Top 10 Cities in Florida that will Crash in 2025.

[@ReventureConsulting]

Florida's housing market is set for big declines in 2025 if the current trends hold. Especially for the cities on this list. Head to www.reventure.app to see the Home Price Forecast for your city and ZIP code. (You can also see how much prices have already dropped on an aggregate level by looking at Home Value Growth YoY and MoM).

[@CharlesB-NGNM]

I'm a subscriber. I'm using the app in my research to purchase a home in the metro Atlanta area or in the North Georgia mountains. Do you have any insights on these markets and how to determine the percent overvalued number?

[@carltoncarter4831]

Isn’t it more so a price correction versus reduction, if you use normal standard long-term average annualized rates of increase versus the overtly inflated prices of the last 2-4 years. 🤔

[@henrythegreatamerican8136]

The area in Pompano (and Margate) I used to live near had values of homes sold over the last few weeks drop from $360k to $298k. Those were actual homes that sold, not just listed for sale.

[@henrythegreatamerican8136]

The cynic in me wants to tie this politics. As states become more red, people slowly begin to flee the state. Florida can now be considered a red state, and the economic policies down there are favored towards investors over working people.

[@lnicole2504]

Literally, I have been hearing you say this since 2021, yet I see out of state plates everywhere.

[@lyndelf]

Those of us that live here aren't seeing anything resembling a crash, all we see are tons of new subdivisions going up and more and more people moving here!! Growth, a ridiculous amount of growth, the roads, the beaches, the golf courses, the restaurants, everything is overcrowded and getting more expensive by the year!

[@fasteddierocs]

I have been watching the market daily in central Florida for the last 3 years. All I see is the normal slight home price dips before the spring buying season. Bunch of malarkey here ..

[@neilg1638]

With no infrastructure no doctors or schools or grocery stores can't not even get out of your own road

[@marisadallavalle393]

Saint Petersburg used to be such a lovely town ten years ago. Downtown has become impossible, with high rises being built in every square inch of space. Dust, noise, traffic, it lost all its charm, and rents have gone crazy. Why would anyone want to buy a condo for a half million dollars. The rentals here aren't going down, I recommend you check your sources.

[@MaximusCorleone]

realtor detected 😂, cuz prices can never go down

[@leeanagrant860]

@@lyndelf what planet you on?

[@shamrock32]

10 Fort Lauderdale 9 Tampa 8 Jacksonville 7 Sarasota 6 Ocala 5 Port ST. Lucie 4 Cape Coral / Fort Myers 3 St. Petersburg 2 Lakeland 1 Osceola County

[@winstonsmith6204]

Thank you

[@ceezthaday]

legend

[@12_door_tycoon]

I’m an investor in North Florida and am looking forward to prices dropping so I can buy more.

[@Moose_andSquirrel]

Thank you. You saved me 16 minutes of life I would never get back.

[@helenmercado6063]

Thank you!

[@thephotochad]

Perfect. These ridiculous housing prices can't fall fast enough.

[@Bruceman17]

Give it 15 years and they will be higher than ever all over again. It's a cycle

[@Cerby1979]

That may be good but Florida has the 2nd most expensive property insurance premiums in the nation which will be even higher because of Helene and Milton which caused damage in the state.

[@lrod312]

@@geocam2 Insurance should correct over time, probably pretty soon. One of the reasons for these ridiculous premiums is because of the price of lumber, materials and labor are still pretty expensive. I imagine it has to do with the sheer amount of building permits from the builders. It increased the demand for the lumber etc. so much that it stretched the suppliers pretty thin between the insurance companies and the home builders. It makes total sense if you really think about it.

[@andri9011]

My friend... History shows up it ALWAYS goes up in the long run. Come back here in 5 years and the average home will be 750k - 1 million lol.

[@KeyFactorsPodcast]

@@Bruceman17nailed it

[@Patrick-ml1mg]

Good for all the people that held out and waited to buy. I live in Jacksonville FL. I bought my house 7 years ago when everything bottomed out. Bought a 3 B 2 FB house for 124,000 the day I got my keys the market jumped 25 G already had equity the day I walked in. All good stuff to hear back to reality 👍

[@AnnieHolsen]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[@bartlyAD]

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 trusted advisor in order to navigate this recession and achieve potential high yields.

[@FinnBraylon]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of 483k in just the past 3 quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

[@PennyBergeron-os4ch]

Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@FinnBraylon]

Google Diana Casteel Lynch and do your own research. She has portfolio management down to a science

[@PennyBergeron-os4ch]

I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@mateocaballo]

I dont think ppl realize how few buyers are even able to afford these houses at these levels. The buyer pool is objectively MUCH smaller when the cost goes so high. FL wages aren't anywhere near these prices 😢

[@michaeloconnor6683]

Yeh, but you guys got the best strip clubs -- so you got that going for ya

[@theRetainer]

It depends how you look at it. Any person that was a homebuyer between 2017 and 2020 experienced a huge growth in equity. When they sell, they can afford to buy at the current prices. People that didn't own property before 2021, are locked out for now, until they can save enough money for a down payment. And that can take years.

[@FeelingPeculiar]

They are much cheaper though than many out of state places

[@allanbauer4076]

​@@theRetainerwhen they sell to who?

[@allanbauer4076]

I'm pretty sure the recent hurricanes and the videos of the destruction is going to at least slow down demand from out of staters to come on down and buy a house. A few calm years weatherwise. And all will be forgotten and it will start all over again

[@lnicole2504]

You keep saying that the Florida market is crashing, but the market is far from crashing here in the Tampa area. The prices are still outrageous, and it is hard to make that argument when my realtor friend just closed on 6 houses in November, and has closed on 40 houses for 2024. She is busy as can be. Yes, the market has slowed down, and certain houses are sitting for up to three months, but the better ones are pending in two days, and there are still a lot of cash offers. Also, for every one person that is leaving Florida, two more are moving in. The amount of out of state plates here is crazy, and they are not snowbirds the traffic and congestion is ridiculous.

[@ReventureConsulting]

Home sales in Tampa/St Pete are down 40% since 2021. And supply is at the highest level in 10 years. Congrats to your realtor friend. But she's the exception.

[@lnicole2504]

@@ReventureConsulting If that was the case, home values would be going down much more than they really are. I haven't met a starving realtor yet in this market. Every realtor I know is still killing it. My husband and wife friends who work for Adam's homes are selling new builds like crazy. Adam's Homes is building all over Florida, new development after new development, and I know for a fact that some of the bigger builders are giving point buy down concessions or upgrade concessions, but there are no extraordinary deals to be had in this market. We are still very far away from what happened last time. It seems much more like a price correction than a crash.

[@melvinbarnes6652]

​@@lnicole2504 I know realtors that killed it in 2007 & 2008. Their performance isn't reflective of the market. Although I do agree, it's probably more of a price (very large) correction instead of a crash.

[@lnicole2504]

@@melvinbarnes6652 Yes, some realtors do much better than others, but I think it is reflective of the market in the sense that it shows that there is still a demand for homes, people are still buying regardless of price and interest rates and people are still severely overpaying and the market isn't crashing.

[@RigidRecords69]

Not to mention the traffic in Tampa seems to have doubled in just the last year. Apartments being built everywhere. I don't see anyone moving out, but I wish they would.

[@RPNN]

Florida market is mostly driven by retirees, (vacation or 2nd home buyers). So you can't really compare it to other markets as easily.

[@Dennco2000]

lol most areas that actually reflect substantial buy sale performance are cash buyers not giving two fucks about insurance. Sure monthly rent trailer parks took a hit but let me know when you want to sell your Naples home at a 30% below market value I’m a cash buyer 😂

[@ReventureConsulting]

Home sales are down 35-50% in most major Florida markets over the last 3 years. Seems like the retirees are out.

[@jeffreykiesnoski7984]

@@RPNN I think we’re just at the top of the collapse. Whoever can hold their breath the longest will get massive bargains

[@The1ByTheSea]

@@ReventureConsulting yes, Florida is going to become less retirees . I predict many foreigners will buy 1st or second homes in Florida. Also foreigners moving from cold states to Florida . Watch more and more "ethnic " restaurants will pop up;even in areas where there were few or none .

[@ItsMe-rr9nh]

I bought in 2019 and my property value is up two-folds and holding! Either way, I will be ahead due to buying pre-covid.

[@jenniroden-habeck5171]

As an Osceola county resident 😢 I can tell you the ranches are being sold and the developers swoop in. It’s unreal and sad. We are talking thousands of acres. We try to fight in but it’s too late.

[@designstudio8013]

You cant stop it.

[@judahtribe7]

I don't know why anybody would sell the ranch

[@debpansier6705]

My snowbird neighbor here in Key West sold his house that they never used. They had this property for 20+ years, and sold it for $1.5 million. It was bought by another snowbird that rarely used it also. The new folks owned the property for 2 years and last year when the market was selling like hotcakes, they listed it. The house sold for $2.25 million.

Florida is suited for multimillionaires. We left in '82 to a nearby state for his union job. We had no choice during the bad recession in early '80's. Lots of unemployment. For anyone moving to Fla. it is super expensive and it takes money to live a normal lifestyle now days. We never thought about going back to live there .

[@franklee2683]

Florida. Where homes that I saw going for 125k 8 years ago,now cost 350k. Insurance costs? Tripled in last 10 years. I'm good. But could I sell and find a comparable home at an affordable price? Hell no. If we see the foreclosures like in 2009,oh yes a crash will be a good description.

[@Songs-n4u]

No it didn’t. But cool story

[@user-os6lg9dq5m]

We moved to Florida in 1980 at age 18. We're still not even close to being millionaires, let alone multi. Homes were definitely less expensive then, but we lived within our means. Bought what we thought was our 1st home. Still living in it. We certainly can't afford to move now.

[@Songs-n4u]

@@user-os6lg9dq5m your swamp home is depreciating now ~ MAGA!

[@Anessa-gibson]

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?

[@sakaria-m9h]

Knowledgeable Investors know where and how to put money in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage market conditions.

[@sakaria-m9h]

Knowledgeable Investors know where and how to put money in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage market conditions.

[@BeliaAuker]

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@sakaria-m9h]

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

[@Lucistorm]

Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.

[@KayakDIY]

Cape Coral is crazy busy here. Seeing signs of market price rises. We were going to list one waterfront gulf access property at $650k but now looking more like $700k. Got JRWood realtor team evaluating with us. They said they saw rises in prices in Bonita and think Cape Coral is also on rise. Homes are starting to move. It is so hard to tell. So many variables. Cool software though.

[@AyeChiMama-r7f]

lots of crime in cape coral lately

[@bethpark5896]

I live in Lakeland, Polk County. You’re wrong when you say we weren’t even impacted my the hurricanes. Milton devastated my community of 1600 homes with massive flooding. We’re still personally trying to get our home repaired. Airboat rescues were made, etc. and I’ve seen entire neighborhoods outside of our little community completely annihilated due to flooding. That being said, you’re correct about the massive amounts of housing developments. That without improvements to infrastructure to handle the influx of all that housing. Traffic has gotten out of control.

[@candacewilliams7475]

Agreed.

[@NursissisticOfficial]

I came here to say this. Lakeland got hammered. The flooding was awful, and made worse because of all the overdevelopment in known flood zones. In fact, a good bit of Polk County had pretty significant wind and flood damage, just not from storm surge.

[@dappledsunshine]

Hey neighbor - fellow St. Pete resident here. Been watching this starting to happen for a while but the hurricanes sure shook things up quite a bit more and things are snowballing now I've noticed. I'm glad you made this vid - thank you! Nice to see the validation, and looking forward to the return of balance after all the suffering of local residents that have been ousted from their homes due to the crazy price increases over the last several years. This is such a good thing that's happening - there's been way too many predatory practices going on with the influx of out of state investors over the last several years. It's the ugly side of "growth" and it's about time balance is coming woohoooooo!!

[@GenXBiker]

I just sold my Jacksonville house for twice the purchase price from 15 years ago. It's not as bad in many areas as what the numbers suggest

[@Patrick-yh5yd]

We bought our house in west Palm Beach near the intracoastal for $60.000 35 years ago. Recently sold for $700.000 because of Trump. WHY? Its across the bridge from Mara Lago.

[@CryptoAlex40]

​@@Patrick-yh5ydwho paid 700, feel bad for dem...

[@KeyFactorsPodcast]

Exactly

[@marshallwise1763]

Rule of 72, your house value doubled in 15 years. That works out to be 5% growth each year, not to mention all the carrying cost. Insurance, taxes, repairs ect.

[@normana5924]

@@floridad4717 floridadad, would you mind sharing the link to the inflation calculator you mentioned?

[@Sinha010]

I'm from Lakeland. The hurricane definitely affected us. My mobile home was flooded for 3 days. It's a total loss filled with mold. I had to move. As a matter of fact, FEMA used a picture of my neighborhood on their homepage.

[@OldJackWolf]

We moved north and away from the ocean in 2018 and I consider that a just in time move. If you can, do the same or at least get out of the south. Impacts (from, you know...) are accelerating now.

[@hangdogit]

Lakeland earned its name, sadly.

[@deannablue5925]

We had no hurricane damage in Lakeland this year but the housing prices are dropping. Not majorly though. It’s the HIGH cost of insurance that is driving the increased inventory.

[@ReventureConsulting]

Thanks for the perspective. With that said - inventory in Lakeland skyrocketed well before the hurricane. map.reventure.app/dashboard?geo=metro&dataPoint=total_active_inventory&zoom=5.861654902323569&lnglat=%7B%22lng%22%3A-81.63363161788561%2C%22lat%22%3A28.100420896824687%7D&graphView=true&GEOID=29460

[@BB-id8wl]

Sorry to hear that. Wishing you happiness in your new home.

[@Mrinternational89]

Thanks Nick. Florida will eventually be affordable in the next few years. A lot of people need to be aware of the inventory spike that is continuing to increase daily.

[@pensacola321]

Insurance is a crisis.

[@Wendy-f4q]

After the 2 hurricanes that hit our area twice, our insurance will sky rocket and people that were not in flood zones will now have to pay flood insurance because they had damage too and flood zone areas will change. Also don't forget insurance companies will pull out of Florida as it was done in the past which drives insurance prices to go up even more than they already are. Just wait

[@Lizabitch]

Bahahaha Wait till Blackrock buys up your neighborhood You are screwed my idiot friend

[@leeanagrant860]

Bullsh t

[@robb2069]

Are you kidding me? With insurance increasing seemingly every day of the week.

[@kellyalyse8408]

True. Even though north florida ususally gets missed by hurricanes, the home owners insurance companies are increasing the premiums to spread the risk of south florida and make everyone in florida pay higher premiums to pay for the claims in south florida and west florida...i speak feom personal experience from being a homeowner in north florida...and yes, lackluster demand for buyers...price and interest rate too high...

[@designstudio8013]

Jax has the best weather in the State. No tornadoes like central Fl and very little hurricane damage. Sea breeze helps with the heat.

[@itsybitsybear]

@@designstudio8013 Agreed! Just moved here last year from some very hot states in the west and I love the little taste of light winter we get, spring is gorgeous and the summer is nowhere near as sweltering as Southern Florida. Its still way cheaper than it is pretty much anywhere in the Western states.

[@peggypuskar8263]

If I have learned one thing from living in Florida, it is the land of schemes and deceipt. Anywhere from Ponzi schemes, to insurance schemes, to cosmetically repaired hurricane damaged homes. The hurricane damaged homes are now black mold infested homes. If they have not been properly excavated and mold removed, there will always be black mold ever growing in these homes, in addition to other damages. Insurance has spiked in the entire state, but more so in hurricane areas. Real estate taxes have also spiked across the state. Buyers beware and do your research. This video is a good resource.

[@diedonner299]

Black mold is found in most all south Florida homes, whether they are hurricane damaged or not.

[@peggypuskar8263]

And as we know mold in the home makes for a very unhealthy living environment. Some are more sensitive to it than others. Those with asthma and allergies are highly bothered. And those rebuilds are not disclosing the facts about the hurricane damaged homes. Buyers beware!!!😮

[@robb2069]

At least someone is telling the truth. Thank you!!

[@designstudio8013]

and I am told corrupt building departments like Clay, St Johns, and many others.

[@leahwelch3158]

I think the residents of Polk County may disagree with your assertion that it is not impacted by hurricanes. That county has been hit hard numerous times by hurricanes. My mother lost everything during Hurricane Charlie. There are very few areas, if any, in FL that are not impacted by hurricanes.

[@allisonmeadows2228]

Exactly. I'm in Lakeland. Born and raised. It's ignorant to say there's any place in Florida not impacted by hurricanes. With flooding, wind damage and tornadoes spun off from outer bands. It's not just mobile homes damaged here either. My mom's house got a couple of feet of flooding during Milton, and she's in the Lakeland highlands area. Oh, and power outages for sometimes weeks every year! That's fun! 🙄

[@dadmiraldankbar3720]

You’re missing the property taxes have tripled or more in the last 5 years. Nobody can pay the taxes on top of the homeowners insurance.

[@rpdrpd4153]

Wealthy people can. That’s who is buying and will continue to buy.

[@carolinechristensen3459]

These yearly assessment charges are going to force me to sell and move, where?

[@redbaron6805]

Some of these claims are rather puzzling. The property tax rates are exactly the same, and if you own your house as your primary residence, they can only rise around 3% a year. Property taxes only reset when someone sells or buys a home. If you bought your house in the last 5, 10 or 20 years, your property taxes have barely moved...

[@htabbas]

U have been calling this crash since 5 yrs ago😂

[@bradnewman1405]

Facts lol

[@howietran5723]

That makes him a genius 😂

[@matthewoesch2364]

He did say that this would be like watching a very slow moving car crash

[@sebastianliu2009]

FACTS!!! We should get to together and our own videos saying "he MIGHT be right 5 years from now, look at all his other videos" LOL

[@sebastianpedraza7217]

And you still watching all his videos 😂😂

[@MELVINEt23uy-_]

I remember sitting around a campfire telling my friends to invest in silver n gold and them all laughing at me saying how much of a waste of money that is. But I'm happy I took such bold decisions earlier before now! Imagine investing $2k and receiving $9.5k in less than a week.

[@FRANKLINDSEY-x9zth]

Same happened to my husband for years. Mocked by people that are no longer friends, had to drop them because it wasn't healthy. Now who's laughing?

[@GRAHAM54gfr_]

Truly facing this recession without investment is actually risky, salaries are easily spent off.. This inflation has taught people the importance of multiples income investment helps a lot.

[@FRANoh_ghimn]

Be a homesteader.. abandon USERY debt and baby boomer cities tied to pensions.. they only tax currency.. so learn trade, skill and grow food no tax on that. The cost living is becoming so unbearable day after day

[@KEIROL-te8hl]

I've always wanted to trade for a long time but the volatility price has been confusing and don't know how to get started. Please I want more explanation

[@GRAMOODY-p2c10]

Trading with a professional is the best strategy for beginners as well as busy investors who have little or no time to monitor their trade. I will advise you get yourself one

[@anthonyburrell8524]

Don’t care what anyone thinks I love my Florida ❤️

[@BarefootCowboy]

Good, glad to see it. Growth and prices here have been nuts for awhile. Now mow down The Villages and replant pine trees

[@robinrobine8100]

There were no pine trees here back when. Watermelon and orange fields.

[@rdee7406]

All these negative STATISTICS yet prices are still near ATH. WHAT CRASH LOL 😂

[@Sony72604]

They haven’t gotten the memo yet lol

[@amartay25]

This dude is straight click bait.. he has been saying housing crash since early 2021. Look at his history on YT

[@rockyp19]

@@amartay25and sadly ppl still following him. He’s milking in their money while all these ppl waiting for a crash on sidelines

[@rogerpatry5167]

😂

[@juanmamenendez]

@@amartay25 exactly what i told to my friends lol, just look at the videos of the channels, he is being saying the same things about the crash every 3 months for years, he is an scammer lol

[@tbrophwg]

Nick, I appreciate your data, but there are high demand areas in Lee and Collier County such as Estero, Bonita Springs, and Naples that continue to increase in value. You can't just make a blanket statement that the entire State is crashing. People that relocate to Southwest Florida are not moving here because of the job market. They are high wealth individuals and have the money to buy into the Premium Communities. As you mentioned, Cape Coral has been hit hard with dropping home values for a lot of reasons besides the Hurricanes. Companies like Blackstone and other Corporate Real Estate Investment firms have had a major impact in artificially driving up home prices in Cape Coral and are liquidating their inventory as the demand has started to contract. These are all topics you have covered in your previous videos. My point is that Florida is a very challenging market to predict what the future holds because each city has pockets of high demand properties that are increasing in their value.

[@PolishprinceJG]

International demand in south Fort myers south to naples, its not gonna ever crash there its mostly millionares who move there, worked off coconut road when they first starting building many of those gated communities in 2002 as a young early 20s newbee to florida, since 2002 that entire area got built up with 100s of gated communites from rich people all over the world, and the rich will continue to move to that strip of gated communities off 41 and 75 between Fort Myers and through Naples. Thats a different animal, its not many working people its either old money from Europe, NY and Chicago or current or recent pro athletes or Hollywood actors. This will keep prices up and demand high regardless of the crappy pay in Florida, climate change and the insurance rates going through the roof.

[@KeyFactorsPodcast]

Facts 👏

[@ReventureConsulting]

Homebuyer demand in Collier county is down 48% from its pandemic peak.

[@tbrophwg]

@@ReventureConsulting True, but Collier is massive and includes Immokalee and Ave Maria which is where a lot of bargain hunters were forced to look for new affordable homes when prices were skyrocketing. Try finding a deal on a house in Downtown Naples close to 5th Ave where there is high demand and no new construction. You are not wrong about the overall numbers, but there are a ton of high demand areas in Southwest Florida that continue to appreciate or are maintaining their value. I do find your data and your website extremely valuable for making decisions on future purchases. Keep up the good work.

[@tbrophwg]

@@PolishprinceJG I currently live between Tamiami and Coconut in Estero and demand for properties continues to be high with our home values almost doubling since we purchased at the end of 2020.

[@RicardoRodriguez-b4p]

Excellent information and a great tool for those scouting to move to FLA

[@paulazemeckis7835]

I live in St. Petersburg near the new Whole Foods. No damage at all from 2024 hurricanes. My house was built in 1956 as a block house. I added an addition. Bought it back in 2003. Great decision great city. Love the new downtown skyline.

[@barrygbemc]

He's talking out of his ass.

[@b00010126]

Excellent video. Please do a similar video for Texas

[@greatkisser62]

😂😂😂😂

[@sandihanna768]

Buy the app and do it yourself

[@ReventureConsulting]

Will do.

[@eddiemercado6720]

Thank you for the advice and information.👍🏽😊

[@frankrusso2093]

I wonder how many gallons of Kilz is being used to cover the mold in those damaged homes.

[@koenigdp1978]

^ This guy knows our secrets!

[@rickwohlfiel7649]

Thanks!

[@AQACELECTRIC]

Really enjoyed your video, no fluff, no bs right to the point!

[@sweetpomelo8296]

florida house prices are stupidly high.

[@rdee7406]

@@sweetpomelo8296 no you’re just stupidly lazy and unwilling to sacrifice to get where you want. The world doesn’t revolve around sweetpomelo or your poor expectations

[@faithrada]

Southern New Hampshire is not much better these days. 😢

[@janicebeaty5924]

So happy people are finally choosing somewhere besides FL to live. Life time 5th generation Floridian and they were crowding me out. All the country land disappearing. Mass flooding is caused mostly because they fill in all the swamps and water has nowhere to go.

[@allanbauer4076]

@@janicebeaty5924 I can't imagine what those people are going thru. Pay huge money to live on the coast only to have 5 feet of water in their house.

[@janicebeaty5924]

@@allanbauer4076 I cannot immagine either but as a Floridian most should not have been allowed to build where they built and most should know when you live next to the water always build off the ground by several feet. It is a sad situation. The peopke are still filling in swamps and building with nowhere for water to go when you get anexcess of rain

[@isaacwolowik]

Nick. I love your video. I come each year for the seven months in the winter to Jacksinville. The rent has gone down in the last three years and I’m waiting on the sideline until the prices continue to go down. I’m in no rush. Thanks again for your wonderful data.

[@TheRaspberry82]

As a nearly lifetime resident of Florida (moved here prior to starting high school) and having raised my family here - still living in the “family home” where I raised my family right around the corner from where I was raised - I am delighted that the Investor Housing Market is going to crash !!!!❤❤❤❤ Investors have jacked up prices and are turning us into a nation of renters - who they then Screw with Ridiculous rental costs. And don’t even get me going on the gimmick of HOA’s………. Crash and Burn 👍. Or as I like to call it “a market reset” or Reality !!!!!

[@AyeChiMama-r7f]

sadly this is not the case, investors are the only ones who will be buying here now, they are the only ones who can afford the insurance and the rubuilds to code and all of that. florida will be for the wealthy and the poor who serve them, like Naples just on a bigger level. look at fort myers, prime example, all investors and rich people bought it up after Ian and are building massive million dollar + homes

[@TheRaspberry82]

@ - Exactly 😢🤮

[@franklee2683]

Same with Key West. I lived there in early 80's. The reg working folk can't afford it anymore. It is UNSUSTAINABLE.

[@robb2069]

@@franklee2683 So true!!

Our HOA has tripled in just a couple of years…it is INSANITY & we will have to move & this is a retirement community for middle income retirees quickly making us low income retirees who will soon be living in the street if things don’t slow up very very soon…there are more empty condos because as people die the condos aren’t even wanted by their family members since the HOAs continue to skyrocket …and believe me these condos are not worth it! We are being pushed out of our homes and if FL thought it had many homeless before this we might become another tent city like that we see in CA!

[@user-rp7vd6pt8t]

Very assertive and well researched. I'm a fan! Much success, JMR

[@MrKeonGrayson]

The housing market in Florida was prompted up by non-Florida residence. Most were for investment proposes. Now the supply has caught up with the demand, the costs are dropping and investors are cashing out and those who moved to Florida are returning home. Not mentioned, but Miami-Dade County will plummet the most. It's decline is very recent, but it will be a significant buyer's market by the end of 2025!

[@diedonner299]

Current trends in Miami-Dade do not indicate a buyers market by then end of 2025. What are you basing this on?

[@Alex-vu5uu]

Naples and Collier County are the best if you are looking for a house in Florida. It's expensive but the value of your property is always stable. Naples is the n.1 choice of rich people, ask yourself why.

[@starcrib]

Wrong on every point- the international market has collapsed, the hurricane damage flooding is a reality, and Orwellian Double Speak has become insufferable. 👥️👥️👥️🦖🦖☄️☄️☄️ even the famous pier isn't being rebuilt, because it will happen again , and again, and again.

[@BDUBB24]

Demographically Naples is a bit challenged, maybe not yet, but it’s coming. Lots of older folks which has its own set of challenges economically speaking.

[@carbonfibercrypto2919]

Fewer blacks

[@Alex-vu5uu]

@BDUBB24 demographically Naples is challenged because everyone wants to go there. There are tons of job opportunities and it's one of the safest places in the US.

[@ReventureConsulting]

Home values in Naples went down 48% in the last crash. map.reventure.app/dashboard?geo=metro&dataPoint=percent_crash_great_recession&zoom=7.488415861852093&lnglat=%7B%22lng%22%3A-81.36927696203861%2C%22lat%22%3A26.15046278866525%7D&graphView=true&GEOID=34940

[@krakken-]

Florida did great pandemic marketing. Unfortunately, the reality didn't match the story, and we are seeing lots of buyers' remorse. I feel bad for the people who are losing so much.

[@jbar_85]

So glad they’re leaving.

[@ReventureConsulting]

Lol, well said. Buyer demand in Florida is now around 35-40% below pandemic heights.

[@reversi_dovah4995]

I grew up here. I knew Florida was going to chew up some of these transplants and spit them out. They really wanted it to be warm in New York, but it was never going to happen.

[@skynebula11]

I live in Florida and have lived all over the state most of my life. You are correct about builders … they have gone crazy building in Lakeland and it is not impacted by hurricanes

[@abil828]

Hey, your video came up as the first time I seen you. I just wanted to comment that you were spot on about the housing market in 2022. We are from Florida-Pinellas county specifically. We made the decision to move away in the spring of 2022 as you know home sales were bursting and prices were high and it was fabulous! We were supposed to move in March, but because of issues with the sellers, no fault of their own- they were military and were PCSing and there were delays. But the two month delay between March and May absolutely burst our world apart. By the time we moved as the end of May and then had the house ready to sell in early June, the market in Pinellas County had dropped rapidly. We initially planned to end did list our house at $629,000. Ultimately, several months later we had to sell for $450,000. And this was in the heart of Palm Harbor in a great neighborhood with a completely updated house and we just weren’t getting offers. Absolutely heartbreaking. And we did leave because of the things that you cite in your video. Rising insurance costs being a main factor. We chose to move to North Carolina, but in hindsight, we now know we should have done due diligence about the area because even though we are in an urban city, it is vastly different than the bubble we were living in in Palm Harbor! Also, as an aside, I saw that you were showing declined in home values in St. Petersburg, but I noticed that the area seemed to be Shore Acres. I feel like there should be a disclaimer for anyone moving into that area that your house💯 % WILL flood at some point during a heavy summer storm!😂😂 buyer beware. But ultimately, I’d really like to know your opinion about whether or not it would be a good decision to move back to say, Pinellas County, in 2025 or going forward based on the criteria that you laid out in this video.

[@caroletta451]

Mighty risky, I'd say. We used to lived in Lansbrook in Palm Harbor for 20 years. We are visiting Florida now for a month and it's a great reminder of why we moved ... Florida was our dream until it became a nightmare. We moved out six years ago back to the Midwest. Visiting here is enough now ...

[@mattcorley4622]

I always keep an eye on St Augustine and I've been shocked to see the increased inventory. Reventure app has been pretty accurate when looking at Jax down the coast. Of course you called it years ago, but I like being able to look at the data myself. I'm hoping California, specifically Santa Cruz, can buffer the increased prices. The issue in my area is simply lack of housing mixed with a lot of people who can actually pay cash.

[@ReventureConsulting]

Thanks for the comment, Matt. Good research.

[@donhuffer5167]

I live in St Aug. it’s booming outside of the city as far as 20 miles away.

[@baolichang6019]

Which specific area of Saint Aug is good for retired people? We would love to retire near Saint Aug.

[@melina4568]

I live here and disagree. It took a year for me to sell the home and sold it 45000 less. Homes for rent are sitting longer and people on the market are renting out their homes. They aren’t selling

[@donhuffer5167]

@ I feel like I’m not getting the whole story.

[@adelferoz4168]

The Florida Building Code should make it mandatory for builder's to build concrete block homes with flat solid cement roofs. This way they can tell the Maurauding Insurance companies to get lost. The main things that affect a home during a Hurricane is flooding and the roof blowing off. Once they start building hurricane proof concrete homes with flat roofs, the insurance will be minimal as they would survive most hurricanes. The homes built in the US are flimsy, built with cheap quality wood and chinese dry walls.

[@RogelioGify]

I have passed every hurricane since 1969 here in Puerto Rico. My house is made of concrete blocks with rebars every 8 ft, solid concrete columns at each corner ties each wall and a 4ft deep X 1ft wide concrete foundation and a solid concrete roof. The only thing that happened was in Sept 20 2017 when hurricane Maria removed the metal hurricane shutters off two sides of the house! I later found them . I was horrified with the construction in FL when I moved there, sold and back in PR. Someday FL will learn. I wonder how much influence the wood-roofing industry and insurance industry has over FL politicians ?

[@Vectures]

Well this is a hard lessoned for those people who bought homes in Florida learning that knowing the climate and environment can help avoid buying homes that are at risk of damage from natural disasters. Currently the ways houses and buildings are bein g built their is no consideration of designing structures to work with the region and climate they are instead we gotten into this blinding need to build repetitive basic structures that are not built to resist nor work with the land and climates. They are inefficient and in the case of mother nature being involved not an asset but liability. especially when you consider that insurance is just a scheme of taking money to risk in the stock market.

[@JAM661]

Really they change the building code after Hurricaine Andrew in the 90's. Home now have to be made out of concrete blocks to withstand the winds. But concrete does not last forever in the super humid conditions and expose to salt water all the time. People usually do not have problem with there home falling apart unless a tree comes though the roof or do not have shutter on. The problem is the flooding. The problem with FL is that they just over built and grew way to fast without considering the traffic or roads. They have done the same in TX and many of the nicer southern states and basically ruined them. The traffic was even bad in Dallas back in the 70's. Bjt this is what happen when one party takes control for over 30 years. There is no balance in policies.

[@xochiltmichellebermudez1960]

I think the bigger problem is the fact that Florida is the lowest salaried paying state. A study back in 2019 (pre COVID) stated that it took 4 adults working full time making above $45k in order to pay an average home.

[@AyeChiMama-r7f]

this, the elephant in the room no one wants to address

💯💯💯💯💯💯💯💯💯💯💯

[@Whitedove6]

I Live In Polk County And We Definitely Had Hurricane Damage Here.!!

[@LifewithLucy.2019]

I live in Pinellas (St Pete) market. We live in a higher elevation area. I think that is where the changes are going to be for that market. Too many people cannot afford flood insurance and live in prone areas.

[@JAM661]

The entire state is considered a flood zone when it come to the morgage companies. Actually flood insurance is about 50% of your other insurance. But when I moved my $200k home cost about $4k to get regular and flood insurance. I had USAA and they had grandfather me in, but I would not be surprise they only cover active duty in the military and Veterans probably cannot get homeowners insurance at all since USAA bailed out of FL around 2005 or so. Had 2 minor hurricane in one season and that was enough for them. Meanwhile my insurance in MN is about 25% of what it was in FL 12 years ago even though my home is insured for more here.

[@tapptom]

Awful place to live

[@ItsMe-rr9nh]

I bought in 33704 pre-covid 2019 and seen my property value increase two-fold. Even with a real estate decline I am still ahead. I am not going anywhere!

[@tapptom]

@ if you like it there…stay there! I’m not interested in that location.

[@LUGzxr]

Thank you for keeping it real with us. We're allgetting hit over the head with these prices, the.good thing is being in a position to,pay the prices. I thank God that I listen to you and followed Mrs , Jessica Ellen, just received my $55000 yesterday

[@MerianaRoberts]

WOW that's incredible! It's truly inspiring to hear your mentorship and dedication has lead to such remarkable financial success.

[@KYLE-ri3hj]

Thanks you for spreading her name, she deserves more than this. She help recover my $50k from scamer. God will bless her for me.

[@LUGzxr]

She's mostly on the telegram app with the below name👇

[@LUGzxr]

@Msjesico01 ✍️

[@Mobev1]

People have been getting burnt in Florida my entire life. It is a yo yo state. I remember for sale signs in my neighborhood growing up. Homes were on the market for yeeears. Like 4 years at times.

[@rdee7406]

Bullshit

[@winstonsmith6204]

Yo Yo State

[@Mobev1]

@@rdee7406 true….mount Dora Florida and Errol country club loser

[@rdee7406]

@ loser nobody gives an f about wherever nobodyville Mt Dora the explorer is

[@shanerogers9386]

I owned a condo in Delray that was build in 1981. Everyone who bought sold for less than half the price in the 90’s. That was a much smaller bubble. 2006 was much smaller by today’s values as well.

[@dl7088]

Dude, you literally been saying that for the past 3 years! People can confirm that just by looking up for your previous videos…. GET IT.

[@a.l.mengel3808]

I'd like to correct what you mentioned about Lakeland. It most certainly does get impacted by hurricanes. While the coasts receive the brunt of storms due to surge, the entire peninsula is impacted by winds and flooding, and as such, has hurricane risk.

[@MrOldSchoolSF]

Nick, why did you delete all of your old videos saying housing crash in 2019?

[@jermon983]

Tell us you're trolling without telling us you're trolling

[@Anticrap-b1e]

Good News for all us long term residents

[@WendyMitchell-qy8bf]

What kind of person says a city in Florida is not impacted by hurricanes!? If it’s in Florida it can be impacted by hurricanes🤦🏼‍♀️ I will be happy to see the home prices come down for people who just can’t afford the ridiculous prices.

[@MegaEclipseguy]

100%. Listed gorgeous upscale gated golf community home 659k sold 599k. Glad to be OUT of 1200$ a month hoa! Not to mention 8k yr pptaxes and 2800 insurance!! Hurry January closing coming up!!

[@robb2069]

Case and point. I'm willing to bet that no working class person bought this home. The rich and wealthy are buying homes like this. Florida will soon become, if not already, rich or poor- no middle class will soon exist.

[@jeffreykiesnoski7984]

Homes prices is southeast Fl went up 400% in 6-7 years. So many people took out adjustable rate loans to buy spec rentals and are negative leveraged. Massive single family homes price drops could happen. 50-60%

[@andrea45347]

where did you get those numbers ? just curious.

[@jbar_85]

Our townhome is so tiny- last sale nearby it sold for 400k. As soon as you walk in you feel you are about to hit the patio door. 😂

[@ReventureConsulting]

Prices in Florida are up about 70% in the last 6-7 years. Here's the data: map.reventure.app/dashboard?geo=state&dataPoint=home_value&zoom=4&lnglat=%7B%22lng%22%3A-81.75081739233144%2C%22lat%22%3A27.765819880775723%7D&graphView=true&GEOID=12

[@jeffreykiesnoski7984]

@@andrea45347 it’s easy. Pull the homes for sale in southeast Florida. Look at the property history data. Buy price. Many in the last 7 years. Trying to sell now at 3x or more. Reality has not set in yet. All the offering prices drops are insignificant which makes sense that many are negative leveraged. It only takes a few per neighborhood to drastically cut to preserve gains for those who want out and are not negative leveraged. That will reset the mkt. the condo mkt should implode as all the fixed income retirees who saw values double or triple are getting hit with 3x HOA’s in the new year. Taxes and insurance. You will. See a tidal wave of listings. High rise new development construction sites are being foreclosed on. As I said Google CPI vs Case Schiller Housing index and hit images. It’s worse than 07/08. 2-3 years values could be down 40-60 percent.

[@jeffreykiesnoski7984]

@@ReventureConsulting now overlap the 100 year CPI index. That will correct down to CPI like from 09 to 2011-12. The housing mkt never bursts like the stock mkt.

[@kiyoshitakeda452]

Enjoyed thank you. Very useful. Thank you.

[@ReventureConsulting]

Thanks!

[@magiala5577]

Polk county resident here. Do not say this area was not impacted by hurricanes. You’re crazy to think otherwise. Almost the whole northwestern corner of the county was flooded.

[@Whitedove6]

That's Exactly 💯 Right

[@LIVINGFREEMUSIC]

Thank you for making this video short and sweet and getting right to the point

[@mpe777]

Nice website. Great job and thank you.

[@michealbailey6372]

That website is brilliant. Good work on the housing market report. 👍🏾

[@ReventureConsulting]

Thank you.

[@raycarroll6851]

Keep the Florida videos coming

[@ReventureConsulting]

Thanks for the suggestion!

[@Smuscles7]

yup people are clueless and / or very bad realtors also clueless. I see posting all the time on next door why isnt my 2006 home selling? been on market 186 days...etc... standard 3 bed 2 bath 1800 sqft dated....asking 450-500k come one dude... worth no where near that price.. was like 250-300k best in 2021 3 years ago. now insurance and properrty and rates much higher. market stagnent continue to bleed out.

[@ReventureConsulting]

Thanks for the comment.

[@Charlydx21]

That price of 500K is about location and if the house has been remodeled with a new roof since then.

[@Smuscles7]

@@Charlydx21 HAHAHA 500k is nutz in FL for standard houses. just wait prices will continue to go lower over time. 7% rate and climbing. they aint dropping anytime soon.

[@HiTechForYourLife]

Congrats for being a data driven and communicate clearly

[@schnizdawg]

Great. Keep on dropping. I’m going to get myself an investment property one day but the prices need to drop

[@katiewon]

You will be underwater. Literally.

[@InMyBrz]

THANKS NICK .... watching rents in N / S and E Florida and yes they are dropping, seeing some like in Vero for $900 TAMPA $1200 rents in Sarasota are still stupid high Be happy to see them fall further. I was paying $900 for a 1br back in 2019 so we are getting close

[@pharmasas]

Rent dropped a bit may be 5% in last one year. But home prices went up 100% in last 3 years. It is everywhere in USA. At this time Rent price is not aligned with home price and it won't

[@c.m.2747]

​@pharmasas it will get better. I am seeing houses go from 2k+ to 1500 in Atlanta bc they'd been sitting on the market for a year.

[@robb2069]

@@c.m.2747 Wow! Why is the housing market not good in Atlanta? I was think that the housing market in Atlanta was doing really well. Thanks for the info.

[@annanardo2358]

Nobody wants to deal w/ the hurricanes/tornadoes, sinking ground, crumbling condos. Then there's the HOA, THEY caused problems, Insurance can't be got because of the hurricanes. Sink holes...and the list goes on. Property insurance isn't to be had. And you wonder WHY nobody is buying in Florida. And it's now over built w/ skyscrapers. It's AWFUL. I wanted to buy a place in Florida, but there are too many reasons NOT to. 😵😵😵😵😵

[@designstudio8013]

You forget about the dreamers who will come here.

[@ecoRfan]

Weather disasters and insurance crisis, limited amount of economic industries, crime and violence, so much more, all following a steep covid-era spike in costs of living. All this points towards prices falling like a stone beyond the recent drops. It’s just not worth the steep price.

[@menottu]

The insurance industry in FL is worse than a loan shark. They r taking the premiums but when a claim is submitted, the denial rate is up to 75%. This includes Citizens; and they con’t to get away w/ it. I see foreclosures rising in 2025 to a level never seen before. ☠️💀☠️

[@rdee7406]

@@menottu THEY ARE DENYING BECAUSE THEY HAVE FLOOD DAMAGE, AND NO FLOOD COVERAGE LOL TELL THE WHOLE STORY CLOWN

[@robb2069]

Actually, you are telling the truth and it has nothing to do with flood damage. I have neighbors who filed a legitimate claim for roof damage resulting from one of the storms that came through. They filed a claim and have been fighting with the insurance company for over 4 years, so what you are saying is true.

[@timothylarson4587]

I'm going to say this,,, you are the number one KZbinr maker I watch you cannot be more concise, more on point using the data points that we need to be looking at, and educating some of these dumb landowners!! too many don't know what they're doing or how much trouble they may be in

[@odonovan]

1:26 - That house isn't even in the same COUNTY as Tampa. That house is in Pasco County, north of Tampa, where the housing costs have ALWAYS been significantly lower than Tampa. I know what I'm talking about. I just moved from the Tampa area into Pasco, a few months ago.

[@Riggsnic_co]

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.

[@Jamessmith-12]

I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short-time buy and sell opportunities too. This is not financial advice but get buying, cash isn’t king at all at this time!

[@kevinmarten]

That's awesome! Diversifying your 350K portfolio with the help of an investment coach has really paid off. Making over $730k in net profit from high dividend yield stocks, ETFs, and bonds is quite impressive. Your investment strategy seems to be working wonders for you!

[@JacquelinePerrira]

I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

[@kevinmarten]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Carol Vivian Constable’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@JacquelinePerrira]

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.

[@hectornonayurbusiness2631]

Can I suggest metric for the reventure app? It would be helpful to have a home for sale per capita metric. This would help comparing homes for sale from county to county that have different population sizes

[@ReventureConsulting]

This metric does exist. Called "Inventory as a % of Houses" under Market Trends.

[@bigwolfe87]

Where’s Orlando? 😆 I love seeing everyone move here to realize it’s 2 hours from the ocean and I-4 is living hell.

[@ChucksterJax]

I live in Jacksonville and one thing I am seeing that raises an eyebrow in my neighborhood is the length of time apartments are vacant. My nextdoor neighbor has a duplex and has been trying to rent it for over six months. In the same block there is a rental duplex. One of the apartments has been vacant for a year and the 2nd unit for 2 months. Also seeing many homes up for sale.

[@boardwalkbw7130]

Developers ruin everything...they ruined Ga this way too

[@SeniorWoman]

Very true! Our home has dropped $30,000 in 18 months.

[@mrsc.9789]

😮Polk County Fl is impacted by hurricanes, but not as severely as on the coasts. All the major storms including Rita Maria, Ian, Helene, and Milton, came through Polk County Fl.

[@BethyNasady]

Came here to say that!

[@redbaron6805]

I think he is referring to storm surge and the close to ocean increases in insurance. Not that other areas are not affected, just in a different way...

[@NursissisticOfficial]

@@redbaron6805 Oh trust me, our insurance rates are astronomical too. Both home and auto are soaring thanks to the overdevelopment and overpopulation in Polk. They are building in flood zones and overburdening our infrastructure in general. Milton hit us much harder than it would have if they had been more ethical in their development strategies.

[@redbaron6805]

@ That is very true. As flood planes, farms and other areas are built over, there simply aren't enough areas to quickly drain massive amounts of water to when storms hit. Water still follows the laws of physics as far as volume, weight and motion. These superstorms soak large areas, causing entire lakes worth of water that need to be moved, and they have nowhere to go. Florida is flat, and homes are concentrated in low areas with minimal elevation. As sea level rises, the canals are draining slower, with Miami Dade having recently bought scores of massive pumps to try to move rain water from the city. As a bonus, salinity is starting to become a major issue, with fresh water supplies rapidly being compromised also. Florida is getting slammed from all directions...

[@mrsc.9789]

Thank you, to e eryone.

[@carolleib5797]

You talked about rents going down, i am in ocala Florida and my rent just went up to 1100 for a 2 bed townhouse in not a great neighborhood so where are they getting cheaper?

[@BORICUACHANNEL]

YOU NAILED IT IN THE SPOT 👍

[@carolyonn3933]

People have destroyed Florida it's nothing like it use to be. It's to crowded to hot bad weather to expensive. I don't even visit anymore.

[@scooby_n_daphne]

Naples Florida isn’t crashing at all! 💯FACTS!

[@mammmmmoth]

Yea I want a home not a insurance burden

[@scooby_n_daphne]

@@geocam2 I have learned to live below my means and have been extremely wise with my money so insurance is not an issue

[@Exiztential]

@@scooby_n_daphne That's nice for you, but not the case for the vast majority.

[@PolishprinceJG]

Naples Florida is an international market, they will be ok there, one percenters move there every day from all over the world, for the average person its not sustainable in that area however.

[@Sinha010]

​@@PolishprinceJGI agree. A natural born Floridian never thinks about moving to Naples.

[@inthegame26]

Being far from family plays a major role in this reverse migration as well. Flights are expensive and PTO is limited. Add in hurricanes and a 4 month summer where it feels like 100 degrees

[@jbar_85]

4 months? In south Florida it’s 9 months lol! 😂

[@diedonner299]

I was going to say 8 months of feels like 100 thanks to the humidity levels

[@jbar_85]

@ I beat ya to it lol

[@ecoRfan]

At least 5 months with constant 100+ degree heat indexes. May through September.

[@jbar_85]

@@ecoRfan yes exactly. Who these people lying to? Not south Floridians!

[@pamelamiller4289]

Hillsborough County will be holding public hearings on building 8K new homes in Wimauma. We are having a down turn as we have neighbors in Sun City Center have had their homes on the market for over 6 months and no offers.

[@wayneguy6043]

Cool, I’m ready to buy when it happens😊

[@barbarasellers8659]

I'm angry. After 55 years calling this home, we are leaving our cinderblock house and previously loved MCM neighborhood. Since developers and folks migrating here have left nothing calm and peaceful here, there's only the sun. Ive been run out of my house by insurance prices, taxes and the rising cost of living. The roads are some of THE deadliest in the country. So sad to leave. Still, I can't help but love it but its home. Newcomers have very mixed reviews but mostly, they aren't positive comments

[@eddylauterback1312]

Do texas, especially Houston and DFW

[@alexnew4975]

yes please get him out of st pete. it's annoying he has been here for so long

[@brianfgm8950]

Houses went up 40% in the sw, since then prices only went down 5 to 10%. It’s been flat for a while now. What collapsed? I want to understand the 5 plus years collapse call by this channel

[@rogerpatry5167]

😂

[@ReventureConsulting]

This hasn't been a 5-year collapse call. I did my first national housing market downturn prediction video in spring 2021, and called the Florida top in October 2022. Good timing overall. Track the data for your market on Reventure App: www.reventure.app

[@kiatheceo]

We, in Florida, don’t care. Don’t come lol I’m in south Florida and living lovely thank God!🙏🏾

[@dougkirby8434]

SFla is a crime-ridden cesspool of illegal immigrants and mean, nasty people !!!

[@DC-uo5hy]

As a retiree and former real estate investor and broker /appraiser, I doubt many views this fellow is selling. Inflation (loss of money value) has been a big factor coupled with Florida's shortage of homes, which is unlikely to have a major decline in value. A shortage of available mortgage funds can easily slow a market as it is now showing some stabilizing forces, slowing increases in value. Given the cost to build, I seriously doubt a major decline in home values.

[@InvisibleCitizen]

In our southwest Florida zip code our normal for sale inventory is 50-60 but currently ~600. Our home owners insurance went up 500% over the last 5 years with the last premium 200% of that. It is expensive to live in paradise!

[@robb2069]

Yes, it is. Homeowners insurance is out of control everywhere in Florida.

[@siouxrose7766]

The prices in Florida ARE over-valued and while we are experiencing a sustained cold front--which may lower Gulf water temperatures, essentially, the warm Gulf waters will remain a reliable engine for future hurricanes. They now seem to spin into that water body and impact the West coast of Florida. My area had 3 hits and I had to evacuate twice. I am putting my property up for sale in January. This is no way for a senior to live. Unfortunately, weather shocks are taking place all over... even in unexpected areas.

[@rdee7406]

@@siouxrose7766 that’s funny you’re so old and just now realized hurricanes exist. Sometimes they hit, sometimes they don’t. Have fun shoveling snow old timer

[@siouxrose7766]

@@rdee7406--Hurricanes exist, of course, genius. It is rare for Florida to take 3 successive hits on the West side of the state. It takes a real genius to still pretend there is no such thing as climate breakdown.

[@rdee7406]

@@siouxrose7766 yeah I’m sure you think the world is rapidly going downhill weather wise don’t you. Despite 0 indication of that at all. Hurricane seasons have been this active a few times since the 1800’S. ITS NOTHING NEW BOOMER. Again have fun with that snow shoveling

[@siouxrose7766]

@@rdee7406 --You are dumb as a rock. Droughts, floods, fires... NONE of these are normal occurrences, fool!

[@rdee7406]

That’s fine my townhouse near Tampa is down around 10% off the 2022 high I’ll hold it forever idc

[@greenzone5146]

My sister just sold her house in Florida for $20k above asking. Not even a week on the market.

[@jojopapa7521]

Have been trying to sell mine 82k below I bought 2 years ago. No luck so far.

[@greenzone5146]

@jojopapa7521 my sister lives in The Villages. Perhaps that area is still in demand. Personally, you couldn't pay me to live there.

[@dennyfie]

The villages. Really hard pass,

[@aldotorre8802]

@@dennyfie Why hard pass?

[@louieflash7190]

@@aldotorre8802 Either they are younger or very liberal.😄

[@VelveteenRabbit77]

Prices are dropping up north. FL. $50K drop near me and $100K off a new house. Im shocked! Never thought ide see that!

[@koenigdp1978]

Another force playing out in the legislative changes around how condo buildings are maintained. Mandatory inspections and the inability to continually defer maintenance is increasing the current and future assessments within that market. The result will be more days on the market and price cuts.

[@TimeToBeKind]

I will continue to pay rent as long as my money is making enough interest to cover my bills.

[@DaddyGoodstick]

no one cares. We think you are lying. Your meager bank account is low and you are a check to check worker bee.

[@robb2069]

Not a bad idea.

[@terrykepner3544]

Where are places people are moving to that are less expensive than Florida now ?