FLORIDA CONDOS SALES PLUMMET!

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Palm Beaches Paul

Palm Beaches Paul

Күн бұрын

The Florida condo market has hit the ice. Prices are dropping and units ares sitting on the market 30-90-120+ days. There are multiple reasons why and only time will tell how long or how much worse it will get.
Enjoy Paradise,
Paul G. Lykins
Broker Associate
True Floridian Realty
561-877-3074
palmbeachespaul@gmail.com
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**I am not a lawyer, CPA, or financial advisor and any info in this or any of Palm Beaches Paul's videos are only my opinion and for entertainment purposes only. I am a licensed Florida Realtor (BK-3265266) and can only advise you about buying or selling in the state of Florida; however, I can refer you to an agent in your state if needed. Do not base your decision to buy or sell real estate solely from watching any of Palm Beaches Paul's videos and always consult a licensed professional or lawyer.

Пікірлер: 229
@LaboratorySafety22
@LaboratorySafety22 21 күн бұрын
HOA’S fees and taxes is causing a catastrophic financial crisis.
@YanilleCastillo
@YanilleCastillo 9 күн бұрын
💯 I’m catching up on comments I really appreciate everyone of u for taking time to even type a thought or wisdom ❤️🤗
@Robert-bt5jq
@Robert-bt5jq Ай бұрын
Because of HOA. WHAT A SCAM.
@tomkinison6782
@tomkinison6782 14 күн бұрын
We got out in February. Sold our beach front condo in pompano and got out before they hit us with hoa fees and huge assessments.
@jde17
@jde17 4 күн бұрын
Good man Paul. Keep telling it like it is - bluntly and honestly. We need more of that in the world. You say what no other agent has the courage to say. Congrats! 👏
@tennislover5763
@tennislover5763 23 күн бұрын
Of course, condo sales are falling because of HOA increasing fees and the cost of home insurance has spiked!
@davidwolfe4344
@davidwolfe4344 Ай бұрын
What's killing the condo market in Florida is not the mortage. It's the added fees, HOA, condo fees, maintenance fees, usage fees, etc! Oh yeah, on top of all those fees, add in the fact that anywhere within 20 miles of the water in Florida is seeing insurance rates going up 1000%! It's unsustainable for many of the elderly who are on fixed incomes.
@autobotdiva9268
@autobotdiva9268 Ай бұрын
the new 3 story fee since that other one fell
@Cpnweze
@Cpnweze Ай бұрын
Most age groups have fixed incomes.
@destinationunknowntv451
@destinationunknowntv451 Ай бұрын
They have to drop those HOA rates
@stewartforeal1079
@stewartforeal1079 Ай бұрын
30 years or older condo communities hit with horrific monies to be paid. It's just awful.
@iamantiwar2003
@iamantiwar2003 Ай бұрын
Living on the beach is a luxury. Have to pay for luxury. Hurricanes, HOAs, upkeep.
@Dont370
@Dont370 Ай бұрын
I would never purchase a building with HOA fees. They can raise the fee and harrass you whenever they feel like.
@sarafinalove5330
@sarafinalove5330 13 күн бұрын
@Dont370. So true. Then you have the board members who go and steal from the reserve.
@lynettejenkins9213
@lynettejenkins9213 Ай бұрын
I dont know why people would think you hate Florida so move. They are being ridiculous all you are doing is helping people. You are doing a great job keep it up by being truthful. 🥰🇨🇦
@craftsmanctfl3493
@craftsmanctfl3493 2 ай бұрын
Based on the new condo engineering and reserve requirements, consider buying a condo less than three stories high. Those particular laws don’t apply to condos under three stories. There are quite a few of those in west Delray, just out of the city limits of Delray. You can find a nice 2BR, 2BA there for between 150k and 190k. These are only 10 minutes from downtown Delray and 15 minutes to the beach. And well-located between I-95 and Florida’s Turnpike. 30-35 minutes to Fort Lauderdale and West Palm Beach airports, too.
@jdmotes69
@jdmotes69 2 ай бұрын
Excellent point. I’m in a cluster home community here in Ponte Vedra Beach, and a lot of the new regulations don’t apply to us since our townhome style condos are only two stories high.
@frankiemionetto
@frankiemionetto 2 ай бұрын
I'm very lucky to have a condo under three stories in Fort Myers that was not destroyed by the hurricane. A new roof was installed a couple of months before. I think this one's a keeper
@YanilleCastillo
@YanilleCastillo Ай бұрын
Exactly and our building is two stories I tried to volunteer to be a board member but takes to much time it’s like a full time job to become part of the board . U have to be retired I tried that too but I saw the work it was to much for me and to much time for free
@YanilleCastillo
@YanilleCastillo Ай бұрын
My dad’s HOA with more amenities he only pays $75.00 a month and I don’t get why mine is so expensive . Also I do need home insurance for the inside right that’s not including the. $180 I pay for home owners insurances to cover inside . If I cancel that policy will I get in trouble . It’s not paid off the condo
@soflodoug
@soflodoug Ай бұрын
ghetto
@Sirach144
@Sirach144 16 күн бұрын
Basically a condo was just an apartment that you’re paying for your own maintenance.
@MCC876
@MCC876 3 ай бұрын
Selling a condo looks to be difficult for these reasons: 1. Increasing property insurance 2. Increasing property tax 3. Assessments (condos are under pressure to get up to code) 4. Reserve requirements due by January 2025 5. Increasing HOA fees I was considering buying a condo in South Florida. No longer, too many uncertainties. Maybe years from now.
@mikemccartney5067
@mikemccartney5067 2 ай бұрын
You should do a video on how hard it’s becoming to get a mortgage on a condo. People can afford the mortgage, they can’t afford the fees
@PalmBeachesPaul
@PalmBeachesPaul 2 ай бұрын
That's a great idea thanks let me look into it
@romasgudisauskas3696
@romasgudisauskas3696 27 күн бұрын
Thank you for sharing. I wish you best.
@tea233
@tea233 Ай бұрын
Great video Paul, thank you for your honest assessment.
@vinnybell5075
@vinnybell5075 26 күн бұрын
Thanks for your help & information.
@will-smith-nh
@will-smith-nh 2 ай бұрын
Great video Paul. My old stomping grounds.
@Mike-ew9zn
@Mike-ew9zn Ай бұрын
Plus the insurance companies refuse to pay out! 🙄
@glennbohn7086
@glennbohn7086 29 күн бұрын
Great job
@genebigs1749
@genebigs1749 3 ай бұрын
Thanks for another informative video, Paul. I'm with you, I love South Florida. I just don't get down there as often as I'd like!
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
It's still a great place you just have to do the best you can I can't just pack up and leave with my family so I have to make it work and so do many others.
@Jo-li5ht
@Jo-li5ht 2 ай бұрын
Great videos PBPaul, I prefer to hear the real deal on the RE market. I also like when vloggers say they are sweating while they walk, because it''s not visible, looks cool, but good to know that it remains pretty hot even when the sun is going down (wardrobe planning 🤣)
@PalmBeachesPaul
@PalmBeachesPaul 2 ай бұрын
😂 I'll be in t-shirts real soon 🥵
@nournaji7681
@nournaji7681 3 ай бұрын
Good video!
@kathryn1335
@kathryn1335 3 ай бұрын
I’ve lived in North Palm Beach all year for over 20 years. My taxes went down. I have a small one bedroom condo on the Intracoastal. Condos in this area have no problem selling. As a matter fact, they are building condos all over the place. Most of them are going to be too expensive, so I’m glad I bought when I did. The traffic is getting like cities south of here, so I’m not happy with that.
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
Thanks for watching and the comment. Yeah it's different in different areas some condos are selling just fine which is why real estate in South Florida is such an odd animal
@Jack-russell103
@Jack-russell103 3 ай бұрын
The new condos are rated higher for hurricanes and aren't going to have the required by law assessment starting next year
@JeffLippman
@JeffLippman 2 ай бұрын
Hey Paul! Love your hooks and love your teases. Great videos. Who taught you how to do this at such a high level??? Great stuff...
@PalmBeachesPaul
@PalmBeachesPaul 2 ай бұрын
Thx 🙏 I appreciate that, I self taught and just keep trying to get better.
@JeffLippman
@JeffLippman 2 ай бұрын
awesome! keep it up .
@user-xp4of2vu4r
@user-xp4of2vu4r 2 ай бұрын
Thanks for your videos. Been a while since I was there where you are today. Appreciate your candid comments about local conditions.
@salata95
@salata95 3 ай бұрын
You were right in front of our timeshare Berkshire by the sea we love that place two pools hot tub tennis a rec room with pool tables we have so much fun when we stay there we love Del Ray beach
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
Great location
@christiansoto9755
@christiansoto9755 Ай бұрын
oh man, you know timeshares are a big scam right?
@danacaro-herman3530
@danacaro-herman3530 3 ай бұрын
Thanks Paul, you're a good guy and very genuine. Thanks always for the valuable information.👍
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
I appreciate that!
@craftsmanctfl3493
@craftsmanctfl3493 2 ай бұрын
Predictions for upcoming hurricane seasons are shaky at best. It’s very hard to predict even four+ months out.
@mariosorrenti482
@mariosorrenti482 Ай бұрын
Would never have agreed to allow an HOA ALL THIS POWER.....$220 PER YEAR IN MASS.....$1+ MILLION HOMES.....Takes care of everything... Florida...where the Pirates never left....what a shame.
@dulobg3774
@dulobg3774 3 ай бұрын
Hi PBP thx for the great local real estate reviews. I live in N.Flagler Drive in WPB in a condo squeezed between the new Ritz Carlton and Olara buildings that are coming soon. Do you mind posting a review in this area? Regards👍
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
@dulobg3774 thanks I appreciate the comment and yes I actually do have West Palm Beach lined up in the near future for some videos I have a lot to cover up there.
@kennixox262
@kennixox262 Ай бұрын
You could also be in the Hollywood Hills to where it is increasingly difficult to get homeowners insurance for fire or at best paying a whole lot more for the coverage. I think we may be seeing fewer 30 million dollar homes being built up in the hills going forward.
@chicagogyrl4846
@chicagogyrl4846 Ай бұрын
The assessment fees! Skyrocketing ! That’s why!
@genekrupnik
@genekrupnik 19 күн бұрын
Absolutely no to buy right now, out asap
@christycunningham4517
@christycunningham4517 Ай бұрын
I’m not thinking about FL, but your video makes me think about the practical implications of buying a condo. Thank you.
@jnagarya519
@jnagarya519 Ай бұрын
Vote Republican = economic disaster. But not to worry: the wealthy make profit from it.
@YanilleCastillo
@YanilleCastillo 3 ай бұрын
It went up to $500 a few years after 2008 and continues To go up and assessment fees I have a board meeting March 11 and I’m trembling
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
Sorry to hear that but I'm gonna send you positive thoughts that things work out for you
@YanilleCastillo
@YanilleCastillo Ай бұрын
@@PalmBeachesPaul thank you I appreciate that so much 🙏❤️🙏🤗
@YanilleCastillo
@YanilleCastillo Ай бұрын
From 2022 to 2023 we paid close to $1000 a month do to a law suit they had with only a two week notice that’s where all my over time and 4 contracts I did that’s where the money went to The HOA
@BarrierIsland
@BarrierIsland 3 күн бұрын
They have until 12/24 to pass inspection. Wait to buy until after this time passes and ask for full disclosure...
@PalmBeachesPaul
@PalmBeachesPaul 2 күн бұрын
Some properties have already done their inspection and the property is perfectly fine to make an offer on.
@luissuarez4540
@luissuarez4540 2 ай бұрын
Hi Paul, can you make a video on the condo market in Hallandale beach and Hollywood beach area?
@jennifermarkens1882
@jennifermarkens1882 Ай бұрын
Soon they'll be giving them away just to recoup insurance costs.
@Nemo-yn1sp
@Nemo-yn1sp 3 ай бұрын
Wealthy are always going to do just fine.
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
True
@dimaviarenich2315
@dimaviarenich2315 3 ай бұрын
Paul, thank you for the information. It has become a tradition to watch your videos during the Sunday lunch for our family.
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
Wow, that is one of the nicest things ever said to me on YT and I appreciate it so much. Thank you and your family for the support.
@lynnec6325
@lynnec6325 Ай бұрын
Take a walk thru Pineapple Grove. I want to see how that area has changed. Delray is very well situated. Close to the airport. And I95 is right there. I enjoy your video's. Kevin James had a home there.
@PalmBeachesPaul
@PalmBeachesPaul Ай бұрын
Already did. Here you go kzbin.info/www/bejne/gZ3Seqakj6mgeNEsi=vVWBuOot7TgsIRn-
@ricardohernandez404
@ricardohernandez404 Ай бұрын
I left NJ for Delray Beach Florida in 2013 and it’s paradise here compared to New Jersey
@PalmBeachesPaul
@PalmBeachesPaul Ай бұрын
Congratulations
@MichaeleneWojtkowski
@MichaeleneWojtkowski 3 ай бұрын
Thanks for your information
@Chas1160
@Chas1160 2 ай бұрын
Relax folks, the free market is adjusting, adjust as necessary, enjoy Florida. Maybe some good buys coming up.
@Flies2FLL
@Flies2FLL 3 ай бұрын
-Palm Beaches Paul does NOT lie, that is a good thing. Certain people in the Flori-Duh government simply do not like to be criticized over their lack of care for things that do not put dollars in their silk pockets....
@rickw3243
@rickw3243 9 күн бұрын
I love Florida, but I’d never buy a condo with all the fees & special assessments.
@AltaCine4k
@AltaCine4k 15 күн бұрын
Even more concerning after today's news that a record hurricane season has been forecasted.
@PalmBeachesPaul
@PalmBeachesPaul 15 күн бұрын
You should go watch my video about the 2024 hurricane forecast. It was my latest video so it should be at top
24 күн бұрын
some of those original apartment conversions from the 80s that were built in the 70s ...that sold when relatively new for 29 900 is now 200 000 dollars with little to no upgrades...the time has come...to answer the piper...
@LayLow83
@LayLow83 3 ай бұрын
Just returned from Snowbirding in Destin, FL for 2 months. We almost bought a condo there in 2015. That building was at least 18 stories and built some time in the late 70’s. What I have learned from your channel, I am so glad our offer never got written. With all of the inspections coming in 2025, Insurance, Increasing HOA Fees, dealing with Renters and Nieces & Nephews thinking they have a Free Vacation Destination. I feel like we dodged a bullet we didn’t see coming. We will continue to go to the Emerald Coast of Florida to snowbird as long as we have our health. Renting a condo suits us just fine. Just get in our vehicle and drive away. Besides owning and living in one home and also owning a Lake House in North Western Wisconsin is enough work. God Forbid If a Hurricane hits our rental building we would feel awful for the owners. But we will just have to find another unit to rent somewhere else in Florida, Alabama, or Texas. We have thought about selling everything and relocating to Florida but the big turn off for me is ,Way To Many People For Me. Far Northern Wisconsin is just too awesome to leave except for Winter. Being Snowbirds fits the niche.
@jdjones3317
@jdjones3317 2 ай бұрын
Alls I had to see what that video of half a condo building splitting off and falling, and I didnt want a condo in a big building in FL.
@lrc87290
@lrc87290 3 ай бұрын
Maybe an opportunity If you know the building you're buying into. If it is well built, well maintained and or not 30 yrs old yet. If the baby gets thrown out with the bath water It could be good.
@pinschrunner
@pinschrunner Ай бұрын
The concrete structures from the 1970s are way more sturdy than the current structures and you don't hear your neighbors
@lrc87290
@lrc87290 Ай бұрын
@@pinschrunner Not necessarily.Especially if the re-bar is rusting out.
@lrc87290
@lrc87290 Ай бұрын
@@pinschrunner Not necessarily.Especially if the re-bar is rusting out.
@stockey
@stockey 3 ай бұрын
Much more logical to rent short term for the winter for snowbirds than to buy.
@YanilleCastillo
@YanilleCastillo 3 ай бұрын
I bought this when HOA was $76.00 it was my biggest mistake in my life I believe
@jdjones3317
@jdjones3317 2 ай бұрын
Maybe you gotta sell and if so,be one of the first ines out the door, because it could affect sales prices. I think I hear inventory is building up on another channel.
@jdjones3317
@jdjones3317 2 ай бұрын
I heard it on Michael Bordenaro's YT channel.
@ThePerfectSeason1972
@ThePerfectSeason1972 Ай бұрын
Nice video !
@PianoMatronNeeNee
@PianoMatronNeeNee 2 ай бұрын
Thanks Paul for the great info. I’m in WPB, ready to list my townhome, but worried it might just be a waste of time. Great content 👍👍👍👍
@PalmBeachesPaul
@PalmBeachesPaul 2 ай бұрын
I think I've reached out to you before from another comment you posted,but if you're ready to list your house email me. Palmbeachespaul@gmail.com
@YanilleCastillo
@YanilleCastillo 3 ай бұрын
Same I’ve lived here all my life I don’t want to move I’m a registered nurse I make 6 digits in income trying to live. Under my means don’t use credit cards finally paid them off now I’m off to pay off my car and school loans everything is increasing by at least 300% in needs not even on wants what is your advice and I don’t want to leave miami
@Chas1160
@Chas1160 2 ай бұрын
My advice, don’t vote for Biden. If you don’t like other choices, stay home., don’t vote for anyone.
@dr.michaellittle5611
@dr.michaellittle5611 Ай бұрын
@@Chas1160 Biden doesn’t make decisions on or run the state of Florida. That would be your Gov go-go boots and his political party. Furthermore, for this person, Biden is eliminating student loan debt. Your so-called advice makes zero sense.
@whyjustwhy2168
@whyjustwhy2168 Ай бұрын
Are u a traveling nurse
@pinschrunner
@pinschrunner Ай бұрын
Leave Miami.
@YanilleCastillo
@YanilleCastillo Ай бұрын
@@Chas1160 I’ve been a republican my entire life . I’m a Trump Fan and a Christian
@garykarel6809
@garykarel6809 Ай бұрын
I thought the owners of the Delray Beach hotel went to Michigan not Minnesota.
@dorothy6751
@dorothy6751 3 ай бұрын
I appreciate the honesty! The last time I was there, the Opal was the Marriott. It’s cold and rainy here in NJ.
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
I was only teasing, hope the weather gets better in NJ 🫶 you should see it now the Opal grand is absolutely beautiful
@marksr8784
@marksr8784 Ай бұрын
I'm going to wait a little longer 😂
@MarkWickenheiser-yg7ny
@MarkWickenheiser-yg7ny Ай бұрын
Stay away from florida, it will always be a money pit..........Move to mexico
@richielittlewood867
@richielittlewood867 Ай бұрын
Just sell and buy a house . Eliminate all these junk fees . HOA boards are stealing from you .
@Chuck-qi8pw
@Chuck-qi8pw 16 күн бұрын
I’m paying my single family home off so I can choose my insurance coverage to my liking. If you have a mortgage, your lender will dictate your minimum coverage. For the senior citizens who have a single family dwelling , it might be their only choice. Most seniors are on a fixed income. Hope this helps others. It sure has brought my expenses down. Yes, there is some risk involved because I have decreased coverage and raised deductible. I plan on putting my saving into a reserve account. If I have a loss, I will go to my reserve account. I bet there will be a lot of seniors doing this. Check with your financial advisor to see if this might work for you. Insurance premiums presently (in my opinion) not a good value for what you are getting. Hopefully things will adjust in due time.
@sarafinalove5330
@sarafinalove5330 13 күн бұрын
There are people who will purchase but the HOA fees are ridiculous, therefore many people are leaving Florida to other state.
@joevarga5982
@joevarga5982 12 күн бұрын
HOA fees are only increasing in coastal areas. There's no need to move out of Florida.
@sarafinalove5330
@sarafinalove5330 12 күн бұрын
@@joevarga5982 Those are the areas most people are interested in setting up residence.
@bradcolby3624
@bradcolby3624 Ай бұрын
I have one word Surfside
@debbieframpton3857
@debbieframpton3857 27 күн бұрын
I would never buy a condo nothing but a glorified apartment with all the extra fees attached
@BigDAg889
@BigDAg889 Ай бұрын
My place is beautiful. Northern mi 2 Great lakes within 20minutes an d no Crocs
@drc3po
@drc3po 24 күн бұрын
I wouldn't wear Crocs either, while shoveling snow most of the year. My feet would freeze!
@PalmBeachesPaul
@PalmBeachesPaul 24 күн бұрын
🤣😆👣🐊
@timothycavaretta3979
@timothycavaretta3979 3 ай бұрын
Hey Paul, good video. Paul, do you also think it could be a time of opportunity, or wait? I'm a retired bachelor, owned several properties throughout my life, recently divorced, started renting a renting a condo in North Beach, Miami Beach, now, I'm thinking about just buying one of these things. I'm just wondering where this building is at regarding SIRS and other stuff. Anyways, just wondering your thoughts.
@Cherylini100
@Cherylini100 3 ай бұрын
Thanks, condo owner that wants out!!
@christycunningham4517
@christycunningham4517 Ай бұрын
Even saving for years, I don’t think buying is obtainable making $190/K, I don’t count bonuses as that’s for my down payment and closing. I am going to watch other videos…..maybe the gulf coast?
@pinschrunner
@pinschrunner Ай бұрын
Live below your means, but below what you think you need or deserve
@jimoconnell8105
@jimoconnell8105 19 күн бұрын
How come Pam Beach Paul didn’t see this coming?
@PalmBeachesPaul
@PalmBeachesPaul 19 күн бұрын
if you watched my video condo crisis I talked about this happening way before it even started happening
@MexicoBeachFloridaLiving
@MexicoBeachFloridaLiving 2 ай бұрын
Paul, I have commented on a couple of your videos in the past...I live in a single family home on the Gulf coast panhandle area. Our housing market here-imho-is crashing. Prices falling faster than I have seen in a long time. The insurance market is killing Florida home sales, home owners and auto both. We are beginning the process of considering a sell and move to Georgia's Camden county, 20 miles north of Jacksonville on the Atlantic side. Incredible how much cheaper everything is there compared to where we are located now.
@PalmBeachesPaul
@PalmBeachesPaul 2 ай бұрын
Sorry to hear this but I wish you and your family the best of luck wherever you decide to move to. You have to do what you have to do for your family
@Invest4Cash-Flow
@Invest4Cash-Flow Ай бұрын
🎉🎉🎉thanks 🎉🎉🎉
@chelo2626ify
@chelo2626ify 4 күн бұрын
Also henge shouldn't be allowed to buy condo
@jnagarya519
@jnagarya519 Ай бұрын
What's it like where I am? AFFORDABLE!
@DarthWaffle.
@DarthWaffle. 3 ай бұрын
Please discontinue cutaways of “men” with hair buns.
@barrypeters3578
@barrypeters3578 6 күн бұрын
Real estate investors will swoop like vultures to reap the profits !
@danielterry382
@danielterry382 Ай бұрын
I think prices are coming down not just due to Higher Insurances, and fees, but the market is cooling, as Florida enjoyed a BOOM for years.
@dallasstudent1605
@dallasstudent1605 3 ай бұрын
They have done a great job revamping Delray!
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
They've done a great job but it's gotten really crowded and lost a little bit of its charm
@danacaro-herman3530
@danacaro-herman3530 3 ай бұрын
@@PalmBeachesPaul As a property owner in Delray Beach I couldn't agree with you more!!!
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
Dana I feel for you although I didn't grow up there I moved here to Florida and 92 and I remember going downtown and I like some of the transformation but a lot of the charm of Delray is long gone
@Dbb27
@Dbb27 Ай бұрын
I started in real estate in 1987. Nobody wanted to be in Delray Beach. Buyers would literally say we will look anywhere from Boca to Boynton but NOT Delray Beach. Things change.
@paul2081ok
@paul2081ok 4 күн бұрын
$200K = $125k huh❤
@patrickwhelan5703
@patrickwhelan5703 29 күн бұрын
For far too long Floridians enjoyed "cheap" living but not anymore. Thank the Republicans who let scammers corner the roofing market, trial lawyers to sue insurance companies and Republicans who looked the other way. If you're in a 10-20-30 year old condo, SELL IT!! It's going to get way worse before you know it. NC is looking reeeeaaaallll good!
@enzigenes
@enzigenes Ай бұрын
Do NOT buy a condo.
@jordanbey870
@jordanbey870 Ай бұрын
Assessment is killing this industry..big corporations are getting it all..Black Rock.
@JanRaz1955
@JanRaz1955 3 ай бұрын
I’d live in a shack to live in Florida ❤
@nicklasmillner101
@nicklasmillner101 2 ай бұрын
Until you saw the giant cockroach 🪳.
@nicklasmillner101
@nicklasmillner101 2 ай бұрын
Atlantic Ave ,small world 🌎 I'm in California.
@autobotdiva9268
@autobotdiva9268 Ай бұрын
the city cause this problem due to the condo falling. it shouldnt fall on the citizens.
@ThePaulpope
@ThePaulpope Ай бұрын
This makes me want to sell my place and move to one of those traditional houses in Gulfstream ..... but nothing for sale ...HOA fee's here (Bal Harbour in Miami Beach and Beachfront) are $10k .....a month ! I'd like to say it keeps the riffraff out but it doesn't .... we get rapper types revving their ridiculous Lamborghini's in the driveway. The B&T does a much better job ...🤣
@PalmBeachesPaul
@PalmBeachesPaul Ай бұрын
If you ever do give me a call I'll be happy to help you👍
@Flies2FLL
@Flies2FLL 3 ай бұрын
Condo's in SoFla are going to get clobbered in the next few years. Many won't be insurable and the fees/assessments are going to get outrageous. It's like buying an airplane. Airplanes aren't as expensive as you think, but what will bankrupt you in a hurry are all the COSTS. Great video!
@stewartforeal1079
@stewartforeal1079 Ай бұрын
It needs to drop
@SamuelHendrix-kb8nn
@SamuelHendrix-kb8nn Ай бұрын
Florida is for old people!
@PalmBeachesPaul
@PalmBeachesPaul Ай бұрын
you obviously havent spent much time in Florida
@YanilleCastillo
@YanilleCastillo 3 ай бұрын
Yep hit $1000.00 for a year and a half in assessment fees from September 2022 to December 2023
@YanilleCastillo
@YanilleCastillo 3 ай бұрын
On HOA not including home insurance to protect the inside of my home
@YanilleCastillo
@YanilleCastillo 3 ай бұрын
I want to sell my condo. But where will I go I gotta wait
@jdmotes69
@jdmotes69 2 ай бұрын
We just were forced to re-roof our HOA community and cost us each $8500 (48 units, 12 buildings plus cabana) and we may have to have another before the years over! Too many years of kicking the can down the road is coming back to biting us in the ass!!!
@Dbb27
@Dbb27 Ай бұрын
The State of Florida helped create this mess. The deadline for reserves, while needed, should have had a longer time frame.
@pinschrunner
@pinschrunner Ай бұрын
Agreed
@sutterpark
@sutterpark 3 ай бұрын
I can't See spending $3.00 month or $36.00 a year un NOPE! My gf does her own video she doesn't charger like others GREEDLY realtors do! You guy s make more money Saling, or lease home or business am I right? Be happy what you do!
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
Not sure what you're referring to.
@sutterpark
@sutterpark 3 ай бұрын
@@PalmBeachesPaul Why can you make FREE videos per video to watcb w/o no chargers to join your site?
@jdjones3317
@jdjones3317 2 ай бұрын
​@@sutterparkHis channel's full of free videos, you nitwit.
@PalmBeachesPaul
@PalmBeachesPaul Ай бұрын
@@sutterpark If I make other videos about stuff people are interested in and they want to pay then thats their right.Its called a premium service and they would get access to videos early with no commercials and they would get to see other stuff I upload ONLY to that service. I still make a video a week for FREE
@sutterpark
@sutterpark Ай бұрын
@@PalmBeachesPaul I am NOT a realtor or a sale person in any others! I can't see spending money in that way! I call it GREEDY
@irishkevin4307
@irishkevin4307 9 күн бұрын
Sounds like Paul has a Northeast attitude...insurance is going up...taxes going up...HOA fees are going up...special assessments are coming...the market sucks...deal with it...oh, by the way if you are looking to buy give him a call...?! ☘🤣
@PalmBeachesPaul
@PalmBeachesPaul 9 күн бұрын
Not at all, I just know there's people who are looking to buy condos right now, matter of fact I just closed on one today, and I had three more calls this week. There's always people looking to move to Florida so I'm here to help them even if the situation isn't the best at hand. some people have no choice because their job requires them to move or for whatever reason, so I'm going to help them the best way I possibly can.
@eddie9076
@eddie9076 2 ай бұрын
LOL.. It's amazing how you would tell people the problems of owning a condo these days and at the same breath tell your viewers that if they are interested in buying a condo is to call you. That strikes me as funny and ironic. LOL.. LOL... LOL..
@PalmBeachesPaul
@PalmBeachesPaul 2 ай бұрын
Not all condos have high assessments or high monthly fees. Some condos are still a good investment for people wanting to live in one.
@tapezy
@tapezy Ай бұрын
I'm from Florida born and raised. I desire to move back home . I want to live in Daytona , But the condo prices and fees are just to much.
@YanilleCastillo
@YanilleCastillo 3 ай бұрын
My HOA is close to $700.00 in miami Florida 🙏🤦‍♀️🙏
@RayQ101
@RayQ101 3 ай бұрын
$76 to $700 is insane…
@Mike-ew9zn
@Mike-ew9zn Ай бұрын
Panhandle beaches much better!
@PalmBeachesPaul
@PalmBeachesPaul Ай бұрын
meh
@jnagarya519
@jnagarya519 Ай бұрын
If ya can't afford the HOA, then you can't afford to eat out at restaurants.
@Dbb27
@Dbb27 Ай бұрын
Many people could afford the HOA but some have doubled in just a few years.
@jnagarya519
@jnagarya519 Ай бұрын
@@Dbb27 I know that because I've been watching the videos. And laughing my ass off. In this the real estate dude talks about the wonderful neighborhood with great restaurants. Paying multiples of one's original HOA cuts into the discretionary money that used to be available to eat out at restaurants. What that means is that there are ripple effects: it means restaurants begin to go out of business. Vote Republican get scorched-earth Republinomics. For the RAW of the consequences "Google" "Steward Health Care".
@JayJay-he9bk
@JayJay-he9bk Ай бұрын
@@Dbb27 yeah that’s the problem. HOA fees increase due to maintenance and insurance cost.
@mariaamaro6227
@mariaamaro6227 3 ай бұрын
Why is everyone doing walking videos???
@PalmBeachesPaul
@PalmBeachesPaul 3 ай бұрын
Because sitting in a chair and talking to people with nothing but my boring living room background would get five views. At least this way people get to see the city where I sell real estate and reach out to me. Plus let's be on honest I could use the exercise 🫤😱🤣
@kleinster99
@kleinster99 27 күн бұрын
Y’all been kicking your repairs down the road instead of getting them done. Well, now is the time. You knew it, time to get er done.
@edmundochavarro
@edmundochavarro 11 күн бұрын
Couldn’t have said it any better. Kicking and screaming but when things like the Miami condo event happens, people are outraged condo didn’t do the necessary repairs. Can’t have it both ways.
@pinschrunner
@pinschrunner Ай бұрын
Lower your price and you will get a sale.
@fern8580
@fern8580 26 күн бұрын
let's look at the consequences for tenants, with this new legislation on condos for a 10 to 30m² (100 to 300 sq feet) =910 minimum rent per month including charges for a 30 to 60m² (300 to 600 sq feet) = 1820 minimum rent per month including charges for a 60 to 120m² (600 sq feet to 1200 sqf) = 3640 minimum rent per month including charges for 2024-2034, This is the new price of rent + charges & repairs. (daily charges + small repairs every 6 years + major repairs every 50 years)
@chicagogyrl4846
@chicagogyrl4846 Ай бұрын
Florida is stupid crazy expensive to live there! Too hot, bugs, ect.! Much better to live in Mexico!!
@PalmBeachesPaul
@PalmBeachesPaul Ай бұрын
Yeah because dirty water crooked cops and politicians and cartels kidnapping and murdering people is exactly what I think of when I think of a place to live or vacation 😆
@garyo8546
@garyo8546 6 күн бұрын
florida is f''''''''' stay the hell out of az....... same thing............
@scotthaynes3181
@scotthaynes3181 Ай бұрын
Buy Bitcoin.
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