The 8 Worst and BEST Housing Markets of 2023

[@JerriCarroll-lb4xb]

I think Kansas City metro area is another great option. Strong employment options and still lower housing costs.

[@EveyV0222]

I rarely leave comments but I thought this was a great topic and would be good to see more videos like this. Great to see Chicago mentioned, I feel like people don’t talk much about it even though it is an awesome city and would be great to see more of a deep dive, as whenever people discuss the mid west they just talk about other areas like Ohio, etc. However, I disagree with the comment of cost being low. I’m curious where you buy a sandwich for $5, unless you’re referring to McDonalds or something 😂 Downtown Chicago you pay $20+ for a salad and similar for a sandwich

[@FIRE_DrNinjaTurtle]

I love it when the whole group is there. If Henry would have been there, it would been even stronger.

[@HomeStewards]

I could not disagree more on everything said about Detroit being the worst market. Every property we own in the City of Detroit cashflows at over 1% rule and no issues with City. Yes, there has been a decline in Detroit population since the 50s. But as of last census, Detroit, as well as the entire county had the best net migration since 1950. There is something changing in Detroit. Electric vehicle investments are also going to bring in jobs in the area in addition to better City government which has worked very hard to reduce blight. Detroit is still down, but we are going to enjoy the ride up.

[@StrykerEscapes]

Why is the BP team using qualitative anecdotal data vs actual data to determine what markets performed best in 2022? Example: when discussing Austin...no mention of actual numbers...

[@MarkTucker-bl1jf]

I watch one rental at a time but your my second favorite group now

[@bikenraider99]

....not sure I would call FL business friendly right now.....

[@jillyanmacmorris5176]

THANK YOU FOR MENTIONING SWEET HOME CHICAGO! Love this place and this market, and it never comes up!

[@et7879]

what do y'all use for the jobs/population/infrastructure reports?

[@mandyrose5822]

Are you guys buying single family or apartments bldgs? I can't find multi families anywhere.

[@RealDealsbyChloe]

You need to find off market listings- there is MF inventory

[@Bradtaylorphotographic]

Aren't Insurance costs skyrocketing state-wide in FL? And yes, Chicago is incredible city and still a great place to live and invest, however we are feeling headwinds with taxes, landlord/tenant laws and crime.

[@loulupero4147]

Agree with taxes, depends if your investing SFR or multi family. Red states value predominantly increases. Don’t let taxes hold from purchase. Portfolio in DMV are strong. Depends on markets & when purchased

[@Azarathify]

I'm surprised they did talk about El Paso, Texas

[@followmesky]

AS a resident of CT, correction, not just Hartford CT but ALL OF CT. Its ridiculous theres been no change but an increase and multiple offers. High 300 is not normal for Hartford but over priced. Most of the people that have moved to CT have been New Yorkers who find high 300's CHEAP, meanwhile the natives are suffering and have been out priced.

[@clarkfluegel6875]

Lol, I do work for investors that own hundreds of rentals, they make a killing... Till this day. Decent rental houses are insanely easy to rent out. There's never any issue with finding tenants. And for anyone who knows Detroit, I'm seeing ARVs of 120k+ for renovated houses in the hood. Looks like pure appreciation to me.

[@dieaschum2717]

Are you an investor in the Detroit market? I was born and raised there (in CA now) but I’d love to get into that market!!!!

[@elisabethlernhardt7424]

Having boots on the ground in Reno, I disagree. The TRIC is the largest industrial center in the nation. And Fernley is creating a new tech park!

[@stevendnguyen]

Great content! I like areas below the sunbelt, landlord friendly, population/job growth, and where I have a strong property manager. How I scaled to 90 units.

[@ghezn2480]

Is there any meet up group in the SF bay area for like minded people pls? Thx

[@littlerunner4505]

Comparing Reno to San Diego is really weird and doesn't make sense. San Diego is much larger and had way more jobs. Huge hospitality sector, military.

[@chaitanyautube]

Great insights as always. Love following these discussions. Just curious, what’s your take on NYC market ? Are they trending downwards ? If they are, Is NYC in the same category as other guaranteed to make a come back category ?

[@mandyrose5822]

Laws are all in favor of tenants. That's the issue with NY.... My home town

[@kellywhitter3281]

Agree with Ventura being horrible. I just left an assignment there and just… no

[@HerseyChris]

Two things: 1. The host says live and flip, if you live in the house 2/5 years, 500k of cap gains tax free. Believe only if you live in it the last 2 years. If you live in it 2 years, then rent for 2, you only get 2/4 of $500k cap gains free. 2. When something sells “below list”. Does it include something that was listed at $2m, Re-lists and 1.7, then sells for 1.75?

[@zacharygross1207]

Pretty sure have to own for two of last five and live in for 2 of last 5, and they don't have to be the same 2... but maybe you know something I dont.

[@HerseyChris]

@@zacharygross1207 You can do it every 2 years, and it's a 2 year requirement over 5 year period rule, but IRC 120(a)(5) says that periods the house is not your principal residence are considered "nonqualified use". however 120(a)(5) (C)(ii)(I) indicate that nonqualified use can't occur within the 5 year period if AFTER the date of principal residence. I take this to mean if you live in it for 2 years, then rent it out for 3, and you sell it, 500k is excluded. If you rent it for 3 years, and then live in it for 2, only 40% of the $500k is excluded.

[@mackximus1]

I do like these videos for the perspective, but they're a bit too scientific for me. Here's what I mean - on PAPER, I think a market can look great, but may not be great for real estate fundamentals. Example: Madison was rated one of the top markets (and Chicago was mentioned in that conversation). I live an hour from Madison, 1.5 hours from Chicago, and an hour from Milwaukee. Of those 3 cities, Madison and Chicago would automatically be out, due to their pricing (aka ZERO, if not negative, equity AND cashflow), AND their TOUGH landlord laws. Cherry on top, Chicago taxes are KILLER. Meanwhile, Milwaukee may not show the same type of job or population growth, but it's still a metro of over 1.5 million people. It's SOLID. You can more readily get CASHFLOW and EQUITY. With a fairly diverse economy, it's not dying anytime soon. This is where I chose to invest, and I'm convinced the fundamentals make more sense in Milwaukee, rather than Madison, or even Chicago (specifically the barriers to entry for the beginner investor).

[@MarkTucker-bl1jf]

Your wrong about Nevada Tesla gigafactory is there with google and apple

[@mnooks1989]

I'm an investor in Hartford. Feel free to reach out

[@SamMcKinley]

Memphis, TN?!!! Anybody.?!

[@tryz1419]

THANKZZZ 2 ALL OF U AT BIGGER POCKETZZZ n ALL that R really learning growing sharing n caring for what's going on with 1 of our most important assets in the universal economy LUV ❤️ the DATA FACTZZZ...LETZZZ GOOOOO

[@josephfinds]

You get what you pay for. San Diego is worth every penny!

[@dapartyat]

Tampa is not affordable

[@kathy_fettke]

That's why we invest 20-30 miles out and getting GREAT deals

[@WolfieChannel]

Can someone synthesize top and bottom 8 so I don’t have to watch 52 minutes of clickbait? 😂

[@ratdog213]

When was Detroit a good market...when the auto market was booming? Detroit has been crushed for 20 years.

[@SamMcKinley]

40 years. But I hear it was popping at one time. This is why I question NYC and Los Ángeles always being on top

[@jtowensbyiii6018]

@@SamMcKinley you underestimate how rich some people are vs how poor most people are

[@elisabethlernhardt7424]

P.S. We are getting flooded right now !

[@ld4122]

Geez! Everywhere has gotten so expensive because of greedy investors. Look in the mirror!

[@kathy_fettke]

Prices are up because interest rates were low. Investors make up 22-25% of buyers, and the majority of sales have been to first time home buyers. You could call them greedy for offering over asking price (something an investor does not do), or you could call them smart for locking in low fixed rates for their shelter costs. As for investors, they are actually buying at discounts so you could say they are keeping prices down, except those who flip properties and can only sell for market value.

[@jtowensbyiii6018]

@@kathy_fettke say you are uneducated in the housing market without saying it lol, literally every investor ive ever seen admits that what they do raises prices, because THATS THEIR GOAL, its not evil, its not corrupt, its called capitalism, why lie?

[@christiandennis7859]

Hot take: Dainard is on Adderall

[@soccersprint]

Any gyals out there in San Diego who could make bake?