My struggles with buying my first home in Orlando - The Florida housing market is crashing bad!!

In today's video I explain my struggles with buying my first home here in Orlando. I also discuss the current housing crisis that is happening in states like Florida because it's getting bad. I show you exactly how bad it is across Central Florida with insane price cuts, builders are packing up and stopping new construction, and rentals are reducing in costs. I also discuss the best areas to live if you are thinking about moving to Orlando and living near Walt Disney World. Finally, I show you a property that I came extremely close to buying because of the crazy price reduction. Thank you so much for watching, if you enjoyed this video please give it a big thumbs up!
Hello and thank you for checking out the channel. I make brand new videos three times a week from different places around Florida and beyond. My main focus is to make you feel like you are at your favorite theme parks such as Walt Disney World, Universal Studios Orlando, Universal Studios Hollywood, Disneyland and more! I also help with tips and tricks to navigate your way around the parks. Plus, every now and then I will show you what is happening in my daily life. I keep you updated with new information from the theme parks, hotels, cruising and more. The goal here on this channel is no matter what you are going through good or bad that you always can click on my videos and relax and forget about everything that may be going on and to be fully immersed on whatever adventure we go on together.
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[@austingirl39]

Many are moving back due to employers insisting they go back to work at the office...and many didn't believe how bad hurricanes truly are

[@rculture]

Yet they still insist on building homes of wood 🤯

[@annabbott1963]

Yeah we had several neighbors move during the pandemic because they thought wfh was forever. I wonder if that worked out for them. Glad I didn't gamble as I am back in the office

[@barbaraknight7374]

I hope the two of you find the house of your dreams! You deserve it!

[@PCDev]

Thank you so much!

[@noreenn6976]

​@@PCDevyou're being very smart by waiting Dev!

[@ThizChicoBeaTz_]

Been in Florida my whole life and what a feeling when you said people are moving out lol I’m glad you did this video, thank you for sharing to the rest of us. Very informative video

[@noreenn6976]

I enjoyed this video too!

[@elprofeta110]

Great video thank you for sharing! I am super excited about how I got retired earning more income. I am now able to afford anything for my family even with my Retirement. Imagine Investing $3,500 and receiving $23,300 profit in 5 days. Has been life changing, after so much struggles.

[@marcosvg90]

Hello please how do you make such weekly?? Please I really need assistance I feel so down of myself because of low finance.

[@elprofeta110]

@@marcosvg90Maria Angelina Alexander I really appreciate her efforts and transparency.

[@elprofeta110]

Giving her my initial savings of $3,500 to invest in a brokerage account was a turning point in my life less 5days. It's been an incredibly rewarding experience.

[@elprofeta110]

After I raised up to $360k trading with her l now own a House and a car here in the states. Myself and my family we are extremely happy..❤

[@elprofeta110]

God has used her to save so many families. I remember when I met her at the bank, she was indeed a good woman..

[@theseamazingplaces]

The housing market in central to south Florida is more than the average income can afford. There is no room for building equity. This is also an election year, and things always freeze in an election year. Next year things will either take off again or they will die. Buckle up!

[@brantnerk2]

If you’re looking for new construction starting at $200,000, look at Middleton - it’s an hour from Disney and owned by The Villages, but is for young adults!

[@JP-xq7fo]

What is the HOA? $1,000?

[@DisMindy5767]

​@@JP-xq7fono

[@DisMindy5767]

Yes! We bought in The Villages. We're close enough to Orlando but not too close. Middleton is adorable and so affordable. I wish my kids would move there! At least one would be great. 😅 edited to add Middleton is attached to the Villages but for young people.

[@amytraveltrails8735]

Do all of these properties you showed us have an HOA and how much were the monthly HOA dues ? thank you

[@noreenn6976]

​@@DisMindy5767Middleton is a good suggestion. The bond, card, taxes and amenity fee needs to be considered in the costs.

[@opchak]

Buying a house is like buying stocks. Don't buy at the top of the market. The housing market pops every 10 - 15 years, just wait for that to happen.

[@noreenn6976]

Agree, it's all about timing. Not everyone wins in real estate

[@nitroneonicman]

Exactly. I'm in Orlando, renting until things come back down to earth

[@linger4605]

😔 Oh Dev, as a millennial living in Southern California, I feel your pain. If I were in your shoes, if you're comfortable where you currently live, I'd wait it out until the bubble bursts (possibly.) I absolutely wouldn't recommend paying a $5k mortgage. Please think everything through realistically. I wouldn't want anything bad to happen to you. Keep your head up.

[@foxhound34]

Buyer Beware. Many builders are cutting corners left, right, and center in order to build the houses as quickly as possible, sometimes building them just good enough so they live just past the two year warranty. I would highly suggest getting a home that is at minimum of 5 years, but older is actually better. Good Luck.

[@PCDev]

I have heard about this and it’s crazy! But you are absolutely correct. Make sure you hire a professional home inspector!

[@noreenn6976]

​@@PCDevYour thinking smart Dev. Inspection is mandatory. I would not buy in an empty community, resale concerns.

[@ericfrans5704]

Good for you on having the patience to wait for the perfect house for you. A low mortgage payment is a must because taxes and insurance will always go up. You don’t want to be house poor and not to be able to travel.

[@geraldclay8552]

For what it’s worth- my first home purchase- 1998- was brutal. A tough lesson- my next purchase- 2003- much much better. Stay patient, and receive your blessing.

[@austingirl39]

Yep...we bought at that time...should of known better 🤦‍♀️

[@PCDev]

Thank you!

[@CommissionsOnFire]

Not to mention I'm seeing a lot of the HOAs very high and that's a huge cost that most people don't take an effect at the price that they see for the townhome or the homes with an HOA

[@PCDev]

Great point!

[@traveldemons]

Home insurance is going to hit hard. Sometimes they lock you in cheap the first year then bump that premium on renewal

[@PCDev]

Yes they sure do!

[@EscapeAndChill]

@@PCDev if you have a grandpa or a grandma or family member close to you that has served in the military you can tap into USAA for insurance and, also I use Navy Federal credit union. So there’s other options out there.

[@danieljustdaniel9550]

our 1st year $750,2nd year $1300

[@Scole614]

I love how you called out Kyle. Celebration is definitely not worth the high sticker price for what you’re getting. I was shocked to see how much he lost in less then a year.

[@rsmith8434]

My husband and I were extremely lucky when we decided to move to Florida and buy a home in 2014. Interest rates were at an all time low and we ended up buying a 3100 sq ft house that was only 8 years old at the time. It came fully furnished with a pool. We had thought about buying into a new gated community but the HOA fees would have been $500 a month on top of a much larger mortgage payment. We have had to make a few upgrades but at least we are in the positive and not swimming in debt.

[@Hexecutable]

Yo Dev, do more of these types of house hunting videos for sure. This was pretty cool

[@darleneyost8146]

2015 We rented a home for our trip to Disney, I traveled with a disabled brother, so we needed a home that was one level and a room with a shower, we found a rental for the week in Clermont in a gated area, yes it was cookie cutter, but it was one level had 4 bedrooms, a separate room for my brother plus a Master with a separate tub and shower, and 2 other bedrooms on the other side of the home from the master, plus a pool and with bird cage. and a garage. There was plenty of room for 5 of us. We didn't use one of the bedrooms. 3 bathrooms. It looked like the other homes on the street, but inside it was a nice home, nothing extravagant. Just a nice cozy home. That was the first time I was in a Publix, and beautiful one it was.

[@txterbug]

Don’t ever buy anything over 3%. Just wait it out. It’s not worth it. $5500 for a mortgage is insane. We can cover all of our bills for about $2,000/month including mortgage. $250k house at 2.8%

[@Hexecutable]

Got mine at 3.2 or something like that and my payment is the same per month. Heck it even went down 30 bucks last time it renewed, ive never seen that. I live in southern louisiana too. I cant imagine what it would be like to buy right now with these interest rates.

[@jenschoener3755]

Our first house the interest rate was 6.75% . We were 23 years old and thrilled to get that rate in 1999. We live in Washington state, the house we bought for 288 is worth over million here...a million I wouldn't pay for it. We have looked at the Florida housing market a lot.

[@SherilynDavis]

I am also from Washington state and looking to relocate to Florida.

[@brixalpha]

Yes it's not the rates slowing the market it's the price. Similar but was able to move to Texas in 2020 and got a super low rate and refied our home in CA.

[@nitroneonicman]

I know a few people from Washington State who've moved to Florida recently. They love it, but they also work remote. One of the big things to be aware of is the difference in wages here in Florida. Cost of living is high here relative to local wages.

[@meatiethatsme2471]

I hope that friend is not Kyle who lives in Celebration. I wish the best for you all. Hope you and Bianca find your dream home. You guys deserve it.

[@deepblue523fl]

You'll know when you find the right home. Your mind is in the right place. Good luck man!

[@RedSox8385]

That house certainly doesn’t look like a $5600 month mortgage lmao. I build houses in North Florida for around 250k, custom houses vary on what you want to do. People don’t even consider the area I live in, they want to live near the parks and the city, been there done that years ago. I’m two hours exactly from Orlando and couldn’t be happier, mortgage is less than 2k a month and my homeowners insurance is 1200 a year.

[@CommissionsOnFire]

@@RedSox8385 Where are you located? 😳

[@ahf5471]

Location, location, location….

[@CarolCityCane305]

How the F is your insurance 1200? Who you got citizens insurance?

[@bethanywashington1243]

I remember when you could get it that cheap in NC but everyone and their mothers moved there or brought up homes there now it’s just as unaffordable as other states. I remember back pre 2010 living in Virginia, being jealous that ppl in NC could get the same home for tens of thousands cheaper. Now it’s at the same rate.

[@RedSox8385]

@@CommissionsOnFire Just outside of Gainesville in a small town called Hampton. No one ever considers living in the smaller towns up here, everyone wants to live near the big cities lol. I got a 1900 sq ft house new construction for 269k on .6 acres, you can’t even sniff that kind of thing near Orlando

[@daniellemackie]

We bought our house in 2018, our mortgage rate was 4.7%. Then in 2020 we refinanced, finished our basement, and got a 2.4% interest rate and will never refinance again lol. I can’t believe how high homes are now. In NH the prices of homes are out of control. Our house is about double what we paid in 2018. It’s crazy

[@Secret_F4ce]

I've been in the mortgage business since 2004. I can tell you, there is a lot of conjecture and misinformation being tossed around in these comments. My advice would just be to beware of uneducated/inexperienced opinions. And I don't know if you've been at least pre-approved for a mortgage, but it's worth at least seeing how things look. The process costs nothing and takes 30 minutes of your time total for application and docs.

[@debkrutsch6197]

I think your patience will pay off for you and Bianca. You will find your home and it will the right one for you and your family. Do not ever settle. Sending prayers you will find the right one

[@jasminemp]

Come look in Longwood & Winter Springs. I’m from Cali & NY and I personally would never move back. 😊

[@stillwaters4097]

Orlando is so unaffordable right now. I moved out to Seminole county to find something more reasonable.

[@jenniferh1416]

Parts of Lake County are reasonable too.

[@DavidThompson-mn3rc]

Great information Dev. I live in Miami and we have the same problem down here. Lots of empty properties just sitting empty. Much is just unaffordable.

[@antoniobranch]

I love Northeast, Ohio. I can visit Florida, California, Las Vegas, the world, for that matter. Because the property here is very reasonable.

[@rippleyunicorn7321]

Date the rate, Marry the house

[@wolfdogrex5273]

5k monthly mortgage is definitely not something you want to find yourself in. "There's a time to buy, just like there is a time to rent"

[@avisgaines2470]

Hi yes I would love to see some rentals. And thanks for showing the houses they are beautiful. Have a great day

[@turquoise_sky]

Dev, have you looked into what your homeowner insurance rates will be? Mine has gone up $1,000 a year for the past 2 years. 🤯 I’m not sure how much longer I can afford Florida.

[@ScottBuckets]

You’re doing it right. Don’t rush. The market will come down a little bit. Interest rates will drop a little bit. Also, take advantage of ALL the first time home buyers programs. I bought in South FL 12 years ago and had a lot of help when I needed it. Lastly, try not to jump into some huge home. Start modest. Think about property taxes and insurance. It adds up quick. Take your time. The right deal is out there.

[@toeleven]

Agent here... With all the inventory, you should be able to negotiate rate buy downs with the sellers, if they are motivated.

[@DavidSeymourOfficial]

I feel ya man on literally everything you said. I can afford some of these houses today, but in a couple years on a non-guaranteed youtube salary? Who knows. And the seller GREED. Freaking disgusting. No Linda, nobody wants your 1970's cookie cutter tissue box for $800,000. I've been looking since covid and the rampant appreciation on these basic, outdated houses has been nauseating. I never like to root for other people to struggle, but all those that bid 100k over asking and waived all inspections and contingencies just to beat out others..... good luck.

[@Just1Jenn]

Thank you so much for doing a video like this. The information you provided was so helpful as I am looking for a home.

[@codybrown9401]

Housing is not crashing, it's normalizing from being severely undersupplied. The interest rates will slowly come down as the Federal Reserve is cutting rates now. People are for sure not moving back to Jersey or New York. New York has had the biggest decline in population in the US. It was a smart decision to hold off as it will become more favorable as the rates decline.

[@Toni-747]

Stay strong, Dev! Stay positive! Love your channel ❤

[@duckburgduckworth512]

Hi Dev, We’ve given up hope on ever owing a house. With our student loans and paying high rent doesn’t allow us much left to save. But we wish you luck.

[@PCDev]

Student loans are the freaking worst!

[@notlegitkoolaid4911]

what degrees do you guys have? Sorry about your situation

[@duckburgduckworth512]

Finance Degree.

[@rickclimenhaga7821]

I was working for Disney when I bought my house in Clermont back in 2004. Clermont has blown up and the value of my home has gone way up as Clermont grows. Remember a house is an investment and you should be very picky with what you want. I went through the last housing crash and I went from having equity to being severely upside down, I'm back to having equity. Its a long game unfortunately. I got lucky I love my house and my neighborhood and have a quarter acre. All these new homes are being built on top of one another and are way overpriced in my own opinion.

[@MeYes-t9m]

I dream to live in Fl for 25 YEARS but with insurance rates, hurricanes & now you made me realize my neighbors could be investment vacation properties!!!! I want neighbors!!!

[@kathleenmary1000]

Crazy out there. Patience. Enjoy the search. You'll absolutely find the perfect house at you budget 😊. All the best of luck and joy in your search!!

[@bencochrane267]

You are being smart in your decision , Dev . Patience is key . Also, you should look at Davenport / Haines city . I am 25 minutes from Disney and there are tons of new construction homes here in low $300’s. Good luck!

[@nanimoku2550]

Aging myself here…we left Ft Laud for TX decades ago for the very reason you are talking about. Buildings were sitting empty or half constructed and jobs were not as easy to find. Central and S FL are still very transient and housing depends on that. Personally, I feel you are being very smart to wait. While home prices may take some time to correct, interest rates may come down a bit faster. Thanks for another great video.

[@Ree-07-luvsfood]

Great informative video, Dev. I would like for u to do a video about rentals and townhouses. Thank you 😊

[@aprilnasworthy4669]

I know a few people who are moving here to Georgia that are snowbirds instead of Florida. Nice and hot here during the summer but at least you get a good winter and the housing market is better here.

[@RobertoMezquiaJr]

Craziness. We lucked out and bought just before this madness. We moved from S FL to Palm Bay. Got a new construction 4/3/3 for $266k, our interest rate was slightly higher initially but we refinanced and dropped it 1% and had enough equity at that time to knock off PMI (required insurance if you owe more than 80% of value). Good thing is we're only 70mins from City Walk, 80mins from Disney stuff, 45mins to Port Canaveral, 2hrs to Ft Lauderdale, 2hrs to St Augustine. Basically all of the places we go to often. The only place we wish we were closer to is some of the Springs. The closest spring is 1hr40mins. Brevard is growing really fast and I think it's a decently central location.

[@ChroniclesofChard]

Great video Dev, I would love to know more on the Orlando property market. Be good to see where the best locations are in Orlando with obviously being close to the parks. Your honesty is very helpful.

[@leoabel]

My husband and I are thinking of moving to Orlando. We’ll definitely follow your saga. It’s gonna help us out a lot.

[@armyavi8tor]

We bought a starter home in 2018 as our family grew we bought a bigger home and made money from the sale of our first home as its value grew. In 2021 we sold what was supposed to be our forever home and moved to clermont. We made good from the sale and it served as a good down payment for our current home in clermont. Our builder gave us a lot of incentives, we bought our rate down a whole point down to 5.0 on a VA loan. Between the builder and finance company they gave us $25k for closing, buy down etc. our mortgage is higher than our last home, but the rate for the time was good. Lake county is still a bit more affordable than winter garden and it’s growing like crazy. It’s far enough and close enough from the touristy areas. New home builders normally have good incentives, but you need to shop around. Also read your reviews on the builder and their finance company, as they might look great on the outside, but the process could be a nightmare or worse end up with subpar workmanship. We bought through Taylor Morrison.

[@PCDev]

Thank you for sharing your experience with me. That was a very smart move! I actually found a really nice fixer upper in a great area and I would love to fix it up live in it for 2-5 years and do exactly what you did from there.

[@noreenn6976]

Be sure to get the home inspected. Doesn't matter if it's brand new, get it inspected. Good luck with the search Dev.

[@Coastersandpop]

As a Brit it’s always crazy how much space you get for your money in Florida, however it seems no matter where you are, you need to be a driver to be able to live there.

[@haleydorman]

Great video!! I would love to see more like this, and also your tours around different areas of Orlando/ Florida. 😊

[@wickedwood04]

This is FANTASTIC advice for many people. You should always listen to your gut when making a purchase if it doesn't feel right. I hope your youtube career continues to be successful and continues to grow but $5500 a month for a mortgage payment seems crazy but it could be just what the market is like down there versus where I am at in Indiana. I am not sure if this video will get the most views but it will definitely help some of your viewers out that hasn't been given financial advice before when it comes to home buying. Any way just wanted to say great job from a long time subscriber.

[@jbarkley4938653]

I don’t care what no one says. A house is not an investment, it’s more of a liability. Been there done that. I’ll stick to my rent . The freedom to move around is priceless. Don’t forget to put a lot of money to the side for future/present maintenance no matter if it’s a new built.

[@beckstairs]

Great informative video . And would love to see more. Extremely helpful for those of us looking to move in those areas. Thanks , such a great video ! 😊

[@JGREGO201]

Hey Dev, this is a great video, not too many people do these and if they do, they show you something expensive or that's not an eye popper. I myself would like for you to do more of these.. If I could afford it, I would only look at apts, and homes. I lived in 2 townhouses and you could hear your next door neighbors and I wouldn't live in any HOA's, those people make it to where you can't do anything that you want to do. That home that you really liked was very nice but not for the price and I understand that economy is terrible but believe me, it will return to be better. Anyway, thank you for this vlog and I look forward to seeing more, as always, stay safe and stay blessed my friend

[@voiceoverguyharris]

Wow, everything is so expensive. Good luck Dev

[@BrandonIslander]

Dev best of luck with your future home search , all the best to you and Blanca!

[@juliannesmith1612]

I appreciate your video. We bought our house in NJ two years ago and I wish I had listened to my panic attack. I wanted to move to FL but because of my kids I don't want to raise them in FL Crazy I know, I have my reasons. Maybe I'll retire out there

[@FrankG5874]

New Jersey is a better state for schools, and for people with disabilities.

[@Creider867]

We live in Virginia and own our home. We’ve been in it 4.5 years now but we just want the freedom of travel and less maintenance so we’re selling our house and renting a beautiful townhouse for less then our Mortgage was and its bigger then our home. The markets great up here, and we’ll come out with well over 100k equity in just 4.5 years We used to live in Florida 5 years ago but honestly I could never do it again

[@PCDev]

That’s incredible! Congratulations. I will say it’s amazing having more freedom to be able to travel because of renting.

[@SherilynDavis]

Thank you so much for the information. I am 56. I will be selling my house and relocating from Washington state to Florida within the next 16 months. I am a Universal Orlando annual Passholder so I’ll be looking more towards the Orlando Universal area to finish the last five years of my government retirement.

[@TreyDaze]

My home insurance (Chubb) in Florida just went from $4,000/annually to $10,000/annually and I’m not even in a flood zone.

[@PCDev]

Whoa! I’m sorry

[@Kimberly-fj5rg]

The rental crisis is happening all over the country. A 2 bedroom apartment here in Albuquerque NM starts at around $1700 a month. I know so many people lose their apartments due to a drastic increase in rent prices. I am a single mom, moved into my apartment with my 2 kids in 2018 and my rent was $875. We lost that apartment a year ago when the property went through several different owners. And my final rent payment was $1750. Also this complex was in a pretty good area but the units were 40 years old and looked very worn. But yes, that would be great if you could do a video about rental properties in that area!

[@finned958]

No HOA. You don’t want an overseer or Karen watching over your home. No condos. Try to avoid flood zones. May be hard in Florida, but have a good realtor looking for your interests.

[@lilipad56]

$5600 month mortgage gave me a heartache hearing you say that. Im a local and that's way too much for my blood. Its worth being patient during the buying stage process and SAVE. I purchased my house 2018 around the Davenport area (20 mins) away from Disney. I would recommend to search for other lenders and not stick with the one the realtor offers to see what's the best offer.

[@bonitak8483]

I am a native New Yorker and have lived here 23 years, but I would never buy a home here especially now. Dev, please, please, please wait for the market to change or move to another state. You will get a better home and you might get lucky with insurance. That mortgage is insane!

[@Bald_Sauerkraut]

The market here has to reach a tipping point, it’s insane right now. My home has gone up 100% in value since Dec ‘19 right before COVID. I seriously don’t know when there’ll be Florida left, and when people will no longer be able to afford to move here.

[@sarahthompson5066]

Very, VERY wise. Don't rush into a purchase this big! Smart young man. Well done.

[@mariangomz7919]

Aww keep in mind that if you wait until interest rates come down, demand will go up and a lot of those builder incentives might not be there or might be less. I’d love to be your realtor! I work for Remax 🏠

[@smoothwill]

You know what I just realized dev . All this time when you film your videos out and about ; unless Bianca is in the video I always thought you were by yourself self .but when I heard Bianca’s voice in the backround now I realize she is always with you she just choose not to come on camera only for specific things . Can we change that and have her in all your videos with you ?

[@mike9147]

I believe she is really shy.

[@flvets]

That interest rate is very high! It is important to shop around for lenders. Builders want their buyers to use their preferred lender and make it sound like you are getting a great deal, but the rate they give can be higher to make up for all they are “doing for you”. The current 30 day rate is around mid 5s right now. We live in lake county. If you would like to chat about the home buying process and the little and big things we have learned over the many years of having our homes built, shoot me an email and we can sit down and talk. Purchasing your first home can be overwhelming.

[@dodster27]

Prices will go down! So many houses on the market! Once people realize they don’t sell unless they lower prices you will get a great deal!

[@ManuelGuzman]

You always need to consider the jobs and schools around the home you are buying. I bought my current home in 2021 for 1.4m and according to Redfin, it now worth 1.85m A coworker bought a house in 2021 as well but in a bad area because he insisted he wanted to own a home. I told him it is better for him to buy a townhouse/condo in a good area than a home in a bad area but he really wanted to own a home. Now his home is worth less than what he paid in 2021. With exception of 2008, good homes will either stay the same price or go up in value.

[@josecora4219]

I finally paid my pmi off my house cause didn't have enough for down payment. Guess what nothing changes causes of taxes and insurance increases. There is no breaks for doing the right thing. Thankfully we bought when market was down.

[@debkrutsch6197]

The housing market where we live in Michigan has really slowed down because of the mortgage rates. And home values are starting to tank. My husband and I were going to look for a new home and we are holding off.

[@debkrutsch6197]

The housing market where we live in Michigan has really slowed down because of the mortgage rates. And home values are starting to tank. My husband and I were going to look for a new home and we are holding off.

[@BrandonIslander]

Lately a lot of states are making it harder for investors from out of state to buy homes. This is necessary because the out if state investors drive prices up and make it more difficult for people who actually live there trying to buy a new home. An example is that I hear in Ohio is that there is a cost to have a state resident to sponser their purchase and if there are any violations on that property, the resident sponser is on the hook if the investor does not address those issues

[@lorihayes2066]

Yes! Please do a video about renting near Disney. Also any that do short term rentals (6 months). Thanks so much.

[@noreenn6976]

It's crazy how expensive Clermont, Apopka and Winter Garden have gotten over the years.

[@davidmccoid2704]

Question for you Dev, how much is your current rent compared to you potential mortgage payment? Also How expensive is the closing costs on average. Many thanks for this content 🙌🏼

[@bambikiller338]

Here are my two pennies. I personally would not want an attached garage especially if I had an EV because of fire risk. I have an EV in a detached garage and it makes me feel safer especially with all of the EV fires once the flood waters touched them. Love the content.

[@samanthataddei7025]

As someone who grew up in Winter Springs, I highly recommend the area! It’s a commute to Disney bc of i4 but it’s doable. Also I’ve purchased three homes between 2017 and 2022 (I am 36 to give an idea) and everyone I had the closing cost covered even during our Covid purchase. And then I hated the area so lost my 3.25 interest for a 7.25 and just refinanced to a lower rate. But I got my dream property and it was worth every penny. When I lived there apopka was NOT the place to be 😂

[@myrarouge5604]

I don't usually comment but I wanted to say you are being smart waiting it out. And another thing to consider when purchasing a house in Florida is I'm sure its like us here in South Louisiana the insurance is crazy expensive. We purchased a 135,000 brick home on 1 acre in 2004. We currently pay 3500 to Fema for flood insurance a year and almost 4000 for home owners insurance. We pay all that and sadly if something does happen to your home you have to fight the insurance company and jump through crazy hoops to get Fema to pay.. Its disgusting!!!!!!

[@Daddysports79]

That last home was beautiful! But you never wanna be the nicest house on a “not so nice” block lol Keep up the patience man, the right time and home will come. It’s a big decision and I think it’s great that you guys are not taking it lightly

[@danieljustdaniel9550]

We moved to Auburndale, Fl in 2022 we 1st looked at the area in2020 and the houses went from $220,000 to 265,000 during covid. We are in a old orange grove with about 100 homes built since 2019. Drive time to Disney about 45 minutes Monday thru Friday on I 4 but Sat and Sunday we get there in under 20 mins.

[@debkrutsch6197]

We had a lot of the same in Michigan - a lot of flippers bought homes and now they are putting them back on the market half flipped. Still needing a lot of work and still wanting top dollar price

[@MrMtr999]

Big reason people don’t want to buy townhomes is HOA and Homeowner insurance. Those two can push your mortgage to incredibly high, making people struggling to pay after living there 1-2 years. Townhome HOA is crazy around here besides skyrocketing insurance. Thanks God that you did not get that $5500 mortgage!! Insane.

[@gailastle7291]

yes please we would love to see more......this is great info, thanks

[@richardscott5155]

Dev Thx so much for sharing & all the info as always good luck 🍀 in all you do

[@heatherhatley3363]

Good decision Dev 🎉 That is very wise of you.

[@Lovesapuzzle]

"Super high" is a relative term. My mortgage was at 10% and that was a preferred rate. I can remember when interests rates were 18% in the 1980s. It is good advice to put down 20% on whatever you decide to buy. Then pay off that mortgage as soon as you can. Real estate prices in Florida fluctuate wildly. My advice is to be patient, SAVE UP FOR A BIG DOWN PAYMENT, wait for a good deal. Hurricane season puts more homes on the market. Summer heat puts more homes on the market. Good luck.

[@DisMindy5767]

Yes! When we bought our first home the going rate was 11% in 1989. House was $73,000. Rates definitely effect what people can afford to pay such in turn effects how much they're willing to pay. If people can't pay it, you can ask it, but you're not gonna get it.

[@Lovesapuzzle]

@@DisMindy5767 Yes. I bought my first home in 1988. I had a big down payment and only borrowed $50K on a 30 year fixed rate of 10%. I paid that off in 5 years and have lived for "free" ever since. Today, my property taxes are more than my mortgage payments were.

[@MzelleRI64]

New homes are nice but I would ask for the financials regarding the expenses and reserve requirements of the HOA if there is one. Sometimes the initial HOA fee is too low. Once the builder turns all the financial responsibility over to the board and/or management company after the final phases of building are completed, the fees tend to go up because the community unable to meet expenses for upkeep, insurance, etc while ALSO maintaining the amount in reserves required by law. Something to think about if the community has vacant properties or if some owners are defaulting. We bought in Clermont this year, our home is 12yrs old but the previous owner did several upgrades like a new kitchen, new roof, new flooring and HVAC just prior to listing it for sale. It was like buying a new home. The HOA financials are seasoned and in good shape, so much so that they have funds over and above the reserve requirement that are invested and earning interest. I am glad I did not buy a new build.

[@Coastersandpop]

Hold off until you get what you want at a rate you want. It’s easy to jump and regret, holding a few months can be a wise move.

[@DisMindy5767]

You're very smart to wait. The market is changing. The investors are trying to get out. They messed up the market. What about Clermont? The area looked new over by the Costco.

[@michellesmith5490]

With the hurricane home insurance will be going up again.. more pulling out also. Same thing here in oklahoma, with a huge ,huge hail storm and tornados from spring we will be going through same thing.

[@itsmc7953]

I’m a 21 year old college student. I chose to go to a technical community college. Mainly to save money. Not only did scholarships and grants cover the entire thing, but I had left over. Which I chose to invest for my future. Where I work they opened a Roth 401k (not matching) but hey it helps me. I invest 15% of my paycheck. It sucks seeing it come out of my paycheck, but I rather have the compounded growth over new video games or other junk I would buy. Long story short, I’m doing all I can rn to save money and even I have a heart attack hearing the prices of homes. As someone who also wishes to move around the Orlando area. Unlike many. It’s been my goal since I was 12…almost 10 years. But I know I’m young and I have plenty of time to save and invest more.

[@lkrball8125]

Done with town homes and condos with shared walls! You can hear every argument from neighbors and I'm sure they heard ours as well! 🤐

[@FrankG5874]

Never left New Jersey as I like the seasons as in the winter we get Coastal Storms called Nor'Easter's and we're back out and about in a couple of days.

[@ahf5471]

Don’t forget that the replacement of your roof within a 15 year period is a requirement for insurance.