Naples Florida | Housing in Turmoil

Southwest Florida's Housing Market Continues to evolve as inventory climbs while condos and rentals suffer the most in Naples. Today I am joined by Naples area expert Real Estate Broker Elina Maranz to discuss the changes she is seeing in and around Collier County in both the sales and rental sectors.
You can reach Elina Below at:
naplesvibereal...
#realestateupdate #realestate #floridahousingmarket
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👇 Let me know your thoughts in the comments below
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Ben Grieco
Broker Associate
Call/Text: 845-674-5290
Email: [e-mail]
SL# 3330499
Coldwell Banker Sunstar Realty
2825 Tamiami Trail, Punta Gorda, FL 33950
Thank you all for watching! Please "LIKE" the video and subscribe!
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#naplesrealestate #floridarealestate #housingmarketupdate #rental #floridahousing #englewood #swflrealestate #realestateagent #charlottecountyfl #northport #housingcrash #marketcrash #recession2024 #recession #homesales #affordability #mortgagerates #mortgages #puntagorda #housingcrisis #homeprices #realestateagents #housing #housingbubble #floridainsurance #insurancerates #shorttermrentals #florida #floridahousingprices #sarasotarealestate #housingcrash #marketcrash #rentalproperty #investmentproperty #housingcrash2024 #capecoral #blackswan #propertyinvestment #homeprices #listings #leecounty #propertymarket #walkandtalk #orlando #federalreserve #naplesrealestate #realestatenews #tamparealestate #westpalmbeach #jacksonvillerealestate #condo #hoa
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DISCLAIMER: This KZbin channel is intended for entertainment purposes only. The owner of this channel, Ben Grieco, makes no representations as to the accuracy of any information on this site, contained within the video, or available in comments. Ben Grieco is not a licensed financial advisor and the views represented are not financial advice nor legal advice. Please consult a financial or legal professional before investing. The information on this channel does not substitute consultations with local real estate agents, mortgage brokers, insurance brokers, financial advisors, and/or lawyers. The information provided is subject to change. The use of the internet and digital methods for communications with Ben Grieco such as e-mails does not establish a formal business relationship.

[@markmccormack1796]

Prices for rentals and buying are still far too high for regular people.

[@fabulousglasswarden]

It's tough out there with home and car prices soaring, especially for single folks or those with just one income. Even dual-income families are feeling the pinch.

[@Plemmonsscott]

Thanks for shedding light on the real estate crunch. It's high time prices matched family budgets, even if it means a market correction. Diversifying income outside of government support sounds like a smart move.

[@sharonotaylorr7641]

@@Plemmonsscott I get your point about diversifying, but where do you even start if you're not familiar with any?

[@GreggVElrod]

You're spot on. Knowing where to invest can be daunting, especially if you're new to the game.

[@Nicholas.Durante]

Very true, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million

[@dsj9831]

It's much more cheaper to rent. Finally a realtor that is telling the truth.

[@jayneweaver8695]

I know! She was like Ben, she told the truth. : o)

[@elinamaranz]

Thank you…I cannot lie…it’s the Jersey girl in me :)

[@Jazzykatt23]

@@Dptl what has she lied about?

[@Jazzykatt23]

@@Dptl just somebody asking you to back up your statement

[@Christine-or3lm]

I tell ya, I don't want to pay anything more than 2019 prices because that was already too high.

[@ocsugar]

Already a huge run up 2011 to 2019

[@ralphjessee2688]

100%

[@faerydae29]

Same for me. I refuse to pay Covid prices, that’s a massive bubble that’s going to pop. It’s already started to go down. People can’t afford it.

[@cyclonejunior]

I'm a junk hauler in tampa. Lots of people doing moveouts and leaving FL

[@HsanchezFLUS]

really, i would like you tell us more about it

[@theRetainer]

I also live in Tampa, and all I see is people hauling stuff around. You can tell people can't pay these high prices, so they are moving out of their current rentals into cheaper areas.

[@Bunky1234-q7v]

Left Tampa a month ago. Too expensive, lousy food, too hot. Back in New York where food costs the same or less and is so much better. And the heat wave we are having will be gone in a week or so, not 5 months. Never going back.Tampa is an amazing City, but smoking its own supply a bit.

[@user-kk3qg5el1m]

@@Bunky1234-q7vWhen I was in New York I had a hard time finding good food. Maybe I was in the wrong place. I was downtown Manhattan, where is the good food?

[@erocker78]

I grew up in Tampa and lived in Florida most of my life. I left 11 years ago. Been there done that! Nobody ever listens when I tell them how bad it sucks. A lot of people turn around and leave after learning what it's like to live there. It's been that way for a long time. It's just rarely ever talked about.

[@kenschadegg9932]

Refreshing seeing Realtors having an honest discussion.

[@rainy1216]

This was such a pleasant surprise! I follow Elina’s Naples page, and I clicked on this video not knowing she was appearing. So great to get her perspective! Elina rocks!

[@OfficialJoshJonez]

Love the realness. Learning how to have those heart to heart convos with sellers and buyers is crucial. “I’d rather lose your business telling the truth, rather than gain your business and have to lie”

[@MrDCMiami]

I'm a former Board President, multi-year, for a high-rise in Miami which I've since sold. The most important observation I can offer is that condos will never be what they once were, even if prices go back to 2019 or even well below that. That is because cost controls are gone forever and underpaying for routine maintenance is no longer an option. You now have to pay for the sins of the past, crazy insurance premiums and employment costs of today, and reserve funding for the future. Folks, the old model is OBSOLETE and GONE FOREVER. What business would you want to buy if you had no ability to control costs. Absent cost controls and a certain measure of cost predictability, that business has little or no value. At the same time, rents are unsustainable, so add reduced income and uncontrolled expenses. You'd have to be crazy to want that. Recency bias is a killer, and many late-comer buyers are paying a price for that. Your expenses are NOT the tenants' problems. They do not get equity, appreciation, tax benefits, and other benefits of ownership, so don't expect them to automatically absorb those costs. If you think that, you have a hard lesson coming.

[@bensellin]

You are wise MrDC.

[@MrDCMiami]

@@bensellin Thanks Ben. Compliments on your continued quality content. I'm also a licensed realtor although I'm not hardcore in the business. At a brokerage I was affiliated with, I gave a 2-hour presentation on the changing landscape of condos and what I feel realtors need to do to best represent both buyers and sellers. It was well received, and they found my board experience provided a good perspective, as well as what I felt could be opportunities to cash in on, and how to distinguish yourself as a professional in this market sector. I no longer believe just matching buyer and seller is enough to set yourself apart from the competition in the condo world. A very experienced broker told me I could actually package and sell it as a seminar to realtors, particularly in areas where condos are an up and coming thing and realtors are not so experienced in that arena.

[@77jaycube69]

Well said.

[@jonathantaylor6926]

5% of all condos should be HOA owned and rented with that rental income going into an index slated 40 year repairs. If a 100 unit complex rented out 5 units for 40 years and invested that income it would be over 21 million dollars today.

[@MrDCMiami]

@@jonathantaylor6926 Interesting idea. One idea I had that fell on deaf ears was to open up a tattoo parlor. It would raise a billion dollars in an hour.

[@markzick9236]

I really like you Ben and of course your channel. Unlike the "guy" who walks around Miami and only fear mongers with negative news, you stay positive and on point. I'm sure your channel will grow and bring you more business.

[@bensellin]

I appreciate that!

[@craigrose1130]

She was GREAT! Awesome guest Ben.

[@user-oh5cp5bx5v]

I lived in Naples Florida for 8 years and actually spoke with Elina several times during that time. She is a well versed realtor. We moved from Naples in 2021- the congestion was getting so bad, the HOA fees were getting really out of control and the people moving in thought they were better than anyone else if they golf or played tennis. We made a good profit moving and do not regret moving at all. Naples is being ruined by the extreme over development and articles saying that Naples is the best place in the US to live- believe me- not true! The community where I used to leave is having a large number of people moving as they are just as disgusted as we were . Naples is not all it is cooked up to be! If you like being stuck in traffic on Immokalle Rd. 24/7 year round, if you like having to pay a "concierge" doctor for the privilege of being their patient and if you like red tide rather than clean beaches Naples is for you!

[@marylyon1230]

Elina is very very smart. She has a great perspective.

[@elinamaranz]

❤

[@markmccormack1796]

We divested everything thing here in Florida. We're going back up north. We just want a small, quiet place to live where costs don't double within a few years. Craziness due to greed.

[@pattiebravata7462]

Great show. I enjoyed Elina's honest approach. I agree the current market is over saturated and many rentals and homes are just sitting. I think builders need to slow down or stop building right now unless they want to lose the shirts off their backs. People are very uncertain about the future with increasing storms, increasing prices in everyday staples, affordable home insurance that's becoming increasing harder to find and so on. If the current building could slow down, maybe the current market could stabilize. Only time will tell.

[@cj5trackerat]

She was awesome with her openness. Thank you!

[@michelleg1076]

Unaffordable in naples. Moved there in 2019 left in 2023. Everything doubled except the salary. Run if u r thinking about moving there unless u r a millionaire

[@user-kk3qg5el1m]

It’s better to visit and leave. It will save you a lot of stress and money

[@eugenekeeler6671]

@@user-kk3qg5el1mí

[@michelleg1076]

​@user-kk3qg5el1m it's so sad because it's beautiful there. 😢

[@user-qv8qu3vn8p]

The country is going down 👎

[@torsten6777]

Sounds like it’s not a place for poor people

[@PianoMatronNeeNee]

Really great interview Ben. Excellent content. Excited to see your channel continue to grow. Top notch channel👍

[@bensellin]

Always Appreciated!

[@drewcave6227]

Enjoyed the call with other agents for feedback on other markets.

[@bensellin]

Glad you liked it!

[@cherylcampbell7495]

Great interview. Lots of fun and knowledge on Florida real estate. Love the walks around town 👍🇺🇸

[@bensellin]

Thanks for listening!

[@MultiDeelite]

Great job Elina! You're smart and you know your numbers

[@elinamaranz]

❤ Thank you lovely lady!

[@terriholliday8038]

Jersey Girl?

[@elinamaranz]

@@terriholliday8038 did my accent give it away? 😅

[@madeleineaudette1586]

Awesome interview with Elena. Good job as always Ben.

[@enoynaert]

I have a relative who just sold their condo at a loss and moved back north. They saw prices falling and decided to sell before prices went into free fall. If you take monthly HOA fees, monthly insurance cost, plus the amortized value of expected assessments, the total is likely to be more than what people are willing to pay in rent or for a mortgage payment. That means that the present value of the condo is zero or negative. It is a hard truth to face if you are a current condo owner, but it is reality for many condo buildings in Florida. Things are not going to get better in the foreseeable future; they are likely to get worse.

[@bensellin]

You are correct. The carrying cost could destroy the value if the organization was not properly proactive.

[@goldenparachute392]

You’re not taking into account the expenses that are included in the HOA fees though. Landscaping, Water, garbage, insurance for the building, gym, pool, hot tubs, tennis courts, grilling areas, security, cable and wifi are expensive if you have to pay for that in a non-HOA property. Apples to oranges comparison which leaves a lot out of the computation. But perhaps your relative had a small, old condo in an undesirable area 🤷‍♀️ and obviously didn’t have enough equity in the property.

[@wkw4095]

Sad for Florida folk, not for us snowbirds that still get to enjoy it without the drama of high insurance, high HOA fees, tax increases. Extended Florida winter vacations are so much better and cheaper than all that craziness. Man I loved Siesta Key beach!!! and I love how Floridians taxes pay for smooth roads, manicured roadways looking like resort grounds. I'll be back soon. Thanks.

[@wadeinn463]

No weed.. I’m staying in Michigan. The winters aren’t so bad lately.

[@alipainting]

😅 I spent three delightful winters in Naples while living in my van and working. What a lovely town. The road trip from my home in Colorado was awesome too.

[@michaeldeiters2723]

its best to visit, spend a month, but dont buy

[@ctwriter1670]

@@wadeinn463 you know, that’s what I’ve been thinking. It’s just not that bad in the winter. Hardly any snow this year and temperatures mostly in the 40s. (In RI. ). What snow we did have is gone within a week. I don’t know, maybe it’ll change. It certainly seems to be a trend.

[@jayneweaver8695]

Great guest! Excellent interview. 😊

[@bensellin]

Thanks so much!

[@CryptocurrencyTheory]

Best Real Estate channel on KZbin!

[@bensellin]

😍😍

[@emichels]

Surplus of inventory going into hurricane season = sounds like a Perfect Storm.

[@littlebitmckee8234]

That closing price difference for 2019 and 2024 is very remarkable. Just shows you how much money supply and easing happened. I am certain all that price appreciation is not from excessive remodels; it is from excess liquidity. Such a shame. People loved their stimi checks but don’t like the consequences of that now when they are trying to buy homes.

[@davidmajer3652]

"Try to catch the market that is not there anymore" that about says it all. This conversation brings to life all the analytics you have been presenting us. She said houses are at a million dollars, but condos are at $200K. That is a big gap.

[@michelleg1076]

Condos r so low because the HOA fees r outrageous.

[@Shulamite_Bride555]

​@@michelleg1076 So are the HOA fees and taxs on the million dollar homes though

[@majorsynthqed7374]

Depends on the neighborhood. Condos in my neighborhood sell for no less than $375K.

[@johnharper2016]

Owned 2 homes in Naples, Florida 1990/2014. Had a very good run. Saw what was about to happen and bailed out in 2014 to Western North Carolina. We visit for a week each year just to remind ourselves how lucky we are to not live there anymore. Insurance, taxes, congestion, etc. Good luck?

[@PlasmaWolfen]

Congrats on 10k subscribers Ben, you've earned every single one of us! Hell of a market with pricing ALL over the place here in Lee County, cape/ft myers area. Things in the same neighborhood with the same layout and basically sqft listed between 319 and 560. Neither selling. I bet the 319 sells first though. Why would someone pay 240 more for the practically the exact same thing a few houses away? Rentals are a blood bath! STRs are just getting straight nuked unless they're in a very good spot. Cash buyer activity is about the same, but they're pursuing deals and know their negotiating position. Sellers with buyers with financing have seen lots of that fall through. Some construction seems to stall. Some finishes but then sits empty. It's just odd. Gives me big mid 2000's vibes. Keep up the good work! I might be a bit biased having been following you since near the start. But I think you've got the best RE channel on youtube.

[@bensellin]

Thank you sir! Yes pricing is a mixed bag all over the place right now and the weird thing is some of the stuff is selling for absurd prices. Doesn't seem to be really any Rhyme or Reason to the market right now. Very chaotic but interesting. Thanks for always being here for the ride!

[@MarkMphonoman]

Elina provided great info and insight into the current state of affairs in the Naples condo market. Good job.

[@SShepherd]

I took a look south in Naples but for the quality new construction single family, I kept finding the homes were $300k+ higher than the rest of the SW comparables and further east from the coast than I wanted to be with the only benefit of the larger lots. The $1.7m-$2m prices are just too damn high to be affordable there, and wasn't interested in being so far east from the coast that have the lower prices. Reminded me a little of Tampa with the higher prices and limited options inventory wise for high quality newer homes.

[@JC-cf4rs]

400 to 800k in a couple years is not going to sustain. Florida income can’t sustain that

[@sw6118]

It would be interesting to know what percentage of the market is owned by hedge funds and whether they are still buying?

[@brucedaar]

It's ridiculous HOA assessments due to new state requirements and skyrocketing homeowner's insurance. Buyer beware!

[@joepingue2120]

Very interesting. I’m a co owner of a property in Sarasota. In the next few years likely will sell. Listening to Ben and Elian is very helpful.

[@cjjohnson4231]

You have to account for the cost to deploy cash and realistic return vs. risk free/low returns as an investor. Paying cash for something you plan to live-in is a much easier decision. Glad we didn’t go the condo route and bought a house in Sarasota 2018.

[@faerydae29]

I’m in Orlando and really wish it would go down here too. Just going back to 2019 prices would be amazing.

[@samlowrey63]

Talking in nominal US Dollars terms, yes, prices have skyrocketed for housing......it's a hard asset after all, but the value of the Dollar has plummeted since say 2019. Back in January 2019, Gold was around $1290/ozt......today, it is $2327/ozt! IT'S NOT THE VALUE OF REAL ESTATE THAT IS GOING UP! IT IS THE VALUE OF YOUR CURRENCY GOING DOWN! People should get in the habit of pricing their main assets in terms of Gold.......and not paper US Dollars. It may very well tell you a different story.

[@webrunner2407]

All of the Seniors that bought these condos years ago are gone. Because of the way the world is right now the clientele have all but died off. Never to return. The new 'rich' are not going to live in the United States anymore. Plans have changed. These realtors are a day late and a dollar short.

[@CaptainCaveman1170]

I think you're oversimplifying, but not necessarily wrong. There's still a lot of foreign money and "New York/California/Military Contract States" money to burn through. Now, IF Trump ends the wars and manages to seal the border tight, there could definitely be a GLUT of properties in the next decade...as the Boomers age out of the real estate game. So it seems EXTREMELY likely to me that prices in Florida are going to be floating downward for years and years. 2019 prices feels like a given to me, knowing Florida's history and the upcoming condo-geddon.

[@CaptainCaveman1170]

@@GR-ju4db LOL. Come on, they'd probably be quite friendly. And Cuban. Who wouldn't want a cheap, talkative apparition that smells of espresso?

[@jeremyjedynak]

New subscriber after watching a few videos. Like the straight talk here about what is really going on in the market.

[@bensellin]

Thanks and glad to have you on board!

[@mirandakoggan3914]

I didn’t hear anything about insurance cancelations or increase in insurance. What about the increase of the HOA’s?

[@elinamaranz]

Tough subject- but for the most part, older homes are harder to insure especially if the roof is old. Hoa fees have gone up due to higher insurance, that is true and higher costs of maintenance, etc

[@buddyandswifty2284]

Thanks, Brian, for these excellent interviews.

[@firstylasty170]

Elina, any duplexes or greater in Naples/Bonita Springs and would the numbers work as a rental?

[@alexanderf4152]

Ben, love your youtube videos, I'm up in central n.j., we would love to buy a second place in SWF, often vacation at Sanibel Isl. BUT these new #'s on HOA fees are Ridiculous!!! $1000.00 + per month?!!! Plus rising insurance prices? Thank you No Way........lol not to mention Assessment costs? Of course thousands of ppl are moving back to wherever. Thanks, Alex from N.J.

[@bensellin]

Thanks Alex! Indeed the fees are nuts. If the carrying cost is going to be that high the prices have to adjust to reflect it I say.

[@alexanderf4152]

@@bensellin You are absolutely correct!

[@invictus9976]

Thank you for your honest information. Do you have any single family homes for sale in Naples? I went to your channel, and couldn't find any. Thanks.

[@jamesclark7316]

She is right! 100% as someone who has lived in Naples for 25years and see it all. This market is crazy now. I bet the condo you rented was in my neighborhood Treviso Bay. 8.5k season and now annuals are down to 2400 a month

[@elinamaranz]

Lmao yes as a matter of fact the one I mentioned is in Treviso!

[@greatpariscars]

Great video. Ben, work on the audio. You're in an echo chamber. Get a dynamic microphone. Seriously. Look into it. It will make you sound so much better. No echo.

[@bensellin]

Thanks for the tip!

[@johnlibonati7807]

“He owns it outright. He doesn’t have to sell. He doesn’t care.” I think that sums up the baby boomer mentality. They don’t need to sell and the carrying costs don’t affect them all that much if they have a good pension and their kids are grown and on their own. They can hang onto a property until it sells. And if it doesn’t, who cares? One more asset in the portfolio. Why sell when you have cash losing value to inflation every year and a stock market that looks like it is doing well, but is really being held up by 7 stocks?

[@ralphjessee2688]

Astute!!!

[@buffaloman5042]

Why are they still building so many apartments along I-75? I cant see them being filled anytime soon..

[@dirtywhiteboy7922]

They will be filled with the influx of immigrants who need housing. It's lucrative as a builder because the government will pay asking price for these units and pay for housing these immigrants. hey will be filled sooner than you think.

[@maddierosemusic]

Not only there, thousands of new units are coming in Manatee County near Anna Maria. My guess is that the builders had all the financing and permits in the pipeline and they are going to build come hell or high water.

[@garybollrud8968]

Daytona same thing....apartment explosion. Then you see " free month to move in.". Denial.

[@Pfsif]

Greed.

[@gregorydepol2655]

I believe that the real estate market is definitely over inflated but with a little patience there are some good properies that come up. I saw a single family home in Naples built in 2019 that was only $425k. It went under contract pretty quick but you can still find stuff.

[@terrygolden7726]

have to be an idot to buy in fl as its way over hyped. Plus the state sucks too much rain, humidity, traffic, high insurance, prop taxes, hoa fees.

[@majorsynthqed7374]

It doesn't rain in Naples for six months, lol.

[@keithtauber4153]

It is beyond insane that people have so much money that can buy a house for $1 million or more. That just seems well, stupid. Where is this all going? What about the majority of us who cannot afford these stupid prices? Who rents for $3,500 a month? $5,000 a month? Crazy town.

[@jagpilotohio]

More people than you can imagine. I grew up in Corona Del Mar Ca and people out there that want to be near the water or on a hill looking at the water will rent for $8,000-25,000 a month. Thousands of them. It’s weird how many there are.

[@RealChrisinAZ]

The Boomers hold majority of the wealth and out here in the West coast many of them come in and pay cash. While most of us can't afford that but many over the age of 65 who had a good job all their lives, bought a home cheap are able to cash in.

[@jagpilotohio]

@@RealChrisinAZ yep. the house I grew up in in Southern California originally sold for $124,000 in 1974. It’s worth $3.2 million now. My mom is 80 now and sold it a while back and cashed in big time. Moved to a $675,000 townhome. Paid cash of course.

[@user-oe5ey3ex8b]

I grew up in Naples and it used to be a nice seaside town. I lived on Vanderbilt beach long before the Ritz ruined it. My dog and I would run and play on that beach daily. We had many unpaved roads and the Tamiami Trail / Hwy 41 was the one major paved road in town. I75 wasn't built back then so tourism wasn't as bad as it is now. We always had rich mostly retired people but the snobs were put in their place and people lived and let live.

[@elinamaranz]

There are people with a LOT of money. And they all come to Florida!

[@johnbruenn8755]

Condo HOA horror stories will forever keep me out of a condo. As attractive the low maintenance lifestyle is, the HOA risk factors make it unthinkable.

[@MM-kf3gq]

Great video, thank you

[@frugalex-maineah6761]

This comment is for Elina. Last June you rented a house on Kent Dr(Lonnie's place that we moved out of). The rent you listed was for 3,500, do you think that rate is still viable this year or has the annual rental market often?

[@elinamaranz]

Hi Peter! House is currently rented at the same price. It’s probably still about the same if it were to go on the market, maybe a tad lower. Hard to find pool homes for decent prices. Hope you’re well!

[@medusaskull9625]

Condo and HOA properties are bad. People start to realize how much freedom they have if they own single home without HOA fee and rules. I really hate HOA, I hope it would be outlawed and those who run HOA should be put in jail.

[@shellzhimself]

Really great video.

[@bensellin]

Thank you!

[@ptturboe5792]

Great interview. Rock on...

[@bensellin]

Thank you!

[@radiogaga123]

great interview 👍👍

[@wespotter6985]

I'd like to hear from anybody who has experience in palm beach county seasonal rentals. It seems that market is unaffected by the slow down.Prices are still high

[@realdeal139]

Left Florida and moved to Puerto Rico for a significant lower cost of living and similar lifestyle. In addition, Puerto Rico has tax incentives one can take advantage of if you live there, the majority of the time. It’s a win-win imo.

[@caseytheconqueror7958]

Same thing happening in Orlando!!

[@JR-eq6jz]

This is a great time to buy. Prices will always rise due to inflation. Inflation is the expansion of the money supply and the Fed and government are printing and spending into the economy and it will only get worse. Lock in that payment for 30yrs so you are not a victim of a falling currency.

[@robcyr839]

People fail to realize that FL ranks 29th in income but have some of the highest rents and house prices. Tampa is the worst city in the country for high living costs compared to wages. If NY people quit coming here, FL will turn back into a swamp.

[@bigstickful]

And still these nimrods are not dropping the prices.

[@paulwagner2089]

...and here comes the second big storm !

[@davidduty8199]

Ty

[@TheOriginalHuckleberry]

No turmoil. Sell them at market price. You don't want too. .... Ok......... No turmoil.

[@firefighterguy07]

Once the retirees and boomer polulatuon disappears, there will be nobody left to occupy residence because not only are home prices, interest rates at all time highs, so are HOA, insurance and tax rates. Completley unsustainable. The only ones moving here are coming from more expensive areas like cali, ny, chicago, etc

[@mikey291145]

Anything in Naplew around the $150,000 mark.

[@cheezybred]

But Tiktok realtors said prices will never drop

[@KJSvitko]

Climate change and rising sea levels will make properties in low lying areas and coastal areas impossible to insure. Banks will be reluctant to give a mortgage for 15 or 30 years because the property may be under water. Selling properties to average buyers will become impossible in the future as banks and mortgage companies stop making loans for these properties. Coastal areas are a high risk for insurance and extreme weather like hurricanes. People will have to self insure and take the risk of loss. Condo associations are losing their insurance and if they find a new higher cost policy they will be passing on the higher costs to association members. Flooded cars from hurricanes were filling the salvage lots. Insurance companies will raise rates and pass on the costs and risks to policy holders next year. Coastal properties will be confined to wealthy individuals that can buy properties with cash and self insure for losses from hurricanes or rising sea levels.

[@majorsynthqed7374]

LOL, no one cares about rising sea levels here. Banks are giving out loans for building left and right. An investor just purchased hurricane-damaged land in Ft. Myers for $52 million, and has already secured funding for 137 beachside condos on that land.

[@bobjohnson2172]

Elina Maranz throws her own clients under the bus by publicly stating her clients listings are way over-priced. Why would anyone want to buy a product when the listing agent says the product is way over-priced? If she can't honestly perform her fiduciary duty to her client, she needs to change clients, or change occupations. Also, she encouraged clients to over-pay in purchasing 2022 town-homes, now she says her clients over-paid. Was her generating a commission so important in 2022 to give bad advice to her clients? I'm not hating on her, but I would have given quite different advice than what she gave her clients.

[@JohnH1370]

Try to get a tradesmen to fix anything.. there prices are over the moon. They think everyone is a billionaire.

[@rocketpropelled]

Hourly service rates have been stagnant for decades. The materials are just quadrupled. Don't blame the service men.

[@aliengreen2364]

Yea and then they have taxes, insurance and they’re still broke after you paid “premium” prices.

[@elinamaranz]

Living in paradise is expensive- for vendors and customers.

[@s99614]

The rent is too damn high!

[@theRetainer]

This is a perfect example of how realtors are still high on the pandemic boom times. That said, notice how voice and body language tell a totally different story. The boom times are OVER people. A huge crash is coming, and the economy is heading into incredible hard times. Unemployment is just starting to tick up. Just wait and see.

[@elinamaranz]

I hope my voice and body language matched what I was trying to say - you cannot price the way you did in Covid times. Not everyone understands that…yet

[@BillyT531]

Too funny. They'll all be moving North again they should have never left.

[@Aksteelheader86]

Time to Bleed out the Greed

[@user-qv8qu3vn8p]

No this country is going under 😢

[@bmanz8117]

Condos are the worst. HOA'S a joke

[@MAJOR-D]

Did I understand this lady gave 400.000 for the house she’s setting in and she. Can sell it for a million dollars? Why is she still setting in it ? That’s double your investment?

[@elinamaranz]

Yes my house has doubled in value but we are not ready to sell yet as we still have one kid left in HS.

[@michaeldeiters2723]

more job losses will pop this bubble,

[@4Marktk]

"My good friend ..... owns 8 or nine solid properties" Yeah he's a predator, too . Karma time for all real estate predators ? I hope

[@elinamaranz]

Not sure what you mean? Self made, no one gave him and his wife anything. Made smart investments, retired at 35, moved full time to FL 8 yrs ago, invested his $ and living the life. And I’m fortunate enough to know him And learn from him.

[@shannondavis5728]

Simple Math Human Family….local wages aren’t rising faster than the roof over people’s heads!!!!….just like energy price hikes always increase goods,services & labor markets!!!!!#DrillBabyDrill!!!!!#Trump2024

[@ctwriter1670]

Geez, yeah. Always wanted a convict (repeat… freakin’ convict), grifter, shyster, bankrupt, covid-denier, climate denier, pro-oil, anti-environment, anti-woman, fake Christian as my prez. Gotta love those credentials!

[@thomasryan2679]

The lady sure likes to repeat "you know". I can't listen to her.

[@willtwain1383]

Decent people have regrets about moving to Florida.

[@steveg6978]

FLA went all political, add in the new condo laws and insurance and its so long FLA

[@seanwendygodisamazing6340]

Great interview

[@jeffl.dillard8681]

I’m looking to buy a retirement home on Manasota Key or somewhere from Naples to Sarasota within the next 12 months. I’m cash and looking for property in the $1M to $1.2M range. I’m just waiting for the prices to drop. I’m a 20 years realtor/broker so I know where prices will go. There’s still another 30% for prices to go down or more.

[@danacaro-herman3530]

@jeffdillard8681. Wow, you did very well as a realtor!!

[@johnlibonati7807]

I always wanted a property on Manasota Key until red tide a few years ago. You couldn’t go outside on the island. It was horrific for months.

[@frankkeel8410]

Me to will it happen yes this place is only for we millionaires

[@percmanDOTcom]

Again????