These builders are getting desperate in Florida. $54,000 price cuts. Huge mortgage rate buydowns. And inventory that continues to stack up. Track the data for your market on Reventure App: www.reventure.app
@torechmanguz653 ай бұрын
Is the panic just happening in Florida or will it spread to States like California Texas or the rest of the United States.
@YuryBadanin3 ай бұрын
Cut prices, but not in Miami area
@loumason61203 ай бұрын
Damn i subscribed to your channel when you had 40k
@BO-mb8rr3 ай бұрын
@@torechmanguz65 Texas especially Austin, TX is crashing rent prices and home prices.
@papilucca13 ай бұрын
54k cut and those houses are Still overpriced.. they need to cut 50%
@cantstandtheestablishment40043 ай бұрын
Homes slapped together, sloppy work, and the builders are still asking a premium price? Are you kidding me? That 2600 sq ft house is NOT worth $400+K.
@rustyshaklford95573 ай бұрын
I was going to say it looks like a barn, but barns have more character.
@kennethkirklin69593 ай бұрын
Just like Pulte and DR Horton junk
@Carponchia-z8k3 ай бұрын
That's worth 1M in Canada now
@mr.frandy76923 ай бұрын
It's worth whatever someone will pay for it... technically. Lol. You can whine and moan all you want.
@l2xsniper13 ай бұрын
Homes like that were easily in the 200's. They are awful construction though.
@miriamwallwin78683 ай бұрын
What you present as huge decreases of asking prices is a joke. These homes have been so over priced for so long that 50% would be a good starting price and then negotiate down
@Celtics20253 ай бұрын
That has literally never happened before. Should have bought 3 years ago. I bet you were whining back then when houses were 50% lower in price and rates were 200% lower. Bad hit bro
@Rich-hm9ux3 ай бұрын
Exactly!
@davidmann25243 ай бұрын
You realize this doesn't happen overnight...that house will probably be 350k in a few years
@fishydubsfishing65163 ай бұрын
It's like the buy one get one free at the store the one that you buy the price has been doubled in it
@davidmann25243 ай бұрын
@@Celtics2025lol you have to be an idiot to not see what's about to happen to the housing market...I wish you well
@Erikkurilla01Ай бұрын
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
@jessicasquireАй бұрын
'Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
@PajinakStanovskaАй бұрын
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@PajinakStanovskaАй бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@thehealthcarespot3 ай бұрын
It's not just the price, it's the insurance as well.
@msbeecee13 ай бұрын
💯
@sheabilladeau13923 ай бұрын
And the property tax. Some states have homestead exemptions that cap the increased property tax to 3% or something. When you build a new expensive home, you just pay that high property rate right away.
@Nobodyspecial51503 ай бұрын
Interest rate👎🏻
@GeoTactics3 ай бұрын
Price - insurance - HOA fees - taxes... it's all going up and consumers can't do squat about it.
@guzmancharles73 ай бұрын
Spot on, we were thinking to return to FL but prices and insurance will keep us away.
@albacus2400BC2 ай бұрын
My wife and I sold our house in Florida and moved to Texas. I invested some of the money from the sale in the stock market. The portfolio is up 300k this week. I guess she knows the investment is making profit, but we've never really spoken openly about it. It's one of the best choices I made.
@NormanGhali2 ай бұрын
Wow, that's a good ROI. You trade or you have been holding all this while?
@albacus2400BC2 ай бұрын
Oh no, I don't really trade. Too complex and random for me. I work with a financial advisor.
@hildeman95332 ай бұрын
That's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?
@albacus2400BC2 ай бұрын
It's not very difficult to find. Marissa Lynn Babula is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.
@bestofcountry76372 ай бұрын
Thanks a lot for the recommendation. I'll check her out and I hope I'm able to connect with her.
@gogglespaesano16193 ай бұрын
That's what happens when you pay 30/50% over fair market value!! People learned absolutely nothing from the 2008 market crash!!
@Celtics20253 ай бұрын
I hope so. I’m stuck in a starter home I bought In 2010 for 165k. Refi’d in 21 for a 2.2 15 year rate. I want a bigger home not on a main street but I’m not paying a 6 plus rate.
@Bread9963 ай бұрын
These aren't individual homes that are overpriced. The whole market is high. This is/was "fair market value". If you want a house, you have to pay.
@rollthers31573 ай бұрын
I almost feel sorry for them. Almost.
@ttgk85063 ай бұрын
Everyone I know seems to be willfully ignorant and tells themselves the party will never end. These are the same people that didn't learn in 08 and 90s
@standinginthegap71183 ай бұрын
Exactly
@LinaresAnthonio3 ай бұрын
We no longer have a mortgage, my husband is retired and wants to travel to Thailand. We don’t splurge, but inflation has hit hard, and I want to relocate while DCA-ing into his TTSA, which is less than $400k. I'm cautious with rising costs and have discouraged the idea due to current insecurities.
@StephanieTroy-dp5gp3 ай бұрын
Roughly how much do you have in the RRSP? A financial advisor can help grow and budget your money for travel. My spouse and I always delegate our excesses.
@MariaRosewoodjane3 ай бұрын
Hiring a financial advisor means getting help with cash flow, investments, risk management, estate planning, and legacy.
@LarosaJannet3 ай бұрын
An advisor can help you visualize how your RRSP fits into your overall plan and determine the best investment strategy.
@LinaresAnthonio3 ай бұрын
The ones I find are young and charge 1%, which I’m not comfortable with.
@StephanieTroy-dp5gp3 ай бұрын
Our FA emphasizes creating "worth-living assets" like memories, pursuing interests, and family trips, while growing finances.
@alexsteven.m64142 ай бұрын
Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
@NorthCarolinaForward2 ай бұрын
Inflation has not always been around there was a 15 year period of deflation. Yes as prices went down income went up. Once you go to Fiat currencies with no tangible backing then inflation is an intentional factor. Patience, Cash on hand & Short Term Investments are key
@brantheeskimo2 ай бұрын
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
@antoniaribeiro80732 ай бұрын
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
@brantheeskimo2 ай бұрын
"Rebecca Nassar Dunne" is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@MarcyLoccy2 ай бұрын
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@1on1IDPsoccer3 ай бұрын
I work as a PM for a large builder, everything in this video is as accurate as they come. We have 30+ sitting specs all with massive price cuts and buyers dropping all the time. Hard being boots on the ground in a business with poor quality trades and high expectations. I would recommend all buyers get a 3rd party inspections, if your builder gets upset too bad. I prefer it, because I am human and cannot catch all the things in these homes. Love the channel help me stay ahead of my coworkers and prepared my family to brace in place for foreseeable future.
@vegasprogambler53363 ай бұрын
what is the actual ALL IN cost to build these homes? in 2008 houses that cost $240,000 were being dumped for $80,000 just to get them off the books. THATS when we get rich...buying below cost.
@kurtleo35293 ай бұрын
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
@leonardives19913 ай бұрын
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
@patricia_nura33783 ай бұрын
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
@leonardives19913 ай бұрын
Jennafer Beaver Turner is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment
@patricia_nura33783 ай бұрын
I just copied and pasted Jennafer’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
@creissantrocheleau9463 ай бұрын
Jennafer Beaver has really set the standard for others to follow, we love her here in Ontario Canada 🇨🇦 as she has been really helpful and changed lots of life’s
@jaredjonesontv3 ай бұрын
KB is the Spirit airlines of homebuilding.. hands down.. Its tough to resale because their stuff is so cheezy.. I get that people need affordable housing but man.. they should be half the price for the quality
@enzohballad79223 ай бұрын
Amen straight to the point them and Ken at are priced like a semi custom home in Tampa they are trying to price their houses as homes by westbay that doesn’t make sense and when you look at the sqft it is ridiculous, between I watch your videos and I am subscribed to both of your channels keep up the hard work. Love your videos and sincere input.
@ericdelevinquiere99023 ай бұрын
You cut the prices in half and then you might have a slow restart but anything less will just slow rot.
@thewatcher58463 ай бұрын
I agree. The homes are only worth about 2/3 of the actual price..
@johnnyrobinson81683 ай бұрын
What builders would you suggest?
@bekind57383 ай бұрын
I sued KB Homes and I won in California .Let that sink in.
@feilisong243 ай бұрын
Breach of contract? Construction defect?
@claudinem62073 ай бұрын
I’m curious because Ive been waiting to buy and am scared of purchasing a new home due to the quality of these homes. Lots of friends in new DR Horton homes that are falling apart in Tucson 😮what was the reason you sued?
@charlesstevens38453 ай бұрын
@@claudinem6207DR Horton and KB homes are notoriously bad. I’d look for a house with a more reputable builder than those two.
@pitt56743 ай бұрын
stop lying
@bekind57383 ай бұрын
@@feilisong24 Construction Defect
@DonaldMark-ne7se2 ай бұрын
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
@kevinmarten2 ай бұрын
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
@Jamessmith-122 ай бұрын
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
@JacquelinePerrira2 ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@Jamessmith-122 ай бұрын
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
@JacquelinePerrira2 ай бұрын
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
@cindyonyoutube3 ай бұрын
That homeowner interview was very interesting.
@RaymondKeen.2 ай бұрын
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
@SandraDave.2 ай бұрын
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
@Jersderakerguoe2 ай бұрын
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.
@ScottKindle-bk3hx2 ай бұрын
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
@Jersderakerguoe2 ай бұрын
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@nicolasbenson0092 ай бұрын
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
@JohnnyLightningV103 ай бұрын
54k should be 54%
@mr.frandy76923 ай бұрын
@@JohnnyLightningV10 you act like $100,000 is a lot of money these days. It used to be.... not anymore
@JohnnyLightningV103 ай бұрын
@mr.frandy7692 You respond like the son of a dealership watching your nest egg go bye bye 🤣🤣🤣
@mr.frandy76923 ай бұрын
@JohnnyLightningV10 nope no nest egg.. but I have woken up to the fact that inflation is painful and here to stay.
@JohnnyLightningV103 ай бұрын
@mr.frandy7692 Yeah so you are an expert in economics? PHD?
@mr.frandy76923 ай бұрын
@@JohnnyLightningV10 Haha, are you saying inflation isn't a real thing? Are you aware how much money was created out of thin air in the last 5 years?
@MB0313 ай бұрын
We bought a house in FL in 2007 for $500K and it dropped in value to $285K in 2010 and today is back up to $835K, something is wrong, but this will happen again !!!!
@nitroneonicman3 ай бұрын
I'm sure you're glad it has appreciated but man wouldn't it have been nice to buy it at $285k?
@gregh74573 ай бұрын
i saw pretty much the same thing you did. i bought in april of 08 a foreclosure in hawaii thinking the situation wasn't going to get worse. In sept of 08 lehman bro's went belly up and the market spiraled downward. I paid 428 and zillow showed it was 600 at the peak of 06 so i felt a little lucky but still watched it lose about 150k. I held onto it until 2022 and sold right before interest rates started going up. I got 8 offers and all were over listing price and sprinkled those offers were love letters from buyers. You are right, this will happen again. Its just a matter of time. You should seriously think of selling at 835
@Celtics20253 ай бұрын
@@nitroneonicman most people buy when it makes sense. You buy a house to live there and raise a family in. If it goes up great if not who cares if you can afford it.
@mrskinner84733 ай бұрын
Yep. It will drop a lot more
@KohBril3 ай бұрын
Good on you for staying put. Most people didn't have the nerve to. Nice profit!
@tatersquad20003 ай бұрын
That talk with the local was the most insightful and entertaining thing I've seen in a while.
@steven43153 ай бұрын
Sounds like she had better learn to love the area, she's gonna be there a long time.
@msbeecee13 ай бұрын
Yeah it was pretty raw 🎉
@Paetaor3 ай бұрын
I built custom on a prime lot that we got from my wife’s mother. Hired a guy to oversee everything and 10 years later I have not had a single issue.
@JD-xo3xz3 ай бұрын
After touring some track home builders and seeing the shoddy materials and workmanship, we purchased a 1/2 acre lot near the water for $60k. Found an honest custom builder, and ended up with an ICF home with standing seam roof and other hurricane resistant features for the same cost as the track homes. This one will be livable when the others are blue tarped.
@joemancurreri66353 ай бұрын
I have been here in NE Florida since 2005. built over 10 homes, working with local builders. all amazing workmanship.. real pride in their work. If you buy a home in a huge development, like Del Webb, the finishes are sub pare, But all homes meet the national Building codes. Please homes in Florida have an over lay code to meet a CAT 5 hurricane.. all this you tube stuff is junk news. making the you tuber $$$. The folks that are stuck up North love this stuff. Hope it keeps them in NY and NJ. (and MA, PA, IL, WA, OR, CA, Ct, VT, NH, DE, MD).
@HedgeFundCIO3 ай бұрын
The local was your whole podcast, she told us everything we need to know about Florida (many of us who live here always knew it).
@IsaacCastor-kq2ky3 ай бұрын
He doesn't know shit
@claytonbigsbee66393 ай бұрын
listening to the owner was eye opening. I now believe we're going to see a massive foreclosure wave worse than 2008. wow
@CoachStaci3 ай бұрын
The prices in Florida are so elevated way more than they should be. Florida stuff used to be dirt cheap. So the prices have to come down way below $54k to get to a real level.
@lmk07993 ай бұрын
The prices aren't 54k. That's the reduction in price
@jarvisaddison85603 ай бұрын
Try telling these fools that thought prices were just going to keep going up. In Florida?
@selecttravelvacations74723 ай бұрын
My sis bought a house in Clearwater for $70K in 2000. It’s worth $380K now but still looks like a $70K house except for the new windows and doors she just got to upgrade the house. Still, she could likely sell it quickly if she wanted to because it’s under $400K so still “affordable.” Something has to give with the housing markets.
@selecttravelvacations74723 ай бұрын
@@jarvisaddison8560they did keep going up and up but what goes up, must come down.
@nottelling48283 ай бұрын
@@selecttravelvacations7472 : I don't know about selling it quickly. We bought a new build just last year for $417k, put $17k in upgrades, and are now trying to sell it for what we bought it for ($417k), and we haven't had a single in-person viewing or offer. Per the average home appreciation rate in Florida, we should be around the $450k mark, so there's definitely a market issue. Central Florida area for reference. There are also a lot of new builds in the Clearwater area, so your sis couldn't compete with them at that price point.
@flauze3 ай бұрын
No pity or sympathy for people who OVERPAID because of FOMO. For all the rest of us waiting, Good job !! Keep holding the line, and it will be our turn
@Neighborsteve-e7q3 ай бұрын
Down 54,0000. Ok thanks man........ Now Let me know when the homes have a $200,000 price cut. Next February I will be making offers at or around assessed value. Not in Florida.....taxes /heat 100°
@frankyhonnolus55283 ай бұрын
The point is it’s beginning to happen, not that we’re at the rock bottom. Don’t be a baby. By the time it becomes $200K, you won’t have money. If someone like you can jump in, it’s not a depressed market.
@nitroneonicman3 ай бұрын
Perfect! The more people like you that spend all your money at the top of the market will just make it even better for us who wait to buy at the bottom. So thank you in advance!
@jonathantaylor69263 ай бұрын
Homes do not get a 200K price cut... they get four 50,000 price cuts over several months.
@CaptainCaveman11703 ай бұрын
We can fully expect the government to keep doing everything under the sun to slow the decline. 18 months is the minimum wait from here for a decent deal. Bottom probably in 27.
@CaptainCaveman11703 ай бұрын
@@frankyhonnolus5528So, you know his financial situation? Or just being a troll?
@bt_explorer3 ай бұрын
I bought a DR Horton home in 2005 in Arizona. When the Monsoon came 6 months later my house started flooding via the smoke alarm hole. Nerveless I sold and moved out to never return to a tract house.
@JohnEastmanExAttyAtLaw3 ай бұрын
The prices are not actually crashing. A house should only gain about 2 or 3 percent in equity a year. These prices are going back to where they should be in 2019.
@ocmetals46753 ай бұрын
Right... known as a crash. We don't refer to the 2008 crash as the "prices went back to where they should be in 2002" event.
@alexleanh3 ай бұрын
Nah, 2016. I calculated using my own house as the subject against a 3% increase each year.
@nitroneonicman3 ай бұрын
@@alexleanh You have to factor in wage inflation though. Wage inflation didn't keep up with goods inflation but it did accelerate in 21-23, so I think home values would have appreciated at the same rate as wages during that period. They still have a long way to come down nonetheless.
@JohnEastmanExAttyAtLaw3 ай бұрын
@@alexleanh that depends on where you buy. in some markets, the home will never gain equity because nobody wants to live in the area.
@JohnEastmanExAttyAtLaw3 ай бұрын
@@ocmetals4675 no. those houses were never artificially inflated in the first place. homes that were worth 100k went up to 250k within a year? you had people whose rent went up 500 bucks on the next lease. that is not possible. that is why everyone tried to sell their homes. they were looking for suckers. the agents knew what was going on. this is why they rushed people to buy. told them they had to because the prices would not stop going up.
@Muller_Andr3 ай бұрын
I’m a new dad, I moved closer to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
@AnkurYo3 ай бұрын
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
@Jennapeters1443 ай бұрын
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
@AadhilaEesha3 ай бұрын
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year.
@Muller_Andr3 ай бұрын
this is all new to me, where do I find a fiduciary, can you recommend any?
@AadhilaEesha3 ай бұрын
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
@JoshAllen993 ай бұрын
I bought a home from KB in Magnolia creek just in Riverview FL right by Parish. Same builder area as this one. I walked away from a $7k deposit and $1200 we paid at the design studio
@joshuatatum14963 ай бұрын
I’m in Texas and walked away from my $6k deposit and bought a pre-owned home for $100k less. Best thing I ever did.. Look at pre-owned homes and low ball the shit out of sellers and one will bite, that’s what I did!
@jsd3543 ай бұрын
KB Homes, bad huh? Usually your first loss is your best loss. You probably made a good decision.
@Jersey19713 ай бұрын
You dodged a bullet. Riverview is crap now especially all that nasty traffic on the 301
@nysavvy92413 ай бұрын
@@Jersey1971 Yes, I lived there for 2.5 years. Sold my townhome last summer. Happy I did.
@fit4ya19752 ай бұрын
@@nysavvy9241 Really? Where did you end up? I've been lookin for good areas. I'm 49 retired LEO and looking for a safe yet affordable for one income to live off of.
@senorhayomayo3 ай бұрын
Every time I spoke with a KB home owner in Texas, they hated the builder. Lots of problems, issues unresolved, denied warranties.
@Elder-Bryant3 ай бұрын
Sounds a lot like Lennar
@drinkely82353 ай бұрын
I don’t think it’s KB alone. I bought from America West and they screwed me also. I believe what is happening is lots of liars and NO ACCOUNTABILITY from the developers. I got pissed off and brought a group of friends about 15 to be exact and we did a picket in front of the sales office. That was well worth my time ! We gained plenty of attention and had the project manager out there trying to get us to come in and talk. I told him to kick rocks !!!!!
@douglassmith30163 ай бұрын
Those houses are going for *$400,000-$500,000?!* Inflation will bring us to our knees.
@johnhotz14003 ай бұрын
And they're not worth $190,000 maybe $200,000 at the most
@SlayerSFoxeR3 ай бұрын
That interaction was all anyone who's thinking about buying a production builder home this year needs to hear.
@AJohnson-m8t3 ай бұрын
Yikes!! Feel bad for the owners, as those houses look like they were thrown up with cardboard. I always knew this would end as a giant game of musical chairs in the latest game of boom and bust in Florida. Best of luck to all.
@antbuddy13 ай бұрын
You need to make more episodes LIKE THIS!
@andredaedone77323 ай бұрын
I sold and left Florida in 2021 when all the people from other states were moving in.
@TheBlissTherapist20233 ай бұрын
Where did you go though ? I need to do the same but need to find a better place to live/ buy.
@leedanielson74523 ай бұрын
There's still moving here like crazy!!! unfortunately lol
@andredaedone77323 ай бұрын
@@leedanielson7452 That is fine, I got out.
@andredaedone77323 ай бұрын
@@TheBlissTherapist2023 I moved to Aiken County ,South Carolina.. I was looking at Summerville, Sumter, and Greenville but ended up here. I also entertained North Carolina but that is getting crazy crowded too. It is cheap here too.
@MB0313 ай бұрын
It's funny many people are moving from CA to FL and people from FL are moving to NC, never ending cycle 😀 but where else to go today ?! I'm still in FL.
@TheBlissTherapist20233 ай бұрын
I live in FL and I see houses sitting but the drops ARE NOT HAPPENING YET! If they come down 5-10k but still 100k overpriced , that’s not really a drop! That’s all I’ve seen so far. Hoping it drops A. LOT MORE or else I’ll be looking to leave FL
@beckytourian3 ай бұрын
Me too. I live in Brevard County and the drops aren't really significant. And people are still putting new listings up for exorbitant prices. I really hope the prices drop in a meaningful (30 to 40%) way.
@JFreeUNC3 ай бұрын
In SW FL, I just offered 80k below asking price to a builder on a 600k home, and they accepted 60k below plus 10k in builder paid closing costs.
@Sassypants19573 ай бұрын
We had a couple houses in our neighborhood in FL drop price by 100,000. Most have been sitting for 6 months to a year. I'm waiting for the bankruptcies. 2008, 2009 and 2010 nightmare again. I say, 2025, 2026 and 2027 are going to be a doozie!
@evan4483 ай бұрын
really appreciate your videos as a young couple without a house im just waiting for the crash in florida
@nitroneonicman3 ай бұрын
I do own a house, but I'm also in Florida waiting for a correction so that I can upgrade.
@frankgriffin62933 ай бұрын
I found a blueprint online I liked and had the main builder who has massive ties to the community build the home. There were a handful of very minor problems and they were good about correcting them. I had never built a home before so I told the builder to put what he thinks was best into the home. He actually did a great job and was not ripping me off. I have been in the home for 10 years now and am happy. Something odd I learned for an AC unit that failed every other year. If the AC stops working you can turn the AC 100% for 2 days and something can unfreeze and it will begin working again! I guess I finally got an honest AC person to look at my AC.
@scottford893 ай бұрын
I left Palmetto FL right next to Parrish. I bought in a DRH new build. I will say my house was well built and multiple inspectors told me so, but man Im glad i sold two months ago. I took my loss and left
@paulamaral54512 ай бұрын
I plan to do the same next June it'll be 2 years I'm also in palmetto my house is well built also by Taylor Morrison
@timj97543 ай бұрын
I owned a kb home, I’d find empty beer cans almost everyday. They use the cheapest materials and sub contractors. I had many problems with the house including a leak from day 1.
@wedealrealestatewdre36783 ай бұрын
Nick great job as always. Just to let you know all FHA and VA loans are assumable. So you can also assume the rate on those loans as well. All you need to do is come in with a down payment large enough to get the seller their equity they are looking for. There are also no loan fees just the transfer fee. Keep up the great work my friend. By the way the content on your website is awesome. I am using all the information you provide to train new agents.
@douglascarpenter54333 ай бұрын
Owner occupied only I believe no investors
@romanoguttadauro61163 ай бұрын
Welcome to Sunny Florida Folks Buyer Beware. Thank you Nick for your honest reviews and insight to the Florida housing market. I've forwarded your link to all my friends.
@blakeh2123 ай бұрын
Now that is wild, I don’t live in Parrish, but I used to have a watermelon field over there as I farm for a living. And as soon as I started watching this video, I told myself, “Damn that looks like the neighborhood they’re building on my old field!” And I was right lol! The people who owned the land sold 600 acres for $50k an acre, absolutely insane! As I was farming that season, I start in January and end in May, they already had houses finished and up for sale. I was also building a house in my hometown at the time and knew those houses were about to be built very poorly with how fast they were putting them up! Very sad!
@georgedreher23223 ай бұрын
As an old-time developer once told me: Builders make their money off the land, the house is just an after-thought. Think about that when you start talking about quality builds.
@bonnieyarborough29182 ай бұрын
Your hard work is our lifeline. Thanks you do so much! You are a smart fellow, and a professional analyst. This type of thinking is what type of thinking style we all need before buying and selling real estate.
@jrjr34123 ай бұрын
$437k for that first house....I wouldn't touch it anywhere over $225k Second house at $512k...maybe $200k with all contingencies enforced.
@drewdrewson13843 ай бұрын
cringe
@unknowndriver66523 ай бұрын
People are losing their minds paying that much for a house
@Gmac_Greg_M3 ай бұрын
@@jrjr3412 haha. Get real. This isn’t the 1990’s.
@jrjr34123 ай бұрын
@@Gmac_Greg_M You're right. The 90s were an era of realistic pricing. This is utter nonsense.
@Gmac_Greg_M3 ай бұрын
@@jrjr3412 pricing was decent but you had crazy interest rates on homes. My parent’s home they bought in 1990 was over 12%!
@HodgeChris3 ай бұрын
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
@brucemichelle5689.3 ай бұрын
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@Justinmeyer10003 ай бұрын
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
@PatrickFitzgerald-cx6io3 ай бұрын
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
@Justinmeyer10003 ай бұрын
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@PatrickFitzgerald-cx6io3 ай бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@acm03323 ай бұрын
We had a similar experience in Buckeye AZ last year. The home we contracted (632k) for new build (Pulte), a similar spec home (upgrade and list price) was being offered for 100k less than our build which wasn't even complete, and the list prices had stalled.
@christophernejman3 ай бұрын
The working-class and retired people are leaving Florida because of the cost of housing, insurance, and taxes.
@Trace-l7k3 ай бұрын
Get a passport and visit Bangkok, when you see the price for a nice condo, one months rent in America pays for a one year lease, you may not want to leave. I sure don’t.
@TheOriginalHuckleberry3 ай бұрын
Over crowded roads.
@thatswhaticallmusic2522 ай бұрын
@@Trace-l7knice chick's too nice massages happy endings all year long huh
@michelleblackwell37983 ай бұрын
It probably only cost the builder $75k to build that cheap house! Paying over $200K for a K&B home is a rip off! Never buy K&B homes!
@adamcarlesco16503 ай бұрын
I've been noticing price drops throughout DC as well. Many properties have cut prices by $100k+ and now there are 50% more condos on the market than there were in 2019. Even in non-boom towns, you're starting to see it.
@robertjova54002 ай бұрын
Thanks for sharing To the lady being interviewed Had a friend 20 years ago like your situation They stood the course. They lived in that custom home for almost 15 years...😮
@EDAWG118853 ай бұрын
I keep hearing the prices are crushing or dropping, but only seems to be down south. I live in the Northeast part of the country these prices here aren't moving.
@leedanielson74523 ай бұрын
It's not that much different here in Florida... prices are going down very little.....
@ravendixon10993 ай бұрын
I live in NC. A huge chunk of the northeast population have moved here. Our prices are stable & climbing. Our increases have been steady but not outrageous so they are palatable.
@Kin-28-83 ай бұрын
The problem is that in order to have "permanent roof" with amenities like electricity, gas and water, either the tenant or the owner must somehow pay insurance and property taxes. As a result, a lot of people live in tents, at least in California, where I presently dwell. Not a single mortgage, tax, rent, or insurance. It amazes me how many folks I meet who tell me they live in their cars. This place is insane!
@Theodorebarba3 ай бұрын
It's becoming more and more insane by the day. Mortgage rates have been rising steadily (already over 7%). I often wonder if I should put my extra money into the stock market and wait for a housing crash, or if I should just buy a house regardless.
@Grace.h-t8o3 ай бұрын
Such concerns also come to me. After 50, I'm retiring early. I'm already concerned about the direction the future is taking, particularly with regard to finances and making ends meet. I'm thinking about investing in the stock market for the first time as well, but how can I accomplish so considering that the market has been in disarray for much of the year?
@Steven-u2u3 ай бұрын
For my part, I can relate to that. My benefits were clear when I started working with a fiduciary financial counsellor. I would always suggest seeking expert assistance in these situations so they can guide you through bumpy markets and simply provide you with indicators and tactics for knowing when to enter and exit the market.
@JacobPaul-n6p3 ай бұрын
That's really interesting. My portfolio is getting smaller; how can I get in touch with your asset-coach?
@Steven-u2u3 ай бұрын
Her name is “Jessica Lee Horst” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
@LuciusKyrus3 ай бұрын
Anyone who bought a home in the past 3 years are screwed. And why anyone would buy a NEW home in an HOA baffles me. The homes are built like crap, and it's an HOA!!!
@elminerosudaka48003 ай бұрын
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow
@reiaysyineh77103 ай бұрын
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
@elminerosudaka48003 ай бұрын
She’s always on watsss app ⬇️⬇️⬇️
@elminerosudaka48003 ай бұрын
+1573
@elminerosudaka48003 ай бұрын
801
@elminerosudaka48003 ай бұрын
6357
@christ91453 ай бұрын
Tampa resident here. Yes there’s demand, it’s Florida. We have a LONG way to go before the general population roll the dice and dive into the housing market. Insurance prices (property, flood AND vehicle), mortgage rates, TRAFFIC, general cost of living. We aren’t even talking about them HOAs and assessment values. It’s going to be a work in progress.
@georgedreher23223 ай бұрын
News Flash to Tampa resident. Now they want to increase your property tax for teacher pay in Hillsborough County. It will be on the next ballot this year. Vote NO.
@christ91453 ай бұрын
@@georgedreher2322I’m Pinellas county but yeah, I did read that.
@rollwithit51503 ай бұрын
I bought a 3/2 with bonus room, pool and lanai, 2 car garage on .27 in Dunnellon FL or 229,000, i put 35k in upgrades, Im still in under275k. I was hoping to sell and make a huge profit but now we done fell in love with the house and area. On the bright side we are debt free!
@4Marktk3 ай бұрын
Someone paid $54,000 more right across the street Homebuilders "kneecapping" all their previous customers . How nice.
@thunderb00m3 ай бұрын
Free market. Buying real estate comes with risks. It doesn't always appriciate.
@NullLang3 ай бұрын
Don't drink the koolaid next time then ¯\_(ツ)_/¯
@rafaelhidalgo71033 ай бұрын
That person will eventually walk away like 2008
@freeatlast.3 ай бұрын
The market will eventually decide the prices, however participants are merely players.
@pagaporvista5693 ай бұрын
this is exactly what happened in the early 90s in the metro DC area, took a few years for people that bought in 89/90 to get their heads above water so they could sell the homes. New homes were going for about $50K less down the street. Same with 2009!!
@jaca7863 ай бұрын
It's messed up. Thanks for sharing.
@slowridefpv96683 ай бұрын
Housing prices spiked when building materials went through the roof and never went down when the building materials came back down.
@breadnaut30873 ай бұрын
Wrong. Housing prices spiked when Wall St started buying entire neighborhoods above asking price.
@alexleanh3 ай бұрын
Building materials never came back down at the same price as before. NOTHING did or will after an inflation.
@privateprivate53023 ай бұрын
This is SUPER informative. My sis bought her house at true market value about 10yrs ago 8n Fla. The value skyrocketed. She thought she wanted a new home but doesn't like the atmosphere right now so she's opted to stay put Now Nick is saying the values may start to come down Im relieved she purchased when she did. She had VA FHA or something like it (dunno if you can qualify or get approved for both). At any rate, watching this o feel reassured that she will not wind up up side down should values decrease... BECAUSE she purchased before values were arbitrarily increased
@ALT_RIGHT3 ай бұрын
7:44 gets to the real point. Not just recession.. its a COLLAPSE!.Get ready
@redeemed32653 ай бұрын
I agree
@ThePerfectSeason19723 ай бұрын
Nice interview!
@milspec82833 ай бұрын
Im in Tennessee, 45min outside Nashville, and homes out here continue to sell like crazy, ive met alot of people like myself trying to get out of metro davidson co because the school system is complete trash and the cost of living is ridiculous. Lived in Nashville for 32yrs and it's taken a complete nose dive.
@seanpaul91643 ай бұрын
I live in Winter Haven, FL and I’m just not seeing this here yet. I’m not sure if it’s going to happen here or not because houses are selling on average $160-$170 per square foot which is around what they have been for a year. Now, a little bit of detail into that, the homes that are around 1700 to 2000 ft.² are around this price. The homes that are bigger than this, can range a little lower, around $130-$150 per square square foot. Lastly, the houses that are 1500 ft.² and under example, are selling for around $200 per square foot. I don’t need to pay $39 a month to see that a crash is not happening here anytime soon I’m afraid. I mean even when interest rates went up I kept thinking like everyone else prices were going to come down but they haven’t. Oh, and by the way, this is for new construction and existing homes.
@dan-qe1tb3 ай бұрын
Nick is either dense, or plays dumb to get vulnerable asset-less lower middle class people to notice the Reventure app. He's a failed mortgage underwriter, so probably trying to get revenge on the business. Suspect his sole source of income is the Reventure app. Travis has a similar story.
@Mytriumph650pre-unit3 ай бұрын
$54,000 still won't cut it, still overpriced.
@alexleanh3 ай бұрын
And yet... they still sell.... hence the saying: There's a sucker born every minute.
@morthanlikely85163 ай бұрын
If you remember me, I've told you that I am in land surveying...I'm usually 2yrs on site before building 🏫. I have been told that all building materials for Single Family Houses is stopped. They are using up what is left. Hence her issues
@ArthurDentZaphodBeeb3 ай бұрын
Buying in fast-growing areas is almost always a terrible decision. The constant supply of new homes depresses existing home prices - people want new, causing existing homes to rarely appreciate. The lady you talked to will take a big loss, and will take most of a decade for the rest to break even. Builders see the bubble and are furiously trying to unload inventory before the bottom drops out. But it happens every decade or so - it's like clockwork.
@papapickett72673 ай бұрын
Love how youre willing to talk to people who live in these places and get the inside scoop. Thats journalism. I did notice that whatever shoes you were wearing were squeaking so much I couldnt stand to watch the entire video.
@Christiane0693 ай бұрын
I used to be General Contractor in southern California. There are two major rule to buy a house. Rule number one: Never, EVER buy a track home. Rule number two: Refer to rule number one. PERIOD.
@joaquincortada14833 ай бұрын
The supervision on these track homes suck.
@seanm9543 ай бұрын
Why not? That’s all that’s being built right now.
@Matt_K3 ай бұрын
Why? When I was moving from Northeast NJ to Northeast FL, I had to buy one of those because in '21 there was no inventory. So I'm legit interested why it's a bad idea.
@batcactus60463 ай бұрын
That's a tract home, tho.
@Christiane0693 ай бұрын
@@Matt_K Poor quality. I work as a supervisor on several project, so I know what I am talking about.
@brianborkowski59773 ай бұрын
People are forgetting that a seller of an empty home with a 443k mortgage at 7.1% in the 1st year pays 3k/month,which is nearly all interest, plus property tax and PMI, and home insurance. So likely 4k/month loss on investment (on top of loss from original costs to buy and sell the home plus the loss if they sell below the purchase price)
@PatrickFoley-vf3lr3 ай бұрын
Prices here in New England are still up up and away. Here in RI, a state never known for good jobs, the median price is now 494,000.
@breadnaut30873 ай бұрын
That is absurd. RI is a shithole.
@paulamaral54512 ай бұрын
I'm looking to move back sometime end of June next year but I look at the prices RI and MA worse in MA still very high hope they start dropping somewhat
@gregs86853 ай бұрын
Nick, great video as always. When you talked about the seller trying to flip that house you said he’s owned for a year and has a 7.1% Apr mortgage. It would be interesting to see an illustration of what the monthly carrying costs are for one of these homes. Mortgage interest + HOA + insurance + taxes. The interest costs for a 7.1% mortgage, especially in the first few years, must be insane. With the way amortization works you’re paying almost nothing toward the principal which adds to the pain of the dropping value.
@saadhussain61553 ай бұрын
Surprised you didn’t mention anything about buyers now having to pay the agent fee???
@geysi61223 ай бұрын
Forget the interest rate! It is all about the purchase price!!
@dan-qe1tb3 ай бұрын
Lots of wealthy people from New England can afford to pay cash, and don't have to buy insurance either. It isn't fair for the locals in many touristy towns where snowbirds like to spend money during the winters.
@kaptaan_original3 ай бұрын
Nick getting eaten alive by bugs. That's something no one talks about in Florida.
@nitroneonicman3 ай бұрын
a few skeeters never hurt anyone
@kaptaan_original3 ай бұрын
@@nitroneonicman especially if you have lemon balm or other product to keep them away. Btw, it's the noseeums that cause the real problems
@nitroneonicman3 ай бұрын
@@kaptaan_original The noseeums don't affect me much tbh, my gf does get crazy rashes from them though.
@tobyk51493 ай бұрын
F that noise
@noel48543 ай бұрын
@@nitroneonicmanmosquitos are the deadliest animal on the planet
@bloodyblade9163 ай бұрын
You're great at your job young man you explained everything perfectly
@Brookm-e2q3 ай бұрын
The $54,000 cuts are still not enough!!! Prices are still wayyyy too high! Doesn’t make a difference honestly
@yeshiwasengda18533 ай бұрын
Reventure Consulting video is always my choice As a home buyer I am waiting more affordable Video Thanks a lot
@christophergaudreau92653 ай бұрын
Florida is a LOW WAGE state. The reality is "most" Florida families cannot afford any more than a $200k house. And that is the Absolute TOP of their budget . . . $150-175K would be more REALISTIC . . and EVERYTHING is more than DOUBLE at $400K++
@georgedreher23223 ай бұрын
Live 25 miles east of Tampa in an established peaceful neighborhood. Purchased 4/3 pool home on large lot in 1997 with $cash for $165. Added double-pane windows & fiber-optic internet years ago. Staying "hunkered-down" at present while this economy is destroyed.
@croomcas3 ай бұрын
It's cool to hear from people who actually live in the places you visit.
@originalk91113 ай бұрын
Yeah lol $54,000 price cut from a $500k house still expensive for 99% of us, so we all will wait couple years for the really price cut .
@Handcock17023 ай бұрын
Just the start
@ArthurDentZaphodBeeb3 ай бұрын
Sadly, housing almost never drops as much as one rationally thinks it will. In the Great Recession, the worst case was ~30% decline and it was vastly worse with so many Liar Loans and unemployed. I'd expect a 20% decline in vastly overbuilt areas (Florida/Texas/Nashville etc). The economy is significantly better today - record stock market/near-50 year record low unemployment. People are working and their 401Ks are flush.
@maggiemay1434Ай бұрын
I don’t know how this ended up in my feed, but this guy is catastrophizing a normal supply-demand cycle. This is not a repeat of the 2007 housing crisis.
@charlottepeukert90953 ай бұрын
It's called price correction due to the upcoming recession. What I don't understand is, how people even consider buying these houses. They're located in an unattraktiv area, away from any infrastructure.There're no shops, no supermarkets, no medical practicinors, no vets, no gyms, no car repair garages, no schools, there isn't even a cemetery near by! Where's the park?!It's a housing desert. And don't even get me started with the poor housing quality. Why aren't these houses build of solid materials like brick or at least concrete? That's all wood with plaster and cardboard. A house has to be build for generations to come, especially if they ask you to pay 400 000 for it. I expect a well build palace for that kind of money!😢
@sarahporretta32683 ай бұрын
We love your analysis. I sound so much smarter after we listen to you!
@DMill7913 ай бұрын
Builders probably only spent 80k in materials and 30k in labor to throw the homes up.
@bvswtwolves213 ай бұрын
Ashton Woods home tried to sell me on a 3 bed townhome for 429K $200 hoa in Atlanta. Feel like I want to pull trigger but the home were thrown up so fast and they cut it by 30k. They keep telling me I will miss out
@TexasRiverRat312543 ай бұрын
In ten years you'll be replacing all the appliances, most of the windows, doors and even some of the HVAC equipment because they're using the cheapest units on the market. It's a no win situation unless you can find an existing house where some owner went through and fixed everything, passed away and the family just wants to unload it and split the cash. Good luck!
@its_foiАй бұрын
To be fair, any house made with cardboard and drywalls should be list cheaper compared to houses built with bricks, clay, and cement with metal stakes… Florida is at risk of getting flooded and hurricane, which are not in a great term with drywall, cardboard and wood in a long term due to humidity that can create mold.
@jp__8783 ай бұрын
Live in the Tampa Bay Area all my life never heard of “Parrish, Florida” before. Looked it up and there is absolutely nothing out there 😂
@georgedreher23223 ай бұрын
Live in the Tampa-Brandon-Valrico area. We used to go down there years ago to pick vegetables for canning. Back then it was nothing but "flat" farmer's fields.
@AngelEyes-xm7el3 ай бұрын
The insurance and taxes are horrible in Florida.
@RobertCade-s3z3 ай бұрын
$54,000 price cut sounds good until you consider homes in FL are 30% overpriced. That would mean that the house should have been dropped 30% or $120,000 just to be in line with the rest of the market. No thanks.
@LosShorts-ys2ic2 ай бұрын
Thank you for your excellent videos and for presenting facts rather than opinions, which is very valuable. I enjoy your videos, and I feel everything you’re saying is accurate. To see what you're talking about, drive north on US 27 and the area of Davenport, Haines City, and Orlando.
@NatashaMurphy-zf5rj3 ай бұрын
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance or fear of the market crash, but if you want to make your money work for you...prevent inflation, start investing.
@JenniferAddams-t9v3 ай бұрын
Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?
@williandouglas81403 ай бұрын
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
@AlexSloan-w8o3 ай бұрын
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor such as Stella Cornwall can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
@gabrielwade95753 ай бұрын
Stella Cornwall stands out from other financial advisors because of her realistic approach, unlike those who often set unattainable targets and fail to deliver. She's truly unique!
@ZoeBarnes-u5s3 ай бұрын
I totally agree! Her transparency is something I really admire. She's open and honest about everything.
@andreac33623 ай бұрын
At 7:51; is that driveway fenced in?
@GregF-k7w3 ай бұрын
Florida has too much traffic and humidity.
@ryanotis72893 ай бұрын
Great work Nick!
@BIgBass2553 ай бұрын
Price sells everything. I'm waiting for the absolute forclosure auctions.
@jt29643 ай бұрын
My husband just got back home from Home Depot. He overheard a guy on his phone telling his laborers that they were being let go, and, hopefully he can bring them back after January 1, 2025.
@jerrycampbell-ut9yf2 ай бұрын
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
@Peterl42902 ай бұрын
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
@larrypaul-cw9nk2 ай бұрын
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@sabastinenoah2 ай бұрын
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
@larrypaul-cw9nk2 ай бұрын
Annette Christine Conte is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment...
@sabastinenoah2 ай бұрын
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.