Even if the prices go down the HOAs are still unaffordable. Then you have high insurance rates. Only the rich can afford Florida. Its the new California without the high salaries.
Floridian here, born and raised, I left. I miss the ocean and the swamps but I'll most-likely never leave Kansas City, Missouri. This spot is a success story for me!
Do not live anywhere with an hoa it's like being in prison but you have to pay and tgey can raise fees or have emergency fees anytime for anything. Florida is a nightmare place to live.
Thanks for the shout out! You are definitely keeping that body Tight! Yes, I am still in the market. Yes, I had to screen shot it. Cause a picture lasts longer!
In my area yes they are sitting on the market for up to a month but have gone up by 100,000 over the last 6 months.intresting it all comes down to the price level of homes.
I went to a waste of time open house yesterday. I knew more about the property than the agent. $440 HOA and you get cable, pool and roof maintenance. They also have a new roof assessment, seller was paying. You still need insurance. This place looked like they put lipstick on a pig. I will continue to rent for this crap.
They’re trying to take over Florida like they took over Hawaii- and southern California‼️🥴 This is absolutely an enemy that is doing this when you burn out Lahaina, Maui, Hawaii - Now they’re bulldozing it, and all the elites are going to build their houses there ??
From economics point of view income/house price ratio is key indicator of value vs interest rates that rise and fall depending on economic cycle. In other words - if price ir right the interest rates are secondary. So lowering interest rates might not help to save real estate market at all. At least that never happened before. Add to that that FED will lower rates once they see unemployment raising and economy slowing down. In such environment it would be strange anyone putting his savings/emergency funds into down payment for overpriced house. But hey, being rational is disappearing skill so rational history is no longer any good as a reference point.
Exactly. Realtors do not understand economics. They think that if one factor (interest rates) adjusts positively, then sales will follow. Not so in a declining market or a market where M2 is tightening or disappearing, or HOA/Insurance fees increasing. So many more factors
I have condos right on the beach I bought in PCB a few years back for cash. They each generate about $65k a year in rent. I self insure and while taxes have gone up about 40% since I bought and we have had some assessments and COA increases from Michael damage, there’s no way I’d sell my little cash cows and will be buying like crazy if the market drops. Just not having state income tax saves me thousands each year! As for celebrities, it’s amazing how many rich libs become conservatives when the sticky fingers of an intrusive government reaches into their pockets!
The contents is the cheap,part of the insurance. It's the windstorm that's killing everyone and he's paying that thru the hoa fees So he's not self insuring@@pinschrunner
How does one "buy real estate with both hands"? With a line of credit of billions of dollars no questions asked? I'd really like to know how many are "bitcoin buyers" tho, actually...."just create your own money!" Because no one ever buys the real estate they buy the car, the boat, the horses, the land, the furniture, the aircraft, the kitchen, the deck, the tractor, the implements, that new business to get into that you've never done but always wanted to...buy buy buy buy buy buy buy! Space shuttles, auto-gyros! Laser beams! Light sabers! Trillions trillions trillions now now now!
California is falling apart thanks to awful Democrat policies, We are moving to Florida in July (already bought our house in beautiful Palm bch grdns Fl) and even with high prop tax and insurance in Florida we will save alot of money in income tax. We are tired of not having a voice and our vote not counting here in Cali..Done with the Golden State that has turned out to be Fools gold
You do know that property tax and insurance down here exponentially being raised at a rapid rate right? Because ppl from NY, California and Illinois are coming to Florida and grabbing up the housing market and even raising the rent where it 's ending up like those shitty states they left... WE'RE FULL!!!
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Even if the prices go down the HOAs are still unaffordable. Then you have high insurance rates. Only the rich can afford Florida. Its the new California without the high salaries.
Man I left florida at the beginning of last year for work and I’ve missed the ocean and wanted to go back but it’s just not really feasible.
Floridian here, born and raised, I left. I miss the ocean and the swamps but I'll most-likely never leave Kansas City, Missouri. This spot is a success story for me!
Kansas City is super cheap when compared to Florida, and if you work remotely, even better.
It will crash and you can scoop up a good deal. It is going to make me a homeowner ,I can't wait.
Don’t go back it’s sinking into the ocean, flooding is the new normal
Do not live anywhere with an hoa it's like being in prison but you have to pay and tgey can raise fees or have emergency fees anytime for anything. Florida is a nightmare place to live.
Good luck! 72% of new homes built in 2023 are part of an HOA. I do agree though I will never be part of an HOA.
@@afisanaa the issue in FL is insurance 😳
@@afisanaafor $600k+
Great video Chris! I like how you keep it real, always.. Gonna need you around October-ish. WIll reach out soon buddy!
Thanks for the shout out! You are definitely keeping that body Tight! Yes, I am still in the market. Yes, I had to screen shot it. Cause a picture lasts longer!
@deeliteinhair4053 You're welcome, this was fun. I hope you enjoyed it as much as I did🤣
Luckily FL just made it illegal to sleep on the streets. We will be able to find homes for all the people being priced out of the market
I’ve been watching you for a couple of years and this is one of the best videos you’ve made great work ❤
@donnorth9822 thank you! This was fun. I think you'll enjoy what's coming too.
In my area yes they are sitting on the market for up to a month but have gone up by 100,000 over the last 6 months.intresting it all comes down to the price level of homes.
Cover your financial needs and your financial wants will follow
Well that was fun. You even pronounced my name EXACTLY right....which few ever do .Kudos! We will see....
@jerrygallud8358 great speaking with you, whenever you are ready we are always here to help!
Thank you Chris. Great speaking with you too. I'm very much looking forward to working with you in the future. Cheers.
I went to a waste of time open house yesterday. I knew more about the property than the agent. $440 HOA and you get cable, pool and roof maintenance. They also have a new roof assessment, seller was paying. You still need insurance. This place looked like they put lipstick on a pig. I will continue to rent for this crap.
Typical! Thank you.
What county?
@@pinschrunnerPalm Beach
This was a really good random video I chose 😁
Amen!!
Love the shout out! Hope we can grab a beer and chat one day. ☺🍻
But Chris, the stock market is breaking records daily! Everything is going to be ok!!!
Till it isn”t.
Same😢
Location, location,location. That's right not too many options as an entry point, unless you go condo so stop downing condos.
I know prices are coming down on resale homes but are they coming down in new construction? Specially Sarasota to the Tampa area?
5%
Thanks
They’re trying to take over Florida like they took over Hawaii- and southern California‼️🥴
This is absolutely an enemy that is doing this when you burn out Lahaina, Maui, Hawaii -
Now they’re bulldozing it, and all the elites are going to build their houses there ??
Right now is a horrible time to buy
The real estate taxes are stupid in FLORIDA
Go for it
Agreed you cant unload a condo in florida
The rent is too damn high!
From economics point of view income/house price ratio is key indicator of value vs interest rates that rise and fall depending on economic cycle. In other words - if price ir right the interest rates are secondary. So lowering interest rates might not help to save real estate market at all. At least that never happened before. Add to that that FED will lower rates once they see unemployment raising and economy slowing down. In such environment it would be strange anyone putting his savings/emergency funds into down payment for overpriced house. But hey, being rational is disappearing skill so rational history is no longer any good as a reference point.
Exactly. Realtors do not understand economics. They think that if one factor (interest rates) adjusts positively, then sales will follow. Not so in a declining market or a market where M2 is tightening or disappearing, or HOA/Insurance fees increasing. So many more factors
Hello, can we get the insurance broker information, thank you
@dweickel pls reach out through www.igoehomegroup.com
I have condos right on the beach I bought in PCB a few years back for cash. They each generate about $65k a year in rent. I self insure and while taxes have gone up about 40% since I bought and we have had some assessments and COA increases from Michael damage, there’s no way I’d sell my little cash cows and will be buying like crazy if the market drops. Just not having state income tax saves me thousands each year! As for celebrities, it’s amazing how many rich libs become conservatives when the sticky fingers of an intrusive government reaches into their pockets!
Lies... you own nothing
You can’t self insure a condo….youre paying insurance with super high hoa fees and assessments
You can self insure the individual unit. THE BUILDINGS have to be insured and you are indeed assessed via HOA fees
@@Jack-russell103 he's telling lies.
The contents is the cheap,part of the insurance. It's the windstorm that's killing everyone and he's paying that thru the hoa fees So he's not self insuring@@pinschrunner
state tax out side of fl.is more then ins.
That's for working age people. Fixed income do t care about state tax. They have reciprocity with pension states
What’s the point of admitting it find out who is responsible and do something the government only supports them whoever they are
How does one "buy real estate with both hands"? With a line of credit of billions of dollars no questions asked? I'd really like to know how many are "bitcoin buyers" tho, actually...."just create your own money!" Because no one ever buys the real estate they buy the car, the boat, the horses, the land, the furniture, the aircraft, the kitchen, the deck, the tractor, the implements, that new business to get into that you've never done but always wanted to...buy buy buy buy buy buy buy! Space shuttles, auto-gyros! Laser beams! Light sabers! Trillions trillions trillions now now now!
Michigan is cheap housing and cost of living and you still can live by a beach
Upper Peninsula looks awesome in the summer, but the bugs!!! 5 x worse than FL with the bugs.
The stupid woman governor is reason enough not to set foot in Michigan.
If moving to Michigan is right for you then max out Michigan living to the fullest!!
Michigan?😂😂😂
Any videos about politics I'm not watching (i.e., canceled). Others like these, I'll give them a try. At least for the entertainment.
Thanks for watching!
California is falling apart thanks to awful Democrat policies, We are moving to Florida in July (already bought our house in beautiful Palm bch grdns Fl) and even with high prop tax and insurance in Florida we will save alot of money in income tax. We are tired of not having a voice and our vote not counting here in Cali..Done with the Golden State that has turned out to be Fools gold
You bought in democratic county 🤣🤣🤣
@@pinschrunner I am good with moderate democrat not good with socialist liberal democrat which is what I am escaping
Oh my.. you’re underestimating the home and car insurance. Expect a 40% increase to your mortgage payment after the first 12 months.
You do know that property tax and insurance down here exponentially being raised at a rapid rate right? Because ppl from NY, California and Illinois are coming to Florida and grabbing up the housing market and even raising the rent where it 's ending up like those shitty states they left... WE'RE FULL!!!
Let them be. People moving to a state sinking into the ocean all because of politics is crazy. 55% increase in car and home insurance
Massive disaster...karma spells working. 😄
Bye Dwhine!