Such an honor to meet y’all and get to speak in this video. I’ve been digging more into the institutional investors becoming sellers and found some juicy data. will drop a video soon.
If I am not mistaken, Lackland/Kelly Air Force base is nearby and they do have C-130s flying in all the time. So, that might be why you couldnt film around the Foodbank
It is still flabbergasting that people in positions in power don't know that it is perfectly legal to film anything you want from a public sidewalk. Bonkers! 🤯
I went to my neighbours bedroom, left a camera, she didn't complain. I mean she didn't know.. but I watched the feed from the sidewalk so all was cool 😎
The food bank is located within Lackland Air Force Base air space and directly next to the Amazon distribution center landing strip. That's why you can't fly a drone.
This is my home city. Born and raised. I do Uber on the side and I've seen so many new home builds that I didn't even know the land existed. I've lived in SA for almost 40 years. Who's buying these houses? No one!
That's so weird I'm in HOU and would go to SA randomly past 10 yrs for a weekend trip it was always like a small big town to me compared to giant Houston and DFW why did they overbuild that's nuts .
People often forget how badly animals suffer when the economy goes down . San Antonio's so-called animal "shelters" execute an outrageous number of dogs. People are dumping their dogs and the dogs are being killed. Please foster if you can.
I've lived in SA for 20 years. I'm a RE investor. Now is 100% not the time to be buying anything down here. If you don't understand the city or know where to look, you'll go broke before you even start if you are lucky. Most of the time, the house sits and wont sell, especially if it's the wrong area
I agree cb .. 100%!! I live here in SA also & the market when we bought our 1st investment property (2009) it was reasonable & affordable! I quit looking in 2019 bc values didn’t line up with wages here. Now it’s all fake .. overinflated & overpriced!!
We were lucky to buy quite a bit of acreage when it was 4% we started building last yr and are moving in the next couple months when the house is done. Then again we are from out of state. My partner has had a job over the years going there. I have a good job where I am but concerned abt moving out of state & finding one in S.A. but the acreage we got & property is beautiful.
Noticed my dogs 35 pound bag of dog food just went up in price by 10 bucks... from $52 to $62 and thats with my wife's discount because she works at a vet. That's not 3.4% inflation. More like 19%. Moral of the story: Higher For Longer and this RE correction is only getting started.
My dogs 35 lb dog food is $118 now and it used to be $89. My older dog eats the Fresh Pet food in the fridge. It's 3 lbs for $18 now, was $13 a couple of years ago when she started eating it.
So many people dump their dogs in an economic downturn. Shelters are overflowing and they're killing them for space. I wonder if that food bank has pet food?
@kristenmerrill-nl2dh The rate the FED lies about has little to nothing to do with the inflation rate for regular folks. They consider the inflation of products we aren't buying regularly or ever if we're poor enough. The price of a new house doesn't affect me at all bc I've lived in and owned my house for years, but my insurance has gone up a full 72% in a single year.
The 300 to 400 thousand home range and higher in San Antonio is so unaffordable for the normal resident San Antonion. Those are geared to all the transplants to San Antonio which has really slowed down and some are moving away because they couldn’t stand the heat… I say good riddance!
Too funny. I am reading the Cali folks are baling out of Austin partially for that reason. It’s too hot 🤣🤣🤣 Doesn’t anybody look up the weather before they move? But, it’s a win win. Maybe another summer will chase them out of AZ, too. Fingers crossed.
Absolutely, one of the greatest videos you have done! Melody is very knowledgeable and conveys a great deal of transparency. You guys make a great boots on the ground duo!!!!!
Correction on your report of the San Antonio food bank and the No fly zone by where the food bank is located. That no fly zone has always been in effect. You are next to lackland air fore base, Kelly air force and Medina. San antonio is military city USA. Alot of training goes on around that area. I also volunteer at the local food bank. I would say the large in crease is still due to the immigrant population. They are dumped in san anotnio and then left to wander the streets looking for odd jobs or a ticker to another city.
Austin became the "IT" destination during the pandemic. People in Tech in California and New York were told they could work from anywhere. They didn't have to buy a million dollar condo in NY or California. They could buy a home on 1/2 an acre for $500K so many did. All that influx drove up prices and, like before the Great Recession, everyone assumed prices would keep going up.Those buyer found out their employers want them back in the office. The Austin real estate boom they started, is turning into a bust. Home builders rushed in assuming that demand would be high so they flooded in with plans for new construction. No doubt, we'll see ripples of this across the country.
I liken the Austin land boom to the boom in the truck market during the pandemic. Dealers were jacking up prices on all trucks and tagging on a $20K "we're in a pandemic" premium. Now the repo people are picking up most of those trucks.
@@skyfinancellc9538OK, I could be wrong about that but it is easy to spend a million on a 500 SQ FT condo in LA and NYC. You could see why home ownership in Austin would be attractive. I live in LA and to own a home for a million dollars, you are in the middle of a Crips/Bloods war zone. Park your car in front and it will gone before the engine cools off.
So I just want to point out a few things about San Antonio: 1. This is a military heavy city. There are 3+ bases. 1/10 homebuyers in SATX are military therefore a lot of people using VA loans with 0 down. 2. Melody said it herself but during recessions the job market tends to favor public sector over private sector jobs. This is why some people in Texas refer to San Antonio as “recession proof” city 3. New construction and apartments are VERY stressed. I personally know someone who is closing on a new construction with a 4.25% interest rate (bought down by builder). Apartments are only requiring $250 security deposit for rent that is $1200+. Some are even saying if you pay rent ON TIME for 3 months, they’ll give you one month for free. Overall the signs are here that a recession is coming. But how long it will last is yet to be seen.
We're told the national debt is increasing by one trillion dollars every 100 days or so. Currently the interest alone on the existing federal national debt is over one trillion dollars a year which is a huge portion of revenue and with a 'balloon' payment interest reset coming soon that debt interest payment will skyrocket even more thus eating into existing big programs. We're also hearing the end of the dollar as the global reserve currency is likely very near and that would itself trigger very painful hyperinflation. Too bad we have never had very honest MSM reporting and now it's getting to be worse in terms of hiding important facts.
Also.. as a longtime San Antonio resident. I can say that there isn’t many high paying jobs here. Unless there is a bunch of people coming into town with $$ already, I don’t see how the local population / job market can afford many of these new homes. Unless they moving in a whole family and all pitching in.
San Antonio never learned from Austin,Houston, or Dallas when it came to growth. Native San Antonion who has seen the city grow but also resist change. There is so much potential for the city, however, a failure of leadership, investment, and difficult decisions have held it back.
Too many people not enough water, gonna end up like LA or something and they been importing writes to say that's a good thing for decades. If we wanna do that gonna have to pump water from the sea to meet the crazy growth projections some people had in mind.
Looking up the old numbers, we at +60k when they said +240k over the past decade so things didn't pan out and they wanted more than that. Infinite growth as the only reason a city sustainable just doesn't work. Dunno what numbers they had for the decade before but 2003 -2013 they mighta wanted it even more, basketball team doing well and all.
We lived there for 8 years. Bought new construction in 2006 in 78253. . Sold in 2014 and lost $60,000. Illegals were given mortgages in ‘06-08 and they all walked away. Literally loaded up Uhauls in the night, decimating 1/2 our neighborhood and home values. Armadillo Homes! Their “preferred lender” did this! I bet it’s happening again!
Saw this coming some time ago. The mortgage, the property taxes , the landscaping costs, the repairs plus the monthly HOA fees made me sell my house back in 2015. It was the best decision for me.
@nateisgreat8 I live simply. I am single. My 2 vehicles (2017 sedan and 2020 van) are paid off. I rent in a safe but not really luxurious neighborhood. I've been able to save a butt load of money. Now ready to slow down, close to retirement and i got close to a 1 mil in my savings.
As retired Military, I had USAA vehicle insurance for years. A couple years ago before Covid started they started raising rates for no reasoning. So after decades of using them I moved onto another insurer.
I have been loyal to USAA for almost 50 years. Between cars and House I pay $7,500 annually for insurance. I to have priced other insurance companies but with USAA subscribers deposits and annual credits on profits it still is the best deal. I’m one of those customers who is an asset, meaning I pay premiums and never have claims. That being said I am considering dropping my homeowners entirely and self insuring.
@,marisamartini1975 They're raising rates for a very good reason. There is another epidemic going on with illegals and vehicle accidents. When an uninsured illegal hits you it's covered by uninsured motorist. This is happening all over the country. I was T-boned by an illegal 2years ago destroying my truck. He got out of the car he was driving and ran. The cops working the accident said there wasn't much they could do and to file it to uninsured motorist. This is why rates are skyrocketing.
@markferguson5652 oh I know! I grew up in a predominantly illegal neighborhood once I move out in 2008 just 15 miles away my ins rates dropped. But now with that type of culture all over this country rates are increasing with just a few pocket areas of exceptions. However nothing changed with my area of living currently BUT i was able to get a substantially much cheaper but same coverage car insurance. So everyone should price shop instead of just continuing to accept. I have lots of experience with Houston and the demographics since 1956. The agents of development have been used for decades here and are only now being experienced in the rest of the country.
Great info! We’re doing exactly this. Cashing out of our Houston area home and moving closer to family in the Austin area. Renting for now to earn 5+% on the equity. The rental is 2 years old and never lived in bc the owner couldn’t sell it after their plans changed. Thanks for the confirmation that we’re on the right track.
Indeed. This is the 1929-42 pattern, but with a reverse/bad war spending effect this time: It has been the precursor crash, brief boom due to policies help, then downward longterm spiral- followed by mass govt spending on mil. Missing is the infrastructure jobs works to benefit the nation and workers en masse and continuing, and currently the *internal* mil spending at the source and resource mfg stage. And the govt CAN'T spend on these in the mfg and real jobs level as that has been gutted domestically for too long. Meanwhile inflation is still drastically accelerating and fuel costs climbing without internal resource ramping, exactly like in the 1970s stagflation cycle... The outcome of this major depression and inflation cycle is highly likely to be a worst case scenario for normal working class and in debt older people, or those living where they cannot regulate base costs like prop taxes if not in debt. I am becoming far more worried about economic conditions impacting everyone than I was in 2019, and that doom finance situation has only been pushed forwards and magnified irl since. 😶
Stop by by Boerne and see how Rich people is doing, 30-40% of the commercial is for lease/empty for months now and start going up for sale the last few months. Houses they call them "matchboxes" for the quality and all, lease is over $3k for month for commercial and they are been empty for 2 or 3 years. It's one company "Legacy" who have a lease a small house/commercial for $7500/month and a restaurant for like $17k per month xD they are all crazy here.
🎉🎉🎉 I’m loving this new format regarding your editing. Going back and forth with Melody and yourself is nice. The handheld microphone is also a nice touch. And of course your videos are always BONKERS 🎉 Thank you Sean for being part of this video. Blessings, C Los
I've been to San Antonio a number of times. I don't think it will ever be like it was when I first visited it on a 6th grade Texas history trip back in 1989. It just felt so laid back. Sea World was fun. The river walk was cool. Even the Mexican markets or mercado was colorful & almost felt like being in the markets in Mexico City. Today it's probably too commercialized & becoming typical cookie cuter metropolis America. I'll always love the Alamo though.
Great insights!! Love the different boots on the ground perspective here in SA. You have no idea how much building there’s going on all around 1604, absolutely BONKERS! Could’ve sworn I just saw you on Henderson pass/1604 today 😅.
This mess was created by the state of Texas and their expert appraisal department. They over exaggerated the home values in 2021, had excessive amount of surplus that did not return to home tax payers. I speak for experience my taxes went from 1300 to 15,300, my mortgage was $998 and went to $2200, had to pick up a second job to keep a roof over our family. Appraised value @$855k but realtor said we would be lucky right around $555k. Wait what? Why are we been charged taxes on an appraised value we can't sell homes for??? Yeap it's now for sale. Purchased land cash and waiting to sell to get a home...
Houses are too expensive, just like vehicles and food. Corporations have moved production to where it cheapest thus pocketing record profits. Build here, buy here.
@@BTCforce How about much better than all of the mainstream media outlets COMBINED? Great honest reporting for a change. I'm so tired of the constant MSM baloney.
Its feels like a decade of building dwellings that are outside the reach or affordability of the majority of Americans and no consideration of lower cost of living homes.
Allot of people cant afford a house due to the inflation rates. No matter what happens they plan on raising it even higher. This means millions will loose their houses and even more will be out there.
Well I'm familiar with the food bank area..its in the landing zone of lackland AFB..but it's not like you're that far above the ground for the drone. 👍
Actually, the Food Bank is just a few hundred yards from the approach path to Kelly Air Force Base. They land fighter jets, huge transport jets all the time. Surprised you didn't see or hear one while filming. I think it's a mischaracterization to say they just don't want people filming. It would definitely be a flight hazard.
Exactly! Also being ultimately backed up by taxpayers and money printing and thus feeds into the deficit which threatens to make life very difficult for younger generations going forward to simply survive.
Fantastic video and work by you and Melody. I really enjoy all your content. As a "hopeful" buyer who went thru the last GFC, I am being very cautious. I really applaud this type of video and all work you guys put into it!
people went crazy and started buying houses for double the price and 7%+ interest....of course now they are trying to sell. People with sense don't want to buy a home for $250,000 - $400,000 When those same houses 4 years ago were going for 150,000- 250,000.
I work at a carwash near Ingram in San Antonio. Many customers pull in in seventy-thousand-dollar trucks handing me and my staff random items from the food bank. Not all showing up to food bank are in desperate need.
Hey Travis, I'm in an Austin suburb and am glad to hear that you will be coming here to check things out. Melody said that the next 3-5 years will be very challenging. I'd like to here more as to what she's thinking about that ... Also, when Melody emphasizes "doing whatever you can to pay down all of your debt .." uh ... Melody .. are you referring to consumer debt? Or are you taking the Dave Ramsey high-road there and suggesting that we pay off our home mortgages as soon as possible? Maybe you could clarify? Thank you for coming out to Texas, both of you. :)
I just left San Antonio in Dec I'm a construction worker and I was there for 4 months out of that 4 months I went to work for only 2 weeks and then nothing I transferred my paperwork from Vegas to San Antonio never again I've lived there off and on for over 5 years never again.
There are folks from other states moving to San Antonio and building. My partner & I are one of those. Our house will be completed in a couple of months. Ask around. Many from Austin and California other states moving to S.A. There are also a number of projects such as new Hospitals being built Microsoft Data Centers, many opening small businesses, also many working for DOD, Air Force too, etc.
I am one of those people as well...moved here and living here off of my Denver salary. A lot of people in my new home community are from Cali and NY and Washington state....and the homes here, we all mostly paid under $290k
Big picture #3: I have been to San Antonio recently and yes, empty downtown. as one LOCAL said : "the same was Baustin 10 years ago and look now". In other words, the craziness of million of people moving downtown is just part of a trend - Or fanaticism like in the case of Baustin
You mentioned 'over' building of 'units'.San Antonio is Not the only housing market in this part of Texas.Consider New Bruanfels and Austin which are relatively close by.There are Many,Many new 'units'(homes,condos and apartment complexes) under construction.
The San Antonio Food Bank is directly in line with Kelly Field (SKF). 1.3 miles from the end of the runway. SKF is a very busy military area. Lot of C5’s and T-38s constantly training. Please be aware of your location before flying drones.
Exactly! We’ve learned nothing! We bought brand new in San Antonio in 2006 and had to write a check to get out in 2014 because half our neighborhood walked away and left keys in the counter.
I live in San Antonio. So this is funny. I was just at the mall and it was wall to wall crowded. I think people don't go down to the Riverwalk because they just don't like going down to the Riverwalk it's a tourist area it's not really something locals care about. 😂 I mean who wants to see the Alamo everyday it's so boring. And if you're talking about the houses they have had a lot of construction but that's because a lot of people keep moving to San Antonio. We are the fastest growing city. What's going on that I've noticed with houses is that first everybody was selling because their homes were worth more but then they stopped when the interest rate went up. Some people got stressed out at their mortgage fluctuating due to high property taxes. Make sure you get your homestead exemption to avoid that. 😊 The only thing I've noticed different in my neighborhood is that of selling their homes most people are now renting them. Probably just waiting for the housing market to come back around.
I'm in the suburbs just outside of san antonio. There are so many houses in my neighborhood that are just not selling, but they are older homes and we're on the lower end of prices. But lots of people buying newer bigger homes in these new neighborhoods over in the Schertz and Cibolo area. My best friend just bought a brand new home and so did her sister.
There are at least 100,000 homes announced or under construction between Austin and San Antonio - not including within those cities or in other directions.
There is an old military base behind the food bank called “Kelly Air Force base” they still fly fighter jets from it, so that may be why the drone wasn’t allowed.
The food bank suplies food pantries. Individuals don't go to the food bank for food. They do have staff there that can help Individuals apply for food stamps.
Agree, more pain to come. Be patiant, prices will come down. Maybe by some precious metalsto protect from aggressive inflation from government overspending and financing wars. Banks are in trouble for lending for 28:01 commercial new constriction. Ho May
Such an honor to meet y’all and get to speak in this video. I’ve been digging more into the institutional investors becoming sellers and found some juicy data. will drop a video soon.
It was our pleasure. Thank you so much for the intel and hospitality! A real honor and can’t wait for the new intel.
If I am not mistaken, Lackland/Kelly Air Force base is nearby and they do have C-130s flying in all the time. So, that might be why you couldnt film around the Foodbank
Outrages, Thankyou for bringing us this information
Same thing happening in Australia
I’m so sick how everyone is ignoring the bad economy,good work guys
It is still flabbergasting that people in positions in power don't know that it is perfectly legal to film anything you want from a public sidewalk. Bonkers! 🤯
Check out Honor Your Oath!
Corporations think they own everything, except taxes to pay for them. Crooks, Liars and shananigans.. Corporate Greed America,
I came here to say the same thing
I went to my neighbours bedroom, left a camera, she didn't complain. I mean she didn't know.. but I watched the feed from the sidewalk so all was cool 😎
In a lot of cases they do, they just try to bully you into doing what they want anyway.
The food bank is located within Lackland Air Force Base air space and directly next to the Amazon distribution center landing strip. That's why you can't fly a drone.
It is also within the restricted airspace for The USAF's Cyber Command Campus !
This is my home city. Born and raised. I do Uber on the side and I've seen so many new home builds that I didn't even know the land existed. I've lived in SA for almost 40 years. Who's buying these houses? No one!
That's so weird I'm in HOU and would go to SA randomly past 10 yrs for a weekend trip it was always like a small big town to me compared to giant Houston and DFW why did they overbuild that's nuts .
Tax write off for those who are building. Plus it does what it’s doing to older homes trying to sell.
Travis and Mel - the unexpected journalism team we need. I wish my brother would watch you since he lives in Texas. Thank you again you guys.
Thank you so much and thank you for watching!
From a vantage point when standing on public property you are entitled to photograph or record anything you can see. Full stop.
Facts. I would have escalated that. And put it on the thumbnail
People often forget how badly animals suffer when the economy goes down . San Antonio's so-called animal "shelters" execute an outrageous number of dogs. People are dumping their dogs and the dogs are being killed. Please foster if you can.
And the “corpse” is sold to the markets.
Poor doggies
The economy is artificially propped up and way overpriced is real estate.
I've lived in SA for 20 years. I'm a RE investor. Now is 100% not the time to be buying anything down here. If you don't understand the city or know where to look, you'll go broke before you even start if you are lucky. Most of the time, the house sits and wont sell, especially if it's the wrong area
I agree cb .. 100%!! I live here in SA also & the market when we bought our 1st investment property (2009) it was reasonable & affordable! I quit looking in 2019 bc values didn’t line up with wages here. Now it’s all fake .. overinflated & overpriced!!
We were lucky to buy quite a bit of acreage when it was 4% we started building last yr and are moving in the next couple months when the house is done. Then again we are from out of state. My partner has had a job over the years going there. I have a good job where I am but concerned abt moving out of state & finding one in S.A. but the acreage we got & property is beautiful.
Thank you for explaining that!
Realtors are all the same
100% the opposite of what those videos and market analysis show you to do
I can attest to this. I remember when my neighbor moved out due to unforeseen circumstances. This was over a year ago and it's still listed for sale.
Noticed my dogs 35 pound bag of dog food just went up in price by 10 bucks... from $52 to $62 and thats with my wife's discount because she works at a vet. That's not 3.4% inflation. More like 19%. Moral of the story: Higher For Longer and this RE correction is only getting started.
My dogs 35 lb dog food is $118 now and it used to be $89. My older dog eats the Fresh Pet food in the fridge. It's 3 lbs for $18 now, was $13 a couple of years ago when she started eating it.
So many people dump their dogs in an economic downturn. Shelters are overflowing and they're killing them for space. I wonder if that food bank has pet food?
Learn to make your own dog food. Cheaper and healthier
Prices on food are a different measurement than the inflation rate (3.5%) that you hear about on the news.
@kristenmerrill-nl2dh The rate the FED lies about has little to nothing to do with the inflation rate for regular folks. They consider the inflation of products we aren't buying regularly or ever if we're poor enough. The price of a new house doesn't affect me at all bc I've lived in and owned my house for years, but my insurance has gone up a full 72% in a single year.
The 300 to 400 thousand home range and higher in San Antonio is so unaffordable for the normal resident San Antonion. Those are geared to all the transplants to San Antonio which has really slowed down and some are moving away because they couldn’t stand the heat… I say good riddance!
Too funny. I am reading the Cali folks are baling out of Austin partially for that reason. It’s too hot 🤣🤣🤣 Doesn’t anybody look up the weather before they move? But, it’s a win win. Maybe another summer will chase them out of AZ, too. Fingers crossed.
@@katydid2877 Summer of 2023 was exceptionally hot in Austin. Haven't seen it that hot in the 25 years I've been here. Everyone was surprised.
Absolutely, one of the greatest videos you have done! Melody is very knowledgeable and conveys a great deal of transparency. You guys make a great boots on the ground duo!!!!!
Correction on your report of the San Antonio food bank and the No fly zone by where the food bank is located. That no fly zone has always been in effect. You are next to lackland air fore base, Kelly air force and Medina. San antonio is military city USA. Alot of training goes on around that area. I also volunteer at the local food bank. I would say the large in crease is still due to the immigrant population. They are dumped in san anotnio and then left to wander the streets looking for odd jobs or a ticker to another city.
Austin became the "IT" destination during the pandemic. People in Tech in California and New York were told they could work from anywhere. They didn't have to buy a million dollar condo in NY or California. They could buy a home on 1/2 an acre for $500K so many did. All that influx drove up prices and, like before the Great Recession, everyone assumed prices would keep going up.Those buyer found out their employers want them back in the office. The Austin real estate boom they started, is turning into a bust. Home builders rushed in assuming that demand would be high so they flooded in with plans for new construction. No doubt, we'll see ripples of this across the country.
I liken the Austin land boom to the boom in the truck market during the pandemic. Dealers were jacking up prices on all trucks and tagging on a $20K "we're in a pandemic" premium. Now the repo people are picking up most of those trucks.
1/2 acre? Where? I live in Austin area and I see very few new builds on that much land.
@@skyfinancellc9538OK, I could be wrong about that but it is easy to spend a million on a 500 SQ FT condo in LA and NYC. You could see why home ownership in Austin would be attractive. I live in LA and to own a home for a million dollars, you are in the middle of a Crips/Bloods war zone. Park your car in front and it will gone before the engine cools off.
@@rst90274 yowza. Really? For a $Million you're still on the wrong side of the tracks?
CA folks that moved to Austin are leaving due to the Texas hell heat & horrendous traffic issues.
So I just want to point out a few things about San Antonio:
1. This is a military heavy city. There are 3+ bases. 1/10 homebuyers in SATX are military therefore a lot of people using VA loans with 0 down.
2. Melody said it herself but during recessions the job market tends to favor public sector over private sector jobs. This is why some people in Texas refer to San Antonio as “recession proof” city
3. New construction and apartments are VERY stressed. I personally know someone who is closing on a new construction with a 4.25% interest rate (bought down by builder). Apartments are only requiring $250 security deposit for rent that is $1200+. Some are even saying if you pay rent ON TIME for 3 months, they’ll give you one month for free.
Overall the signs are here that a recession is coming. But how long it will last is yet to be seen.
We're told the national debt is increasing by one trillion dollars every 100 days or so. Currently the interest alone on the existing federal national debt is over one trillion dollars a year which is a huge portion of revenue and with a 'balloon' payment interest reset coming soon that debt interest payment will skyrocket even more thus eating into existing big programs. We're also hearing the end of the dollar as the global reserve currency is likely very near and that would itself trigger very painful hyperinflation. Too bad we have never had very honest MSM reporting and now it's getting to be worse in terms of hiding important facts.
Also.. as a longtime San Antonio resident. I can say that there isn’t many high paying jobs here. Unless there is a bunch of people coming into town with $$ already, I don’t see how the local population / job market can afford many of these new homes. Unless they moving in a whole family and all pitching in.
Great insight; thank you!
It's 2024 and people still think you can't film in public 🤦♂️
She was just irked that the building was in the video.
@@wayneneva1 idk why the security guard thinks they can magically make a building disappear from the view of the sidewalk lmao
Texas doesn’t have the best education system 😂
San Antonio never learned from Austin,Houston, or Dallas when it came to growth. Native San Antonion who has seen the city grow but also resist change. There is so much potential for the city, however, a failure of leadership, investment, and difficult decisions have held it back.
Too many people not enough water, gonna end up like LA or something and they been importing writes to say that's a good thing for decades. If we wanna do that gonna have to pump water from the sea to meet the crazy growth projections some people had in mind.
Looking up the old numbers, we at +60k when they said +240k over the past decade so things didn't pan out and they wanted more than that. Infinite growth as the only reason a city sustainable just doesn't work. Dunno what numbers they had for the decade before but 2003 -2013 they mighta wanted it even more, basketball team doing well and all.
Agree, they still have not managed to import 400,000 Californians per year
Everyone struggling is going to get a lot worse and congress just passed another $60 billion to Ukraine 🤦♂️
Oh so now us historians are right...oh so now you'll aint calling us conspiracy theorists anymore when we holler the jesuits! Ohhhh😮😢
tax dollars leaving our country to aid other countries should be voted on by tax payers
This was so well edited. You guys are covering a ton of ground, literally and figuratively speaking❤
This is a fantastic video and is real proof that all of this is being hidden from the public. Thank you Travis & Melody.
We lived there for 8 years. Bought new construction in 2006 in 78253. . Sold in 2014 and lost $60,000. Illegals were given mortgages in ‘06-08 and they all walked away. Literally loaded up Uhauls in the night, decimating 1/2 our neighborhood and home values. Armadillo Homes! Their “preferred lender” did this! I bet it’s happening again!
Politicians cater to the Latino vote but in reality they do not have much power in SA. the city is run by the money power
I appreciate you for all that you do for subscribers. Thank you for keeping me posted about your journey in this amazing channel.
By far the best video, format, editing and audio of all yours videos!
I love no music on your drone footage, that is why I like your style on your videos.
You talk through your drone footage. AWESOME.
Saw this coming some time ago. The mortgage, the property taxes , the landscaping costs, the repairs plus the monthly HOA fees made me sell my house back in 2015. It was the best decision for me.
What was the result on your finances? I am about to attempt the same.
F HOAs never buy in an HOA
@nateisgreat8 I live simply. I am single. My 2 vehicles (2017 sedan and 2020 van) are paid off. I rent in a safe but not really luxurious neighborhood. I've been able to save a butt load of money. Now ready to slow down, close to retirement and i got close to a 1 mil in my savings.
@@kzarz0219 could leave the country and build someplace where that one million feels like ten
For me it was the lawn. Water cost, fertilizer, labor and biggest cost the mower itself. Thousands for a mower. The cost for it all was insanity.
As retired Military, I had USAA vehicle insurance for years. A couple years ago before Covid started they started raising rates for no reasoning. So after decades of using them I moved onto another insurer.
I have been loyal to USAA for almost 50 years. Between cars and House I pay $7,500 annually for insurance. I to have priced other insurance companies but with USAA subscribers deposits and annual credits on profits it still is the best deal. I’m one of those customers who is an asset, meaning I pay premiums and never have claims. That being said I am considering dropping my homeowners entirely and self insuring.
Interesting. Thank you.
I was with Allstate for 30 years basically since I started driving. Had to change since they decided to charge almost twice for no reason.
@,marisamartini1975 They're raising rates for a very good reason. There is another epidemic going on with illegals and vehicle accidents. When an uninsured illegal hits you it's covered by uninsured motorist. This is happening all over the country. I was T-boned by an illegal 2years ago destroying my truck. He got out of the car he was driving and ran. The cops working the accident said there wasn't much they could do and to file it to uninsured motorist. This is why rates are skyrocketing.
@markferguson5652 oh I know! I grew up in a predominantly illegal neighborhood once I move out in 2008 just 15 miles away my ins rates dropped. But now with that type of culture all over this country rates are increasing with just a few pocket areas of exceptions. However nothing changed with my area of living currently BUT i was able to get a substantially much cheaper but same coverage car insurance. So everyone should price shop instead of just continuing to accept. I have lots of experience with Houston and the demographics since 1956. The agents of development have been used for decades here and are only now being experienced in the rest of the country.
Great info! We’re doing exactly this. Cashing out of our Houston area home and moving closer to family in the Austin area. Renting for now to earn 5+% on the equity. The rental is 2 years old and never lived in bc the owner couldn’t sell it after their plans changed. Thanks for the confirmation that we’re on the right track.
SA just doesn’t have the business base like Houston or Dallas.
Yes! Thank you for doing San Antonio!
USAA’s quality of service has really declined over the years. I’m sure they’re losing customers by the droves
they haven't paid any interest on savings or checking to prevent people from taking their money elsewhere, that's for sure
All insurance carriers are feeling the squeeze.
They about to lose me for sure
Can you elaborate? Why are you badmouthing USAA?
@diegoroswell302 prices rose dramatically and Customer service has become ratchet.. there I said it
This is called a DEPRESSION.
Location, Location, Location. Biden invited all these immigrants to you.
Indeed. This is the 1929-42 pattern, but with a reverse/bad war spending effect this time:
It has been the precursor crash, brief boom due to policies help, then downward longterm spiral- followed by mass govt spending on mil.
Missing is the infrastructure jobs works to benefit the nation and workers en masse and continuing, and currently the *internal* mil spending at the source and resource mfg stage.
And the govt CAN'T spend on these in the mfg and real jobs level as that has been gutted domestically for too long.
Meanwhile inflation is still drastically accelerating and fuel costs climbing without internal resource ramping, exactly like in the 1970s stagflation cycle...
The outcome of this major depression and inflation cycle is highly likely to be a worst case scenario for normal working class and in debt older people, or those living where they cannot regulate base costs like prop taxes if not in debt.
I am becoming far more worried about economic conditions impacting everyone than I was in 2019, and that doom finance situation has only been pushed forwards and magnified irl since. 😶
@@seaneendelong8065 Welcome to Bidenomics.
Yes and deflation coming next.
@@ptturboe5792 Bidenomics. It will be OK.
You guys looked like you had fun putting this together. Great job!
I make lasagnas for families in need in my hometown and I am constantly seeing people asking for help more and more each week. It’s heartbreaking 💔
Thank you. If we all just did a little we could make a big difference….do unto others….
God Bless you, ma'am!
And it will get much worse, if the equity markets don’t keep up with inflation
Maybe they like your food and it’s easier than cooking for themselves. Lasagnas are time consuming for inexperienced cooks.
😢😢
Stop by by Boerne and see how Rich people is doing, 30-40% of the commercial is for lease/empty for months now and start going up for sale the last few months.
Houses they call them "matchboxes" for the quality and all, lease is over $3k for month for commercial and they are been empty for 2 or 3 years.
It's one company "Legacy" who have a lease a small house/commercial for $7500/month and a restaurant for like $17k per month xD they are all crazy here.
🎉🎉🎉 I’m loving this new format regarding your editing. Going back and forth with Melody and yourself is nice. The handheld microphone is also a nice touch.
And of course your videos are always BONKERS 🎉
Thank you Sean for being part of this video.
Blessings, C Los
I've been to San Antonio a number of times. I don't think it will ever be like it was when I first visited it on a 6th grade Texas history trip back in 1989. It just felt so laid back. Sea World was fun. The river walk was cool. Even the Mexican markets or mercado was colorful & almost felt like being in the markets in Mexico City. Today it's probably too commercialized & becoming typical cookie cuter metropolis America. I'll always love the Alamo though.
Thank you Melody, thank you Travis!!
Thank you for the commentary on USAA. I’ve been with them for 20+ years and was not aware of their layoffs.
Great insights!! Love the different boots on the ground perspective here in SA. You have no idea how much building there’s going on all around 1604, absolutely BONKERS! Could’ve sworn I just saw you on Henderson pass/1604 today 😅.
Thanks for the local interview. Very useful video. I was thinking of moving there. Now I have to rethink
Hold strong buyers! Our time is coming!
Save! Save! Save!
Amen
Absolutely!!!!
Yes it will
Public sidewalks security.. geez. That company should fire her or train her..
Ty so much we appreciate you guys doing this. 🙏 for your safety also. So tired of the media lying and controlling people's lives
Food bank is close to Kelly Field approach, hence the drone restrictions
You guys put on a good show! Fast moving and well coordinated. Thanks!
You guys are doing excellent work
This mess was created by the state of Texas and their expert appraisal department. They over exaggerated the home values in 2021, had excessive amount of surplus that did not return to home tax payers. I speak for experience my taxes went from 1300 to 15,300, my mortgage was $998 and went to $2200, had to pick up a second job to keep a roof over our family. Appraised value @$855k but realtor said we would be lucky right around $555k. Wait what? Why are we been charged taxes on an appraised value we can't sell homes for??? Yeap it's now for sale. Purchased land cash and waiting to sell to get a home...
Did you protest the appraisal? Pro Tax is a great company to fight for you
Houses are too expensive, just like vehicles and food. Corporations have moved production to where it cheapest thus pocketing record profits. Build here, buy here.
Corporations are just greedy. We need to stop buying and force them to lower the prices.
Much better than CNN congratulations
@@BTCforce How about much better than all of the mainstream media outlets COMBINED? Great honest reporting for a change. I'm so tired of the constant MSM baloney.
you are right next to lackland AFB ! literally in the path of the runway when at the food bank
Its feels like a decade of building dwellings that are outside the reach or affordability of the majority of Americans and no consideration of lower cost of living homes.
Excellent job guys! It’s great to see both of you working and reporting together. Can’t get any better than this!
Allot of people cant afford a house due to the inflation rates. No matter what happens they plan on raising it even higher. This means millions will loose their houses and even more will be out there.
thank you, Travis and Melody, you guys are the dream team
Just love the back & forth quick takes from both of you guys! You both have chemistry. Keep going!!!
Thanks for the video guys, can we do one for Dallas, TX?
It’s in progress :)
Good to hear...I'm in East DFW now and the new developments and multi family units are everywhere...you should visit the Rockwall/Fate/Royse City area
Wow Melody and Travis you guys have outdone yourselves. Amazing job. The video format is incredible! Well done!
Well I'm familiar with the food bank area..its in the landing zone of lackland AFB..but it's not like you're that far above the ground for the drone. 👍
Nice work. Melody is a super person..
Actually, the Food Bank is just a few hundred yards from the approach path to Kelly Air Force Base. They land fighter jets, huge transport jets all the time. Surprised you didn't see or hear one while filming. I think it's a mischaracterization to say they just don't want people filming. It would definitely be a flight hazard.
The sad part is that these investors are probably using the working man’s pension /401K money to gamble on these homes with
Exactly! Also being ultimately backed up by taxpayers and money printing and thus feeds into the deficit which threatens to make life very difficult for younger generations going forward to simply survive.
Fantastic video and work by you and Melody. I really enjoy all your content. As a "hopeful" buyer who went thru the last GFC, I am being very cautious. I really applaud this type of video and all work you guys put into it!
Supply and demand. Somebody missed that day in class when they taught that.
people went crazy and started buying houses for double the price and 7%+ interest....of course now they are trying to sell. People with sense don't want to buy a home for $250,000 - $400,000 When those same houses 4 years ago were going for 150,000- 250,000.
I work at a carwash near Ingram in San Antonio. Many customers pull in in seventy-thousand-dollar trucks handing me and my staff random items from the food bank. Not all showing up to food bank are in desperate need.
Awesome collaboration ya’ll!! Well done! Appreciate the Texas coverage. ❤❤❤
Hey Travis, I'm in an Austin suburb and am glad to hear that you will be coming here to check things out.
Melody said that the next 3-5 years will be very challenging. I'd like to here more as to what she's thinking about that ...
Also, when Melody emphasizes "doing whatever you can to pay down all of your debt .." uh ... Melody .. are you referring to consumer debt? Or are you taking the Dave Ramsey high-road there and suggesting that we pay off our home mortgages as soon as possible? Maybe you could clarify?
Thank you for coming out to Texas, both of you. :)
I just left San Antonio in Dec I'm a construction worker and I was there for 4 months out of that 4 months I went to work for only 2 weeks and then nothing I transferred my paperwork from Vegas to San Antonio never again I've lived there off and on for over 5 years never again.
No sales …… I’m local and no price reductions . Still too expensive for local ?
I love this duo. You are both awesome. I love the collaboration. ❤❤❤❤❤
There are folks from other states moving to San Antonio and building. My partner & I are one of those. Our house will be completed in a couple of months. Ask around. Many from Austin and California other states moving to S.A. There are also a number of projects such as new Hospitals being built Microsoft Data Centers, many opening small businesses, also many working for DOD, Air Force too, etc.
I am one of those people as well...moved here and living here off of my Denver salary. A lot of people in my new home community are from Cali and NY and Washington state....and the homes here, we all mostly paid under $290k
Big picture #3:
I have been to San Antonio recently and yes, empty downtown. as one LOCAL said : "the same was Baustin 10 years ago and look now".
In other words, the craziness of million of people moving downtown is just part of a trend - Or fanaticism like in the case of Baustin
Public sidewalk that means us taxpayers pay for it if you don't like us filming too bad. LoL
I told you Travis. It's crazy out here
I've never been to SA but was just curious how it was. Thanks for the reporting. Wish LA had more homes for sale but we've built everything
U guys are the real news. Thank u
You mentioned 'over' building of 'units'.San Antonio is Not the only housing market in this part of Texas.Consider New Bruanfels and Austin which are relatively close by.There are Many,Many new 'units'(homes,condos and apartment complexes) under construction.
The San Antonio Food Bank is directly in line with Kelly Field (SKF). 1.3 miles from the end of the runway. SKF is a very busy military area. Lot of C5’s and T-38s constantly training. Please be aware of your location before flying drones.
Fantastic reporting and research. Thank you both!
FYI: The SA Food Bank is less than 1/2 a mile North and directly inline with the Kelly Field Annex runway. That’s why you can’t fly drones.
Love this new content and the calm energy. Really love the color coordination too! ❤️
Bloody bonkers! 😱 S is going to hit the Fan!! Brace for impact! Thanks Travis and Mel!
I feel like this is Deja vue from watching the Big Short. Reminds me of the scene when they flew down to Fl and came back to put on the position.
Exactly! We’ve learned nothing! We bought brand new in San Antonio in 2006 and had to write a check to get out in 2014 because half our neighborhood walked away and left keys in the counter.
Perfect timing. I'll be there looking starting tomorrow 😊
What an incredibly detailed analysis. I am looking to list my house in Jan. The property taxes are ruining my life here.
Great job, love the new format!
I live in San Antonio. So this is funny. I was just at the mall and it was wall to wall crowded. I think people don't go down to the Riverwalk because they just don't like going down to the Riverwalk it's a tourist area it's not really something locals care about. 😂 I mean who wants to see the Alamo everyday it's so boring. And if you're talking about the houses they have had a lot of construction but that's because a lot of people keep moving to San Antonio. We are the fastest growing city. What's going on that I've noticed with houses is that first everybody was selling because their homes were worth more but then they stopped when the interest rate went up. Some people got stressed out at their mortgage fluctuating due to high property taxes. Make sure you get your homestead exemption to avoid that. 😊 The only thing I've noticed different in my neighborhood is that of selling their homes most people are now renting them. Probably just waiting for the housing market to come back around.
People were moving to San Antonio in 2020-2021 but net migration slowed significantly last 2 years
I'm in the suburbs just outside of san antonio. There are so many houses in my neighborhood that are just not selling, but they are older homes and we're on the lower end of prices. But lots of people buying newer bigger homes in these new neighborhoods over in the Schertz and Cibolo area. My best friend just bought a brand new home and so did her sister.
There are at least 100,000 homes announced or under construction between Austin and San Antonio - not including within those cities or in other directions.
There is an old military base behind the food bank called “Kelly Air Force base” they still fly fighter jets from it, so that may be why the drone wasn’t allowed.
Nice. Can you guys do a Houston vid. Or maybe I need to look at your library in more detail
Just love this! Reality Check. We are the news.
❤your videos. It would be better if you do some local interviews to give us more insight,
The food bank suplies food pantries. Individuals don't go to the food bank for food. They do have staff there that can help Individuals apply for food stamps.
Agree, more pain to come. Be patiant, prices will come down. Maybe by some precious metalsto protect from aggressive inflation from government overspending and financing wars. Banks are in trouble for lending for 28:01 commercial new constriction. Ho May
Boots on the ground and eyes from the sky. I am loving this! You guys are doing an amazing job!
You guys did a great job on this but can you do one on Las Vegas, please
I would love to see a market analysis of Cape Coral, Fort Myers, Lehigh area in FL ❤ loveee your videos