 ай бұрын
As analysts stated over a year ago, Get ready....
@darinthesecularspiritualist5 ай бұрын
Buyers have no banks so better have six figures to play
@johnrubino76045 ай бұрын
In 1987 I bought a 3/3 zero lot line home at Barclay Club at PGA National for $132,000 with the pool package option and wood ceiling upgrade. I sold it in '95 for for $165K and my lawyer said I was a lucky seller because I had money coming back to me. By 2004 the home sold for 310K. Now that same home sells for 750K. Zero interest rates for 13 years elevated all home prices. Distorted the market. Plus the HOA fee's, taxes, insurance, electricity cost and food cost have skyrocketed, making Florida a premium price for living. South Carolina is about 40% of the cost of Florida. Retirees are looking at West Virginia too. Plus a lot of PPP money that was supposed to go into businesses instead filtered into South Florida real estate as Airbnb properties. Naples area alone has over 17,000 Airbnb properties as I write. Plus you have hurricaine season coming up and a big election. How big a correction is coming to Florida I don't know. One other point for Chris, I believe you were a former stock broker, interest rates on savings in 2020, 2021 even 2022 were a paltry 1% or 2%. So people speculated on Florida real estate to earn through rents maybe a 6% return plus some capital appreciation. Today an investor can park his money in a 3 month T-Bill and earn 5.40% risk free. So the time premium of money has changed in the last two years.
@melaniag.78775 ай бұрын
Excellent comments. Spot on.
@frankrusso20935 ай бұрын
Let them eat cake
@torsten67775 ай бұрын
I love cake!
@shakazulu35945 ай бұрын
The spells are definitely working!! Praise it all!😄
@seq1jav5 ай бұрын
Just wondering. Can the police ticket you as a distracted driver having video proof of you using a cell phone while driving? Great Videos! We are possible Florida retirees, but we are waiting until after this hurricane and presidential election season to see what happens as we suspect home prices to drop dramatically to yield 2025 bargains!
@BeFaithful_Endure_FinishWell5 ай бұрын
Did you mean to say 5-7 years or months?
@sackedbysapp78795 ай бұрын
Please don’t drive and look at your phone…. You should know better!
@user-st7sz6xg2c5 ай бұрын
A whole Lotta chit chat absolute nothing. Camon igoe
@schawnettarobinson85845 ай бұрын
I miss Florida ❤
@jeffl.dillard86815 ай бұрын
60% to 90% is a stretch! But, 50% is definitely on the horizon!!!
@bobdowns69735 ай бұрын
RON DESANTIS RUINED FLORIDA! QUICK!
@carmenmancheno58175 ай бұрын
Exactly !
@dmac425 ай бұрын
why do you think so many people moved here? Hint the answer is already in your statement. And if you’re gonna say he should control insurance, he can’t control the weather. California is as shitty blue as you can get and the insurance companies are leaving there as well.
@retromoto94565 ай бұрын
Do you wanna live in Paradise?" YOU PAY! INSURANCE! 🫤
@patsyalbertengel30664 ай бұрын
Never judge a person's wealth from the cars in the driveway. That's the stupid index, cars are not an asset they are a big liability. If you paid cash then you are ok, but few cars are not financed.