What would a Major Hurricane Do To Florida's Housing Market!

Рет қаралды 9,332

Күн бұрын

Пікірлер: 103

@jc1979af 2 ай бұрын

FL was affordable in the 80s and 90s. There was plenty of rural areas with inexpensive houses. Many people up north would buy "winter homes" in the state. FL isn't the same anymore

@michaelmorgan9009 2 ай бұрын

close the border, stop foreign investors from buying property. stop domestic big companies from buying single family homes. problem solved

@americanwoman3267 2 ай бұрын

Jeb Bush brought statism to our wallets. I'm glad the northerners are leaving. Desantis is getting in the way of all kinds of fraud.

@endofsociety 2 ай бұрын

Rich man's playground for sure. The very same people who complain about not getting enough timely service because those places can't hang on to enough employees.

@jasonsmith530 2 ай бұрын

@@endofsociety yup, I’m in Miami and regular people loose their motivation to work harder when it gets them nowhere

@endofsociety 2 ай бұрын

@@jasonsmith530 shit miami is one of the worst places for normies to live. Only the well-to-do gets to enjoy everything miami has to offer. Everybody else that's still there are struggling for sure.

@almoreno3299 2 ай бұрын

I think a major global crash may be needed to reset prices. The current direction is unsustainable.

@Thebankfisher 2 ай бұрын

Absolutely... It will never get better with the national debt the fed cannot keep rates high enough long enough to correct it ...

@ReiShirouOfficial 2 ай бұрын

@@Thebankfisher Similar to how the market almost exploded monday The market needs to implode maybe on next months job reports or some catalyst soon, hard enough it catches jerome powel and the fed off guard Forcing a market crash. Their soft landing or whatever is to prevent a crisis but that means prolong high prices and a screwed market

@jeltoninc.8542 2 ай бұрын

I think our only hope is Jesus Christ himself. Humans are too greedy. We need to be taught a lesson.

@daveassanowicz186 2 ай бұрын

Florida has never recovered from a hurricane on its own. FEMA

@wickedblue3218 2 ай бұрын

Of coures a huge hurrican will change the housing market in Florida, just like a earthquake changes the housing market in Cali.

@jamesgullo8240 2 ай бұрын

Insurance in Florida will never go down. Only up.

@gregpendleton4957 2 ай бұрын

Never say never

@Florida_Man_Actual_850 2 ай бұрын

It can't continue to rise beyond a certain point. Either people will stop paying or the state will step in and it'll stop being required. 08-14 people in most of florida quit paying car insurance en mass so LEOs simply quit asking for proof of insurance and simply ticketed drivers for insurance lapse and dwls

@jasonsmith530 2 ай бұрын

@@jamesgullo8240 Insurance will never go down, rent will never go down, and now because of surfside HOA is expensive! Florida is cooked

@jeltoninc.8542 2 ай бұрын

Hey bro what park is that?!? Glad I found your channel.

@jeltoninc.8542 2 ай бұрын

Never mind I recognize where you’re at after you got on the trail!

@DirtyRichesKS 2 ай бұрын

There was a Category 3 storm that hit the Big Bend last year, it just happened to hit in a sparsely populated area

@MichigantoFlorida 2 ай бұрын

It's rather obvious, insurance costs will continue to rise.. every hurricane is a rate increase. It's all about actuary tables folks. Brant, what percentage of Florida residents can afford to purchase a home ???

@HulaShack1 2 ай бұрын

Keep in mind that now home owners have to replace their roofs or they can't get insurance. Is that fair? Yep! Because people would not replace their old roofs and then we would get a storm and their roof would be ripped off and then the insurance would have to replace it. That was driving up the price of insurance for everyone.

@jeltoninc.8542 2 ай бұрын

Wrong. It was fraud driving up the prices along with CEOs taking record profits. Have you ever heard of doing research???

@2quack 2 ай бұрын

Florida insurance buyers should have options. Liability, roof, rebuild... Through the spectrums of possible coverage.

@frankthewriter5937 2 ай бұрын

Rant all you want, Brant We enjoy it 😂😂😂

@capnkirk5528 2 ай бұрын

At the END of the 2023 I got involved in an online debate on a very different channel about whether there should be CAT 6 designated storms. My prediction then (which is enshrined somewhere on the internet) was that when the Gulf got to "hot tub" temperatures (98F+) again with the global warming that Americans continue to deny, (even as they melt in Phoenix and Vegas) and the end of El Nino, the US should see it's first CAT 6 storm. Remember Acapulco? Otis went from Cat 3 to Cat 5 in a VERY short distance. Think about a CAT 6 hitting Miami or Tampa Bay. Even Waffle House will be closed for a while. Will be a lot of building lots for sale, just clear off the debris! My other prediction was a little more morbid, that Phoenix (Maricopa county) would see a thousand heat-related deaths this season. That may be an overestimate since they seem to be trying to do something about it but if you're elderly in Phoenix and your A/C breaks? Or homeless? The heat has a very good shot at killing you.

@ladytess28 2 ай бұрын

Do a video on what states to move to???? I’m out!!!!

@daveassanowicz186 2 ай бұрын

In SWFL everyone drives massive POS vehicles where the driver is the only occupant and then they wonder why there's so much traffic. Not so bright folks

@kloatlanta 2 ай бұрын

Shocks me that people are still moving there in droves.

@mrbaldjeep 2 ай бұрын

Hoas and insurance and inflated prices already have

@2reelyakrz481 2 ай бұрын

This storm may end up as a cat 2, but I don't believe it will be that bad overall. Ten years ago, it would have been mostly shrugged off by most Floridians - Floridians is tough!!!

@Pinkfrosting962 2 ай бұрын

I’m in sw florida and it’s more the flooding than the wind this time

@2reelyakrz481 2 ай бұрын

@@Pinkfrosting962 We're in East TN right now, but stay near Apalachicola and St George Island when we are in FL. The entire state is gorgeous. We really love the wildlife. Mexico Beach and the surrounding area (including our area) took a huge beating with Michael. Some areas are still rebuilding. But I've always been super impressed with the resilience of Floridians. Tough individuals and the communities which they form have done truly amazing things after these natural disasters when they are allowed to do so. I think this one will soak the Big Bend near Perry (like the one last year). There will be a lot of flooding. But it will recover.

@somerando9475 2 ай бұрын

Well unfortunately for Sarasota at least my hometown, this is probably the worst hurricane that's ever hit us. It dumped 1.5 ft of rain and flooded out More neighborhoods than I've ever seen here. Just talked to a guy this morning who says he's got 3 ft of water in his house

@2reelyakrz481 2 ай бұрын

@@somerando9475 sorry to hear that. You have my sympathies

@somerando9475 2 ай бұрын

@@2reelyakrz481 I appreciate it. Myself and all my family are fine. We were in the dryer areas, but a lot of people got really hurt by this.

@donnahalperin2840 2 ай бұрын

The prices of everything is overwhelming lately. Staple grocery items seem to go up another dollar every month. Our insurance is up for renewal soon. Very concerned. Being on a fixed income it’s getting tight…

@Spammflavor 2 ай бұрын

I lived in fl most of my life, i was young when i moved here. Fl was fun 20 years ago, now its a nightmare. My advice is not to move here. I'm making arrangements to leave fl. Im hoping to go in the next 1 2 years.

@mikemikes4618 2 ай бұрын

In Clearwater insurance is already high!

@williamelewis464 2 ай бұрын

Personally I’m more worried about the 5-8 ft of sustained sea water that NOAA says is coming to all coastlines that is going to turn most towns into new fish homes in the next 8 years.

@2reelyakrz481 2 ай бұрын

A major hurricane skimming the coast, hitting the Keys, Miami, and Jacksonville up the East or Ft Myers, St Pete, and Tampa up the West would absolutely devastate the FL real estate market for a long time. I don't know if all of the insurance companies will fail, but quite a few will. What's happening is a "the perfect storm" situation for a complete financial disaster. The sheer amount of people moving into FL from CA, NY, NJ, MI, etc at the pace they were moving in created (or inflated ) a bubble. The higher-than-normal high-dollar houses (which needed insurance) and record inflation created an enormous risk for insurance companies. Insurance companies have their reserves mostly in the form of investments made in the past (in this case, low interest investments from prior to the record inflation). The liability risk for the insurance companies far exceeds their reserves and will until everything can balance back out - which may take quite some time. And this is assuming the Fed doesn't keep making the underlying situation worse - which I wouldn't bet on them not making it worse. The result from all this is a massive crash of the entire real estate system if there is something devastating enough. If everything is allowed to stabilize for a long enough period of time, there would still be a correction, but not a devastating one. I'm concerned about a bursting bubble (crash), though hoping for a slower but steady correction.

@DeborahThomas-h6x 2 ай бұрын

Florida has long been a state that people want to move to. That won’t change. Sure, there are blips on the graph, through the last 100 years. Florida is still the state people want to live in.

@clearviewmarine 2 ай бұрын

One solution is to put a cap on coverage for multi million dollar houses that are being built in a known hurricane state. If you’re wealthy and want to roll the dice on building a mansion in that environment then you take the risk. This would lower or should lower the average insurance rates.

@TheOriginalHuckleberry 2 ай бұрын

Where there is rent, there will be destruction.

@SuperQdaddy 2 ай бұрын

Get into contracting business home repair ?

@dancewater216 2 ай бұрын

It is scary, the prices of homes is ridiculous in Tampa. The price of homes are over priced in a lot of States and it is so unfortunate. My Son wants to buy a home and due to the interest rates and over priced homes he can't get the type of home that he would prefer.

@ralphpal 2 ай бұрын

Get Blackrock out and investors out and interests rates won't mean that much cause the houses will drop by 50%

@roncadorette4081 2 ай бұрын

They are built to guvment standards on guvment approved grounds .Nuf said

@Spaethon 2 ай бұрын

One thing that pisses me off about the insurance situation here... We didn't have a single hurricane hit Florida from November 2005 until August 2016. That's over 10 years with 0 hurricanes, and an awful long time to fill your coffers.

@jeltoninc.8542 2 ай бұрын

CEOs line their pockets. That’s the truth, and it’s easy to find the info if anyone wants to truly know the cause of high insurance.

@NicholeOlive 2 ай бұрын

Where are you walking around at? I live near the NAS and I’m always looking for new places to wander.

@vincentengongoro2705 2 ай бұрын

I hate to say this because I know it would cause a lot of folks a lot of pain but the fed should not touch the rate. If the fed lowers the rate it will definitely reignite inflation and they will have no leverage should a major market decline happen and recession hit.. the rates are not that high and keeping them artificially low only makes the pain worse when it does come, and it always does come...always

@V1HOLDER4LIFE 2 ай бұрын

🐍🐊 help keep prices down😂

@MichaelBrown-ny3et 2 ай бұрын

Between the new NAR rules for buyers, insurance, taxes, and the condo collapse kicking in 2025, I’m very thankful I don’t own a home at the moment. Debby is already doing major damage.

@HulaShack1 2 ай бұрын

Well you can thank Biden's DOJ for the NAR changes. Right after the settlement hit the news, Biden flew to New Mexico and said he was going to make housing more affordible by making Realtors get rid of their "junk fees". Then that ratty wigged press secretary said the same thing. So he is screwing the buyers as well as the buyers agents. And NO I am not a Realtor but I am not an idiot and I can see this is just more meddling by Biden. He is also going after repo companies with controlling how much they can charge. AND He wants to go after hotels so they have to balance out their rates. So expensive hotels will have to lower their rates. But of course meddle in all these things but ignore the millions of illegals pouring over our border. Good job Joe.

@endofsociety 2 ай бұрын

I have no idea why homes are still expensive to rent or buy in that area. The big bend and entire panhandle are subject to the most cyclone storms.

@ravenrock541 2 ай бұрын

No, but the insurance companies WILL

@arloc24 2 ай бұрын

Thanks for the informative video,your information is incredible, however, knowing that everything related to investing. I advise traders, especially beginners, to research the market before entering it.I have to say there are more benefits to trading than just holding. Big thanks to Evelyn's Infurna who always keeps me updated. I am so glad I started her program.

@arloc24 2 ай бұрын

SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

@arloc24 2 ай бұрын

@Infurnaevely1

@arloc24 2 ай бұрын

@Infurnaevely

@DannielleRosales 2 ай бұрын

look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying

@銀河のたろー 2 ай бұрын

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

@elifoust7664 2 ай бұрын

SALLY WAS A SURPRISE

@adam_ackerman 2 ай бұрын

Always great content sir. I think Florida is in for some serious problems. All started when DeSantis ran for President, the state went straight downhill

@almoreno3299 2 ай бұрын

It started way before Desantis became governor. The state has been controlled by a Republican governor for more than 20 years and they've all denied that climate change is real. Desantis just made it much worse.

@billmurray894 2 ай бұрын

Before that, but he is absolutely 0 help. He’s 50% good 50% bad !!!!

@ralphpal 2 ай бұрын

He does everything for money which helps some but at the end the working class will.never be rich enough

@bqoutdoors2334 2 ай бұрын

It’s so refreshing to watch your channel compared to bearded Brad or Bama Beach bum. Unfortunately, their channels have kind of fizzled with their content is nice to see new content all the time from you.

@2reelyakrz481 2 ай бұрын

I can't speak for Brad or Bum. I've found myself not watching as much KZbin in general and so I haven't watched their channels as much as a few years ago because I haven't watched any channels as much as a few years ago. I like their content (as well as Brant's fishing channel), but I don't have the time I used to. Nobody's fault, just the way it is. That said, I do appreciate this information (this video and others like it) as it applies to me and helps me make decisions. I don't base those decisions entirely on this content, but it is good input. If I get more time back, I'll watch more of the fishing content. My only suggestion for those is to put as much variety as is practical and reasonable to put in. Beach, boat, bridge, kayak, river, lake, etc. I also really like the underwear fish video. Videos are very time consuming to make (especially the editing), and I appreciate the work that goes into them. So thanks for the content 😊

@bradalden8347 2 ай бұрын

KZbin is getting boreing to me. I fish all the time I’m just tired of watching people fish. I spend more time sitting in my back porch with some tea and I leave my phone in the house.

@2reelyakrz481 2 ай бұрын

I forgot to mention that the fishing videos I like are the ones where the tackle and techniques are shown. I agree with the other post that fishing videos which only show fishing get old (to me) pretty quickly. If I'm watching a trackor or truck repair video, I'm not watching it just to see people fix tractors or trucks - I'm watching them because the content is something I can learn from and use myself. So for me, fishing videos need to do the same (or at least be entertaining) or I'm not likely to watch them.

@bqoutdoors2334 2 ай бұрын

@@2reelyakrz481 exactly no one ever says hey the rod I’m using is a 7 foot six penn rod and this is a Penn battle reel with this kind of rig set up. I wish people did that Bryant does do that every once in a while but no one does that. I love the actual like tackle breakdown stuff

@bradalden8347 2 ай бұрын

@@2reelyakrz481I also use KZbin for learning.

@Rafucho-Dubuc 2 ай бұрын

As a home owner in NW FL, I am afraid of calling the insurance company if something breaks in my home, God forbid. They will drop us for a claim, and there’s nothing we can do. '

@peacefulthrillseeker 2 ай бұрын

Dont do it unless you have major damage because they will criminally increase your premium.

@freewillchoice8052 2 ай бұрын

Citizens picks you up and regardless if you file a claim or not your premiums will go up; smaller insurance companies are coming into Florida to take market share and in a few years the ones that left will be back because of greed as they can’t allow others to benefit without them getting theirs.

@jeltoninc.8542 2 ай бұрын

If you own your home outright I would say it’s time to start self insuring. We have to stop feeding the beast!

@Rafucho-Dubuc 2 ай бұрын

@@jeltoninc.8542 I wish, but no, I am still paying for it, so the bank requires me to have one.

@michaelmorgan9009 2 ай бұрын

why was my comment deleted/hidden? thought this guy being from Florida would promote free speech? I didnt swear or say anything negative either.

@MovingToTheGulfCoast 2 ай бұрын

I didn’t delete anything man. Feel free to post what you want. Sometimes KZbin filters stuff for no reason

@michaelmorgan9009 2 ай бұрын

@@MovingToTheGulfCoast this was my comment.. "close the border, stop foreign investors from buying property. stop domestic big companies from buying single family homes. problem solved" guess yt love to control the thought/narrative.

@michaelmorgan9009 2 ай бұрын

@@MovingToTheGulfCoast I tried to copy and paste my statement from yesterday.. seems its still not showing up.

@parranoya100 2 ай бұрын

Don't sell.

@AndyB718 2 ай бұрын

Florida will need to create a special fund for itself and only itself. Maybe a dime a gal on fuel 🤷

@chriswb7 2 ай бұрын

That’s actually a great idea, and I am someone that generally despises taxes.

@jeltoninc.8542 2 ай бұрын

I agree with the above commenter, that is a great idea. We need to start thinking as a collective. The problem is, most people do not think as a community. The out of state people will just leave if something bad happens.