Dramatic 30% rent cuts in Florida. “Landlords on the verge of bankruptcy.”

[@ReventureConsulting]

Lots of investors got into Florida and Texas at the wrong time in 2022 and 2023. Now rents are dropping just as for sale inventory spikes. Ugly combination for lots of existing landlords. Head to www.reventure.app to track home price and rental rate data in your market so you can make a more informed decision as investor or buyer. Start by looking at home price/rental rates trends in your ZIP code for free.

[@GardenerEarthGuy]

I do pest control and have been talking about the for sale signs, but I serviced a property today which was an AB&B and now it's a rental company and occupied by Haitians. Cats and dogs in the neighborhood were present, but this crash will be worse than 08 and much worse than Desert Shield.

[@MichaelMcIntire-h5e]

​@GardenerEarthGuy So, what are the odds for the cats and dogs? The Muscovey ducks are certainly doomed!

[@brianleblanc2758]

@@GardenerEarthGuy lol

[@GardenerEarthGuy]

@@MichaelMcIntire-h5e That's a legal take though.... 😂 No calling, Out Of Bounds with them! Funny story- was driving in traffic today and saw two cars weaving lanes, the person beside me asked, ' what are they doing? ' I replied with the obvious.... They're eating the cats and dogs. 😂

[@lnicole2504]

I've been following this channel since 2020, and I am beginning to regret it because nothing you have said has come true. I live in Spring Hill, FL and the rents have not dropped at all, and the houses are ever so slightly coming down, but most are still getting full asking price and selling in 3 months time.

[@dsj9831]

As a buyer DO NOT buy a home that is for sale from a large wall street investor. Let them lose their a**. This will make them think twice the next time they want to scoop up single family homes.

[@i3randon92]

Exactly what I was going to say.

[@connieso199]

Exactly well said 😊

[@rebeccarittenhouse2203]

Or the government will bail them out and we get screwed twice.

[@SouthernGntlmn]

Don’t sell to one either!

[@Theomite]

Psychopaths don't learn from negative reinforcement. They only change their tactics.

[@jacintapinckney1531]

I'm in Florida. Before 2020, my rent was $1250. My landlord sold his place so I had to move. I could not find anything affordable. I am now paying $2700 in rent. The salaries in Florida DO NOT match the cost of living now and people are financially STRUGGLING😢

[@Avtr44]

Try Georgia or Ok.

[@jacintapinckney1531]

@Bonneville-b3m I work three jobs. I'm considering moving.

[@pumpupjam9648]

Brain surgeons in Florida only make $10.00 an hour, so the investors want $2800 a month rent?

[@jacintapinckney1531]

@@pumpupjam9648 😂😂😂

[@Mickey-cx8ll]

South Carolina

[@reiniergarcia]

A small studio that used to cost 500 bucks in 2015 and 625 in 2019, now costs 1650 in 2024. It's insane.

[@Jansheff2010]

NY rates in and new Yorkers can barely afford it, NJ same story

[@theinvisiblewoman5709]

I rent a room for $550 and I’m ready to move out so badly and the prices of an apartment is just too high for me. I barely saved $2000, and that’s barely enough for a studio 1st month and deposit, forget first, last and deposit. Hopefully with the new raise I can finally get my own place.

[@meiu7652]

As a young, working american that has been priced out of the housing market for years, all i have to say is GOOD. It never should have been like this.

[@terryheatwole6153]

It is like this because of the RapeThePubliCons….every bit of the economic mess faced by the US is directly related to their billionaire policies. Thank you

[@bfyrth]

😆

[@astrahcat1212]

Id just leave the country Malaysia has some nice homes in safe neighborhoods

[@matthewhuszarik4173]

There has never been a guarantee that you will be able to afford to be a home owner even when working full time that is an American myth. The percentage of people who own homes has stayed in the mid 60% for many decades. It got into the high 60% just before the Great Recession which was a major cause of the Great Recession. Deregulation allowed a lot of financially unqualified people to become home owners. If you don’t make enough to save 20% to put down and a secure enough income to make payments for thirty years you shouldn’t be a home buyer, you should be a renter.

[@terryheatwole6153]

@ said like a true oligarch (this is in response to mathewhuszarik4173)

[@BrandonCRFC]

Corporate landlords should not exist. No company should ever own residential property. period.

[@Freaysclaw56]

You’re thinking huge corporations and hedge funds. Many mom and pop rental owners are small corporations for tax purposes.

[@BrandonCRFC]

@@Freaysclaw56 I know how it works. so yes, I agree with you. I still do not believe any individual should be able to hold more than maybe 4 properties. Mom and pops are fine, once you get to that 4+ level, its outside of that mom and pop mentality

[@BrandonCRFC]

@@hardlygamaliel455 ummmm...did you read my comment? It seems you missed the part where I mentioned "corporate landlords" as being the point of what I said. I dont recall mentioning builders.

[@Freaysclaw56]

@@BrandonCRFC you have given this some thought, I haven’t. I do know you can get FHA funding for up to 4 units if you reside in one. So that makes even more sense.

[@BrandonCRFC]

@@Freaysclaw56 Well frankly, I dont know much about FHA funding, or any proposed limits. My opinion is based on the profit margins I tend to see with my clients where their passive income tends to get close to the national average salary. I hate seeing that because I believe in the American Dream and residential property should not be a commodity.

[@gingerkilkus]

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

[@Bellaelena549]

It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.

[@CharlesArthur-fq5sx]

I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?

[@williamDonaldson432]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $200,000.

[@foreverlaura-fq4eu]

@@williamDonaldson432 Impressive can you share more info?

[@williamDonaldson432]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@chicago-l9125]

It appears that IF the investors had just charged "reasonable" rents as opposed to "gouging" people simply because they knew they could, they could have retained their properties while still making a reasonable amount of profit. But they didn't care about the misery they caused to quite a few people, pricing so many folks into the street and in some cases, into homelessness. So, absolutely NO sympathy here, folks.

[@InMyBrz]

What would have happened if all these renters who were getting screwed burned down their apto ? Would they get the message ?

[@chicago-l9125]

@@InMyBrz Ouch!!! That's kinda on the extreme side, don't you think? Lol

[@denisemeletiche8816]

Exactly

[@chillingsworth4384]

Facts

[@jamestillman5247]

If you double the cost of your rent across all properties and 40% of the buildings are sitting empty after the change where before all of the homes are filled then the property owners are still on top with less overhead in the form of maintenance and services required for dealing with the tenant. They can also claim a loss on those properties and get huge tax breaks on top of that! So they don't care my dude, rich people get richer and the middle class and poor get poorer. This is the America everyone voted for. Nobody made housing availability a priority in any presidential race before the current one. Neither the Blue side or Red side has a plan to change anything. And Desantis despite doing some things well as a governor absolutely is in on the housing scandal in Florida. He knows what is going on.

[@piccalillipit9211]

*“Landlords on the verge of bankruptcy.”* one of the nicest sentences in the English language...!!!

[@Resultsnottalk]

Great to hear ! Karma

[@piccalillipit9211]

@@Resultsnottalk YEP - an i hear the other day that Private Equity is starting to dump the farm land [at a loss] they bought up cos the food shortage they were banking on is not happening - and THAT makes me happy...!!!

[@che-waji3470]

"Buying your own house so you don't have to rent" is better.

[@piccalillipit9211]

@@che-waji3470 NO. Its better for some. What if you have to move with your job or career...??? Viena is always the No1 city in the world for quality of life - you know why? Vast amounts of government-controlled rent-controlled housing.

[@che-waji3470]

@piccalillipit9211 rent it out and buy again. You all hate landlords but clearly need them cuz you can't or won't buy.

[@MargaretWest-m8u]

It's time to acknowledge that a return to 3% mortgage rates may be unrealistic. If homeowners are forced to sell, we will likely see a drop in home prices, leading to lower property valuations. I know I'm not the only one who shares this outlook.

[@Toni__Michelle]

If you're in the market, now is the time to buy. Home prices are unlikely to decrease further, and if interest rates do decline in the future, refinancing is always an option.

[@FrankJaaay]

In my opinion, home prices need to decrease by at least 40% before the market finds balance. For those unsure about buying property right now, seeking advice from an experienced financial advisor for optimal portfolio allocation is crucial. This approach has worked for me-I’ve managed to stay profitable over the past five years, accumulating nearly $1 million in investment returns.

[@HotManP-l5g]

That's impressive! I'd be happy to share more details. I understand the hesitation, especially when it feels like many firms offer similar services. However, finding a trustworthy advisor has been key to my success.

[@FrankJaaay]

I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.

[@FerdLerd]

Thank you for taking my advice. I'm glad you were able to research her background and feel confident moving forward. I hope your call goes well-her track record speaks for itself, and I'm optimistic you'll find her guidance valuable.

[@jasonscottjenkins]

I've been renting the same place for nearly 10 years and my landlords have only raised my rent by 20 dollars on my already cheap apt. I feel lucky.

[@carrie8751]

You should be taking very good care of your landlord, they die your rent is going way up. Glad to hear someone is getting a deal.

[@CynBublovesJesus]

You are Blessed 🙌🏽

[@connieso199]

You are bless, you found a land lord that have a heart

[@Peace-nz3jx]

U r rentlord is smert

[@Theomite]

Silence you fool! Don't let...THEM know!

[@ParkDari]

I lowered my rent last year to keep a renter and it worked. Nothing beats 100% occupancy of a mortgage free rental.

[@hugostiglitz47]

Especially if the renter is good and proven to be trusted.

[@barbaravyse660]

It’s always better to rent from an individual than one of these investment companies.

[@dastrnad]

My elderly mother has 9 small rental houses in Florida she and my dad bought back in the 80’s during a real estate slump. She has always kept her rents low to keep her tenants so there is less turnover. They are happy and she doesn’t have to continuously try to find new renters (and risk that they will be the destructive kind of tenant!)

[@SamWilkinsonn]

Leech

[@Eric.1I37]

@@SamWilkinsonn Are you ok?

[@kirkwaln3218]

What a shame investors are losing money because they can't get outrageous rents. Just too bad🙄

[@tommykukulka7811]

Private landlord here i have never raised the rent on a tenant and probably charge prices from 10 years ago but I like longevity and I can stick it to the big corporations with cheaper rent

[@vickym2346]

A true rarity

[@elisabethrobbins1053]

You must be one of the few landlords who can sleep well at night. Thank you for being a good human!!!👏👏👏

[@cnikkii87]

Doing the Lords work!!!

[@chicago-l9125]

People like myself definitely applaud landlords like you! Unfortunately, you and properties like yours are extremely hard to find these days!

[@FreedomofSpeech865]

It is not wrong to raise rents some relative to rise in cost of living as teal estate taxes go up but the issues is the huge hikes which makes it unsustainable

[@fenraven]

Five years ago, I could rent a two-bedroom for $600/month. The rents these days are obscene. Florida is full of seniors on SS. Why would anyone expect us to be able to cough up $2K + a month for rent?

[@jamestillman5247]

Stop being poor! Get into real estate like the rest of us! All you need is perfect credit and a 30k lying around for a down payment! God dang poor people make me sick. /s No but for real yeah the situation sucks. Both for renters and recent investors because both were fooled by the system.

[@oceandinner]

😂😂 five years ago 600 month what you smok😂ing less you lived in the ghetto sure. Average rent cost for a two bedroom five years ago was close to 1600 to 1800 a month. Less you live in a redneck crappy pos area of Florida like apopka, Lee , plant city, or Lakeland. Those areas are so crappy job market sucks more ppl in those areas live off government higher crime rates and drug trafficking.

[@maalikserebryakov]

@@jamestillman5247 Give a FIRM handshake to your boss, look him in the eye and say “I NEED MORE MONEY” and then PULL YOURSELF UP BY THE BOOTSTRAPS

[@aceous99]

@@jamestillman5247 ok Cartman ! I agree, poor people stink!

[@Jansheff2010]

I don't understand how they didn't understand the renters could not pay all that money. A real business person would have done their homework, that's crazy, everyone knows real wages have not gone up in years

[@DerraKormino]

fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

[@HoskinsShanellNicole]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@tatianastarcic]

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

[@JacobsErick-u8r]

Glad to have stumbled on this comment, Please who is the consultant that assist you?.

[@tatianastarcic]

Melissa Terri Swayne is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@winifred-k9e]

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.

[@melisalercari4334]

A lot of landlords abused their tenants charging whatever the hell they wanted. Some literally doubled their rents so now they can suck it up!

[@shayscott7498]

They deserve the downturn. When the market was good my rent was raised $500 a month even though I was never late and kept the place spotless. Landlords can be way too greedy and don't value loyalty.

[@Xavier60Ha]

Ours too our lease ends November our landlord about to get the surprise of their life because we’re not renewing average rent in the area is now $1650-1750 and we’re currently paying $1950 when we started renting it was $1650.

[@sophiasophia7790]

Same w. mine. She raised the rent by 500 . I downsized from a 3 bedroom house(2150, which she the wanted 2350 to resign) to a 2 bedroom brand new luxury apt (1750) and saving appx. 700 a month. No more lawn care, no more high ac bc the house was older and not energy efficient. Literally went from paying a 350 electric bill to 85. Also way more amenities...these private landlords are greedy. Do what saves you money.

[@InMyBrz]

They are just prostitutes selling to the highest bidder, except there are NO buyers anymore

[@1powerequalsgod]

With all the power of institutional investors to have the smartest teams per say to analyze the math in buying real estate they should be the first to call out the amount government scandals regarding high assessment appraisals that lead to higher property taxes. I don’t see the leadership with institutional investment management at the level to defend against property tax scandals related to the government needing more revenue. When these institutional investors lose money in real estate they should be upset with themselves looking over the number of vacancies they own a what the potential tenants can’t an will not afford. It’s on these investors to know how to lower the headaches tenants face to rent aka lease a place to live an make it easier on their income levels so they don’t risk vacating the property or not renting.

[@corinagata9136]

Same with my rent. The landlord didn’t even allow me to sign a 12 month agreement, only 7 months since every time he increased my rent with $250/month

[@IsabelAllende-s2r]

I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.

[@MarieWentworth-p2h]

A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@MarieWentworth-p2h]

I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

[@IsabelAllende-s2r]

@@MarieWentworth-p2h bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@MarieWentworth-p2h]

@@IsabelAllende-s2r The decision on when to pick an Adviser is a very personal one. I take guidance from ‘’Zoe Ann Wiest’’ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@IsabelAllende-s2r]

⁠@@MarieWentworth-p2h I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@_anointedhands]

Am I the only one who doesn’t feel bad for these big corporations and wealthy investors? They are part of the reason why there is such little housing supply yet such great demand from young couples, first time homebuyers. They took a gamble. If they can’t afford then sell to someone who should’ve owned in the first place.

[@clairelivefreeordie2551]

The fact that corporate & foreign entities are STILL being ALLOWED TO BUY SINGLE FAMILY HOMES IS OUTRAGEOUS. A STROKE OF THE PRESIDENTIAL PEN COULD PROHIBIT THIS BUT IT HASN'T BEEN DONE. WHY NOT IS WHAT EVERYONE SHOULD BE ASKING!!!!!

[@jip230]

The elephant in the room is the relative uninsurability of many parts of Florida. Many of these companies are pulling out now because the property may be uninsurable or is soon to be uninsurable and private equity doesn’t want tens of thousands of uninsured properties on its books

[@janekschleicher9661]

Oh, wait, climate change is not just fake news and affects daily life, especially makes it very expensive already today, where it's only about to start getting hotter?!

[@karinaz8756]

That part. People made the migration to Florida from the west and Midwest during Covid. One major Hurricane and all of those out of towners turned around and moved right back.

[@JoaoGuilherme-pt7kh]

Why uninsurable? Natural disasters?

[@karinaz8756]

@@JoaoGuilherme-pt7kh the storms are getting more frequent and more intense. That’s why the insurance companies are leaving the state.

[@letsburn00]

​@@JoaoGuilherme-pt7kh it's always had hurricanes but it's looking like climate change is making them worse.

[@DorathyJoy]

Thee effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?

[@JohnSmith060]

Given the current market situation and the precarious state of the economy, I would recommend refraining from investing in stocks for a while or, alternatively, seeking guidance from a financial advisor. However, keeping a portion of your wealth in gold remains a wise choice.

[@HectorWhitney]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@ChristianKelv]

Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now

[@HectorWhitney]

My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@JacobsErick-u8r]

Thank you for sharing, I must say Melissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

[@Larrye123]

Happy news! I'm glad the big corporations aren't doing so well.

[@tonyburzio4107]

Well, those companies are managing your pension plan. Good luck retiring!

[@angry-white-men]

Yep, they can't collapse any sooner.

[@TheRealJBMcMunn]

I'll bet the employees they lay off aren't as happy as you are.

[@cas2985]

Why do you want the economy to fail?

[@Russ15076]

The big guys EMPLOY people Poor people don't employ anyone

[@invaderjoshua6280]

Rents are dropping here in Austin as well. My rent went from $1500 to $1300 when my wife and I renewed. They built up too much way too quickly. Good for us though.

[@Kwk16534]

It's also dropping because of the abortion ban in Texas a lot of working age people are leaving for refusing to relocate to Texas not worth dying from a miscarriage

[@thealexandralorian]

yeah its Texas. im not going to that dictatorship of a state

[@stevend474]

Congratulations your only paying $1300 for property that should be going for $750.

[@JacobsNews]

​@@Kwk16534that's the silliest thing I've ever heard😂 over a thousand people a day move to Texas

[@SlugSage]

This is good. Keep building!

[@ZuulGatekeeper]

25 years ago just 5% of US housing stock was in the hands of banks/investment houses yet today it's about 25% with just 5 mega companies owning the majority. Property has replaced stocks as the go to assets for investors & about 30% of new builds are bought by investors not to live in but to flip or rent-out.

[@Singlesix6]

Numbes are all over the place. The Urban Institute says the corporate ownership of single-family homes is 3.8%. "3.8 percent According to a recent report by The Urban Institute (2023) in Washington, D.C., these entities owned just under 600,000 homes nationwide, meaning the ownership rate of corporate landlords is estimated to be around 3.8 percent of single-family homes.Jun 20, 2024 Understanding corporate landlords: Decoding a recent housing ... UNC Charlotte Urban Institute"

[@catgray1]

I live in Florida, and used to be a mortgage loan processor. I'm glad corporate home owners can't find renters anymore. The rental prices are ridiculously, and artificially, high. People can't afford it. Corporations having to start selling off those homes will finally make more homes available for sale to regular people. If they are sold at a lower value, the market will adjust after a while... it always does, so no need to freak out about it.

[@yvels3685]

friend of mine that lives in Florida have to redo her roof soon; prices she got quoted makes her consider just sell it and move elsewhere. at least 5x from mainland price.

[@melvinbarnes6652]

Capitalism is wonderful. All we need the government to do is stay the F out the way.

[@DevlinChains]

The investor class has become a predatory class.

[@midnightnavigator]

Has always been*

[@swacfan2791]

These landlords need to be held accountable for ridiculous outrageous high rents.

[@elizabethwitt2621]

No one should buy in Florida right now. Condo values are plummeting by 25% and it's going to get worse by the end of the year. And single family homes are way overpriced along with high insurance, HOA fees, etc. Plus the heat here has become unbearable and is only getting worse every year. Do yourself a favor and stay away from Florida.

[@bibibachmd9995]

Agree. Sold all my RE in SoBe in 2005. It was outrageous then. Miami is crazy now.

[@dmo848]

It was good before COVID hit. That's when my family got in for a steal. Paid 120k for a home on an acre of land. Worth so much more now. Nice lil town of Ocala

[@travisrichardson6233]

Yes it’s terrible here in Florida. Please don’t come here. Sick of all the people who have moved here in the past 3-4 years 😂

[@SA-hz1rs]

@@travisrichardson6233 its trash

[@travisrichardson6233]

@@SA-hz1rs Exactly so everyone should stop coming here.

[@soniamartinez2251]

About time! I worked at a rental company and it was crazy how the owners raised the monthly rent 20 to 30% higher with a 60 day noticed. Totally unfair. Then they raised the car insurance, food, electricity, and gas. Where was the governor and president when this was happening and still happening!!

[@EnFuego79]

You do understand that cumulative inflation is over 25% at this point, right? What exactly do you suppose they should do? Insist that mom & pop investors lose their retirement income and investment they worked their whole life for? The gov't did this when they printed more money during lock down than in the entire history of the country and then decided to shut the economy down artificially boosting peoples disposable income. Now the chickens are coming home to roost. Gov't is the criminal here.

[@KingDanny9]

Sad. I'm so glad I don't have kids.

[@asherah5000]

Now a Realtor is brought in to get in. Friend id a realtor and as soon as a rental came online it was people paying higher than asked to get in. West Palm Beach. He would literally try to educate & get people who'd fare better and could afford it into a place they own.

[@WilliamBTCWallace]

It’s because their insurance and taxes also went up. It’s called expenses.

[@teencat22]

Florida has been red for 20 years and repubs don't ever solve problems.

[@GIO77ification]

In all honesty let them sit on it. Make them lose more money. Dont buy the home from them and dont rent from them. Homes were never supposed to be what corporations are trying to use them for.

[@michelletodd4893]

These investors ran us all out of Florida. It's expensive to live in S. Florida. It used to be affordable. 2 working incomes, over 150k and still struggle. Car insurance higher, gas higher, groceries are unaffordable and not just that. I am not paying 450k for a house that was 160k 4 years ago. Health care sucks, if you can find an honest doctor. As a Floridian, I am sitting back and laughing. GREED is wrong. PURE GREED not profit. Glutinous GREED. Reducing the rent doesn't lower the value of the other houses. It brings it to an honest cost. Common sense says pack your bags and move elsewhere with less crime, better medical, affordable housing. Lost Florida to Northerns, Russians and South Anericans. And apparently that's what we did. 469 condos for rent in Coral Springs.

[@yaiburanakul8505]

That is what I have thought.

[@Willy-hs7uu]

I was just surfing the offering in Fla yesterday, The filters I applied were, 330 and below, 2+ beds, no HOA, no Apartments no 55+ community or Condos. just houses. in Broward/Dade/Palm, only a hand full of offering popped up, and the ones that did were in bad shape all and all in the higher end of my limit. now out west and in smaller towns and cities like Fort Myers and Punta Gorda, it's a buyers market, prices are dropping and there are literally hundreds of nice looking homes. 3 bdr 2 baths with garage on big lots in attractive homes for 250K that is still high compared to 4 years ago, but about 1/2 the cost of the same home if it was in my area (SE Fla). these price drops are just barely creeping down here. I think one of the reasons is that because of the Condo/Apartment situation and astronomical HOA's costs, people are dropping condos and buying homes, so we just do not have a surplus here and it is still a sellers market (for now).

[@redtiger7268]

I was looking at rentals in Orlando. Almost every unit that was vacant for ALSO listed for sale. It is looking like the investors are trying to bail on the unit but get a renter in there so they can "justify" the high rent. The rent they want it very close to what it would cost to buy the unit using a conventional loan with 10% down.

[@neilstern7108]

Check out state farm I got half off what I was paying. Hope it helps you.

[@alphaforce6998]

Planning a pretty hefty lawsuit against one of these corporate renters for their unlawful practices. There is a misconception that something authorized by statute is acceptable if it is contrary to the common law or to the Organic Laws of the United States. Most of these corporate landlords have no standing in court; people need to learn to challenge subject-matter jurisdiction, on the basis that there is no verified complaint from an injured party.

[@stevemean6853]

This should be illegal in every state. Corporations should not own or rent out residential property. 🤔

[@TheRealJBMcMunn]

You do realize that even a landlord with 3 single family properties is highly likely to be incorporated right? That's routine business practice. Who will own rental property if not a corporation?

[@cniht]

@@TheRealJBMcMunn So what? Grandma and Grandpa can get a real job or invest in the stock market or an annuity.

[@cas2985]

You must be a communist

[@fernandomartin624]

It's not that a company owns a few houses like 2 - 20 , it's about monster corps that will have tens of thousands of them maybe an issue.

[@we8608]

​thats where youre wrong. It does matter because there are so many of them, and theyre all utilizing algorithms to create false demand and pricing....theyre literally using the world-wide web traffic to determine demand and pricing . @fernandomartin624

[@tanalson]

These greedy corporations need to be taught a lesson for pushing housing markets to such unaffordable amounts. Someone needs to offer to buy that house at 30k

[@garystanis1649]

My wife is a transaction coordinator in southwest Florida. She told me there is a astronomical amount of listing's coming on the market in October. She has never seen this mass amount of listing's coming on.

[@SA-hz1rs]

Everyone is leaving

[@ghr6518]

Keep us updated on realtime data trends

[@Fernked-y1t]

Impatiently waiting for this list astronomicaL amount of listing and ready to buy.And where to buy crystal ball to see future

[@tepilahruach802]

That's awesome! 👏👏 Homes for the rest of us!!!🤞

[@gerrybyrne5636]

That's called a collapse of the market. Long may it continue. Biggest rip off state in the union. Thanks Ron.

[@jd881]

That 1st house is a 100k house in a normal market. Literally up until 2020 that house would have sold between 70k and 100k and the price would have been steady from the 1990s until 2020. That house looks less than 1500 sq ft and probably only has 1 bathroom and was built in the late 60s or early 70s. Florida is full of these.

[@chillingsworth4384]

Most homes in literally doubled and some almost tripled in the two year period between 2020 and 2022. Ridiculous

[@crash6674]

Yes, these scumbags need to loose 200% because that's what they jacked up the price in the last 5 years

[@norbertk5400]

Housing prices have to come down. I moved to Manhattan in a large studio apartment for $383 on W 30 Street between 8th and 9th Avenue in 1982, I moved out in 1999 and the rent was $593. That apartment rents now for almost $3000. People can't afford these prices because their income does not increase by 600%.

[@a.i.9588]

The rent cost doesn’t match the cost living here in Florida. What did they expect? Rich ppl moving to Florida? This place ain’t all that! It’s getting hotter, the storms are getting bigger, and nobody pays here.

[@johannacox3267]

I live in fla too and totally agree

[@AnthonyToscano-m7g]

I just moved to Miami this month and the rents are so crazy. Luckily it seems like the wages in this city are pretty consistent with the cost of living. I make 80k as an IT guy and my GF makes 50k as an AGM at a local bakery. That puts us at 3.2k per month on rent if we want to only take up 30% of our income as rent.

[@billogrady882]

I remember during the 2008 period, watching a news report (maybe '60 mins'?) of a woman in the Midwest (Detroit? Chicago?) who owned a home but was underwater on the payments. When asked, 'why do you continue to pay?' she said, "it's my name on the paperwork." I thought, do you think the bank/financiers wouldn't cut bait and throw you away in a New York Second if you weren't making them money? Banks have zero compassion. They have Balance Ledgers.

[@thejoker9602]

Back in 2014 you could find rents for $500,600 in Georgia and a full size home for $900 It seems like yesterday now the same apartment complexes are renting for 1200-1500 and homes for $1,700-$2,200 a month

[@odkdsjf]

I see several comments stating it should be illegal for corporations to buy/own residential houses, and I agree. However, another and perhaps more prevalent problem is foreigners and foreign corporations purchasing real estate in the USA. Only US citizens should be allowed to purchase US real estate.

[@michaelmarshall8041]

Foreign money laundering through properties

[@dannylengyel5830]

Why in the world would you want to discourage foreign investment? That hurts our economy more than helps

[@christianvasquez3937]

Okay bud ​@@dannylengyel5830

[@TuMalditaMadre]

And when all countries ban Americans from buying property, then what?

[@frankdleads]

Foreign money doesn’t but the kind of property families need. They buy high priced units in Miami and Fort Lauderdale. Look at the facts it’s corporate greed right here. Not everything is about foreigners

[@BillJohnston-y7o]

Congress needs to stop the big companies from buying up family homes. Prices would go back to where they belong. 24 grand for that dump?

[@d_all_in]

Big companies own like 1% of the single family market. That's not the problem.

[@TravelTechie415]

Flippers are a major problem

[@JamesAllen-xk8bc]

Bull, child. Go back to playing video games.

[@Horatio1886build]

Realestate booms and crashes are as old as markets themselves. Normal and necessary.

[@silky2204]

I see the Fed wants to rake all properties from people to reset the prices and fix economy. Not a good thing.

[@magoo9279]

I love how these properties raise the rent every year, but don't give upgrades for that raise in rent.

[@lrlforfun]

Soft G: When the rental market drops I'm the first one to lower rent. It's a long term business. Wall Street wants a quick profit. It does NOT work in real estate. Investors need to understand it's a slow and long haul proposition. Building a community and serving the public is like any other business. Run a tight ship and have a healthy business model, you will do well.

[@DigitalBathInAZ]

Idiot here. What is "Soft G"?

[@InMyBrz]

TOO MANY STUPID INVESTORS

[@VikkiTG]

Omg I hope housing prices go down I’ve been wanting to buy a house since shortly before Covid but the prices got so high it wasn’t worth it. A house that was worth about 150/175K was going upwards of 200/215K smh….

[@Dustygoodz]

Same! Good luck

[@bigedslobotomy]

This is why I wasn’t worried when people were screaming, “Blackstone is buying up all the houses!” Real estate is a very risky investment. It’s one thing to buy it to live in. If it goes up in value, that’s great. If it goes down in value, that’s a bummer, but it’s still better than flushing your money down the toilet by renting. What worries me about large corporations like Blackstone owning so much real estate, is that if they go bankrupt, will the government bail them out because they’re “too big to fail?”

[@terryheatwole6153]

Exactly this….I hope they loose every drop of money they ever inherited.

[@JacobsNews]

​@@terryheatwole6153they won't what's actually happened is they learned that the older houses aren't reallyworth it🎉 they're much better buying entire neighborhoods much easier to manage that's why you see these new neighborhoods that are popping up that are all rentals

[@Twangaming]

Given Blackstone is so large, I don’t think them getting wiped out in real estate would cause the whole thing to go under. Hopefully, they’d exit the residential real estate industry, at a significant loss, for less risky investments

[@JacobsNews]

@@Twangaming They're not losing they realize that single family homes are not the best Investments ..compared to home rentals where they can buy the whole neighborhood and have management and staff on site. Big Chinese companies buy the land and build the neighborhoods, and then they sell them a year after

[@palmtreeshenanigans]

@@JacobsNews LOl ignorance, they cannot rent the properties out at the prices they ask, how are they going to cope with a new neighbourhood where new houses obviously cost much more to build than buy old houses and rents will be too high for anyone, that is the problem right now, i expect them to dump there houses when they see they can't rent and prices dropping so much they make huge losses, they deserve it. Houses are a great investment for individuals . If you bought a house with a repayment of 600 ten years ago you are paying very low compared to renters today. Can save more or manage to get through difficult times easier. Big business own thousands of houses and want instant returns plus the benefit of the property appreciation in the future, it looks good for there balance books when the homes they bought for 60 000 are now worth 10x times that, high rents are so they can make profits every month and there greed ensure they priced themselves out of the market, they deserve everything they get.

[@bigb6046]

I messed up recently. I live in Las Vegas and I leased a nice house in a gated community and I was really busy so I did not have time to look around too much and the kicker was that the RE guy told me he had two other people interested so I just gave him what he was asking but I met some of the neighbors and they told me the house was vacant for six months. If I renew the list I will tell him I won't list unless I get a discount.

[@Cyrus992]

I’m in Las Vegas and gated areas are a ripoff

[@lindabedker9105]

Thanks!

[@jonathanbrownell7145]

I was renting a place at 850 a month (really 1100 a month with hidden fees.) They doubled my rent. Journeyman electrician , moved out when I was 19 had to move back in with my parents at 38. Now my parents are going to have to move out of state because insurance and other expenses are way to high. Which means I'll have to move out of state even though I now make 1100 a week. So you have to consider that kind of fall out too. Florida is kicking everyone but the ultra wealthy out, and we won't be coming back.

[@SA-hz1rs]

lol, what? Florida is poor. Theres no jobs there. The rich are a tiny, tiny, tiny percentage of that state. Name these high paying industries these "rich" are moving for. Theres shit. Even tech jobs in FLorida pay nothing, and the tech workers are fleeing. WFH died in 2022 and Floridas economy is falling apart.

[@InMyBrz]

DeSTUPID has killed the state of FLA, you can thank him and the stupid people who voted for him

[@Or1undo]

my man you need to start your own business

[@jonathanbrownell7145]

@@Or1undo Need a Master's license first. Just got my J card. Then I can start pulling permits.

[@Pleaseopenyoureyes]

*too high.

[@austinbar266]

In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

[@jcurdrayeric243]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[@rogerwheelers4322]

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.

[@joshbarney114]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@FabioOdelega876]

Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.

[@joshbarney114]

‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@GordonDay-j2r]

Local people in Florida got screwed in the last few years with Wall Street investors buying out most homes and tripling the rent and the rest of the homes were sold to people moving from ny and other states due to Covid restrictions in their states who were able to pay higher prices. But now it’s 3 years later and greedy Wall Street investors who screwed us are getting screwed themselves because we can’t pay their ridiculous rents. And people from ny and other states can’t take our climate all year round and are also starting to move back. Hopefully the market will normalize and we might be able to purchase a home or have reasonable rent.

[@captainbrewer4795]

Just applied to rent a house in Cape Coral FL from Main Street Renewal.... they bought in 22 and haven't rented since purchased... dropped rent from $2410 to $1230 per month.... I've been paying $2K/ mo for the past 2 years for rentals that should be half that..... update... couldn't pay the deposit fast enough, someone was able to snag it from me... wasn't meant to be

[@saulg195]

That's about what Lehigh is right now. As soon as this lease ends in a year, hoping the homes will be lower.

[@brianleblanc2758]

cape is a swamp

[@miamiflorida6965]

❤❤❤❤❤

[@miamiflorida6965]

Make sure it's not in foreclosure before you sign the lease and put a deposit.

[@jazminnn-2281]

Cape coral got hit with ian really bad 🧐

[@zeke5491]

If a place sits empty, the price will go down. Say no to expensive vrbo rentals

[@dianethulin1700]

This is exactly what happened for me in San Francisco. I was able to move to a much larger apartment last week. It's fantastic!

[@johnrubino7604]

The rental home asking $2,000 a month needs to drop to $1300 to $1500 a month in order for a couple both earning $40,000 a year to pay at a 25% income to rent ratio. Rents are still to high. The medium income in this country is about $30,000 a year. I'm surprised the wall street guys are so lousy in math.

[@martingrey2231]

The king or the communist party always assumes the peasants have something stashed away somewhere. 🤣🍿

[@brainites]

@@martingrey2231 🤣

[@Automedon2]

I rent a house for 1,300, alone and my income is 31,000 a year in retirement. It depends how you spend your money.

[@Crow-u2g]

Exactly yes you are one hundred percent correct. They need to get their heads out of their asses before they lose them

[@littleredhen3354]

These are the people who think mcdonalds workers earn $20 an hour, and that equals a SIX figure income. The elites are not good at math or anything else for that matter.

[@marblox9300]

Landlords are complete scumbags. If they lose I have no sympathy.

[@MaximilianFischer497]

However, I'm concerned about the trend of 'financialized landlords' turning housing into investments, making it harder for individuals to achieve homeownership. I hope my story inspires others to explore alternative investment paths, like the financial market, which I've found rewarding. Remember, taking control of your finances and investing in your future can lead to a more secure and prosperous life.

[@henryallard245]

To address the housing crisis, we need to shift the focus from profit-driven development to non-profit housing models. By incentivizing co-operatives and housing societies, we can ensure housing remains affordable and accessible to all.

[@RowanBryson]

Exactly! With guidance from an investment coach, I successfully diversified my $450K portfolio across asset classes, generating an impressive $830K in net profits through a strategic mix of high-dividend stocks, ETFs, and bonds.

[@TicheDebb0]

Staying informed is crucial, but it can be challenging to keep up with the vast amount of information available. I'm not a professional investor, how do you go about this are you a pro investor?

[@RowanBryson]

My CFA “Diana Casteel Lynch” a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@MarshalWagner457]

Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.

[@maria-z1p4d]

Investors got greedy, and now they are paying the price .. it's called KARMA..

[@JacobsNews]

they've realized that the older houses are not worth it and they're much better off buying the entire neighborhoods brand new houses and then rent them all out

[@we8608]

I've noticed the same. Soooooooo many homes are going up for sale in NY and not one single media outlet has made a report on it yet. It's super weird.

[@Jen1112111]

NY is not Florida. I spend my time on Zillow and the sales arent keeping up with the buyers.

[@astrahcat1212]

​@@Jen1112111Depends if he means upstate, western or nyc

[@mho...]

its not weird atall! since when do the rich (who own the media) care about the poor, not living great??

[@Squirrel7896]

Why do you think rent is going down? 2 giant hurricanes just dropped in Florida and everyone is leaving, why would people wanna pay more to live in a place to risk their lives in a state where your flooded every summer.

[@Pleaseopenyoureyes]

*you’re flooded…

[@deathnsd6953]

stay out plz

[@REWatchman]

Myself, real estate mindset, and Melody Wright started reporting this back in March in Texas on our channels. The notions that “investors will just buy if too expensive for families” or “everyone is moving to tx and fl, their housing will boom” getting exposed

[@driley4381]

​@fladave99 They tried charging Rolls Royce prices for a beater Honda, and are now standing back wondering why neither the Rolls Royce people nor the Honda people are buying from them anymore.

[@sherrieludwig508]

​@fladave99what the H are you doing eating McD? Many local joints are similar prices and better food.

[@Spyder2002]

I was priced out of my rental until in Dania Beach (Broward County) and left for Texas in 2023. The landlord of the complex kept raising my rent by 25%- 30% when I left in 2023 I was paying $2500 for a one bedroom Apt. Im now in Texas and I pay $1700 for a bigger nicer unit. I also had to live at motel 6 for a month and I was amazed by the number of people permanently living there

[@frank78855]

Which part of Texas? I’ve been thinking about moving there. I’m also in FL.

[@Spyder2002]

San Antonio it’s a great city in my opinion. Texans are nice and hospitable

[@ebogar42]

Did the investors also push the price up on vehicles and every other thing? The hike isn't just because of rich guys buying up houses. Most of it is just greed and lots of idiots willing to pay their high prices. Now many people are in debt and won't be able to afford their house payment, car payment, or rent. And 5K for property tax is crazy. Why would anyone live in a place like that? I have 15 acres, house, and several buildings I only pay 2K a year for.

[@Pinkfrosting962]

Anyone else feeling the vibe like seeing Nick in Florida talking about the real estate downturn is like seeing Jim Cantore in your town right before the hurricane hits? A storm is brewing.

[@Nymosicae]

I can't wait to see Nick in the wind holding a microphone! 😂

[@peterhertzog007]

Home equity is one of the few things that can take people from poverty to middle income. It should be illegal for large corporations to purchase up entire communities that skew the price away from owning as a private citizen.

[@AquariumSurge]

Your videos are very simple yet full of amazing information.. Love it! Subscribed!

[@caseyfreelove4458]

Dude your videos are so helpful. I’ve only recently become focused on real estate and its effect on the overall economy and I’ve learned a lot since subscribing. Thanks for all the great info.

[@NashvillePastaman]

I have a buddy with 1,200 units in the southeast he said in his 35 years he’s never had delinquency rates this high

[@libraryoneatl]

Music to my ears

[@mr.frandy7692]

Holy shit. I'm kind of happy though because it means prices will come down in near future.

[@bbustin1747]

12k trailer park homes ? 😂

[@MikeHawk-y6u]

@@bbustin1747 doesn’t matter that’s still a shit load of homes those go for at least 1000 a month I’ve done the math for you. That’s $12 million a month and rent collected.

[@shanerogers9386]

Publish the address of his homes

[@dscwac396]

That would be one of the best ways to get rid of investors buying up houses is give them a vacant tax, the longer no one lives in your house the more you have to pay in taxes and also make it a sustainable amount to where it'll actually make them think twice and efficiently buy and rent properties

[@keithakola]

Man some of these FL neighborhoods are uuuugly. That will be $350K please

[@astrahcat1212]

They're worth about 150k, wait until you get a load of small towns in upstate NY and other rural areas, my home town, a redneck village, went from 100k to I saw 300k for a crappy 3 bedroom, and that towns overrun with drugs and pills and has become crime infested.

[@catdaddy5192]

Housing is the basic human necessity and should not be controlled by big corporations!!!!

[@terryheatwole6153]

Tell that to the 🍊 💩

[@Lanainvestor]

health as well !

[@mho...]

if you havent noticed, energy, water, food, etc (basically everything) humans need are in the hands of giant coorporations!

[@yqw1mfk]

This is common sense. If regular joes can barely afford apartments, of course these houses will not rent. Let them corporate landlords suffer because of their greed.

[@TechnoSpice]

If you own more than two houses that you don't live in for at least 6 months out of the year, the property taxes on it should be astronomical.

[@mokeimusic]

They are! You only get a homestead tax credit on your primary residence.

[@melvinbarnes6652]

@@mokeimusic Exactly! It amazes that people think the only way to fix their problem is to make a bigger one for someone else....smh.

[@MonkeyMind69]

3:38 - *_He says this like it's a bad thing._* Personally, as a non-home owner who has been wanting to purchase a home, this is music to my ears! The prices are insane right now, and have been artificially inflated by these big hedge fund and investment companies. The fact that property prices are coming back down to reasonable levels, especially since home owner insurance makes owning a home in Florida also prohibitive, is a good thing. It means normal people can afford to own a home.

[@VanessaFlyhight]

Preach

[@melvinbarnes6652]

Yeah but in order for a home to become affordable another normal person has to lose a portion of their net worth. This doesn't help the economy overall.

[@MonkeyMind69]

@@melvinbarnes6652 So are you advocating that homes shouldn't become affordable for the next generation of people because the 'economy' and net worth of those with existing homes should come first? It's worth noting that those who won the 'I own a home' lottery during C0VlD, did so because a very negligent (if not corrupt) government literally ruined the economy, which is still recovering.

[@ibrahim9761]

People, are Now leaving Florida due to Taxes, Insurance and New State Laws.

[@hellobnice]

MY HEART IS FILLED WITH JOY THANKS

[@s99614]

The rent is too damn high!

[@ZyroZoro]

4:07 I don't care about the neighbors' home prices either. They already have a house. They have somewhere to live that's theirs. That's what matters. I care about people who want a house to live in but can't afford it. So prices crashing would be a good thing. The purpose of a house isn't to make money, it's to give someone somewhere to live that they own and aren't beholden to the whims of a random landlord.

[@audaciousred]

I live in South Florida and although the rent hasn't continued to skyrocket, housing is still hard to find & the average for a 1/1 is still $2100 a month

[@Michaelparker12]

All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.

[@berniceburgos-]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money

[@Agatha.wayne0]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@Theodorebarba]

Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.

[@jonigun9742]

The developers and their corporate greed to try and rise the prices themselves is what happened in FL!!! They purchased most of the houses and land and then put them up for sale 3x the price!

[@CharlesCurran-m9p]

Scam!

[@Wintercourse]

What makes no sense is all these people secured the lowest rates ever during Covid but also decided to up their prices.

[@funnydale]

These fools thought that workers in Florida worked at places like Apple making 250,000 a year, and found out that most people in Florida work at Applebee's making 25,000 a year in tips.

[@radolfkalis4041]

Good. Most home values are HORRIBLY overinflated. Get the market back down to sane prices

[@BlindedByLogic]

I would never get a house in Florida on account of the weather. Too much risk from externalities that isn't factored into the pricing.

[@roninlaw9824]

I'm totally on board with you, me and my Better behalf, are going through it too. You're original point is valid, wages don't meet living of cost in Tampa. But Don't Ever Give Up! 🙏

[@LightingEvolve-bt1cz]

First key are the biggest slumlords in the world. They will fix nothing. You were responsible for everything. If you put anything into that house, they own it. If you live in the house for 10 years and the carpet is slightly worn, they bill you for it. they are the biggest slum words.

[@LightingEvolve-bt1cz]

They also make you pay your electric and water and your bill through some weird company. I’ve had my water turned off three times for “nonpayment even though it’s been paid and they always come up with an excuse why my average electricity and water bills are double what my neighbors are who own their home? It’s like they have another home in the area that’s not rented so I’m paying for their their water and electricity too. First key is the absolute worst. Do some research into them. They are rated F on the Better Business Bureau and do not give a shit.

[@EllieM_Travels]

Don’t buy a property in Florida under any circumstances. Insurance costs, HOA, taxes and risk are too high and will remain high.

[@palmtreeshenanigans]

Especially right now and for the next few years, save save save as when the market crashes this time prices are going to plummet to almost nothing as these big entities realise they cannot make a quick profit but have to invest for decades. Wall street wants profits weekly or monthly not every decade and they have out priced themselves in the market , people really are living in mobile homes or campers or in their cars and saving as much as they can be ready for the collapse, but beware of a false bottom, these houses are a drain on the banks and they will want to get rid of them for whatever people are prepared to pay. I bought my home for $80 000, they were asking 140 000, this was a long time ago, i put in an offer as they had the house unoccupied and on the market for over 5 years, they just wanted to get rid of it. Over two years i spent 40 000 renovating it to what i wanted, now i own a house supposedly worth well over 1 million with no mortgage and i don't pay insurance as i have saved what i would have paid over the years and could probably rebuild my home if needed. The biggest mistake people make is moving every few years, live in your hi home until you have no payments, then save and improve your home so it does not feel stale, and you're then tempted to move. It is amazing what new carpets and paint does to a home. Adding an extension can be costly but can completely change the feel of a home.

[@James-cz4xv]

Yes it has gotten very expensive there compared when I was temporarily in Florida back on 2017 to March 2018. The wall people and stocks have ruined our country for many years now

[@nameblocked]

Not even NO STATE TAXES is enough to sell these houses. 🗣️DO NOT OVERPAY‼️

[@InMyBrz]

NO state income tax is worth pennies when you look at insurance and home taxes

[@AtB_Ventures]

There are no state income taxes. There absolutely are taxes in Florida, though.

[@InMyBrz]

@@AtB_Ventures MEANINGLESS, FLA has super high other taxes like homeonwers insurance and tax on real estate. FAR overshadows the NO income tax, better off where you came from !

[@sammyp9514]

I just moved out of Florida and couldn’t be happier. Paying less in rent, near public transit, my car insurance has lowered drastically. Florida is beautiful but not worth the price at all.

[@vincentalakija5515]

What state did you move to, I'm strongly considering leaving FL myself for good in tge near future.

[@sammyp9514]

@vincentalakija5515 I am originally from bucks county Pennsylvania and I moved back to this area. I lived in Florida for a few years

[@warrenwarren4339]

Me too

[@warrenwarren4339]

I moved from Florida,the best decision i ever made in my life

[@alexsteven.m6414]

Around $250,000 was made when I sold my flat in Rochester. That's why I was upset when my standard savings account yielded only $171 in interest. It was suggested to me to buy stocks after I conducted some study. Which stocks would be a good place to start?

[@firefighter-i6q]

Although the stock market is exciting and can yield a healthy return on investment, professional advice is necessary for efficient portfolio management to prevent market burnout due to its extreme volatility.

[@vanessahopkins-g5y]

I anticipated receiving $2,500 in interest on my initial $50,000 when I created a high-yield savings account online with 5.12863% interest compounded everyday. Rather, I was only given $420. I asked, and was informed that the website did not make it obvious that the interest is computed daily. With the help of an expert, my partner suggested that I switch to stocks, and in just six months, I experienced almost 80% capital increase (discounting dividends). Extremely advisable!

[@belobelonce35]

How do I meet this advisor, please? I need assistance investing my divorce settlement because it's now sitting in the bank earning little interest.

[@vanessahopkins-g5y]

Finding financial advisors like "Rebecca Nassar Dunne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@SlavTiger]

Do a healthy spread across a few sectors, energy is a good one to start with.

[@meglukes]

We’re in the process of selling our house and looking to just rent for awhile. I have about ten single family homes I’m keeping an eye on while waiting for closing. All of them have had price cuts of $200+, or the landlord knew what was up and listed them a lot lower than last year right from the start. They’re sitting on the rental market for 30-60+ days in a really desirable suburb of Tampa, the market has really changed compared to a little over a year ago when I was last looking. I am glad my only options aren’t own a home or live in an apartment, that I do have the option to rent and have a yard for my dogs and no stairs or shared walls.

[@thewanderer1139]

I wouldn't even want to rent them dumpy looking houses

[@ljkyle7263]

I have seen mobile homes listing for over 2K in the area this video is posting, not even worth 1k a month in rent.

[@thewanderer1139]

@@ljkyle7263 especially a single wide...

[@skywalkerjones]

Seeing a lot of this with private homeowners too. Working in the moving industry, I've seen homes drop $100,000 over the course of this year in both Sarasota and some areas of Port Charlotte. Not even corporate landlords; regular retired homeowners who thought they would still get the 2022 home sale prices. But that's all dropping. It's amazing. It's realtors or agents saying "yeah we can get that on the market for that price" yet not realizing the amount of inventory on the market.

[@edo4713]

If you don’t understand how businesses work’s you’ll think this is a bad thing for the company. But they will use this to save hundreds of millions of dollars in tax. They can also go back 3 years and get money back from the IRS and from the future profits . But it also helped private citizens by not taking the massive losses they would have inherited by buying because they don’t know how the economy works.

[@raynadelasal1365]

Blah blah blah, it’s all about greed…right? Meanwhile everyone is here hoping for advice on how to be the next landlord who gouges their tenants. Trash.

[@tanyaroberson9629]

I hope this is a wide spread thing across the US. I bought a house 20 years ago but if I where young I would refuse to rent from Blackrock and live in my car like a homeless person instead - as a protest. It should be illegal for giant investors to buy up all the houses. Politicians say "regulation" is bad- but they need to "regulate" the housing industry so people can buy homes again.

[@peterm7596]

My neighbor has over 10 single family properties in Naples, FL and just told me that they are worried because their tenants are moving out and they already have vacant properties.

[@eliot5220]

That’s because the rents are too high. We have a housing shortage so there’s no way they should have a vacancy.

[@bmak353]

😂

[@BlueAvians]

Karma

[@willcorzo2696]

Moving out? To where? The streets? If everything is so high where are they going?

[@eliot5220]

@@peterm7596 Why would anyone want to leave paradise?

[@Stevesmusic444]

I paid $1600 on rent in San Diego in 2019 and that was expensive for San Diego standards. Now countrywide the rent is more than I paid in Southern California. Let me tell you what if these greedy corporations are going to sit there and think that people like you and me are gonna waste their time, effort and hard earned money to rent an overpriced apartment that’s not worth what they’re selling. They’re dead wrong and actions speak louder than words there are literally no tenets. No people can afford to rent it and a year ago when I talked about this, my phone would get blown up with comments, saying how I am the loser for not making enough money or how I am a loser but it’s very clear that they are all chat. GPT bots from China and I wasn’t chatting with real people because every time I mention that their bots and that they’re not real people, I says it anymore which makes it very clear it was just ChatGPTand I could guarantee after the elections over. It will all come to an end like nothing happened.

[@martyfrank2905]

A lot of people, including my friends who own homes, have zero sympathy for the crushing rent increases in Florida. They just laugh and cite "supply & demand." But in Florida it wasn't simply supply & demand. A ton of people moved here from expensive states. They sold their inflated homes, or had six-figure pensions, or remote jobs paying high salaries. They easily outcompeted Floridians tied to wages in a service economy. There was greed all over. The influx people, to escape covid, had the cash to pay literally anything for rent. They wanted a place in the sun to ride out the pandemic. They'd offer landlords $600/month over asking price to grab apartments in places like South Florida. They came from "me-first" cultures and didn't give local Floridians a second thought. It was all about them. The landlords gladly took the money. I talked to many. Privately they admitted that they raised the rent so much "because they could." The governor wouldn't even impose temporary rent controls or make any arrangements for working Floridians. For political purposes he urged NYers to come on down. He excused himself by saying that he believed that no rent controls would help working Floridians because it would encourage new apartment construction and bring prices down. But, the new construction ended up being quickly and shoddily built "luxury apartments" aimed at transplants. Now the hurricanes are hitting, but I predict that once things clear up, affluent transplants will continue to pour in. Florida will be a state of wealthy people and their "servants." The latter will lived crammed together with roommates or multigenerational family, all working side jobs to stay afloat. No sympathy for these landlords. Never trust them again. They'll do it to you again when they get the chance,