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Abe, are you running a coaching program or no?

HaHa

Sir, people can't afford condos, when the prospect of monthly dues being just as much as the monthly mortgage payment, drives people right out of the market! This is EXACTLY why North Myrtle and Myrtle Realtors should be AGGRESSIVELY marketing the homes for sale in the manufactured home communities, especially the Intracoastal "Retreats" next to big money condo developments, where life is JUST AS SWEET, only a LOT cheaper! Every single local Realtor should have a running list from Zillow, of the MH's in N. Myrtle and Myrtle the same size or even larger than some of these condos, but with NO HOA's, which are listing for UNDER $125,000 FULLY REMODELED, which is a STEAL no matter how you look at it. THESE are the communities where the buyers need to be brought, and there shouldn't be ONE home in this amazing price range on the market for any more than a couple of weeks! Any negative stereotyping of MH communities will go away when prospective buyers see the Mercedes, Lexus and BMW's in the driveways! The key is checking Zillow daily, and if you find a redone home at a price like this, SNAP IT UP!

Thanks for keeping it real.

We sold our beach house in Jan 2022 in less than a month made a bunch of money, bought a new house on the marsh and paid a bunch of money for it!

Every Ocean Front property is aging into “assessment situations”they need repairs .. also HOA fees are rising due to insurance had a friend who received insurance assessment increase of $5000 had to be paid within 30 days. This is becoming an issue taxes are increasing. So be cautious about ocean front properties for certain need to get HOA meeting transcripts .. ask about up coming assessment fees Many are in assessment litigation.

We should see 3.99% mortgage rates very soon, in spring 2025.

Yes, taxes have increased, all the more reason that prospective home buyers need to think "outside the box" and realize just how smart a MH purchase is. North Myrtle has some wonderful, waterfront communities where people just may be able to buy a small home larger than a higher priced condo, for LESS than $125,000! That is an AMAZING price, especially if you come from up North! Best part: NO taxes paid on the land!! Quite frankly, Zillow shouldn't have ANY inventory in this price range in North Myrtle, and the Realtors should be aggressively marketing these homes to the condo buyer sector!

Completed sales in the month vs. 2023 and 2022 would be a better statistic.

Not a good time now. Shit economy

From a Realtor perspective, any commission is better than no commission, so taking from the other person's comment, when house prices go up along with mortgage rates, why AREN'T Realtors shifting gears, and marketing the MOBILE HOME communities in the North Myrtle area, as a viable alternative to renting or buying a condo? IF there are still homes for sale in the area, let's say $125,000 and under, which is INSANELY affordable, especially to people coming from up North, they should be SNAPPED UP as fast as they hit the market!!! Four quick sales of these homes in a month add up to one half million dollar home!! NO BRAINER, REALTORS, and THIS is the direction that buyers need to be pointed in!

Not to mention an increase in crime, homelessness, open air drug use etc…. MB is a has been nasty area now, tell the truth

We could have too many people and two little houses, but if the people cannot afford the homes, they simply cannot buy them because they will not be approved for a mortgage. The House prices increased with inflation over the past few years, but inflation is leveling out. Salaries did not keep up with inflation, which is why there are too many people on the sidelines that want to be homeowners but cannot be homeowners. They cannot just wish it to be true rates more people will come onto the market, but you are not taking into consideration that usually when the Fed drops the rates it is because we are heading into a recession. If we are in a recession and less people are employed, I do not see how there will be more houses selling.

4 months inventory of SF homes and CLIMBING! How can you be encouraged?

NO ONE will sell at a discount unless they apsolutly have to. That will take a market Crash,, and if that happens... NO ONE will be buying because,,well,,its a Market Crash effecting the entire world economy

it's been bad for 10 years it's criminal bad lots of cheating lots of lies I got out 10 years ago maybe 15 long time ago I made mine and I sold it one year later for a nice profit Myrtle Beach is not the place to be right now wait one year

The Myrtle Beach market is bad, with overpriced homes and condos, which is exactly WHY, like I saw on another channel, the MOBILE HOME COMMUNITIES IN NORTH MYRTLE, should be where EVERYONE IS LOOKING to buy a home OUTRIGHT, for less than $125K! THAT is called buying SMART, especially for retirees as a condo alternative, or for parents looking to provide a home for an adult child who is going through a divorce, for example. There shouldn't be ONE of these homes on Zillow for long, and people need to dismiss the negative stereotype of these communities, which is a major disservice!!

What is even worse is just to the north of Myrtle Beach Brunswick County NC there are tens of thousands of apartments, condos, and especially single family homes….last time I heard there are 50,000 residential building permits at varying stages of construction.

Abe have you seen casualty insurance companies pulling out or not insuring these areas because of the increasing coastal environmental risk? Florida and coastal Georgia has been seeing this lately.

Imagine wanting to live in Myrtle Beach.

Appreciate the video and your local insight. FYI, the report you are referring to is actually called the "Absorption Rate". For anybody that wants to sell soon, I'd pay close attention to the volume of sales starting to drop and and the direction of home prices if they are still increasing. Don't be greedy.

Way to many developments here And now townhomes and huge single family homes communities are high rent only, Can’t buy them They are over priced I live in Myrtle Beach Roads are so bad Not enough doctors and dentist to help the people who have and continue to move here and all the surrounding communities Greedy developers have ruined Myrtle Beach and all surrounding areas

I would never buy a condo period. It's a glorified apartment,

I’m an avid golfer. Great place for vacation but I wouldn’t want to live there.

Saint Simons Island further South in GA is still commanding price increases. Two weeks ago the only house for sale in our subdivision went for the ask in a couple days. I thought it was a very strong price. Maybe we don't have enough condos and we're a smaller community.

CRIME is the reason. Bi-Den AmeriCA IS REAL. Bad guys aren't put in prison anymore. that would be racist.

I sold an ocean front condo in 2017. Lost money after buying in 2005. Myrtle Beach, SC is basically a second home market that is greatly affected by changes in the market. There are not enough high paying jobs in that area to support year round living. Most year round people are retirees who worked up north and built up big retirement assets. Now, they move south to get better weather. I predict at least a 20% drop in current prices for single family homes and condos in that area.

Worst Time ever to buy. Lowest mortgage originations since 1995, Homes 50% Overpriced, Interest rates at 7.5%, H.O.A, Insurance & Property taxes higher than ever. Tell people the truth #GREED

Worst Time ever to buy. Lowest mortgage originations since 1995, Homes 50% Overpriced, Interest rates at 7.5%, H.O.A, Insurance & Property taxes higher than ever. Tell people the truth #GREED

Worst Time ever to buy. Lowest mortgage originations since 1995, Homes 50% Overpriced, Interest rates at 7.5%, H.O.A, Insurance & Property taxes higher than ever. Tell people the truth #GREED

Worst Time ever to buy. Lowest mortgage originations since 1995, Homes 50% Overpriced, Interest rates at 7.5%, H.O.A, Insurance & Property taxes higher than ever. Tell people the truth #GREED

Worst Time ever to buy. Lowest mortgage originations since 1995, Homes 50% Overpriced, Interest rates at 7.5%, H.O.A, Insurance & Property taxes higher than ever. Tell people the truth #GREED

3:20 Cognitive Dissonance that wont age well. #GREED

It’s nothing to do with the economy or interest rates or employment. It’s all about Climate Change, rising sea levels and the storms that keep getting worse and worse. No smart money is buying a home that’s in harms way.

The Surfside collapse changed the waterfront condo market forever.

there is a glut of homes in Myrtle Beach....There is not enough good paying jobs in the area to keep the demand up.....I see a 30% drop coming

Great info. Thanks!

Great video

The cost of HOA, extraordinary fees, the parking fees, the upkeep of the condo (especially ANYTHING exposed to the salt infested wind), window cleaning, renewing much of the furniture every 3-4 years, state income tax, state land tax, property and fire insurance, water damage insurance, usually paying the condo manager in order to rent out the property, advertising, real estate fees to manage - just go on and on and on. In this market it is IMPOSSIBLE to make money on rentals unless you charge $3-4,000 a week!

I heard you can get management fees for 15 percent

Hi Abe, I like you video, very helpful. What do you think to purchase SFH instead condo for investment? Would like have your professional opinion. Thank you very much!

Most informative video on rental income I’ve ever seen

Can we download this spreadsheet ?😊

Anyone who buys a property controlled by an HOA is an idiot who likes to surrender their property rights to dictatorial idiots.

Where could I download a copy of this worksheet?

What about the rising seas? How come the banks are lending money on ocean front property? Global Warming Inc. says we are all going to be living in Atlantis in 10 years. Algore and manbearpig

Hi, thank you for this. Is there a cap or a restriction on resell?

What is causing the increase in these 5 resorts

Hi, thanks for the video and the information. That was very helpful. We have a quick question, can all oceanfront Condotels be self managed or do some require you to use their management company? Thanks.

My sister has her house on the market and the first person that wanted it was approved and they put down some money towards it but then backed out once they spoke to the bank and learned of how high the interest rate is. So even though the house is priced right, it seems that the interest rates are working against both the buyer and the seller.