Is Puerto Rico Heading For A Housing Market Crash?

[@sebacortina8864]

Hey Robert, I liked this video alot, I was born and raised here in puerto rico and currently me and my father own over 10 short term rentals, and we are looking to acquire more. Puerto Rico is a great market, and things are looking better for the future of real estate here.

[@even-keelvibez]

I am looking to invest in Puerto Rico one day.

[@TheFlipFlopFlipperPR]

Thanks for commenting and congratulations on your success.

[@TheFlipFlopFlipperPR]

That’s a great plan. Start as soon as you can.

[@even-keelvibez]

@@TheFlipFlopFlipperPR my wife and I love San Juan. We hope to build enough wealth to invest in the real estate there and hopefully move there.

[@Pilot597]

I’m native Puertorrican and must admit I laughed so hard at you calling GringoLand to Dorado and Palmas del Mar 🤣. By the way, thanks for what you did in Rio Piedras with that building.

[@TheFlipFlopFlipperPR]

Thanks for watching and commenting.

[@kpinkkpink]

@@TheFlipFlopFlipperPRfirst time on your channel. And yes Rio Piedras needs to be prosperous again. 🙌🏻🙌🏻

[@frankstipes4114]

ABSOLUTELY NOT!!! THERE IS A NEED FOR MUCH MORE HOUSES IN THE ISLAND!!! WE NEED MORE HOUSES!!!!!!

[@TheFlipFlopFlipperPR]

Agreed!

[@joesisco8921]

Hi Robert I wanted to get your thoughts on the significant number of Puerto Ricans leaving the island each year to the States. Many seem to be driven by challenges such as the lack of good job opportunities, issues with the power system, and political corruption. In your opinion, are these factors impacting the housing market on the island? Additionally, given that most of those leaving are between the ages of 20 and 35, it seems the population remaining is largely older. How might this demographic shift affect Puerto Rico in the long term? Looking forward to hearing your insights.

[@Xx-8374]

He won’t answer, people like this are literally part of the problem. Wake up

[@TheFlipFlopFlipperPR]

The amount of people leaving the island over the last couple decades has been staggering and has definitely impacted the economy and the island itself. Not just in real estate prices. Our channel tries to spotlight opportunities that could hopefully attract some of those who left so they consider coming back to the island. Also for the last 5 years or so the amount of young people leaving has decreased. Hopefully that trend continues. Thanks for the question and I’m happy to continue the conversation if you have a follow up.

[@Xx-8374]

@ colonialism and everything the US has done to prs has impacted the economy, people etc, you guys love to speak on things you have no idea about. You fail to see how much harm you are causing. Prs will continue to fight against gentrification and leeches like you. Act 60 will be abolished soon

[@Xx-8374]

@@TheFlipFlopFlipperPR colonialism and everything the US has done to prs has impacted the economy, people etc, you guys love to speak on things you have no idea about. You fail to see how much harm you are causing. Prs will continue to fight against gentrification and leeches like you. Act 60 will be abolished soon

[@j.s9144]

@@Xx-8374 The American found an opportunity here in Puerto Rico and is teaching Real Estate investors (Outsiders or Boricuas) to invest in the Island. What are you giving to the people? Victim hood, depression and oppression, that don't exist? Do something for the people, and stop complaining about everything you don't know. Despierta!!!!!

[@marilymunoz4214]

Excellent explanation, always right because you are outside on the streets

[@TheFlipFlopFlipperPR]

Thanks for watching?

[@TheMariomcc]

Loved this episode

[@TheFlipFlopFlipperPR]

Thanks

[@ismaelrosado6411]

PUERTO RICO is not for sale!!! stay away please

[@TheFlipFlopFlipperPR]

Why don’t you want the island to improve? Don’t you know that the island has a housing crisis that can only be fixed by improving the existing housing that has been unlivable for decades?

[@Save_the_Stick_Shifts]

Maybe the displaced locals can finally come back if this happens

[@TheFlipFlopFlipperPR]

Do you think it’s more likely people who left the island will come back if there is a crash in the market or if the island continues to see growth and opportunity?

[@davidclaudio2473]

Do you think the inherence laws will change to open up inventory?

[@TheFlipFlopFlipperPR]

Great question. I don’t have a crystal ball but if those laws change it will not happen quickly.

[@carlosencarnacion9667]

One detail that the promoters of Actt 22/60 do not tell US settlers, is that, by law, once you become a Puerto Rico resident, you renounce your rights to equality. It is illegal for Puerto Rico residents to vote both in US elections and PR elections. Once you become a resident, your home of record is Puerto Rico, and US laws do NOT apply equally. Your right for representation in the House and Senate are curtailed, your right to elect the president no longer applies, and if you vote there while living here for more that 185 a year, you are breaking federal law. Remember, the pro statehood party, PNP, created act 22/60 in order to lure in replacement voters and saturate the island with voting foreigners (in a domestic sense, SCOTUS said), like in Hawaii and most incorporated territories, while locals are being forced to leave the island due to shitty quality of life, shitty employment conditions and scarce availability of affordable housing. Discontent is growing here as it was shown by the results of the last two elections where the pro statehood PNP lost its supremacy and absolute majority and the independence party grew from 2% to 33%. YYUP! WE believe in the spirit of '76, get rid of the 50 tyrants and be free.

[@TheFlipFlopFlipperPR]

Those reasons you state were part of the decision for us not to become act 22

[@frankstipes4114]

Puerto Rico has no appropiate banks today!!! There are no "bankers" but "paper pushers".... The island has a lack of about 100,000 houses...

[@TheFlipFlopFlipperPR]

More than that. Maybe as many as 250k

[@Pilot597]

@@frankstipes4114 the island used to have a big financial sector back in the 90’s but they were the first ones to run away when section 936 expired in 2006 and billions of dollars evaporated from the economy. Now you only have 3 big banks who basically don’t compete for customers.

[@frankstipes4114]

I totally agree with the authors opinion!!!!!!

[@TheFlipFlopFlipperPR]

Thanks

[@DonJTR]

You are all horrible. The natives sooner or later will grow tired of this. The higher than ever vote for independence in the last election says the way things are headed.

[@TheFlipFlopFlipperPR]

Thanks for commenting but what’s your point?

[@carlitosway6635]

Thanks for the great content. A lot of value provided. Are you planning on doing seminars soon? I would like to invest in the west side in PR.

[@TheFlipFlopFlipperPR]

Thanks for the comment. I just moved west and hope to invest more on the west side over the next few years. We have a couple of communities on Skool and we have live question and answer sessions each Monday on KZbin plus we teach a masterclass every Thursday night in our Apex group on Skool. Copy paste this link and join our free group. Send me a direct message after you join and we can schedule a call to get to know each other a bit. I’ll be glad to answer questions you might have. www.skool.com/flip-flop-flipper-real-estate-3111/about

[@richardgonzalez2360]

The property in rio Piedras Can't sell ?

[@TheFlipFlopFlipperPR]

Which one?

[@andreyeampierre2377]

The moral and ethical thing to do would be for foreign investors and tourists to stay away. Outsider financial institutions intentionally maintain economic disparities to benefit from exploiting the local workforce. Just owning rental properties is a form of work exploitation. That's not hate... it was normal in surfdom style authoritarianism govts. Investors can't empathize with the economic struggle because the divide doesn’t expose them to the lived struggles.

[@TheFlipFlopFlipperPR]

Sounds like you don’t like capitalism. Is that true? If so what system do you prefer

[@YaziellVargas-k2p]

@@TheFlipFlopFlipperPRit’s not about not liking capitalism is the fact people who actually live in the Island just can’t afford to live there anymore.

[@reinaldosanguino]

Can't wait to move there in 2025!

[@TheFlipFlopFlipperPR]

Amazing!

[@carlosencarnacion9667]

Home prices have been jacked up by cash buyers, air B&Bs and expats living here, crappy hones get a facelift, like putting makeup on a pig, and those crappy repairs will start bursting after a while, Many unsuspecting buyers will be left holding the bag when the market corrects or crashes.Then prices will be low and the whole cycle starts again. I have seen a $15,000.00 original price home being sold for $150,000.00. I'll have to wait for the down cycle to buy, that is, if Trump doesn't cut federal funds to the island, he does not like us.

[@TheFlipFlopFlipperPR]

Thanks for commenting with your opinion.

[@amgooder]

13 million visitors/ tourist this year!

[@TheFlipFlopFlipperPR]

Wow that’s a big number where did you find that statistic

[@TheFlipFlopFlipperPR]

What’s the real number?

[@Xx-8374]

@@TheFlipFlopFlipperPR it’s less than 5 million visitors

[@TheFlipFlopFlipperPR]

Thanks where do you find that information? What do you think about the tourism industry? Do you think it’s good for the island or not good?

[@j.s9144]

I live in Puerto Rico and I have learned a lot from your videos. Thanks for your knowledge. Hope you feel at home here at the island. 😊

[@Xx-8374]

He is part of the problem

[@TheFlipFlopFlipperPR]

Thanks I appreciate you saying so. We have felt welcomed and the island has become home for us over the last 7 years.

[@TheFlipFlopFlipperPR]

Which part?

[@j.s9144]

@@Xx-8374 So you are not the problem with that mindset? Stop complaining and learn. ☺️ Enjoy life and freedom.

[@TheFlipFlopFlipperPR]

@@j.s9144I don’t know what you are saying.

[@jcmelendez323]

I just saw the new 2025 section 8 chart. All rents dropped around 4-6% from 2024 rents

[@TheFlipFlopFlipperPR]

I had not seen that. Hopefully that’s in response to more inventory on the market and a sign that rents are going to drop a bit.

[@FLAC2023]

Yes

[@gberrios123]

I'm going to try to buy a property this year to invest. Hope to find a good deal.

[@TheFlipFlopFlipperPR]

What type of property are you looking for?

[@richardgonzalez2360]

Bob I spoke same person . Let's get together happy new year

[@TheFlipFlopFlipperPR]

Happy new year!