Florida housing market inventory spikes 1,000%. "It's worse than 2008".

A repeat of 2008 is hitting housing markets across Florida right now, with a massive spike in homes for sale and inventory which is putting excess supply on the market.
Access data on Reventure App for Florida's Housing Market: www.reventure.app
The result is that home builders and investors across Florida - particularly in markets like Cape Coral, Sarasota, and Tampa - are beginning to slash home prices. By as much as 30-35% on certain listings.
The result is that Florida's Housing Market has entered a big downturn.
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[@ReventureConsulting]

They said it wouldn't happen this time. But it's happening. Florida is getting smashed right now by a surge in listings on par with the mid-2000s in certain cities. Cape Coral, Sarasota, and Lakeland going down first. Make sure to track the inventory trends in your market. How much have listings gone up over the last year? Check your ZIP at: www.reventure.app

[@issenvan1050]

Which parts of FL?

[@issenvan1050]

900% INCREASE, you mean?

[@issenvan1050]

Why are they selling?

[@issenvan1050]

Recession will come when 2-yr. & 10-yr. un-invert.

[@bitcoindaddy1]

SW Florida is not florida as whole. Do Miami , Orlando , even Gainesville.

[@nicolasbenson009]

To my own research In 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.

[@ScottKindle-bk3hx]

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.

[@PaulKatrina.]

I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.

[@CraigLloyd-fz6ns]

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

[@PaulKatrina.]

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

[@darnellcapriccioso]

I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@alexsteven.m6414]

From my analysis, people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[@valeriepierre9778]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@fresnaygermain8180]

Anticipate rising home prices due to inflation, potential economic fluctuations, and Federal Reserve actions, emphasizing the need for expert financial advice amid uncertainties.

[@edelineguillet2121]

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

[@fresnaygermain8180]

’Sharon Marissa Wolfe’ is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@yolanderiche7476]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

[@roxdietren]

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.

[@EdmundEthan093]

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 advice but get buying, cash isn’t king at all in this time!

[@MaryLawson874]

@@EdmundEthan093 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.

[@Jonathancolter7100]

@@MaryLawson874 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?

[@MaryLawson874]

@@Jonathancolter7100 The decision on when to pick an Adviser is a very personal one. I take guidance from Jessica Dawn Walters to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@Beatricegove733]

I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[@PatrickFitzgerald-cx6io]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@brucemichelle5689.]

Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.

[@foden700]

This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.

[@brucemichelle5689.]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@foden700]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@shellylofgren]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[@donna_martins]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@Walter_hill_]

Soon, cheap homes won't be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can't just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.

[@shellyhayn]

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

[@Walter_hill_]

Vivian Jean Wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@shellyhayn]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@austinbar]

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.

[@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]

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

[@FabioOdelega876]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@joshbarney114]

I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard 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.

[@FabioOdelega876]

Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

[@HugoBergmann-lu4nd]

In the early 1990s, when I bought my first home in Miami, first mortgages often came with rates of 8 to 9% and 9% to 10%, which was quite common. It's important to consider that we may never return to 3% rates. If sellers are compelled to sell, home prices may need to decrease, leading to lower valuations. I believe many others share this line of thinking.

[@StocksWolf752]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@StacieBMui]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@Wellerpage]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@StacieBMui]

Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@grego6278]

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@TheJackCain-84]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@kevinmarten]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@Jamessmith-12]

consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.

[@JacquelinePerrira]

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

[@Jamessmith-12]

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

[@JacquelinePerrira]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@Raymondcraw1967RaymondCrawley]

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.

[@BrewerVera]

Contemplate shifting your investments from real estate to other dependable options such as stocks, cryptocurrencies, or precious metals. Severe recessions present potential buying opportunities in the market, but it's essential to approach them cautiously due to the volatility that can provide short-term trading possibilities. While not offering financial advice, it could be prudent to consider investing, given that holding onto cash may not be ideal during this period.

[@AndersonFair-cy2bb]

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.

[@VanessaWilliams-pu8vt]

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

[@AndersonFair-cy2bb]

Finding financial advisors like Rachel Sarah Parrish 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.

[@VanessaWilliams-pu8vt]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@e4300]

The thing that sellers (houses or cars or anything else) need to understand is; "Just because you paid too much doesn't mean that a potential buyer has the responsibility to bail you out!"

[@speteydog2260]

That’s for sure.

[@bvswtwolves21]

They won’t bring price down unless they get laid off, if they have to move I bet they would put it up for rent ..the low unemployment is the issue

[@BarneeFife]

Byden will sign a bill bailing these peeps out too….nobody should have to be responsible for their own dumb decisions…

[@kelleyhooper4003]

Not just taxes, but can a buyer get homeowners insurance that is reasonable....Fort Myers gets hit every 10 years or so with hurricanes.

[@brianhopkins5251]

What's it worth has nothing to do with what you paid.

[@J5L5M6]

I love that you're essentially the "True Detective" of real estate and markets. Traveling around connecting the dots for everyone. Always, great video!

[@ReventureConsulting]

Thanks for the comment! That's what I try to do.

[@J5L5M6]

@@ReventureConsulting Inventory here in Denver raised by a whopping 31% in May... it's getting choppy out there.

[@WeeG-bwc77]

"The children of the nation are waking up homeless in the lands their forefathers conquered, because they gave unelected central bankers control over the issue of their currency"

[@truthmatters7805]

​@@ReventureConsulting Your correct-

[@matthewcastillo9951]

@@ReventureConsulting, I’m surprised that Florida is so expensive. I thought that it was the most affordable place in the US. Apparently not.

[@tristanstrother]

“Why’s this mf standing outside my house recording my shit” - some Florida homeowner

[@ReventureConsulting]

haha.

[@BlackHammer0891]

Couldn’t look like me and do this series!

[@katydid2877]

I always think that when I watch all the youtubers who walk around recording. Surprised people don’t call the cops on them, the way people are these days🤣🤣🤣

[@deebee68]

He’s telling you you lost some money fool! 😂🤣

[@bford5899]

@@BlackHammer0891that would turn into a totally different show, if you look like me!

[@jsch9173]

What a dreary-looking neighborhood! Flat as a pancake, treeless, no sidewalks, no apparent amenities. Why on earth would anyone pay even half a million, let alone a million, to live there?

[@ca9777]

Agree. Looks like a nightmare scene.

[@nelsonramos208]

No life

[@Technotranceism]

That's most of Florida for you

[@jc1979af]

People up north think that FL is a real life "Magaritaville" where they can walk to the beach and take the grandkids to Disney every other month. The reality is that FL is humid, hot, and traffic is a mess. Outside activities from May to September are difficult due to the heat

[@winstonsmith6204]

😂I just laugh. If you're not living near the beach in FL . . . Why would you live in the center of the state.

[@adamweah8037]

The number of people mortgaged their house to buy an investment home are going to get wrecked. Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does

[@smithdavis1362]

Controlling my portfolio cost me losses in 2022. So, in January 2023 I sought advice from a fiduciary. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 78%

[@georgewaxton4015]

Your fiduciary must be really good, how I can get in touch with them as my porfolio is not performing as expected.

[@smithdavis1362]

I work with Laura Grace Abels as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

[@georgewaxton4015]

Impressive, I took a look at her page. I set up an appointment. I’m looking forward to her reply, I hope she sees my message.

[@floydchusset3143]

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

[@hot89103]

Jobs pay chicken feed in Florida. How can people buy a home for $500k? I heard home owners insurance is insanely expensive also.

[@gabesimmonds8421]

One chicken. To feed more would be problematic from the Florida incomes

[@JoelAntoinette]

I live in S Fl. I keep asking myself same thing as so few high paying jobs in comparison, only so many business owners. Yet they keep building high end condo buildings

[@timothygibney159]

Easy Airbnb lords from Asia and New York who want to rent to tourists set the prices for everyone else

[@designmycity]

Amen.

[@ca9777]

Not all are paid peanuts in Florida.

[@sourcematerial3439]

Was waiting for Michael Bordenaro to be walking by filming at the same time. You guys just running into each other filming and then deciding to do an episode together would be fun!

[@howietran5723]

They did , last summer in California.

[@depreciatingasset]

😂😂😂

[@jasonjason5325]

Gloom and doom blah blah blah very addictive

[@TheNewChevyRoll48]

"Is this a crossover episode?"

[@AssetAddict]

These guys are both Crash Bros. They make money from fear. They sell fear. Do not be confused.

[@guiwill18]

Two weeks ago we went to see a home here in SW cape, seller wanted $1,425,000. Appraisal came at $900,000,... in essence he wanted $525,000 over appraisal. Thanks for your video, its very accurate.

[@brianleblanc2758]

lol dont buy a house there

[@MaryTongx]

Certainly. Exchange-Traded Funds (ETFs) are popular for long-term investments due to their diversified nature. ETFs offer exposure to a wide range of assets, such as stocks, bonds, or commodities, which can help reduce risk. Some top choices for long-term investing include broad market index ETFs, sector-specific ETFs, and bond ETFs, as they provide potential for growth and income over an extended period while minimizing the risk associated with individual stocks.

[@VanessaFloyd-tt7yg]

Numerous compelling stocks span various industries for you to consider tracking. While it's not necessary to act on every prediction, enlisting the guidance of a financial advisor is advisable. They can assist you in determining optimal entry and exit points for purchasing and selling shares or ETFs, ensuring well-timed decisions aligned with your investment goals.

[@AnitKumar-dd9ns]

I am grateful that I am favored £43,500 weekly, I also use some part to give the poor as well. God bless sandrina ❤

[@YOGESHVAJA-gd9dj]

Hello how do you make such monthly, I am a born again Christian and sometimes I feel so down 🙁of myself because of low finance but I still believe in God.

[@TeffddCVxCVh]

Really 😮

[@AnitKumar-dd9ns]

She communicates on WHAT S A P P on the digits below>

[@AnitKumar-dd9ns]

You'll surely reach her

[@AnitKumar-dd9ns]

美國 十 𝟭𝟴𝟮𝟴𝟯𝟱𝟭𝟭𝟳𝟰𝟯👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻❤️❤️ 十 大家大家大家大家大家大家大家大家大家大家 copie desta forma O KZbin é frustrante

[@ashlaunicaalpari4584]

I find many people move here to Florida then quickly realize it isn’t all they thought it would be. This state isn’t what it used to be.

[@carymarshallfelton9188]

Thats how its always been. Unless they had family there or married a Floridian they would eventually return home.

[@sociolocomtsac]

It never was

[@divergentone7491]

Some people may get hyped up on Florida because they had a good time there on vacation, but, living there fulltime and visiting for a week are two completely different things.

[@vietnamvet4533]

Yep as a former NYer this place the Daytona Beach area was like heaven when we moved here 11 years ago. Now it is just like the place we left, wall to wall traffic, people everywhere you go, insurance rates you need a loan to pay for if you can even get it, the weather is starting to grind on me, and all without a least a real NY pizza parlor anywhere around. I am looking for the next low cost place to run too.

[@rachegreenrg]

@@vietnamvet4533 NY pizza is not any good, compared to real pizza from Italy.

[@tannerbean3801]

I feel like I'm watching The Bigger Short when they go to Florida to see what's what

[@Gmac_Greg_M]

Not even remotely as bad in South Florida as 2008. No one bought a home with NINJA loans and only 5% of loans were ARM’s when rates were low. Housing Crash isn’t coming unless we hit double digit unemployment first.

[@tannerbean3801]

@Gmac_Greg_M what you mean to say is we won't see a housing crash until we see double digit unemployment... and housing crash is subjective and non-uniform across the country. How long have you been a realtor?

[@Gmac_Greg_M]

@@tannerbean3801 reducing your price 10% and it still pricing it higher YOY is NOT a crash!

[@admiralsuperior3]

Good point

[@TheSuccessEngineer]

Cause he is manipulating you via dubious marketing tactics

[@perkinatorfpv5553]

News flash, we don't want to buy your used house at 2x - 3x the cost you paid for it brand new. And also just in time to need a new roof! Eff the greed

[@Str8Maddeness]

News flash.. We don't want to live in Florida!! I want my children to be educated not indoctrinated. I don't care to raise my family in a backwards ass police state.

[@ma.2099]

@@Tater-Skinzit’s a shame that people have to “guess” on buying a place to live. Original poster isn’t wrong at all. But neither are you. Chances are homes will only keep going up at this point.

[@Markham12thcentury]

@@Tater-Skinz LOL. How are the prices going UP another 4X? People can't afford them now?

[@hardwired4548]

@@ma.2099 The prices can't keep going up if nobody is buying.

[@TuanTran-qu4gk]

​@@Tater-Skinz I hope that's true because the inevitable crash that follows will be all the sweeter

[@HaraldBergh-kd9fi]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

[@Dukaamoses]

yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too

[@Miaisabelle-yk6rd]

Hello, I’m 61 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.

[@EdEdwardsKonosa]

Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend

[@DiegoNavarro-jh8dn]

I would highly recommend Professional Chrissy Barymoer his strategies are just great especially for novice in this stock field

[@StephanieQuake]

I knew someone would mention Chrissy Barymoer, he is perfect in helping beginners grow. I would not recommend anyone else.

[@Murkee813]

It doesn’t mean much when you been calling the crash for years now and it still goes up

[@brianlb78]

Exactly, so many of these channels have been calling a crash since covid.

[@Murkee813]

Yep they get everyone going that wantssss it to crash

[@Yui789esss]

@@brianlb78just like people that “pump” the market.:.. these are KZbin influencers that found their cult following and many investors will get burned by following them

[@kpkc4931]

30%-40%??? Bro….IMO 50%-60% is the minimum correction coming for places like Florida, Nashville, and Boise

[@markpitchford7375]

he's talking median sales price. We need 75% off asking prices to even get back to 2020 though.

[@lindylou3519]

I can’t understand why Nashville got so expensive.

[@kevykevTPA]

Wishful thinking. There's a reason he chose Cape Coral as an example, as it got crushed a few years back when that hurricane hit it full bore while a Cat 4 storm... Many to most existing properties in the area were flooded, and even if repaired, not only does that make their future insurability suspect (both because of the prior claim, as well as the fact they're in a flood zone in the first place), it damages their resale value even if that isn't a factor. It's an outlier, in other words, and not indicative of the market as a whole in the state.

[@user-co5iq8oj8x]

You guys are crazy. 50% to 75% drops is not happening. The examples he used is sellers listing outrageous values and cutting prices back to true value, not cutting prices from the actual value

[@vishnu2699]

Would need mass layoffs like 2008. If you see that then its 50-60% because even if people have 2-3% interest rates, no money to pay their mortgage. If you don't see that then you need to find a job that will pay well and not listen to pessimistic people to get views to get paid and squander your time.

[@justinwebb2214]

We unfortunately are trying to sell in Central Florida right now, not because we cant afford or don't like our home but the In-laws are moving here from out of state and want/need to live with us. Original plan was to be in this home for 10-20 years, but with the change of plans our current home just cant support everyone long term. Im DESPERATELY trying to sell before DR Horton finishes/lists 70+ homes in phase 2 of our neighborhood, and before the second suburb neighborhood starts listing their 50+ homes just down the road. I've followed Reventure for a while and have seen the firesale coming of new builds, but unfortunately wasnt planning on having to suddenly be on a clock to beat the firesale....... Positive side though, if we can actually sell and get out of this bind, we will be ditching suburbia and getting onto an acre or two instead lol Suburbs are fine, the kids have friends but i hate HOA, miss playing whiffle bat in the front yard, and i want chickens lol

[@KingFergus]

Cut the price %40 and take a loss or the market will cut the price %60 for you...

[@carolweller8911]

Where in Central Florida?

[@justinwebb2214]

@@carolweller8911 Sumter County, Wildwood area (which is hr south of Ocala)

[@jonesjones7057]

Gotta get goats too. They're great buddies.

[@justinwebb2214]

@@jonesjones7057 Free lawncare service too lol

[@SamA-ho8uj]

Property insurance cost is a huge issue in Florida

[@sukhodrone]

Bought in the Cape a year ago, still enjoying every minute of living here. My house is now valued at the same price on Zillow that I paid last year. It may go down another 10-15%, I am not worried... Cheers everyone!

[@lrevz9672]

You bought a house last year😅 try 30% down after the next big hurricane.

[@sukhodrone]

@@lrevz9672 The house has survived Ian without flooding, it actually went up in value after the hurricane. So no, no regrets even after your valuable comment :D

[@lrevz9672]

@sukhodrone I wasn't eluding to your house took damage. But the risk of any house in that area getting hit hard by a hurricane is very high thus making your insurance prices through the roof. Si even if you survived the hurricanes you'll be taking a hit because your neighbors house got flooded... insurance companies spread out the cost over the whole area . We all know your insurance will continue to rise there maybe even out pacing your house payment... that's why people and home insurance companies are leaving the area. Oh did I mention they will be adding category 6 storms to the list in a couple years... cheers everyone. 🍻

[@sukhodrone]

@@lrevz9672 Wow, you seem to know more about my insurance premiums than I do! In reality, my home insurance is not much different to what I had for a similar house in NJ and my flood insurance is *very* reasonable. The insurance premiums did increase this year, for $200 combined. The secret here is to buy a house built after 2010 because it will be constructed up to the proper code and it will have an elevation high enough not to get flooded. Yes, it will be $900K+ on the water, but IMO it's a fair price for enjoying carefree living in paradise :)

[@lrevz9672]

@sukhodrone you sound like you've researched your situation throughly most people jump and buy on a whim. Hope u have many years to enjoy that sunny weather ✌️

[@Vince-lj5wf]

Thank you for coming to my town. I sold my house two years ago, and I am renting waiting for the housing market to become affordable again so I can pay cash for a house, and start looking at the golden years of retiring down the road. Keep up the good work buddy!

[@joelastre4864]

I lived in different parts of Florida for almost 30 years. In relatively nice areas. Never too far from the water, in low crime neighborhoods. And even with all that, I can tell you that living in Florida is GROSSLY OVERRATED.

[@willrose5424]

😂😂

[@TheSuccessEngineer]

Then leave grandpa 😂

[@joelastre4864]

@@TheSuccessEngineer I'm in my mid 40's. Not a grandpa yet. And I already did leave. Eventually you'll want to leave too, trust me. You'll eventually get tired of the hellish heat and humidity, the crime, the traffic, the ghetto people, the flooding and hurricane season. The only reason you'll stay is if you have some sort of obligation that keeps you stuck there. And just wait until the housing market crashes and you lose hundreds of thousands of dollars off your home value. Those will be fun times. You'll remember this exchange............................

[@ClintBaxley]

@@joelastre4864 Or the insurance. My insurance costs the same as the mortgage.

[@joelastre4864]

@@ClintBaxley Incredible how it has reached this point. And I heard a few months ago that they might need to create a 'category 6' for future hurricanes. How much will these insurance companies charge if it reaches that point?? And how can regular people POSSIBLY afford all this??

[@aaronwentzel4145]

Why anyone would want to live in Florida, I'll never understand. 90* and 85% humidity??!! F that.

[@craigbmm4675]

the high humidity only last for a little while . and i can deal with it for the for 70s-80s temps year round . its a beautiful place .. i luv it

[@zfunk9]

That’s EXACTLY why I love it here. Can’t stand the cold. Love going outside at midnight and it still being nice and warm. Anything under 70 and I’m freeezing.

[@brassmonkey7566]

I'm in Pasco County in Central Florida a bedroom community for Tampa everything is up . Some up to 300 percent. There is new neighborhoods popping up everywhere and they are about to open a new major road through what used to be a large ranch planning a new city along it . All the new stuff is 300 k plus. It's just nuts!

[@irfaankalamadeen9823]

yep... getting emails every week from builders... 50k discount, rate buy downs, 0 closing cost etc... desperation. BTW the purchase price history dosent tell us if they already tapped the equity with a HELOC to buy cars and Taylor Swift tickets.

[@ReventureConsulting]

Thanks for the comment. Taylor swift tickets running $2,000 in Nashville. Not sure how people afford it.

[@irfaankalamadeen9823]

@@ReventureConsulting HELOCS, BNPL and/or credit card debt is my guess. Thanks for the great data analysis and videos as usual.

[@speteydog2260]

Omg lol yup

[@jibberjabber-fm6pb]

we are having insurance crisis which get worse with every storm. stay away from buying

[@NineFourOneMedia]

This is what PropWire is for. It'll show 2nd mortgages.

[@FAHRENHEIT-gj4ng]

"me rubbing my hands waiting on buying a FL home for pennies on the Dollar"

[@davidanalyst671]

good for you!! just be careful with your financing. some banks don't like helping second home financing

[@overbuiltlimited]

Well the last crash took five years to bottom. If you got the time sure go for it.

[@plektosgaming]

@anotheruser5654 and hurricanes and flooding. Look, Florida, sorry to say, won't BE there in about a hundred years. Invest in a better location in the U.S.

[@frankblangeard8865]

@@plektosgaming None of us will BE anywhere in a lot less than a hundred years.

[@HAHA.GoodMeme]

@@davidanalyst671 good. boomers and banks and foreigners should not be buying houses.

[@Juliet875]

Exactly, Florida has always been a Boom/Bust state. Thanks Nick!

[@aprilgentile5438]

Laura is very transient people dream of living here then when they move here, they realize they can’t handle the heat humidity and the hurricanes

[@Fla5thgenTryMe]

Except he's an idiot and 800 houses in cape coral is nothing its just more then was for sale. It is moving season...

[@qua7771]

It's cyclical.

[@Str8Maddeness]

Florida has and always will be a BUST! Name one good thing about Florida.. cuz even the weather sucks..

[@mspsys]

@@Str8Maddeness yeah, i can't imagine living in Florida even during the winter months. so humid and mucky. one trip to disney world in Dec. and I swore I would never go back. that was 15 yrs. ago. haven't gone back since & not planning to go there in my life time.

[@Lionadmike]

Considering a young mid income, short term minded person with constant need for cash, are these still worth investing into? I am new to all of these and have incurred so much losses, I am beginning to think I am not doing what is good for me but just following people blindly.

[@BrianLyke]

VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...

[@MitchHill-ow6ne]

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast. I will also suggest investors to get yourselves a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@BrianLyke]

Following you has been an amazing journey , you have shown me the best way to earn much better profits despite the bad economic situations, God bless you with more knowledge sonia campbell...

[@RileyWilliams-lq3jh]

Great to see you guys talking of sonia, Trading on your own can be very dangerous i can testify to that. This woman changed the game for me

[@Lionadmike]

Any info on how i can liaise with her, i'm new at this

[@Aarrenrhonda3]

I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

[@Peterl4290]

I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.

[@larrypaul-cw9nk]

The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.

[@sabastinenoah]

in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of lose.

[@sabastinenoah]

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!

[@zerocoolflt]

I live here in Florida and you are completely accurate. There are more homes for sale in my neighborhood now since it was new 4 years ago.

[@kevykevTPA]

My 108 unit neighborhood has precisely -0- for sale at this time. We may or may not be an anomaly, one thing I've noticed since we bought here in 2016 is that a LOT of homes have been renovated, some for resale, some not. We do not have a mortgage, but I expect many who do, if they have bought in the last decade, not including since the fed started jacking rates are inclined to sit tight, as the whole area has seen a 300%+ increase just since we bought.

[@jeltoninc.8542]

My very nice neighborhood here in FL has a lot more homes sitting around for sale lately. I knew people were asking too much, just took time.

[@jamesbenton3475]

We are noticing it in the Tampa Bay area. We found a house listed at $1.2 Million. The owners/sellers bought it at 1.35 Million in 2022. 15 months later, listed it for 1.45 Million. 5 price cuts later (on the market since Oct 2023) and they are now at $1.2 million and the agent said that they would take $1.5. We are gonna pass but will watch this house in particular as it craters in price.

[@ssmall4164]

You are definitely not a local Floridian.. the only people buying these overpriced million dollar homes that shouldnt even be selling for more than 600k are people moving here from another state.. and i speak for most Floridians when i say, we hate it..i am just waiting for a breaking point where folks had enough lol

[@jamesbenton3475]

@@ssmall4164 Sounds like someone is bitter. I was only bringing up a point of overvaluations in the area. BTW, the person who bought this house is from Florida and bought another place just down the road. Greed is found in all states but Florida seems to repeat it.

[@plektosgaming]

@@ssmall4164 (small fist bump from us over here in Vegas). Soooo many people from out of town, flippers, speculators, out of state landlords.. can't wait for them to leave. Same deal. We hate it and wish they would go home.

[@rodiculous9464]

​@@jamesbenton3475it's not an issue of greed it's an issue of income. You can find some do nothing job making 100k in California and work from home on a laptop and buy a "cheap" house in Florida meanwhile locals are getting priced out bc they don't live in a socialist state where everyone makes 250k bc a coffee is 25 dollars

[@ssmall4164]

@@jamesbenton3475 you right. i am bitter. i have been living here all my life and used to love it here..now all the bastard from California, texas, NY, ohio have ruined what was once a very affordable place to live on a modest income. our wages here havenot budged.. and of course the guy selling is from florida, he bought cheap many years ago and now selling to some out of state dumbass that wants to move to "paradise" no matter the cost. .

[@williamjohnson9815]

It happens in Florida about once every decade because of all the second homes. Taxes, insurance against hurricane destruction, and HOA fees rising sharpely.

[@ReventureConsulting]

Thanks for the comment! good point.

[@geeeee8268]

And early boomers departing.

[@rodiculous9464]

You think they'll go down anytime soon

[@jordanbressler728]

Not a good point, before 2008… houses never went down

[@MarktrustingJesus]

@@rodiculous9464 It always seems to take a little longer than you think. Were in a recession but its early. People often are in denial and can't bear selling their house for a fraction of what they still think it's worth. They have to bleed out financially until the reality wakes them up sadly. It will be painful and I don't wish the pain on anyone.

[@hhazelhoff1363]

I live only 30 miles from that area in Sarasota, we do not have these problems here. Not many houses on the market. So you have to look at every area individually. Tampa also has a housing shortage.

[@jrey6186]

Starts with vacation homes - as weird as it sounds another quiet indicator ... delinquent payments on storage units

[@hhazelhoff1363]

@@jrey6186 it’s actually boats, and rvs that will tell the tale. Toys always get paid last

[@jacobsmith4284]

Once summer hits. It gets real fast.

[@michaelp5518]

You are correct. The crazy appreciation over the last few years WILL come back down. It’s already starting. I was shocked at the inventory increase in Bradenton Fla. Great advice.

[@KillingWithaSmile613]

hes been saying this for literally 4 years now and it hasn't happened. its not going to happen. we had an interest rate spike from 3 to 7 and prices are down like 10% at most. there is no crash. its all bullshit cope for people that don't have houses yet, this is what they WANT to hear. its confirmation bias nonsense.

[@bford5899]

@@KillingWithaSmile613what do you consider a crash? We have home prices plummeting, zip by zip, basically. Inventory soaring. Not all at once. We’re snowballing right now. Wages aren’t keeping up with home prices and cost of living. Inflation is through the roof. Mortgage apps are historically low. People can’t afford to buy homes nor keep the ones they have. Evictions and foreclosures through the roof and rising. Rents are sky high. Commercial real estate is bleeding out. Sounds like a crash to me

[@vietnamvet4533]

You should see here in the Daytona Beach area, ton of "iron" on the lots, and they are still clearing land to build more to keep the unsold ones next company. But the sad part is we the middle class will like 08 get stuck paying for all of this. Banks will go under, builders will just walk away.

[@drscopeify]

​@@KillingWithaSmile613 His channel is only 3 years old but anyway, the FED hiking cycle usually leads to some price declines and inventory build like back in 2018 when Powell hiked to 2.5% and 30 year rate hit 5% I recall very very clearly how lots of homes came on the market at GREAT prices that was the last time we had a good solid buyers market but then COVID kicked off and everything got messed up.

[@KillingWithaSmile613]

​@@bford5899 i consider a crash when prices crater. prices are literally near all time highs (-5%, take that victory lap reventure!!). its the exact opposite of a crash. keep coping.

[@laural5177]

Bought my house in 2004 in Central FL for $575,000. It's 300 yards from the ocean. The estimated market value is now $1,425,000. Have no intention of selling. If you can hold on to your house, do it.

[@rachegreenrg]

$1.5 mil is a price for stone mansion in France, not plywood shack in Florida.

[@davidanalyst671]

bro. Sell you damn house. Sell it now. get out of any real estate you can. When biden gets out of office, trump doesn't care about keeping the housing market bubble going, so trump will let the bubble pop. GET OUT!!!!! Live in an apartment for one year, and buy your house back after the crash for 575k again.

[@Jack_Parsons-666]

@@davidanalyst671 The guy who famously exaggerates the value of his real estate holdings will let the bubble pop? The guy who owns Mara Lago in Florida? He wants lower interest rates, that will keep the bubble inflated. It would be NICE if he'd let the bubble pop... and maybe there's nothing he can do to stop it from popping, but everything about the man says he'll keep the money printer going just like Biden and pressure the FED to lower rates.

[@KillingWithaSmile613]

@@davidanalyst671 this is so delusional lmao. trump gets into office and will demand / expedite rate cuts like he did before. housing prices will only keep going up with rate cuts.

[@Automedon2]

One hurricane and you'll feel like the casino patron who was winning but had to have one more spin

[@MisterGrumpalicious]

Leaving Florida 10-29-2025. Retiring overseas. Taking my 100k with me. Florida sucks. Renting where I'm going is 450 a month for a 3 bedroom house. My Social Security is 1500 a month. Health Insurance is 100 a month. Rent. Don't buy. I will be thinking about u young Zoomers whilst enjoying carnal gymnastics with some young hunnies. 😂😂😂😂😂

[@xbirdsofparadise]

What happens when people run out of money after 10 years of retirement

[@MisterGrumpalicious]

It's called Social Security. 1500 a month. Renting is 450 a month.

[@MisterGrumpalicious]

​@@SD2001-p8qno comment on where. Do ur own research

[@vietnamvet4533]

If I was 15 years young I would do the same and go to the country of my people Italy.

[@jorgejunco4907]

Sounds great! I've considered the same. Just need a couple more years, but seriously looking into it. Good luck and enjoy!

[@jimmydean4509]

Nick, you've put in the effort through some serious abuse from a lot of people playing keyboard warriors over the last couple of years. I knew you were right and I sold my house in March of 2022 in Bend Oregon which was the first top in the market. I say the first top because it was when everyone was still waving appraisals, inspections, giving long-term leasebacks like a year or two, and paying prices 10 to 30% over the asking price. I lived through 2008 and the behavior was exactly the same as before. You called this out early just like many of us did in the smaller minority and sadly you took the brunt of the abuse having your face on this channel. I want to offer kudos to you for sticking through and telling the truth. Despite the hard months and lack of full support, a bunch of us always had your back and I'm glad to see your hard work validated. Keep on doing what you're doing man. It's great work. Stay safe.

[@TheSuccessEngineer]

He is still full of 💩… tired to call the crash with Covid but he is not so smart so now he is selling you a yearly subscription 😂 what a 🤡

[@stevetonnesen3666]

Those Cape Coral homes are built at a stupidly low elevation above sea level, less than 10 feet. That requires VERY expensive flood insurance.

[@nancygreen8186]

Most homes in Cape Coral are built on a mound and I am 20 ft above sea level. I do know that my neighborhood is 20 ft above sea level. And the mound gives it a few more feet.

[@stevetonnesen3666]

@@nancygreen8186 There is a useful feature on the Google Earth program, not Google Maps, where you can zoom in to the surface of the property on the map and read the elevation above sea level on the lower right area of the Google Earth screen. Doing so, it appears to me that the street elevation of most waterfront properties in that area are in quite low elevations. While I am aware that many homes are wisely built on mounds of earth specifically to elevate them from potential floods, the street view of the homes on canals in the area I viewed did not indicate much in the way of elevations differences that would be very significant with respect to flooding.

[@Keitho1967]

That’s the root cause of this collapse. You can’t get insurance

[@NoWay-u4z]

@@nancygreen8186 The Caloosahatchee River was 3 feet deep in 1998 when my neighbor jumped off the top of the Edison Bridge killing herself. The same area is now 9 feet deep. The man made erosion from dredging had the FBI in Cape Coral and North Fort Myers for years. The EPA said that removing the coral, mangroves, and trees would be like pulling the rebar out of concrete. We now have the Westin, a new “beach” in Cape Coral, and a new “beach” in North Fort Myers because private citizens planted tree species protected by the EPA to make the officials look past the first illegal dredging. Then the investors from the United Arab Emirates bought all new computers for Lee County Schools before the dredger by the Westin and another at Marinatown in North Fort Myers showed up. That dredging removed essential protections that affected inland communities in Babcock Ranch and Hendry County. Get your stiff drink ready, Nancy: There are three waterways pouring out of the Okeechobee because they are constantly locking Atlantic Salt water across the state into the Gulf via Okeechobee attempting to dilute the sugar chemicals that make the red tide & algae water. One water lock goes all the way up to Apopka, and out from Tampa Bay. Another water lock is a Big Pine Reservation, which is also gone from 3 feet to 9 feet deep. The most ideal straight pass for shipping from the Atlantic to the Gulf of Mexico would be through the Caloosahatchee. It was impossible at only 3 feet deep east of the Edison Bridge in the drawbridge days but Franklin locks fed it a little extra Okeechobee overflow. PBS had an hour long special presentation for it. You can probably still find it here on KZbin. Florida is about to be three big islands with more riverfront views than anywhere. They showed a projected map of crumbling foundation areas and Fort Myers Beach was basically the north side of the Caloosahatchee. Dredging deeper into the river bed to get the non-eroding type of gravel and sand to build 20 foot mounds for a couple single family homes DOES indeed have consequences. That white sand stolen from Cuba in the 1960’s to create Sanibel, Captiva, Siesta Key, etc. just washed away. The Royal Palms we stole from Cuba have been altered by landscaping companies to eliminate the female palms because the boy palms were prettier and dropped less branches. As a result, our pollen count has grown to record heights which also messes with the river and we all need Claritin now. The beaches replenishment sand is mostly crushed recycled glass from Alabama. There are far to many ungoverned environmental infractions statewide and all the money funding it is foreign. I’ve lived in Cape Coral midtown & the old Pelican neighborhood. The people of Cape Coral have a commonality of being optimistic despite the doom. They try to be competitive, but simultaneously fear standing out too much. Cape residents mostly like political entertainment and conspiracy. Cape Coral doctors made national news for misinforming millions across the nation through their podcasts during the pandemic. Most children of Cape Coral are restricted from playing in the front yard or within the sight of a neighbor for fear of Department of Children and Families paying them a visit. It’s intense to think that the middle schools on Trafalgar need metal detectors since so many North Cape Coral parents support their kids carrying. In the best case scenario, I buy a home on Beach Road or Surfside Blvd, have the kids in a Montessori program or private tutor, and keep my entire life on constant surveillance in case the uninsured neighbor’s handyman/landscaper with 4 teeth that climbs the coconut palm for hand trimming at a cheap rate decides to drop a half maturing Royal Palm into my yard blocking my front door. The sudden no warning hurricanes could send a porta-potty from the other neighbors construction site through my double entry, straight through my open concept and smash through my back door glass sliders landing in my salt water infinity pool. All the crews would be occupied by the county and I would rack up 3-4 weeks of HOA violations for not getting the portable toilet out and forcing my neighbors to breathe the cesspool. My kids would invariably mingle with the townies at Starbucks, and I would have to move out a third time because I don’t want my children to try pain medications their friend stole from a grandparent or to go through that steroid circuit in Cape Coral gyms that leads to failed UFC wannabe fighters and OnlyFans porn stars. Their only other option would be getting caught up in some church group that teaches Christian nationalism and white supremacy ideologies. Keep your landscaper on speed dial with the FEMA adjuster in case some drugged out kid’s car spirals out of control like the one who drove into those three old people a few weeks ago. They were crushed while they were at a restaurant eating outside on the way to Pine Island. Enjoy your “paradise”.

[@NoWay-u4z]

@@nancygreen8186 according to the PBS special, you will still need stilts in a few years.

[@schrodingersmechanic7622]

The sellers aren't uninformed. They're greedy. I put an offer on a 40 year old house (with original fixtures) a while back that was listed 180+ days. My offer split the difference between their listing price and the property tax appraisal. They basically laughed at me. I wound up buying a newer, nicer house 2 minutes down the road for $50k less than what I offered the first place. It was a rental property from an elderly couple looking to unload it. It's just greed, plain and simple

[@ryanyoder7573]

Isn’t it greed to buy under market also?

[@bradwhitt6768]

@@ryanyoder7573 no. It's greed to get as much money as you can. It's not greed to buy for as cheap as you can.

[@Getmoreonlinereviews]

True! I live in Cape Coral and price peak about April 2022. We're down 10% from peak. We're gonna have a double dip crash. We need to lose another 10-20%. Many local realtors drinking the cool-aid of it will never crash...but they are getting awfully quiet about posting that now...LOL

[@nancygreen8186]

When the value drops in Cape Coral we will pay less taxes on our property. That's because the value will drop.

[@HughJass-jv2lt]

you need a 50% Write Down 🤣🤣

[@Getmoreonlinereviews]

@@nancygreen8186 We' pay less taxes a year later after the city reassesses the value

[@P_double_H]

Prices went down in Cape Coral because of the hurricane that wiped half of the city. Go to South East Florida and you'll see the prices increased instead.

[@Getmoreonlinereviews]

@@P_double_H Um guess you haven't been in Cape after hurricane. Did not "wipe out half the city". Other than major flooding SW cape close to river about most homes had little to moderate damage. I'm in SW cape, had no flooding. Lost a handful of singles and had to replace screen door. Insurance is up but it is all over the state.

[@surfstarcc1]

I was driving down A1A in South Melbourne Beach the other day. I counted 49 homes for sale along that stretch in only 6 miles.

[@TheSuccessEngineer]

Yea you are in the wrong market Einstein 😂

[@surfstarcc1]

@@TheSuccessEngineer What do you mean by "I'm in the wrong market"?

[@TonyLambshanks]

@@surfstarcc1 The Pool of Greater Fool's Ran Dry

[@surfstarcc1]

@@TonyLambshanks That's a good way of putting it. 👍

[@riskanet]

Trying to sell house in Boca Raton for 5 months now. Dropped the price 4 times. Current price 9% more than I bought 2019. Insurance, taxes and hoa just suicidal. Incredible rip off

[@jeffreycheng5984]

"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.

[@ReventureConsulting]

Thanks for the comment!

[@davidanalyst671]

Thomas Jefferson "If you give the power to inflate and deflate the currency to the private banks "Federal reserve" then america will be homeless in the country their forefathers conquered.

[@jamesclark7316]

I live in Naples, FL. I was here for the Boom and Bust before. You are 100% correct. The average worker can not afford to buy. The second home seasonal person is dropping out of the market. The others who want to be here for a few months are finding its cheaper to rent than buy. All those factors were the same before. Now add the interest rates, & the sky rocket insurance and HOA fees. Its a perfect storm. For example my neighborhood had a HOA fee of $275 a month 10 years ago. Now its $755. Incomes didn't increase enough or retirees now have $500 a month more for a home they bought 10 years ago. Property Insurance that was $1,140 10 years ago just renewed @ $3,890 and we were happy to get that deal.

[@Firefighting72]

I built my house in Cape Coral in 2000 for 129k (2000 sq/ft) on a canal. Sold it 2 1/2 years ago for 390k. We just wanted out and weren't trying for highest price. I told my wife nobody will sell this house again for more in a long time.

[@theodoregibbons4615]

You did ok on the sales price. 5.4% average annual compounded growth in 21 years you owned it. Take out 2%/year for CapEx costs, you still matched inflation.

[@Sonofawildanimal4241]

Boy were you wrong

[@Firefighting72]

@@theodoregibbons4615 in this area I'll take it. Wasn't planning on moving but my wife had had it with that City.

[@sbkpilot1]

"The four most dangerous words in investing are 'This time is different'" - John Templeton

[@enthused7591]

Bingo. The math always catches up. It'll never be different. Overpriced is overpriced.

[@1ForTheShieldz]

Didn't you mean relationships 😂😂😂

[@mocifus13]

The hallmark description of bubbles

[@ReventureConsulting]

Especially when people say it about Florida.

[@teatime635]

​@@1ForTheShieldzA relationship is an investment of time so, the quote applies to your statement as well. 🎯

[@robertensign8786]

Florida, Texas and Idaho. Most overrated and hyper inflated markets in the country. Good luck folks.

[@Ak47777-l]

You get a fixer upper shack here in Western Washington for 700k, it's a joke

[@sociolocomtsac]

@@Ak47777-l Actual high-paying jobs in Washington: Amazon, Microsoft, Boeing, etc. Not so much in FL. If you can't afford an average house, it means your skills are below average for the area.

[@The5hark]

Arizona: hold my beer!

[@Ak47777-l]

@@sociolocomtsac Imagine being an employee. 🤣

[@sociolocomtsac]

@@Ak47777-l Plenty of Amazon employees happy making $500,000, hence the higher average home prices in Washington.

[@joemartino6976]

A close friend of mine bought a house ($475K) in Sarasota in 2005 at a time when realtors were telling him a newly listed house would be listed and within hours it would sell. He bought it, unfortunately, right at the peak and values began to decline shortly thereafter. Slowly at first, and then falling off a cliff in 2008-09, probably losing half its value. It took until about 2014-15 before it came back to the value of his original purchase price from 2005. Florida is a boom-or-bust market greater than most. And the pendulum will swing back to bring averages out to a more reasonable number. Given the rapid speculation we've experienced these past few years, history suggests it will be a big swing.

[@bobwitter7319]

can you explain what is happening here in Ocala....they are building thousands of new houses and apartments....its crazy

[@rmbrugge]

New Port Richey too. It's CRAZY

[@kellykell9620]

Everywhere in Florida they are frantically building non stop. I talked to a builder and he said people are always moving to Florida so it’s always profitable to build and sell. The overall state inventory is back to pre pandemic so I’m just waiting for that price correction.

[@markpitchford7375]

No one is going to live in Cape Coral without a pool OR dock. The only reason to live there is for the docks.

[@nancygreen8186]

I was just a few blocks from the beach in New Jersey. I don't have a pool in Florida. I don't miss it either. I'd rather go to the casino or travel . When you are surrounded by water, oceans and rivers you don't really miss it. It becomes very common place. And some of family members had their own private beach but they sold.

[@markpitchford7375]

@@nancygreen8186 none of that is in cape coral. it's not near anything, and the airport in tampa or orlando is hours away.

[@cremedelacorn5356]

Fixed income households leaving the state because it has become way too expensive out here.

[@masca5]

This guy has been warning about this crash for many years! He was the first here on youtube. Congrats!

[@renechang2406]

He knows cycles. It's actually a little over due. It was prolonged by a few years.

[@Moneyman9]

Please make more videos providing information about Florida real estate. 🏡 Orlando is crowded; it's crazy! It takes at least 50 minutes to 1 hour to go anywhere, even if it's just 8 miles.

[@nameblocked]

About time. I don't feel sorry for the individuals or corporations that overpaid and contributed to the outrageous inflation levels we're experiencing.

[@TheSuccessEngineer]

Stop drinking the kool aid buster 😂

[@Stocklaw]

Lol. About time for nothing. Prices will go higher when the interest rates are cut.

[@doug10038]

Somebody who’s lived in Southwest Florida for over 30 years. These prices are absolutely ridiculous. They need to be lowered about 60% no one can afford these outrageous prices except for Yankees that are destroying our community. I believe the market would’ve already collapsed. It wasn’t for Wall Street buying up these houses. It’s just a matter of time before it all comes crashing down, but then again that is the level these houses should be selling for it is very difficult to make a living in Southwest Florida.

[@vietnamvet4533]

Yankees and where did you come from 30 years ago Hollywood?

[@eddieteabagify]

The answer is in your comment. These prices won't be coming down because private equity will continue to buy; propping up the market. If they take a loss it will be transferred to the commercial banks through lending agreements and then if the banks take losses the government will save the banks and we end up paying for it. Prices are not going to crash 40%. 10-15% max

[@Airbender-kl7cu]

Them damn Yankees...

[@Automedon2]

Florida has always been people selling their houses up north " Hey look. We can sell our house for 250,000 and get a better one for half that". Now they are as much as in the expensive Northern cities like Boston

[@NineFourOneMedia]

@@eddieteabagify PE won't be buying as much as you think as lots and lots of these HOAs down in SW FL are starting to limit rentals, both short term and 1 year. I own a house down there in an HOA which has cracked down heavily on that...I also have tenants who are grandfathered in. You now have to have lived there 2 full years before you can rent it out, and for no less than a 12 month lease term.

[@buffaloman5042]

Northport is crazy and still building too many houses..and also too many apartments built along I-75

[@jerryc5743]

This time, it’s different. Famous last words.

[@176103cw]

I think the condo situation in Florida is much more serious....The HOAs are a nightmare

[@craigbmm4675]

yup

[@plektosgaming]

100% correct about sellers wrongly holding onto the properties instead of selling and moving their money into something that is appreciating or working for them. Having "400K' worth of home that slowly grinds down to 200K, versus taking 300K and running with that elsewhere is why they never end up wealthy. A home is worth $0 until you actually sell it and use the money for some other investment. So when it starts to go downhill, the smart investor drop the price, makes a modest profit, and saves the 6-8 months or longer where their money is still tied up not working for them.

[@Joelewis148]

It's definitely alarming to hear about a default cycle, especially in the context of the housing market. Defaults can lead to foreclosures, and that has a cascading effect on the overall real estate landscape.

[@ryan_dylan6650]

While it's concerning, it's important to look at the broader economic context. A default cycle doesn't necessarily mean the housing market is completely finished; it might signal challenges, but markets are dynamic, and they can recover.

[@susanlisa3782]

But if more people are defaulting on their mortgages, doesn't that mean home values could plummet?

[@leonardives1991]

Yes, that's a possibility. An increase in foreclosures can lead to an oversupply of homes in the market, putting downward pressure on prices. It's the basic principle of supply and demand.

[@patricia_nura3378]

what can individuals do if thev're worried about the potential impact on their property values?

[@leonardives1991]

Now might be an ideal moment to reevaluate your financial status. If you're worried about your home's value, consulting a real estate professional or financial advisor could be beneficial.

[@Cinthia-gk3ip]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@braziinc6960]

YOUR CLICKBAIT SKILLS ARE ON PAR WITH THE NIGERIAN PRINCESS SCAM FEOM 20 YEARS AGO WORK HARDER AT YOUR SCAM OR JUST FUCKING STOP

[@Mikaeel84]

It's hard to believe anybody falls for this scam... Shame on you for trying to trick people out of their hard earned money.

[@pazuzuxx]

Im a realtor and every single one of my home sales has been over bid by at least $50,000!

[@adamkrauss303]

Where?

[@RayS-kp7hu]

You are obviously pricing your listings incorrectly costing your seller's money.

[@lindaSmith6588]

I will say many of the companies issuing ominous warning, McDonald and Starbucks, have just had record years. By over pricing their product. Their moves to reduce prices is exactly what our economy needs. And the companies are still solvent.

[@marytica123]

WE BOUGHT OUR HOME IN 2009 - in foreclosure, in Central Florida. People don't understand that Florida is plagued by "booms & busts" in the home real estate market. As for Cape Coral, keep in mind that it was hit by a major hurricane, which resulted in many folks deciding to leave. THAT BEING SAID, many long time Florida residents (like us) are considering LEAVING the State, due to: high homeowners' & auto insurance rates, overpopulation, rising crime, and lack of decent paying jobs.

[@GeorgeKelvin975]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart

[@AlfredJason57]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@TammyRosenfeld673]

She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states

[@HillaryNorman265]

You trade with Michelle Stewart too? Wow that woman has been a blessing to me and my family.

[@CathyDavis327]

I'm new at this, please how can I reach her?

[@Nancycook824]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@jeffersonjohns6397]

Reminds me of Port St Lucie, FL, back in 2008.

[@PolkShawn]

I’m a mover here in FL. All throughout the state there are more than enough houses for sale. People ARE MOVING but it’s in state. Downsizing and more people moving back in with their parents. Get ready.

[@davea4037]

Those houses in cape coral are like 75% over what they should be.......thats crazy..

[@TheSuccessEngineer]

And you are like 75% missing your cognitive abilities cause you pulled that out of your a$$

[@craigbmm4675]

yup

[@coldwarkid6611]

I was in the new construction marketing business in 2008. It's not that people don't know what's going on it's that they want to ignore the trend and they don't listen. I was telling my builders they needed to scale things back starting in 2006. Buyers were starting to take much longer to make a decision, interest in real estate was noticeably slowing and it was obviously turning away from a sellers market. People just didn't want to hear negative information. Developers and builders went broke who seemed bulletproof.

[@ralphc1405]

Best part of Florida: NOT having a Govenor or some Mayors suggesting "Opening" up our house to some impoverished and newly arrived "NEWSCUMMERS". Such a Liberal thing to say. Ron DeSantis is the opposite of Sleepy Joe. Let's Go Brandon!

[@cristo6007]

Nothing says Trump supporter like total illiteracy 🤡

[@befreebetrue]

Let’s Go Felon!

[@caitlynpotter]

I am so happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida, i bought my first house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Elizabeth Messer for helping me achieve this.

[@JohnnyClinton-wx9eu]

The very first time we tried, we invested $1000 and after a week, we received $5900. That really helped us a lot to pay up our bills.

[@ChanMingMason]

You trade with Elizabeth Messer too? Wow that woman has been a blessing to me and my family.

[@caitlynpotter]

she's mostly on Telegrams, with the user name.

[@caitlynpotter]

Annmesser15 that's it...

[@stephencullum8255]

We are one major hurricane away from a housing collapse. My dad told me in the twenties that is exactly what happen in Florida . He told me it took 20 years to recover.

[@oriollopez5150]

Cape Coral is not representative of the rest of Florida.

[@warrencrawley8300]

Even if these sellers sold their house made 300,000 minus closing costs and real estate fees bring it down to maybe 250,000 where are they going to go? At 7% interest

[@katydid2877]

@@DavidM-h7c Right? That would be smart. People are, however, often their own worst enemy.

[@sophiagertz1083]

I bought my first home at over 9%. 40 years ago. I didn’t buy a 500,000 home either. Houses are ridiculously expensive for blue collar honest hard working people.

[@mike2959]

More and more renting. Can’t afford to buy. As Grant Cardone says “You will own nothing and be happy”

[@Yui789esss]

@@DavidM-h7cjust like you have a great story, there are people that I know that sold back in 2020 and loss big time while inflation went through the roof and can’t get back in the market at 7% ….

[@katydid2877]

@@sophiagertz1083 I assumed a loan in 1986 at 12% and refied to 8%, but the house was $95K, not $695K. Housing is waaay overpriced.

[@RebeccaCarlos-po2ku]

I know many seniors whose single, childless sons have moved back home to take care of their parents. Those parents may not have qualified for long-term care or may just hate the idea of giving up their homes. I feel pity for our country. A lot of people are suffering to survive! I appreciate Gianna Everett! Imagine investing $2000 and receiving $6,500 in 4days.

[@HadrianZ]

Diversifying your investments is key to safeguarding your finances, especially in today's volatile economy. With $560,000 saved up, consider allocating funds into various income streams such as stocks, precious metals, and digital currencies. This strategy helps mitigate risks and ensures long-term financial security.

[@LuckyPrancingUnicorn-oh8sw]

Getting Gianna Everett to help me really helped me clear all my debits. I started with what I have left and it's been the best decision I ever made

[@FeliciaJagger]

Investing appropriately today can save you a whole lot of stress in the near future, so anyone who is not investing now is missing a great Opportunity.

[@EmmittGeorge]

You're right! The very first time i tried. I invited $1000 and after a week, I receive $10,000, that really helped us a lot to pay up our bills

[@EmmittGeorge]

I'm favoured, $26K every week! I can now give back to the locals in my community and also support homeless and folk's with disabilities all thanks to Expert

[@spartakus8443]

It looks or is the same or worse than 2008 because the builders, if they built them with loans, will have major consequences if they don't sell them quickly, the source will dry up and then they will have to run after the loss. And in my humble opinion we will still see more rate rises, before it gets better it will get worse.

[@misterringer]

Yeah I think their debt service is starting to squeeze them. A builder here in the Nashville area is trying to presell their model home and require a 12-17 month leaseback so they can still show it. They need it off their books which tells me they might be about to default. They are still being stubborn on price though.

[@ReventureConsulting]

Thanks for the comment! Good points.

[@plektosgaming]

AND - these are the same 20 or so companies that are building everywhere. So them failing in Florida puts pressure on every other city they are in until their company collapses. Or sells at basically cost to keep afloat.

[@brianmatthews4149]

Who remembers 2008 and a hgtv show with vanilla ice and his crew rehabbing the mcmansions back there They were selling for almost half price.

[@denny5564]

Florida once was a good buy. But, today it is outrageous. Plus the insurance and taxes are twice as expensive.

[@dougtso4126]

Always accurate and informative👍

[@ReventureConsulting]

Thanks for the comment!

[@profitmix441]

Come to central Florida so you can see all the upcoming construction

[@jtpalooki7757]

And that tells you what? Not just in central Florida genius, it’s all over Florida! Look at the house listings in your area.. if it’s like where I am, hundreds of houses are on the market. More people are moving out than coming in!

[@mauriz8120]

beautiful houses but the electrical wires above ground are such a turn off. Cannot understand why over the last century every nook and cranny of our electrical grid is not buried under ground.

[@breadnaut3087]

Simple, cost.

[@mauriz8120]

@@breadnaut3087 na, it can be done section by section. These utility companies bring in the revenue . They are constantly having to repair the grid above ground. Would be a great savings to bury the grid.

[@ReventureConsulting]

Didn't even notice that when I was there. But you're right. Buried lines are much better.

[@LarryCairo]

Great National Infrastructure Program, bury all the power lines.

[@littleredhen3354]

Because Red states used the infrastructure money they took from the Federal government to line their own pockets, as per usual.

[@IWroteItInPen]

I live in that area. It’s crazy. They are steady building still even with tons of houses not selling.

[@KChrisWatching]

Anywhere South of Virginia is too warm, period. Moved from NY to NC over 30 years ago and miss the seasons, but was happy about prices being 1/2 of what they were in NY. Now prices have caught up but not incomes. The data provided on these videos is very helpful-less house is more stability.

[@kellykell9620]

The crazy thing is that inventory is so low in the North East that people are selling there for like 800k and coming down to Florida and still buying these overpriced homes. Sellers are just waiting for one of these buyers.

[@igors615]

When I inform sellers about overpricing as an appraiser or agent, they assume that I am bad real estate specialist😅 What do we know right. Good stuff, keep going man.

[@speteydog2260]

I don’t think real estate agents know everything. Nobody does …

[@brandiepage1608]

No one can afford to buy. We make over 70k a year and rent is killing me. And its actually going up. 3 bedrrom starts at 2000 per month or more

[@4202dbb]

Why would anybody buy a house no matter how good it looks with those powerlines in front of all the homes that is crazy that they don’t bury them. I would never buy a house with powerlines showing.

[@arcstatic8950]

Nothing like 2008... This is a healthy market correction based on supply and demand. 2008 was based on massive amounts of toxic loans.

[@Gmac_Greg_M]

100%. He doesn’t know what he’s talking about. Inventory is a small part of a complex equation. NINJA loans are illegal now for average buyers and nobody was taking out ARM loans when interest rates were low.

[@arcstatic8950]

@@Gmac_Greg_M $COOP!

[@MolotowCocktailParty]

So, this is from the FDIC Report of the first quarter of 2024: "Unrealized losses on available-for-sale and held-to-maturity securities increased by $39 billion to $517 billion in the first quarter. Higher unrealized losses on residential mortgage-backed securities, resulting from higher mortgage rates in the first quarter, drove the overall increase. This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in first quarter 2022." Are you sure?

[@Gmac_Greg_M]

@@MolotowCocktailParty They are only losses if they are not held to maturity and traded off. If they are held to maturity then it will be a guaranteed profit.. This is expected as interest rates climb so the underlying MBS that was issued during low interest rates will obviously be worth less compared to MBS that are being issued now when interest rates are much higher. Again if the banks hold onto them until maturity it will be guaranteed profit as long as there are not mass foreclosures on the underlying mortgages in those MBS’s. So no this isn’t the same as 2007.

[@Michael-li3id]

yup! clinton administration put pressure on banks to issue loans in red zones. Those people had no business getting approved

[@deeplorable8988]

That has to be the most charming and aesthetically pleasing neighborhood I've ever seen.

[@alyross2850]

You gonna put an LOL after that?

[@davidanalyst671]

this place looks hot, swampy, the trees look like they are dying from too much water, the telephone poles are in the middle of their yards, and not at the edge of the road, the houses look flat, and boring, that one house was a bunch of vertical concrete slabs. Bro you nuts. Go google Pennsylvannia, upstate new york, montana....

[@novadhd]

really? Lack of trees and overhead lines. You shoujld see my hood

[@deeplorable8988]

@@alyross2850 🤣

[@mikem.1107]

Vintage Florida!

[@jamesa5720]

They cut the price by 32% on the home builder house because they forgot to build a roof.