Homebuyers camp out to secure new lots in Palm Beach County

Поделиться
HTML-код
  • Опубликовано: 7 фев 2022
  • Brand new homes in South Florida are not immune to the outrageous demand in the housing market. Buyers are finding out it all comes down to what you are willing to sacrifice.

Комментарии • 456

  • @ubonrat8653
    @ubonrat8653 2 года назад +364

    "We are limiting release of home sites just to control the market' yes it's called limiting supply to get maximum profit

    • @santy33143
      @santy33143 2 года назад +4

      😂😂😂😂😂😂😂😂😂😂😂

    • @mph5896
      @mph5896 2 года назад +7

      ITs limited by labor and materials availability. Clearly stated in the video.

    • @youssefhamidi8152
      @youssefhamidi8152 2 года назад +1

      😂😂😂

    • @AJourneyOfYourSoul
      @AJourneyOfYourSoul 2 года назад +2

      Shortage of materials and labor. They don't want to sell too many homes with zero way to build them.

    • @bandit4true
      @bandit4true 2 года назад +1

      Exactly 💯 thats what i was thinking.

  • @user-rr3yw9dn1l
    @user-rr3yw9dn1l 2 года назад +143

    This is ridiculous. Yea a house two foot from the one next to it. What a dream.

    • @sweetfacelola5540
      @sweetfacelola5540 2 года назад +16

      And huge garage covering the front. Smh!

    • @Nostradamus_Order33
      @Nostradamus_Order33 2 года назад

      😆

    • @wesleygriffiths8496
      @wesleygriffiths8496 2 года назад +17

      Yea. I would want a bigger lot. Too close to other houses!

    • @knmonlinemedia
      @knmonlinemedia 2 года назад +4

      i live in a trailer park and i got space around my neighbors!! the only thing i complain about is my yard too small for my kid to play in!

    • @gardensofthegods
      @gardensofthegods 2 года назад +11

      @@wesleygriffiths8496 Wesley I don't even trust a lot of newer construction and I would look for an older home with more space from a neighboring home .

  • @13MysticAlchemy
    @13MysticAlchemy 2 года назад +125

    It's crazy how many homes they are building here. They have even started building houses on marshland, which is absolutely crazy. All of those lakes that you see in central Florida are NOT lakes .. They are SINK HOLES. People are so silly smh

    • @AA-hj8er
      @AA-hj8er 2 года назад +3

      What area are these homes being built in so I can avoid them?

    • @SuzyEH
      @SuzyEH 2 года назад +27

      @@AA-hj8er By the time the mortgage is paid off those homes will literally be under water.

    • @tatiiiii707
      @tatiiiii707 2 года назад +6

      @@AA-hj8er ANYTHING built out west in Belle Glade, the Arden neighborhood and I'd also mention the Agricultural Reserve so pretty much most of Lyons road south of Hypoluxo. GL is about to build ANOTHER 55+ starting at $900,000 but they literally have to drain the swamp and get rid of farmland first.

    • @zqpcydbfoqbdiehdj
      @zqpcydbfoqbdiehdj 2 года назад +14

      Lol!! Yep. I've seen many houses sink into the ground. I don't get what's the "big deal" of living in Florida to be honest.. lol the U.S. is pretty big!! But you can still take a vacation time in Florida if you want to.

    • @zqpcydbfoqbdiehdj
      @zqpcydbfoqbdiehdj 2 года назад +5

      @@SuzyEH yep. The sea level rise will displace many people.. unfortunately. I mean, we progressed the situation.. but also climate change occurs naturally. Lol

  • @DoorTrash
    @DoorTrash 2 года назад +53

    Make sure the builder guarantees no pee bottles in your walls.

    • @Angelo-fo8de
      @Angelo-fo8de 2 года назад +10

      😂😂😂😂😂 how true ! The Mexicans are well known for that !

    • @sweetfacelola5540
      @sweetfacelola5540 2 года назад +9

      Wtf lol

    • @_A4A
      @_A4A 2 года назад +5

      So typical of men to "Mark their territory".... 😂🤣😂

    • @57054
      @57054 2 года назад +4

      I replaced some molded sheet rock from one of my bedroom walls and low and behold found an empty sardine can between the studs. Must have been from the carpenter's lunch break in 1976 when the house was built.

    • @OpalineAndTheBean
      @OpalineAndTheBean 2 года назад +2

      I knew there was a pee smell coming from somewhere! Omg 😩😩😂😂😅😅😆😆

  • @smartanajones4u
    @smartanajones4u 2 года назад +55

    Every day, I keep looking at these stories because they keep popping up in my feed. These stories have compelled me to bite the bullet and pay off my mortgage in full this year. At least then no matter what happens to me financially in the future, at least I’ll have a place to call my very own.

    • @thecalmwayhome8483
      @thecalmwayhome8483 2 года назад +8

      We are halfway through our mortgage....we can't wait till it's paid in full as well.

    • @smartanajones4u
      @smartanajones4u 2 года назад +7

      @@thecalmwayhome8483 thank the Almighty you’re half way there !!!! Times flies so fast, you’ll be there in no time.

    • @eveskey7982
      @eveskey7982 2 года назад +2

      Better to save the money if you are planning on tossing more onto a fixed low interest mortgage. That is if you have one. Pay off other debts first and have money set back for home repairs or appliances etc if need cash quick. People will fall for that pay home off fast and they have a low low interest rate. When actually best just put that money into a money making saving acct or etc.

    • @guerdyyacinthe1352
      @guerdyyacinthe1352 2 года назад

      That’s awesome!

    • @simplysheisme123
      @simplysheisme123 2 года назад +6

      Yes thats true until property taxes go sky high and cost u like having another mortgage. Thats whats happening... No one is safe.

  • @777sweet
    @777sweet 2 года назад +33

    Where is everyone getting the money from? Thats the question I have. I've never seen such demand.... I really feel it's these investors buying them and spiking home prices. Now, hearing foreigners can buy property without being citizens of the United States. Thats a big u=issues as well because if the Pounds, euros are more than the US dollars.

    • @watcher9997
      @watcher9997 2 года назад +1

      A lot of the buyers are investors. More people than ever are investing in REITs and other real estate investments vehicles.

    • @vandreadparty
      @vandreadparty 2 года назад +3

      People from other countries has always been able to purchase houses in the US.

    • @Landis_Grant
      @Landis_Grant 2 года назад

      Black Rock is gobbling up houses like there’s no tomorrow. 2022 might be the Great Reset in which the housing market completely collapses and we all become renters. “We will own nothing and we will be happy.”

    • @cyborgrva4024
      @cyborgrva4024 2 года назад +1

      You didn't get your money printing machine?? They sell them at Walmart. you need to get your one. Everyone is printing money this days, :).. They might as well be. LOL

  • @jip230
    @jip230 2 года назад +65

    I feel sorry for these people. One thing you have to consider - driven by demand and skyrocketing building costs, how do you know the builder isn't cutting corners on construction? Also, with so many building delays, getting in to the new home by New Years appears optimistic. Everything moves in cycles. If the Diaz couple was more patient, they'd likely get a home of similar quality, already built at a better price. But I guess people like this are fueling the overinflation of the new home building market

    • @harpergrace5846
      @harpergrace5846 2 года назад +8

      They most definitely are cutting corners

    • @suedefringe
      @suedefringe 2 года назад +3

      Yeah, I hope we don't see a story with them 2 , 3, 5 years down the line saying they bought a " sick house" or they got ripped off. That would suck

    • @spignetti
      @spignetti 2 года назад +3

      new homes are super cheap these days...if you walk thru new construction and know what to look for, it's appalling....

    • @lauren9004
      @lauren9004 2 года назад +2

      I WAS THINKING THE EXACT SAME THING. Builders cut corners all the time in situations like this.

  • @eveskey7982
    @eveskey7982 2 года назад +138

    It's going to be ugly when they pay all those high prices and then the market changes and they end up having to pay huge taxes and market flips upside down. Florida had a housing market value crisis years ago and people were stuck in a messy loan situation. Oh well guess past lessons were forgotten.

    • @eveskey7982
      @eveskey7982 2 года назад +15

      @@circesoul2218 I remember when interest rates were alot higher and my income was alot lower, so houses were expensive to me, I ate peanut butter or just sliced cheese sandwiches, to save for closing costs and etc. Also made sure no babies or kids were in picture till I was set in life better. Plus I worked 2 jobs and bought minimum. My family didn't help me, they taught us to plan, budget if we wanted anything in life, and think about possible unforeseeable hiccups that usually happen.

    • @kimariokiji
      @kimariokiji 2 года назад +18

      The difference is that people were getting loans they couldn’t afford. Many bought with the intention of flipping in a short time for a large profit because of the hot market. They were playing musical chairs and when the market dropped - the value of the houses went down and they were left holding the bag and walked away from the houses.
      Now the approval process is very stringent, and people are holding on to their homes because it’s so hard to find one that you like and can afford, and the prices are still climbing.

    • @eveskey7982
      @eveskey7982 2 года назад +10

      @@kimariokiji not really any different that what and how it has happened in the past. Just for years now the market was doing great, now it's back to the same thing market has been time and again. Lessons of past need to always be remembered that can happen again.

    • @AA-hj8er
      @AA-hj8er 2 года назад +10

      It's not just going to be in Florida trust me. Everywhere all these people have been moving too will crash.

    • @Sean-C
      @Sean-C 2 года назад +13

      This market is not like back in 2008. Prices will level off but not crash.

  • @bernedamoncrief8532
    @bernedamoncrief8532 2 года назад +79

    This is happening everywhere I live in Memphis Tennessee and the housing situation is terrible here we have people from up north coming down here buying these old homes kicking out people that’s been in there home for years patching these homes up so they can raise the rent mostly overpriced it’s sad..a lot of these ppl are elderly and on a fixed income’

    • @michellek4349
      @michellek4349 2 года назад +14

      I agree. I live in TX and here we have people from the north and people from the west coast coming here jacking up prices, clogging up traffic, they gut these beautiful old houses, take out everything that makes them unique and all the antique woodwork, they decorate them all like a Scandinavian psychiatric facility, and rent them out for 3x the price. it’s devastating.

    • @ashleyf.3230
      @ashleyf.3230 2 года назад +7

      Your right I live in the north and more than alot of people I know have moved to Texas or Florida .

    • @mikepayne4387
      @mikepayne4387 2 года назад +1

      @Berneda Moncrief even up here in little Munford, their building $500K houses

    • @littleredhen3354
      @littleredhen3354 2 года назад +4

      Same thing here in Florida, our rents are now at NY/VA/CT levels but our wages are at Mississippi, Georgia, Louisiana levels. The only people who can afford to live here anymore are the wealthy who don't do the work necessary to keep stores, restaurants open and services like trash, electric, phone reliable.

    • @Tomi_janet15
      @Tomi_janet15 2 года назад +2

      @@michellek4349 horrible!

  • @danielf.6059
    @danielf.6059 2 года назад +29

    American dream, I only had to give my right arm, left leg, a kidney and a eye!! I'm so excited to move in.

    • @brianoleson3138
      @brianoleson3138 2 года назад +2

      i wish the best to you daniel but one of the worst times to buy a home unless you bought a cheap home in like ohio or oklahoma. some markets where average home is 600k+ your lookin at 150k loss at the absolute best outcome to 350k the worst. My outlook is that 2008 crash isnt that big what if anymore its the 1929 depression and im only 29 and i know my generation doesnt think like that. But to sit here and be someone that say that could never happen the shortages the booming economy etc. maybe your young and u can sit in that home for 15 years to get back out. we have been in trouble in the u.s since 2006 before 08 and printing all this money and the borrowing , inflation ect the government is losing the ability to hold it and the government has never held something like this imagine they just drop there arms one random day, yeah...

  • @jasoncrandall73
    @jasoncrandall73 2 года назад +43

    Thankful I bought my fixed up 1950s Bungalow for under $80k in May 2020. These people are nuts & they will be stuck when the market resets itself. Hoping that builder is building those new homes right.

    • @kensmechanicalaffair
      @kensmechanicalaffair 2 года назад +1

      It'll be a dumbster fire of great proportion, and those homes will be problematic off of the principal its built by greedy chicken sandwiches in America.

    • @jasoncrandall73
      @jasoncrandall73 2 года назад +3

      Yea I dont see how these increases for home prices can last forever. The big concerns are.....
      Central Florida especially where they are building on farm land homes 10ft apart the higher weight density in regards to future sinkhole issues (& settlement issues also creeps in).
      Lack of home inspections prior to closing (how many unknown issues come up later).
      Equity- once the leveling off starts (will it be small/gradual or a sharp drop off?)
      Inflation- how long it lasts = affecting the overall building costs of a new home.
      Recession- the elephant that can mess up everything.
      Interest Rates- when will they raise it & by how much? Or how many times?

    • @dorsebradford9844
      @dorsebradford9844 2 года назад +3

      The market won’t reset for over 25 years

    • @jasoncrandall73
      @jasoncrandall73 2 года назад +3

      Obviously you are forgetting about America's recession that happens every 10 to 12 years lately.

    • @coryontheroad5459
      @coryontheroad5459 2 года назад +2

      I just buy me a new home every 5 years RV home

  • @lilryan10788
    @lilryan10788 2 года назад +30

    How do all these people afford property taxes, insurance, and maintenance on these million dollar homes?!?

    • @GillAgainsIsland12
      @GillAgainsIsland12 2 года назад +6

      They’re rich.

    • @sabrinag.8433
      @sabrinag.8433 2 года назад +13

      The rich in this country is a small percent. Most Americans are the working poor who can’t afford these $400,000 homes

    • @tatiiiii707
      @tatiiiii707 2 года назад +6

      Our median income here in PBC is approximately $54,000

    • @kimberlyharvey8876
      @kimberlyharvey8876 2 года назад +4

      @@tatiiiii707 54k are you serious. Then how are the homes going for those excessive rates?

    • @francismarion6400
      @francismarion6400 2 года назад +1

      Taxes in Florida are the lowest in the country.

  • @zoemayne
    @zoemayne 2 года назад +51

    Just like in 08 these people are gonna be upside down for years.

    • @thecalmwayhome8483
      @thecalmwayhome8483 2 года назад +7

      This is worse than 2008.

    • @keysersoze1537
      @keysersoze1537 2 года назад +4

      I’ll be right under them picking up everything penny that drops out of they pockets and candy as well🤣🤣👏🏼

    • @francismarion6400
      @francismarion6400 2 года назад

      This isn't like 08' this is people getting prepared for the Great Reset and Florida is the safest bet for now.

    • @keysersoze1537
      @keysersoze1537 2 года назад +2

      @@francismarion6400 if that’s what you believe 👍🏼 but either way the dominos have started tipping.

    • @francismarion6400
      @francismarion6400 2 года назад

      @@keysersoze1537 I would say its a better than good chance of happening now. All that stuff I stated can be found on the UN's websites and links. I didn't just make it up.

  • @markbrown5117
    @markbrown5117 2 года назад +33

    I would not purchase a home now with the issue of bidding wars. How will you afford a home whose price has been inflated through the bidding process????

    • @user-ii9xh5lz6u
      @user-ii9xh5lz6u 2 года назад +1

      And the rents are just as bad. Many across Florida saw price hikes of 500-600 a month to renew apartment leases

    • @saliferousstudios
      @saliferousstudios 2 года назад

      The problem I'm having is my rent's gone up so much, the higher mortgages are cheaper than my rent by such a margin that it's just.... insane.
      My rent's gone up 700 dollars. What am I supposed to do?

    • @saliferousstudios
      @saliferousstudios 2 года назад +1

      @Rich Casino All the apartments are litterally the same... within a 20 mile radius. It's fine to say "move", when you have a choice. If I moved further than that, the gas prices would wipe out the savings in rental prices.
      saying "move" to a systemic problem being pointed out, is sociopathic. Don't have kids.

  • @guerdyyacinthe1352
    @guerdyyacinthe1352 2 года назад +50

    “We’re limiting the amount of houses we release on the market “ … Well that’s a problem. If every builder is doing the same they should be called out! It’s criminal what’s being charged for rent and homes because of home shortages. And we all know that the answer to this whole debacle is more supply. If the supply of homes are purposely manufactured to drive up demand that should be looked into. That’s THE story…

    • @southrichmondtofl
      @southrichmondtofl 2 года назад +17

      She tried to make it sound like she is doing people a favor by doing that!! But it really sounds shady. keeping the prices jacked up.

    • @Nightfighter82
      @Nightfighter82 2 года назад +2

      It's entirely legal to control the supply of an item to drive up it's cost. Go look at the Diamond market. It's even worse.

    • @novadhd
      @novadhd 2 года назад +4

      they are partially correct. It has to be controlled somehow. The supply problem is bad and they cant have a 100 homes waiting on windows and roof tiles.

    • @rikki1901
      @rikki1901 2 года назад +1

      That’s capitalism at work. The last housing crash builders were caught with too much inventory at the wrong time. The cost of the parts/supplies need to be included in evaluation of the inventory demand process. They are holding back the release of the product to ensure their margins are above or covers the cost of the supplies to build the product. Think of OPEC but on a small level. They are essentially control the rate of oil production globally. That’s why gas prices fluctuate as well as the demand from the market.

  • @SuzyEH
    @SuzyEH 2 года назад +20

    By the time the mortgage is paid off they will literally be underwater.

  • @5DNRG
    @5DNRG 2 года назад +18

    I never follow the crowd...buy low. Everything is cyclical if you can wait.

    • @Hello-rl6lp
      @Hello-rl6lp 2 года назад +3

      Same here! The Diaz family will play the race card when the market corrects itself.

    • @sssssssss111
      @sssssssss111 2 года назад

      @@Hello-rl6lp Oh will they, Jan? And you’ll die in that trailer park surrounded by crazies. Methhead

  • @marykeys10
    @marykeys10 2 года назад +39

    So when people buy during this overinflated period, they are locked into those homes. They would have to pay money just to let it go if they want to move. I remember a couple who had to do just that when they wanted to move after the mid 2000s housing bust.

    • @eveskey7982
      @eveskey7982 2 года назад +4

      Exactly what I been saying it has happened before and the area taxes of people that have lived in those communities will have their yearly taxes jacked up so high just because a bunch of properties sold for such crazy high ridiculous prices. The tax accessor office is going to have a field day with this and people irate.

    • @MiroBG359
      @MiroBG359 2 года назад

      even if there's a bust it will be short lived. Plenty of people are wanting to live in South Florida

    • @marykeys10
      @marykeys10 2 года назад

      @@MiroBG359 true in a place like Florida, but it's happening everywhere. There are places not as warm and desirable that are going for 100,000 over what they sold for less than 5 years ago. No way, other than at this time would anyone have paid that much for it.

    • @MiroBG359
      @MiroBG359 2 года назад +1

      @@marykeys10 it is everywhere. Back home in Eastern Europe apartments are presold before the builder has even prepped the land, and there's glut of inventory built during communism that almost nobody wants. Which is pushing prices higher

    • @AJourneyOfYourSoul
      @AJourneyOfYourSoul 2 года назад +3

      You just rent it out. This happened to my friend the last bubble. He bought right at the peak, lost his job and had to move to a completely different state. He rented out his house, waited for the market to come back, and just sold it for a nice six figure profit. In the mean time, he moved to that other state, bought another house, except this time the prices were at rock bottom, and now that house is worth double what he paid.
      So 100k+ in profit from the first house (thank you very much renters) and current house worth double.
      Housing always wins in the long term.
      So many people just don't understand the power of real estate.

  • @prashanttayshetye8469
    @prashanttayshetye8469 2 года назад +20

    Housing market about to crash 💥

  • @pteranodon6612
    @pteranodon6612 2 года назад +16

    I bet a lot of these people are going to be spending the majority of their income on their house payment.

    • @suedefringe
      @suedefringe 2 года назад +1

      Yeah, not for me. I listen to friends say oh , I got approved for say 150 so I'm looking at houses for 150. I'm like you are crazy , you need to look under 100 ! You will be piss poor all the time. Just cause the bank approved you don't mean you have to go that high!
      I spent 95k 7 years (over paid in a rush to leave my ex) but no way I was paying my max approved. My mortgage with pmi was 611. Just had it removed and now I'm under 500. ( it was like 40 bucks ) I'm stacking extra to pay off in 15 years instead of 30. Still cheaper then rent! (860.00)

  • @pablovaldes6022
    @pablovaldes6022 2 года назад +54

    The problem is they might build new houses but is useless if they cannot create new jobs.

    • @michaeldixon0015
      @michaeldixon0015 2 года назад +9

      Who cares about new jobs when the payroll can’t cover your hypothetical mortgage without participating in the Ponzi scheme that is the assist bubble market of single family homes of which they slowly release to cause artificial reality. Remember the price of a house or a stock is not what it sold for but how much the last sucker paid .

    • @sabrinag.8433
      @sabrinag.8433 2 года назад +9

      Right who is going to live in these homes most people are working poor and the rich is a small minority

    • @aross924
      @aross924 2 года назад +5

      So true. They are going to be paying a huge mortgage for a long time.

    • @michaeldixon0015
      @michaeldixon0015 2 года назад +7

      @@aross924 honestly I wouldn’t be surprise banks create a 50yr mortage 💸

    • @eveskey7982
      @eveskey7982 2 года назад +2

      Alot of foreign investors are buying these homes, also rigging system having individuals buy homes and then selling them to investors, companies, or persons outside of country later.

  • @sweets6865
    @sweets6865 2 года назад +6

    I couldn't live in a house where I can reach out the window and touch my neighbors house.

  • @k3isha3o54
    @k3isha3o54 2 года назад +17

    Hopefully there are no defects in the homes they are just throwing together now

  • @truthhurts3532
    @truthhurts3532 2 года назад +19

    Truth Hurts
    They'll be sorry they bought that cheaply built townhouse, once those property taxes and HOA fee$ increa$e every FKN year‼😆🤣😂

    • @waitaminute2015
      @waitaminute2015 2 года назад +1

      My hoa fees haven't gone up in 10 yrs. My taxes are low due to homestead. They're young and healthy and renting is more than a mortgage in that area.

  • @blurtam188
    @blurtam188 2 года назад +17

    This dream sounds like a nightmare!

  • @privateprivate5302
    @privateprivate5302 2 года назад +14

    Why do they call it a hot housing market when avg Joe Na Jane can't compete with investors

  • @MF-ty2zn
    @MF-ty2zn 2 года назад +11

    She just admitted to limiting supply purposefully.

  • @hatcher2262
    @hatcher2262 2 года назад +1

    I did that in 2005. I do not want to go through that again, I remember a lady crying one Saturday morning went her number did not come up. She said, she had came by the home buying center 5 weekends in a row and her number never came up. I was a relief when my number came up, it was easy street after that.

  • @lqsi12
    @lqsi12 2 года назад +15

    wonder how long all this will go on for.....even after the crash to many "used" homes are not worth what they cost

    • @lqsi12
      @lqsi12 2 года назад +2

      @confused algorithmThis was the same in the neighborhood I purchased in. 2011 unfinished roads, 43 lots had overgrown trees with utility lines in place. 11 years later, all are filled, the area in Eastern Shore Alabama is a developer's heaven, farm ground, any ground turning into low and high end neighborhoods. Seems out of control. Not sure how long the infracture can maintain all the in coming businesses and families. If someone needs work, well there is plenty around here, from accounts to zoo keepers, no kidding

    • @francismarion6400
      @francismarion6400 2 года назад

      This will go on until the Socialists bring the hammer down by using the banks to recreate the way we think of credit. Then the Great Reset happens and their will be no jobs or food. Property is the safest asset until they confiscate it. Soon they will get rid of currency and only have a federal crypto.

    • @lqsi12
      @lqsi12 2 года назад

      @@francismarion6400 anarchy occurs first

    • @francismarion6400
      @francismarion6400 2 года назад

      @@lqsi12 I don't know. There is already anarchy in Portland, Chicago, Minneapolis, New York city and a few other places. My guess is a more controlled decent into chaos. Maybe I'm wrong but i don't think they can get the military fully behind them yet to pull the trigger on an overnight takeover. Also too many Sheriffs to go thru atm.

  • @s.mirandacooper4584
    @s.mirandacooper4584 2 года назад +15

    Ahhhh, yes! It’s 2008 all over again. The bubble will burst……again.

  • @ladze77
    @ladze77 2 года назад +4

    So the American dream is literally go into debt, just bought a townhouse out here and every month you are worried about how to make mortgage, on the other hand where I come from, you buy your own land and build your own house or buy the house which is made of cement bricks completely before you have the keys

  • @braddaniel4886
    @braddaniel4886 2 года назад +4

    I love how they say, "They are in the home stretch." They are truly just being. Congrats on getting that lot to build your new home.

  • @luxuryhomes8889
    @luxuryhomes8889 2 года назад +11

    this is so effed up.....

  • @jewel1608
    @jewel1608 2 года назад +12

    WHERE ARE THE " POORER PEOPLE"...that use to live on lands being taken by RICH?

    • @mannyrodriguez5453
      @mannyrodriguez5453 2 года назад

      The poor never owned the land, it was given to them.

  • @markbrown5117
    @markbrown5117 2 года назад +17

    How come no one talks about the terribly high HOA fees. Thats a gift that keeps on giving. Why don't they do lottery system. That seems more fair.

  • @FelixRealty
    @FelixRealty 2 года назад +5

    Just wait till the builders tell them to either give more money due to materials going up in price or they're gonna have to cancel the contract

  • @touchofgrey5372
    @touchofgrey5372 2 года назад +8

    Irrational exuberance!

  • @donaldduck2986
    @donaldduck2986 2 года назад +22

    This is an example of why schools should teach economics in high school. If the schools did teach economics there would be less real estate bubbles. These people are going to be crushed when the real estate market crashes again.

    • @thesoccertrotter1
      @thesoccertrotter1 2 года назад

      Omg right? He said the market will just keep climbing meanwhile wages and population growth is stagnant

  • @markbrown5117
    @markbrown5117 2 года назад +9

    Play Power ball just to make sure you have a backup plan.

    • @apove1814
      @apove1814 2 года назад +4

      🤣😂😂 made me laugh . Thanks for that.

    • @Williamjclopez82
      @Williamjclopez82 2 года назад +2

      🤣🤣🤣🤣🤣🤣🤣🤣

    • @djcruiser9816
      @djcruiser9816 2 года назад +2

      If the prices continue to go up at the rate they have been will need to win twice.

  • @damonlawrence3700
    @damonlawrence3700 2 года назад +13

    I'm happy for that guy.

    • @TascamTascam
      @TascamTascam 2 года назад +1

      He’s a fool and a sucker

    • @darrellsmith8197
      @darrellsmith8197 2 года назад +3

      He's just the kind of person that thinks the way the mortgage and banking industry look for, so they can sucker him.

  • @joanncaporaletti4950
    @joanncaporaletti4950 2 года назад +1

    Wishing you all the best. Most important…final inspection before move in. Hire the very best home inspector. Do not skimp here. I was purchasing my home cash. Inspector said everything fine. My brother-in-law who was in construction noticed musty smell in kitchen. They said oh that’s rain puddle under house. Brother in law noted water was on higher ground. Water doesn’t run up hill. Broken main line to the street water main. Owner had to fix before sale. House was two years old.

  • @kayphillip5569
    @kayphillip5569 2 года назад +8

    Why does this remind me of 2005-2006, watch out people it's happening all over again, Lord help us.

  • @sweetfacelola5540
    @sweetfacelola5540 2 года назад +10

    Why are these houses being built with garages in the front. It's a garage house! Very unattractive!

    • @nellj9495
      @nellj9495 2 года назад +2

      so they can have a backyard. That's typical in the US. You pull in to the garage in the front, large backyard in the back.

    • @watcher9997
      @watcher9997 2 года назад +1

      The builder is trying to squeeze as many houses into the subdivision. If they put the garage in front, then they can put the houses closer together and make a bigger profit.

  • @bill3641
    @bill3641 2 года назад +3

    My wife and I bought in a nice area just west of Portland,OR eleven years ago . Homes are selling for
    nearly 80% more than they sold for at that time.
    Properties are listed , a sign goes up and often a sale is pending within a couple days ( almost always
    above the listed price) . It gets harder to become a homeowner every year .

  • @paultaithelegendnguyen8891
    @paultaithelegendnguyen8891 2 года назад +8

    We're so lucky to own a house to retire. Otherwise, there is no way to compete with other people to get a house like we can see today.

  • @dhowto3005
    @dhowto3005 2 года назад +4

    Congratulations Mr. & Mrs. Diaz!

  • @zesolodar
    @zesolodar 2 года назад +5

    "if you keep waiting its only going to go up" worst advice ive ever heard. its 2008 everything is so overpriced right now its not even funny. the market will go down. it always does and all these people will be underwater on their homes. in another year when the market tanks, and banks can act on the foreclosures as well as adding new ones you will be able to buy houses for pennies on the dollaar

  • @t.k.155
    @t.k.155 2 года назад +5

    So glad that most people prefer to live in Boston, MA.

    • @honestreviewer4864
      @honestreviewer4864 2 года назад +1

      🤣🤣🤣 I love in Boston 🤣🤣🤣 its expensive to live here too😭🤣

    • @ronpagala7496
      @ronpagala7496 2 года назад

      Boston is a very expensive city.

  • @TonyaNicole7
    @TonyaNicole7 2 года назад +5

    This makes me want to cry! Who would of thought this is what we would be facing in this day and age?

    • @taylorbug9
      @taylorbug9 2 года назад

      🙋 I should start marketing myself as a clairvoyant.

  • @markbrown5117
    @markbrown5117 2 года назад +2

    Best of luck to you Sir and your family.

  • @J.NX10realestateinvestor
    @J.NX10realestateinvestor 2 года назад +11

    There’s nothing wrong with the housing Market who ever wasn’t prepared when Interest rates were historically low now they have to settle for 4% just last year they were 1.9 to 2.8 lowest in history people with 720+ Fico scores got approved for these rates and now people with 800+ Fico have to settle for that 4% unless u pay points up front What is raising home prices is the Demand in seekers and The US is becoming more popular and one of the safest country in the World The Problem here is Building Materials Shortage Canada ain’t producing much like before Lumber Due to Climate Change. Also China is slowing down on electronics etc. The Government can’t really control the Home prices in this Covid-19 era and they will not crash the housing market due to rising home values and the trillions of dollars they will make from property taxes. I hope you guys understand the main factors. The worst is we have to live with Covid-19 and other viruses 🦠 throughout who knows how long more maybe a few more years if they cut back on producing Energy, Oil , Plastic materials , fiberglass etc. Covid-19, Climate Change are the 2 big Factors here but the government don’t want you to know a lot of things.

  • @UrbanBDKNY
    @UrbanBDKNY 2 года назад +5

    I m moving to FL. I put my house in NY for sale and have 2 offers firs week
    I m glad I bought an investment property literally March 31st as the pandemic started in 2020. I will be staying there temporarily until this market cools down. Rates are about to go way up because the Feds have to control inflation and usually that leads to lower price homes. If that happens I ll start looking for a home to live in
    I have zero interest in new construction. So expensive and so cookie cutter AND NO PRIVACY. You also, no longer even get a pool as an option, because builders are so busy AND lots have gotten a lot more expensive

  • @LadGaddh
    @LadGaddh 2 года назад +2

    Its Deja vu again in 2005 only this time its worst. I remember the tradition in Port St. Lucie had a lottery drawing for buyers who will get to reserve new construction or not. Builder didn't complete construction before market crash while they took 25% deposit up front and homes lost value by 50% or more.

  • @sssssssss111
    @sssssssss111 2 года назад +3

    Go ahead and beg them to jam those scammer prices up your behind. I don’t feel the pressure .. F a water park. Your dignity is more important

  • @philipstreechon4523
    @philipstreechon4523 2 года назад +4

    I bet those homes are built like crap and are in a flood zone

  • @hlee869
    @hlee869 2 года назад

    Good for you Mr & Mrs. Diaz

  • @rubyoro0
    @rubyoro0 2 года назад +3

    There’s a school just around the street where 100’s of people camp out in line for 1.5 days just to sign up their kids. Doing this for a house doesn’t seem too bad.

  • @JoeyCarb
    @JoeyCarb 2 года назад +10

    "We release a few homes at a time". Capitalism is awesome.

    • @francismarion6400
      @francismarion6400 2 года назад +1

      You will NEVER see this happen in a Socialist country.

    • @MurakamiTenshi
      @MurakamiTenshi 2 года назад +1

      @@francismarion6400 Soviet apartment blocs were given only to the most worthy, and then you had to figure out how to keep the lights on & heater running with the absurdly low wage

  • @rafaelgonzalez4175
    @rafaelgonzalez4175 2 года назад +9

    Put 10% Down on a pre-construction house. Then Builder folds. House never built. Civil suit to get refunded. Legal fees. Hahahaha Yeah we build while keeping control of everything.

  • @davido3746
    @davido3746 2 года назад +9

    Boo hoo. There are people with genuine problems.

    • @carlycruise
      @carlycruise 2 года назад +4

      coming from a boomer who won't sell their home. PISS OFF

    • @circesoul2218
      @circesoul2218 2 года назад

      @@carlycruise Plenty of houses for sale if you don't insist on living in fancy zip codes

    • @davido3746
      @davido3746 2 года назад +1

      @@carlycruise This boomer has bought and sold many, bro 😛.

  • @vmgarner09
    @vmgarner09 2 года назад +4

    Happy for the Diaz family.

  • @AngelGomez-dv6wq
    @AngelGomez-dv6wq 2 года назад +3

    I wouldn’t do it…no house purchase is worth me waiting to buy and then paying more than it will be worth in a few years

  • @paulbroderick8438
    @paulbroderick8438 2 года назад +2

    The years 2008/9 all over again, I do declare! The grab, the greed and the flat-out stupidity is hard to believe. Government control urgently needed.

  • @kevinakakp9120
    @kevinakakp9120 2 года назад

    I think it’s happening everywhere, even in the midwest, as long as its near a major city, the builders are building, north of Detroit in Macomb county, you cant blink your eyes before a couple new communities spring up, and I didn’t know it was happening at such a stealthy speed until I started doing local delivery around metro Detroit. The western suburbs of Cleveland, same thing is happening, just eating up all the available land. So there’s definitely no lack of building as far as what i can see, but I imagine down south its crazy

  • @ToopidPonay
    @ToopidPonay 2 года назад +1

    I live in Austin, TX and new construction here is cheaper than buying an existing home. New construction is around $300-$450k versus $450-900k+ for existing homes. It’s insane that new construction is like the last “affordable” option.

  • @jordonwhalen5132
    @jordonwhalen5132 2 года назад

    Congrats to them, they seem so happy!

  • @joemiami1424
    @joemiami1424 2 года назад +4

    2008 all over again but on steroids SCARY 😧

  • @alexovercashier9496
    @alexovercashier9496 2 года назад +1

    S/o to this man, what a nice guy, respect

  • @MrDdub619
    @MrDdub619 2 года назад +1

    It's a good thing they are releasing them in sections. I can see some buyers being underwater in the upcoming years.

  • @UmmYeahOk
    @UmmYeahOk 2 года назад +2

    I don’t even live in that state and am harasses daily to sell. It’s insane!

  • @jose36galindo31
    @jose36galindo31 2 года назад +1

    I work in three construction industry and the new house were crap before and are way worst now with a new high price. No skilled labor. New house will look old in 3 years.

  • @cybertrk
    @cybertrk 2 года назад +5

    These are the future people to get foreclosed on.

  • @stacynewton34
    @stacynewton34 2 года назад +1

    Here in Atlanta they are building everywhere now

  • @AJourneyOfYourSoul
    @AJourneyOfYourSoul 2 года назад +2

    Way to go Terrance. Huge respect for anyone like yourself that is willing to grind it out and make it happen. Never give up, always push forward, and you and your family will live a good life. Enjoy your new home.

  • @jakeorion1993
    @jakeorion1993 2 года назад +1

    You buy a house. House takes a year to build. Time your house is done market crashes.

  • @pacificcastaway9972
    @pacificcastaway9972 2 года назад +2

    From the $300k's? That place would cost $1M in my area. (Construction costs and land are more expensive.)

  • @dannysalinas8811
    @dannysalinas8811 2 года назад +3

    Damn, nobody talkin about them thangs jiggl'n, the scene right before the shingln's?

  • @thecalmwayhome8483
    @thecalmwayhome8483 2 года назад +1

    That is absolutely amazing. I would be there 3 days in advance in a damn tent!

  • @MegTelevised
    @MegTelevised 2 года назад +1

    Truer words have never been spoken. Nowadays, you have to really go for what you want. Competition is up

  • @kimboofdzners9574
    @kimboofdzners9574 2 года назад +11

    Financial Slavery and False Sense of Happiness, smh
    The American Dream, a fresh new home from the ground up 🤣😆💥

  • @TheCarnivoreSoprano
    @TheCarnivoreSoprano 2 года назад +2

    Considering how shoddy new construction is, why would you want it?

  • @marcotkfowl1305
    @marcotkfowl1305 2 года назад +3

    They look happy to over pay and humiliate themselves wtf 😳. It’s like seen hoards of people in Black Friday videos. Then the crash comes… rinse and repeat 🥂

  • @beautifullarva5280
    @beautifullarva5280 2 года назад +2

    I’m sorry Floridians should have first dip! The move from the north needs to be regulated.

  • @oldcottonblossom
    @oldcottonblossom 2 года назад +2

    Careful what you wish for. Remember the housing burst in 2008.

  • @meganarpasi
    @meganarpasi 2 года назад +1

    They just keep building them closer and closer together! 🤦🏻‍♀️

  • @hazztv6317
    @hazztv6317 2 года назад

    Always remember realtor is a must.

  • @JYAN2852
    @JYAN2852 2 года назад +2

    Too busy looking at the shiny object and not paying attention to the declining economy

  • @kyoung5600
    @kyoung5600 2 года назад +2

    Why choose Florida? you just never know if there is a huge sink hole underneath your house.

  • @helenamensah7274
    @helenamensah7274 2 года назад +1

    Good but developers in Georgia took people’s money 💰 THEN when home 🏡 was about to close the week before builders upped the price by 150K! It’s easy for builders to back out of contracts for new developments. I would be cautious if I were them and have a backup plan just in case

  • @sabrinag.8433
    @sabrinag.8433 2 года назад +13

    How are these people able to afford a brand new home with low wage jobs??

    • @winning3329
      @winning3329 2 года назад +3

      Their wealthy parents helped them.

    • @an10nee
      @an10nee 2 года назад +6

      im thinking the same thing

    • @leschurchill804
      @leschurchill804 2 года назад

      That is what caused the 2008 housing crisis. People buying homes that they cannot afford. No one wants to live within their means anymore. Reaching for the stars, OK, as long as your last name is Buffet, Gates, Jobs, Rockefeller, Vanderbilt, Bezos, and Zuckerberg.
      Ms. L. Churchill (No I don't have any money - don't let my last name fool you).

    • @novadhd
      @novadhd 2 года назад +2

      how do you know they have low wages jobs? Did they mention it?

    • @jermainec2462
      @jermainec2462 2 года назад +3

      What low wage jobs where did you hear that in the interview?

  • @Mike_ICP
    @Mike_ICP 2 года назад +1

    “It’s only going to go up” but it goes down faster than it goes up. Down market next few years

  • @arturolopez717
    @arturolopez717 2 года назад +1

    Greed has ruined the market.

  • @littleredhen3354
    @littleredhen3354 2 года назад +1

    Workers cannot afford to live in Florida anymore and are leaving in droves. Enjoy living in 'paradise' with no stores, no restaurants, and no services.

  • @moomoo0670
    @moomoo0670 2 года назад +2

    It's shouldn't be the American dream to be broke or have to work like a dog to get or keep your home.

  • @judithlpn-quilter7757
    @judithlpn-quilter7757 2 года назад

    The American Dream can become a nightmare. I had 3 houses- lost thousands on each one. And twice we had neighbors from hell. At least with Apartments you can leave in a year if your neighbors ruin your life.

  • @ivancavalcanteusa
    @ivancavalcanteusa 2 года назад +4

    We will have a market reset with lots of foreclosures , and than to blame price gauging on the builders will be just lame. Don't feed the hype, there will be a reset soon.

  • @mikegeee3319
    @mikegeee3319 2 года назад +2

    Florida property taxes and insurance are ridiculously high already now the houses are expensive. Umm I'd rather live in California with beautiful weather than muggy hurricane drug infested Florida. You can't say California is soooo expensive anymore ijs.

  • @bitether2096
    @bitether2096 2 года назад +3

    Nice, what an American dream. Wake up to work to fulfill other people dream so you can put a roof over your head.

  • @ramcharge2704
    @ramcharge2704 2 года назад +1

    Yeah this is horrible
    We are holding out to have our house built.

  • @tammieknuth6020
    @tammieknuth6020 2 года назад

    Took the words literally literally outta my mouth tamekka