Wall street investors are liquidating houses at big discounts in Florida.

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  • Опубліковано 22 гру 2024

КОМЕНТАРІ • 1,7 тис.

  • @ReventureConsulting
    @ReventureConsulting  3 місяці тому +110

    4th house I've found that Blackstone is selling.
    What's consistent among the locations? Skyrocketing inventory. Below are the ZIP codes and associated inventory growth YoY of the Blackstone selling locations.
    33545 Wesley Chapel: +87.9% inventory growth YoY
    34221 Palmetto: +67.6%
    33709 St. Petersburg: +70.9%
    34205 Bradenton: +61.7%
    Seems like they're targeting high inventory growth markets with slowest rental activity. Access the data on inventory for your area to see if there's a selloff occurring on Reventure App: www.reventure.app

    • @UrbanAssetProtection
      @UrbanAssetProtection 3 місяці тому +9

      The video seems interesting. It appears they're just going to create Project-based Section 8 housing and receive market-rate rent from the government, regardless of the situation. I'll only believe it's a market crash when property taxes decrease, home prices drop nationwide, major insurance companies return to Florida, and the same trend is observed in other states.

    • @LibsareTRASH
      @LibsareTRASH 3 місяці тому +1

      This is clicbait trash like usual. Get a real job

    • @bubbajones4522
      @bubbajones4522 3 місяці тому +9

      The formula isn't that complicated. Prices will come down to the point that the average home price and associated carrying cost equals 1/3rd the average income. The median Florida income is $67,917 /3= $22,639 or $1,886/month PITI and HOA. With current interest rates 6.9% and 20% down would require the average home price should be $285K before HOA and CDD dues. This is also assuming you have the $57K 20% down payment. This formula suggests home prices will drop another 28%.

    • @TravelTechie415
      @TravelTechie415 3 місяці тому +6

      most of these homes are still overpriced %40 , too damn high

    • @MHiggins
      @MHiggins 3 місяці тому +5

      Wait a minute. What’s driving down the Florida market isn’t just drying up buyer demand but two other factors contributing:
      Escalating insurance premiums
      Rising property taxes
      Rising HOA fees leading to the collapse of the condo market
      This isn’t a normal market downturn. Buying now in a market like Florida is crazy especially with climate and weather related issues increasing

  • @PorterWunt
    @PorterWunt 2 місяці тому +175

    I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

    • @WilliamsJoy-t7q
      @WilliamsJoy-t7q 2 місяці тому +3

      Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.

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      @wellsHannahh 2 місяці тому +2

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    • @paultrump7630
      @paultrump7630 2 місяці тому +2

      @@wellsHannahh How do I reach out to one? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.

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      @wellsHannahh 2 місяці тому +2

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  • @charleshart5563
    @charleshart5563 3 місяці тому +182

    Jacked up all the prices and realized the local population can't afford it. F those people

    • @eliot5220
      @eliot5220 2 місяці тому +11

      Greed is not smart. At some point it doesn’t make sense. It just shows you how dumb people are.

    • @benedwards3427
      @benedwards3427 2 місяці тому +4

      Greed for the people on the short end but speculation for the investors.

    • @eliot5220
      @eliot5220 2 місяці тому +5

      @@AkashicSeer That doesn’t make any sense. They just got too greedy. They were trying to squeeze as much rent out of you people as they could. Now the jig is up.

  • @Sports4All-kw5vm
    @Sports4All-kw5vm 3 місяці тому +502

    There's no shortage of homes just overpriced houses!

    • @omegamale7880
      @omegamale7880 3 місяці тому +20

      There's only a shortage of affordable homes.

    • @shanerogers9386
      @shanerogers9386 3 місяці тому

      There never was a shortage of homes - at all. Just scumag speculators hoarding homes and trying to get rich extorting others. People should find them and deliver some justice

    • @shanerogers9386
      @shanerogers9386 3 місяці тому +5

      @@Sports4All-kw5vm careful. These comment will likely be censored by UA-cam.

    • @noneyun9943
      @noneyun9943 3 місяці тому +8

      I live in a very rural area and our neighbors listed their 2019 purchased price 210k home for $360k this month! That’s crazy! Nobody in our area can afford that junk ranch home that’s $150k too high, especially when we don’t have big paying employers in this county. I had no idea because we bought our homes in 2010 and a couple others in 2015 and 2016. We bought three homes because we wanted to refurbish and do vacation rentals. Now I’m thanking god we didn’t sell them, and I don’t see buying anything else until this market crashes.

    • @shanerogers9386
      @shanerogers9386 3 місяці тому

      @@noneyun9943 come on down to Palm beach county we’re land that was sold for 60K in 2018 and then again in 2022 for $125 then sells in 2024 for $800K
      Or watch a small 4 plex bought in 2021 for $760 sell for $4.2MM in 2022.
      Lots of these home sell, then no one moves in

  • @robertmcgee7083
    @robertmcgee7083 3 місяці тому +313

    75k isn’t enough, knock off another 200k.

    • @DannyFyffe
      @DannyFyffe 3 місяці тому +21

      Now you have hit my minimum number. I thought the same thing that this house will need another 200K cut MINIMUM before it sells.

    • @walkingstick6655
      @walkingstick6655 3 місяці тому +5

      Hmmm. Really? So, $212,000? I suspect that these homes are pretty shoddy, but show me any place where even the shoddiest of homes, except for up some "holler" in West Virgina, can be had for that amount?

    • @DannyFyffe
      @DannyFyffe 3 місяці тому +6

      @@walkingstick6655 You really don't understand perceived value vs. real value? If not, let me know and I will break it down for you.

    • @Red-n5r
      @Red-n5r 3 місяці тому

      @@walkingstick6655 That mentality is what drives the market up. Go on any real estate site and see what homes sold for pre-2020 (pre-covid) and what they're selling for post-covid. In what rational world does real estate appreciate ~100-200% in that time frame? This market is an anomaly.

    • @walkingstick6655
      @walkingstick6655 3 місяці тому +1

      @@DannyFyffe Oh, please educate me. All values, are in a sense, somewhat illusory. And, um, the definitions of the two are, literally, in their names. Explain to me the real value of one of these cookie cutter properties being real valued at $212,000. Frankly, actual or real value are considerable affected by perceived value, like any commodity. The real value of something can be, essentially, whatever someone will pay for it, though things, such as houses and securities, can certainly overvalued. Something being overvalued, say a given stock, can still have sold for that perceived value, which, in real dollars, is the actual price, right?

  • @ryan2clw
    @ryan2clw 3 місяці тому +933

    Corporations owning single family homes should be illegal

    • @The_Forever_Soldier
      @The_Forever_Soldier 3 місяці тому +79

      Absolutely right. To fix this problem immediately, the government needs to pass a law that single family homes must be inhabited by the buyer, like they do with FHA loans. Corporations buying single family homes is becoming a dangerous national security threat.

    • @thedopplereffect00
      @thedopplereffect00 3 місяці тому +24

      ​@@The_Forever_Soldieryou just proposed making vacation homes illegal

    • @Jacob-qc8lt
      @Jacob-qc8lt 3 місяці тому +28

      @MelchizedeckPriest for its citizens which are people...not greedy multinational corporations.

    • @davidpham9353
      @davidpham9353 3 місяці тому +10

      keep crying and nothing happens, the government backs them up, thats just a fact.
      instead, learn to play the way they do.
      Thats why I own 391 rental units in just from 2013-2020.
      Oh, I'm just a smart individual who learns the right way to invest.

    • @kfgabriele9852
      @kfgabriele9852 3 місяці тому +29

      Multi-national and Foreign companies, as well as foreign govts, owning land and property in America should be illegal.

  • @Chirtopher-x4e
    @Chirtopher-x4e 3 місяці тому +208

    Reminds me of the saying, "Be nice to the people on the way up because you're going to meet the same people on the way down.

  • @tatianastarcic
    @tatianastarcic 2 місяці тому +454

    The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.

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      @SandraDave. 2 місяці тому +2

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      @ClarkeGriffiny7 2 місяці тому +2

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      @Hectorkante 2 місяці тому +2

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      @ChristianKelv 2 місяці тому +1

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  • @Jayy340
    @Jayy340 3 місяці тому +80

    Also another thing that’s in mentioned is how bad the quality of these new homes are, it’s ridiculously bad for 400k plus

    • @lulus704
      @lulus704 2 місяці тому +5

      This is so true. And I don't hear people talking about it because the surface level finishes are nice and tidy, but the bones are junk.The quality of construction keeps dropping it's insanity.

    • @BekkaPoo
      @BekkaPoo 2 місяці тому +2

      All home depot fixtures and floors. $400k trash.

    • @matthewallman3500
      @matthewallman3500 2 місяці тому +4

      I have a friend who bought a new home 2 years ago and everything is falling apart and she's hardly ever home and mostly eats out.

  • @markquitoshammeritos
    @markquitoshammeritos 3 місяці тому +144

    That's great. I would not want to see anything else but Blackstone lose their asses on all these houses they bought. If there is anything that contributes to the terrible rise in house prices, it is a company like Blackstone that go into many neighborhoods and buy up all available houses only to rent them out. I'm still waiting for legislation that prohibits companies from buying residential properties.

    • @careyfreeman5056
      @careyfreeman5056 3 місяці тому +9

      Only way to do that is to figure out a way to get people to voluntarily NOT buy their houses. But, as usual, they'll get out whole while leaving the carnage for regular people.

    • @stephenshuman1
      @stephenshuman1 3 місяці тому +5

      Blackstone is NOT the reason housing prices are where they are at……. It’s because of artificially low interest rates enabled by the federal reserve

    • @BbCc-uf8fu
      @BbCc-uf8fu 3 місяці тому

      Low Rates were not a reason for these investors to buy where were they expecting buyers or renters to come from some or another these investors developers were banking on aliens from out of space to rent or buy - we have run out of selling to foreign owners now and it’s shame that for profit we depended on foreigners 😮

    • @lyndabrown3402
      @lyndabrown3402 3 місяці тому

      @@stephenshuman1I agree. I worked in mortgage banking in early eighties when interest rates for homes were about 16% and car loans were 14%. Inflation under President Carter was high so it took several years to flog inflation.

    • @ziprline
      @ziprline 3 місяці тому

      Don't worry. This filthy corrupt democRAT govt will bail them out.

  • @marksgoogle4360
    @marksgoogle4360 3 місяці тому +29

    Lay offs are picking up everywhere. I would stay away from all debt possible

  • @Sports4All-kw5vm
    @Sports4All-kw5vm 3 місяці тому +62

    The investors made a tremendous impact on homes back in 2021, 2022 here in Florida glad to see that Wall Street investment firms are lossing their shirts!

    • @phreedomphile
      @phreedomphile 3 місяці тому +2

      Yep, but too bad large pensions (mostly) and banks have been taking on enormous commercial real estate losses brokered by B.S.tone like the recent case in NYC where a ~$400 million loss was absorbed.

    • @me-ut3ud
      @me-ut3ud 3 місяці тому

      Selling for a small loss means you have tax write-offs which is a positive. But nothing was mentioned about income they earned while holding. Might have broke even who knows

    • @williamtiffee3799
      @williamtiffee3799 3 місяці тому

      Then they'll soon "buy them all back" (at 20 cents on the 'fiat' dollar) as par. Wall Street "pump n' dump..." 101 ! (Aka: Buy low, sell high...) Only now the Hedge Funds (of the Big Bank/ ers) are also jacking the INSURANCE costs... to the moon, and the property taxation is also going to "implode" local to state budgets! (So THEN they can swoop- in and BUY @ 10 cents on the dollar... and 10 vs. 5X, their holdings!) It's predatory: "Dis@ster Cap, er Commu- schism!"

    • @shanerogers9386
      @shanerogers9386 3 місяці тому

      @@phreedomphilewhere does the leadership of these companies and their families live?

    • @plektosgaming
      @plektosgaming 3 місяці тому +1

      You will see no place worse in the next 2-3 years, though, than Las Vegas. It's known for insane market bubbles and this time, there are going to be well over 100,000 properties on the market with no buyers in sight. People bought and bought thinking it would never end and so you have entire sections of the city that are rentals, 2nd homes, investment properties, B&Bs and the like that are all not actually occupied by a resident. Way worse that Florida. All that is needed is a push and the panic to start. The house of cards is already about to topple over.

  • @mikeking7582
    @mikeking7582 3 місяці тому +221

    THIS BUBBLE IS MUCH LARGER THAN 2008

    • @enthused7591
      @enthused7591 3 місяці тому

      30-35% larger roughly. And that doesn't account for the simultaneous 40%-60% increases in homeowner's insurance, water and electric bills and grocery bills as well, which is something that didn't even happen to compound the problem in 2007-2008. There was no inflation issue caused by out-of-control spending in 2007, just a bubble of 4.9X the median income for the median priced home caused by subprime loans and ARMs. Today, it's a bubble of 6.8X the median income for the median priced home caused by the government STARTING to hand out $6 trillion in "free" newly printed money at the TOP of 2019's 10-year economic peak and already-new all-time highs. People really don't understand how much worse this is. We have TWO 2008 bubbles stacked on top of each other. The only reason subprime loans and ARMs in 2005-2007 even mattered is because they CAUSED the bubble, and that unaffordability caused the crash. People get that wrong SO often. This bubble is worse, even without the ARMs. We have more subprime loans this time around, but they're disguised as good loans because people had 800 credit scores. An 800 credit score doesn't matter when 10 million people got loans for $350k on a home that cost $180k 2 years beforehand while earning $70k, and then they all lose their incomes entirely.

    • @Jay12Dizzle
      @Jay12Dizzle 3 місяці тому +23

      Exactly . Same wages , same houses double the prices. wtf were these companies thinking. They really thought this wouldn’t end bad?

    • @tonyburzio4107
      @tonyburzio4107 3 місяці тому +6

      It is 2008, except the pension funds bought the property itself instead of the mortgages on the property.

    • @walkingstick6655
      @walkingstick6655 3 місяці тому +1

      In Florida or the US/?I doubt that what's happening now in Floriday is anything close to the subprime mortgage disaster where armies of families were losing their homes or stuck with properties wildly under water for years.

    • @jonathantaylor6926
      @jonathantaylor6926 3 місяці тому +7

      @@Jay12Dizzle Yeah and its the cheap houses that really went up... some homes are up 300% in 8 years... I know damn well im not making 300% more. So it stands to reason that if people are spending way more money on housing cost they have fewer dollars to spend elsewhere in the economy. There is no way restaurants, hotels, auto dealers etc don't all suffer as a result of high shelter cost. Having a roof over your head will always be the priority.

  • @samueladams584
    @samueladams584 3 місяці тому +66

    Those basic cookie cutter style cheaply built houses in Wesley Chapel are way over priced and they look horrible. No classic building styles. Ridiculous.

    • @rdee7406
      @rdee7406 3 місяці тому +3

      Those houses are nicer than anything you’ll ever afford

    • @samueladams584
      @samueladams584 3 місяці тому +8

      @@rdee7406 🤣🤣🤣
      Sounds like they fooled you into buying a cookie cutter style home

    • @bigdaddybry
      @bigdaddybry 3 місяці тому

      Just looked up this house on zillow. It's horrible. Cheap, cheap, cheap. Awful tiles and carpeting, terrible kitchen and cabinets, motel 6 bathroom. Cut another 200k off it

  • @Wellington12-1
    @Wellington12-1 2 місяці тому +750

    I’m a pensioner and looking forward to investments like real estate any advice or tips I could use?…anyone?

    • @ChiuLeess
      @ChiuLeess 2 місяці тому

      Hey stay informed about the real estate market trends in your area of interest. Understanding market conditions can help you make informed decisions about when and where to invest

    • @Luisbarkey
      @Luisbarkey 2 місяці тому

      Budget Wisely i mean…
      Set a realistic budget for your real estate investments based on your financial capabilities and risk tolerance. Avoid overextending yourself financially to minimize potential risks.

    • @paulchristian8
      @paulchristian8 2 місяці тому

      Familiarize yourself with the legal aspects of real estate investments, including property laws, contracts, and tax implications.

    • @TheRick11
      @TheRick11 2 місяці тому

      Consider diversifying your real estate investments to reduce risk. You can explore different types of properties such as residential or rental properties to spread your investment across various assets.

    • @Ralphy-jx7ws
      @Ralphy-jx7ws 2 місяці тому

      Consult with Financial Advisors
      Before making any investment decisions, it's advisable to consult with financial advisors who specialize in real estate investments. They can provide personalized guidance based on your financial situation and goals.

  • @TimeToBeKind
    @TimeToBeKind 3 місяці тому +201

    By September of 2026, you better believe that houses will be back to 2013 prices.

    • @louisdiedricks7110
      @louisdiedricks7110 3 місяці тому +39

      Not if the government prints up a quadrillion bucks. Then it'll be bye bye American Pie.

    • @kelvindupera3327
      @kelvindupera3327 3 місяці тому +14

      Hopefully 😢

    • @blazetino5713
      @blazetino5713 3 місяці тому +15

      Crossing my fingers 🤞

    • @trailduster6bt
      @trailduster6bt 3 місяці тому +10

      We can only hope!

    • @SomeUserNameBlahBlah
      @SomeUserNameBlahBlah 3 місяці тому

      No, the government will pay landlords to house illegals in those homes. We all lose, have fun.

  • @meriemdjouini8545
    @meriemdjouini8545 3 місяці тому +55

    Honestly after relocating to Florida, I am no longer interested in buying here. Thanks for being on top of this as always!

    • @CroisMoi
      @CroisMoi 3 місяці тому +5

      My dad lives in Ft. Myers. People had their houses washed away in the hurricane. If they had insurance for a hurricane, a lot of companies went broke. So the people lost everything they owned, with no insurance. It is kind of a brutal way to live. My dad lives far inland, so he was barely affected by the hurricane.

    • @diosprotege9328
      @diosprotege9328 3 місяці тому +2

      Smart!

    • @tonyburzio4107
      @tonyburzio4107 3 місяці тому

      Insurance companies went broke because feral contractors worked with slimy TV lawyers to drive repair costs up 400%.

    • @brianleblanc2758
      @brianleblanc2758 3 місяці тому +1

      @@CroisMoi me too I am by the highway, we didnt lose power

    • @ChillWill-q5x
      @ChillWill-q5x 2 місяці тому +2

      I spend my winters there, I am always quite happy to be heading north after a few months.

  • @keithakola
    @keithakola 3 місяці тому +13

    Nick, it's really cool to see the boots on the ground AND Zillow to back it up... I learned so much in >10 minutes

    • @tonyburzio4107
      @tonyburzio4107 3 місяці тому +2

      Zillow caused it, there is a bug in their software that approximates current value.

    • @keithakola
      @keithakola 3 місяці тому +1

      @@tonyburzio4107 Zillow is corrupt as Blackstone.

  • @davidgagliardo3258
    @davidgagliardo3258 3 місяці тому +7

    I'm thankful to have sold my Tampa home last May when the market peaked. As soon as it sold, we hightailed it out of Florida and moved to northeast TN.

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    @chinyerejoseph8004 3 місяці тому +49

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  • @TigersPaw04
    @TigersPaw04 3 місяці тому +8

    Thank you! I live in Tampa area and I’ve been saying this sellers are delusional thinking where all they’ve done is put up a ceiling fan and it should sell higher then a new construction. It’s like their fingers are crossed hoping for that out state lotto ticket to hit and someone to pay over asking with a cash offer. Those days are over are with! Hopefully, good sign of the prices getting back to normal.

  • @JonSmith531
    @JonSmith531 3 місяці тому +60

    Nick, do you think these institutions might be manipulating the market to pull down neighborhood house prices and then scoop them up on the cheap?

    • @PaulyC11373
      @PaulyC11373 3 місяці тому +12

      Selling at a loss so they themselves can buy it cheaper afterwards? LOL 😂.

    • @JonSmith531
      @JonSmith531 3 місяці тому

      ​​​@@PaulyC11373It's called market spoofing. They lower the ask to push down the asking prices of houses selling around this one then buy them low. Even if an institution actually sells a few to pull down the comps it could still work and be profitable. Sell one to pull down an entire neighborhood then buy 10 below market.

    • @CaseyKoplinCk13
      @CaseyKoplinCk13 3 місяці тому +2

      Yes. Exactly what i also realized.

    • @CaseyKoplinCk13
      @CaseyKoplinCk13 3 місяці тому

      ​@@PaulyC11373not the same house by selling a few at a loss to then buy neighboring houses for cheaper.

    • @keysautorepair6038
      @keysautorepair6038 3 місяці тому

      @@PaulyC11373Just because something is for sale doesn’t mean they have to sell it!

  • @keha3271
    @keha3271 3 місяці тому +48

    Holy Moly! Those houses are packed in there tight. Who wants to live that close to anyone?! Nothing like smelling your neighbors, their pets, and their funky cooking. Good luck finding a descent neighbor you actually like.

    • @queserasera1674
      @queserasera1674 3 місяці тому +7

      Or hearing their screaming kids.

    • @07truth
      @07truth 3 місяці тому

      Believe you meant “decent” 🤷

    • @7th_CAV_Trooper
      @7th_CAV_Trooper 3 місяці тому +5

      Most of the homes in Wesley Chapel are low end spec homes. Total garbage.

    • @lauriesica
      @lauriesica 3 місяці тому +1

      That's funny. We are so used to living close together that it feels weird to have more land. Plus more land requires more of your time and money for up keep

    • @7th_CAV_Trooper
      @7th_CAV_Trooper 3 місяці тому +2

      @@lauriesica nah, just money. You can hire the poors to maintain the land for u

  • @Kjhgr01
    @Kjhgr01 3 місяці тому +45

    The scariest part is they were built so fast that it makes me wonder about the built quality.

    • @AFAskygoddess
      @AFAskygoddess 3 місяці тому +9

      I bought a 1979 build, concrete block Florida house five years ago. Sure, it needed updates, but the thing is built like a fortress and survived a dozen direct hit hurricanes just fine. I see new construction going up in my area, and I shake my head in disbelief. Wood frames with particle board. Those homes are doomed.

    • @me-ut3ud
      @me-ut3ud 3 місяці тому +7

      No need to wonder, those are terrible builders to begin with

    • @pctrashtalk2069
      @pctrashtalk2069 3 місяці тому +2

      Build mostly by immigrant labor is what I saw on my house. Also people working construction jobs out of the trunk of their car.

    • @Red-n5r
      @Red-n5r 3 місяці тому +2

      Crap, shitty. Here in SE Florida the crappiest. I don't blame insurance cos. for not wanting to be in this market.

    • @Kjhgr01
      @Kjhgr01 3 місяці тому +1

      @@AFAskygoddess Yeah, I'm holding on to my 1989!

  • @J.woltz48
    @J.woltz48 2 місяці тому +593

    I’m closing in on retirement and I'd love to move from Minnesota to a warmer climate, but home prices seems ridiculous today, do I go ahead with buying a house anyways, or look at other sectors of the market?

    • @everceen
      @everceen 2 місяці тому +2

      diversification is key to good investing, consider talking to an advisor about which sectors of the market to focus your portfolio on

    • @marlene_orja
      @marlene_orja 2 місяці тому +2

      I agree, amid covid-19 outbreak, I simply adopted the service of a certified financial planner instead of panicking and thankfully, I'm just about 10% shy of a 7 figure portfolio after 100s of thousands invested so far, marking my highest financial milestone.

    • @marlene_orja
      @marlene_orja 2 місяці тому +2

      I've shuffled through a few advisors in the past, but settled with Karen Lynne Chess. You'd most likely find her basic info on the internet, she's well established with over two decades of experience.

    • @fromthebirchwood
      @fromthebirchwood 2 місяці тому +2

      excellent share, curiously inputted Karen Lynne Chess on the web, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

    • @williamtiffee3799
      @williamtiffee3799 2 місяці тому

      WAIT for the coming 40 - 80% staged: "devaluation," then BUY where the Hedge Fund "institutional and private equity - cash buyers" invest? Or outside of the 'commute' zone, within driving distance at at lease a 50% discount?? (Or in another country? Or buy precious metals, etc. vs. RE... and just "lease option" (with the "option, vs. obligation" to purchase) with 2- 5% down for 2- 5 years, at a time???)

  • @Esperia-ef9xh
    @Esperia-ef9xh 3 місяці тому +119

    Blackstone selling a $100,000 home for $415,000, wow im on my way to buy it, 😂😂😂😂

    • @The_Forever_Soldier
      @The_Forever_Soldier 3 місяці тому +4

      😂😂😂

    • @frankyhonnolus5528
      @frankyhonnolus5528 3 місяці тому +2

      But they’re selling it at a loss. Get the point.

    • @The_Forever_Soldier
      @The_Forever_Soldier 3 місяці тому

      @@frankyhonnolus5528 Anyone buying it for more than $200 K is taking a major loss.

    • @elizabethgraham8819
      @elizabethgraham8819 3 місяці тому +1

      My exact sentiment.

    • @rdee7406
      @rdee7406 3 місяці тому +8

      100k? Yeah you’re never going to own with your delusional thinking good luck

  • @Evili1056
    @Evili1056 3 місяці тому +18

    I bought in 2011 in Florida. Blackstone isn't the only bad guy. I was given broker priced opinions that were not an accurate description of the property. I would read the bpo then go to the place. It wasn't even close. So the realtors were to blame too. They would keep me out of the property until the 30 day owner occupancy contingency expired and then sell it to their friends. One realtor stole people's credit cards in Kentucky and then was given a license in Florida. Once Florida knew they pulled her license but how did she get one? You should warn your viewers about realtors and the recent lawsuit.

  • @sarawilliam696
    @sarawilliam696 2 місяці тому +7

    Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

    • @NicholasHarmon-ow3jl
      @NicholasHarmon-ow3jl 2 місяці тому +4

      If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

    • @carssimplified2195
      @carssimplified2195 2 місяці тому +3

      Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

    • @KaurKhangura
      @KaurKhangura 2 місяці тому +1

      I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

    • @brucemichelle5689.
      @brucemichelle5689. 2 місяці тому +1

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

    • @KaurKhangura
      @KaurKhangura 2 місяці тому +1

      Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @alexpavchinski
    @alexpavchinski 3 місяці тому +34

    $412K? Don't these people check nearby listings before they list? It's going to sit!

    • @phreedomphile
      @phreedomphile 3 місяці тому +8

      Check out the history. In just the two years since it was built it was sold twice. March 2022 originally sold for $324K, then sold again June 2023 for $372K. Next, listed July 30, 2024 for $410K then raised to $412K the next day on July 31st. Like a hot potato. lol (and not sustainable)

    • @mysticproduce705
      @mysticproduce705 3 місяці тому +1

      Listing Underwater now ….

    • @scottiswatchingtele
      @scottiswatchingtele 3 місяці тому +2

      @@phreedomphilethere trying to break even

  • @RodgerSherman75
    @RodgerSherman75 3 місяці тому +68

    I came across your channel through this video-
    case studies are incredibly valuable, and I'm eager
    to see more in the future! Building wealth involves
    establishing routines, like consistently setting aside
    funds at regular intervals for smart investments.

    • @SharonCriswell65
      @SharonCriswell65 3 місяці тому +1

      You're correct. I think the smartest way to go is
      to spread out your investments. By putting
      your money into different asset classes like
      bonds, real estate, and stocks from other
      countries, you can lower the risk if one part of
      the market goes bad.

    • @CamilaCardone66
      @CamilaCardone66 3 місяці тому +1

      That sounds like a good plan. In the past two
      years, working closely with a financial market
      specialist, I've builta six-figure diversified
      stock portfolio. Now, I aim to diversify even
      more this year.

    • @Freddie_Rose_28
      @Freddie_Rose_28 3 місяці тому +1

      Talking about a financial market specialist, do
      you consider anyone worthy of
      recommendations? I have about 10Ok to test
      the waters now that large cap stocks are at a
      discount

    • @PercyMarkham8
      @PercyMarkham8 3 місяці тому +1

      I operate a wide- range of Investments
      with help from My Financial Adviser. My advice
      is to get a professional who will help you, plan
      and enhance your management skills. For the
      record, working with Martha Ann Hammerton,
      has been an amazing experience.

    • @HenryRichardson56
      @HenryRichardson56 3 місяці тому

      Funny enough! I started my investment
      with $7,500, a week later, we had
      grown to $38,645.
      This woman! absolute genius

  • @Jenjenn1111
    @Jenjenn1111 2 місяці тому +7

    I don’t hear Republicans or Democrats talking about this issue of corporations buying up single family homes.

    • @rubyt4762
      @rubyt4762 2 місяці тому +1

      Robert F Kennedy Jr mentioned it a lot, wish others would too

  • @fh1087
    @fh1087 3 місяці тому +27

    I stepped out of the market in 2022, and now, interest rates remain significantly higher, along with skyrocketing home prices, property taxes, and insurance costs, HOA... But what about my salary? It hasn't increased at all. The housing market is still unaffordable, it's simple. In our area, house prices have more than doubled! So how am I supposed to re-enter the market and buy now? For it to be affordable for me, both prices and interest rates would need to drop below 2022 levels. People who already own homes can refinance, but that doesn’t help new buyers like me get in.

    • @tmclean9
      @tmclean9 3 місяці тому

      If Nick is correct on his housing crash thesis, you will have an opportunity to buy at much lower prices in the next 12 to 24 months. I believe prices will decrease in certain submarkets by 10 to 20%, but I don't believe Nick's nationwide thesis is correct

    • @CroisMoi
      @CroisMoi 3 місяці тому +4

      Don't feel like you are missing out. Find Nick's video on buying a house vs. renting. There is NO benefit to buying. Other than your life is more stable. No financial advantage. Especially the way we are taxed on real estate.

    • @fh1087
      @fh1087 3 місяці тому +1

      @@CroisMoi My situation is clear; even if I wanted to, I can't buy a house.

    • @fjb7380
      @fjb7380 3 місяці тому

      Same

    • @walkingstick6655
      @walkingstick6655 3 місяці тому +3

      Florida, once the land of cheap living, is kaput. Unless you buy a trailer, don't carry any insurance, and pray to your god(s) that no hurricanes send your home airborne.

  • @willdehne1
    @willdehne1 3 місяці тому +5

    Florida home prices are volatile. We are familiar with a town 45 minutes N of Wesley Chapel. Our first exposure to this area was 2005. A nice home was $350 k to $400 K. We rented for (4) months for about (5) years. The home prices dropped to $150 k in 2011 and we bought. The previous owner build that home for $200 k to $250 k. Zillow lists that (our) home now for $350 k. Those are big changes and current prices seem high to me.

  • @vegasprogambler5336
    @vegasprogambler5336 3 місяці тому +7

    you are the FIRST person to actually post REAL losses by owners. WELL DONE.

  • @dbrew2u
    @dbrew2u 3 місяці тому +5

    The problem for Investors in Florida is owning a Home there has gotten extremely expensive , especially Insurance . And more troubling for Investors is that you can only squeeze people for so much money for Rent till no one can afford it .

  • @jordanhildebrandt3705
    @jordanhildebrandt3705 3 місяці тому +46

    That townhome rental neighborhood looks wild. No people. Just... nobody.

    • @missbell1634
      @missbell1634 3 місяці тому +3

      Ghost town

    • @Poteluz
      @Poteluz 3 місяці тому +1

      Nope, they're just not up for rental. People are moving into the Tampa Bay area at an insane pace. You can't believe everything you see. If the next president fixes the rates the buying boom will start again and prices will increase again.

    • @joe3276865536
      @joe3276865536 3 місяці тому +6

      @@Poteluz Presidents do not fix rates.

    • @brianleblanc2758
      @brianleblanc2758 3 місяці тому +3

      @@Poteluz lol potus doesnt fix rates. rates should be where they are at. lower rates means more corporations will buy more housing

    • @Lexxie45
      @Lexxie45 3 місяці тому

      If that place was almost anywhere else in this country, it would fill up with illegals in no time. On your tax money.

  • @bigb6046
    @bigb6046 3 місяці тому +23

    You know if the property market collapses like in 2008 the Blacktones and Blackrocks of the world will go running to the Federal Government and asking for a bailout because they are "too big to fail" , I hope they don't get bailed out because this is what enables them to do this. No one is too big to fail while the rest of us are too small to save!

    • @tinasmith8241
      @tinasmith8241 3 місяці тому +1

      They are owned by the government, and will buy up all the foreclosures like they did in 2008, especially in Vegas (40,000 foreclosures never hit the market as the banks sold to these investors).

  • @chrishardin7183
    @chrishardin7183 3 місяці тому +13

    Maybe Blackstone is purposely tanking that neighborhood so that it can swoop in and buy cheap later...

    • @marksgoogle4360
      @marksgoogle4360 3 місяці тому

      taking a loss now to do that? Its all going down

    • @08turboSS
      @08turboSS 3 місяці тому +4

      Exactly correct. Turning it all into rentals. You all in FL need to get your govenator off ass and make it illegal for big firms to buy

  • @billc6762
    @billc6762 3 місяці тому +6

    San Francisco commercial RE price went down 80%. If Blackstone doesn't slash price by 50%, it is not a good deal.

  • @joemama-tn7zl
    @joemama-tn7zl 3 місяці тому +15

    I was in that area in 2022 people were standing in line at the sales office . I kept telling myself I saw the same thing in Las Vegas 2004 and how did that turn out. So Im still renting and waiting in the high weeds to pounce on the up coming deals.

  • @yagojose6505
    @yagojose6505 3 місяці тому +21

    Excellent video with enough proof 👏👏👏, Florida is a huge proof of how the USA market is going. My wife and I make over 100k and we bought a home in Utah for 430k paying 3100 per month it’s super not affordable

    • @paalyasharahla7574
      @paalyasharahla7574 3 місяці тому +2

      You bought it whole or did you buy it using a down-payment? How much did you put down on the house?

  • @HighDefinitionVideo
    @HighDefinitionVideo 3 місяці тому +6

    The funds were buying bigly since 2012. They aren’t losing anything. They had a massive insider deal with the banks buying in bulk at discount.

    • @orlandollajas2906
      @orlandollajas2906 3 місяці тому +3

      They were getting 1% rate when everyone else was getting 2.5-3 . 😊

    • @user-stAy_outta_mybiz
      @user-stAy_outta_mybiz 2 місяці тому +1

      as usual and bigger bail out

    • @HighDefinitionVideo
      @HighDefinitionVideo 2 місяці тому

      @@orlandollajas2906 close to zero with and Pennie’s on the dollar of replacement value. I remember very well seeing an ocean of foreclosure signs disease OVERNIGHT. Absolutely amazing orchestration exposing what can only be described as monopoly power

  • @alexsteven.m6414
    @alexsteven.m6414 2 місяці тому +139

    After selling a couple homes in 2022, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

    • @Tanner-c2m
      @Tanner-c2m 2 місяці тому +6

      The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.

    • @belobelonce35
      @belobelonce35 2 місяці тому +4

      I concur; I've been in frequent communication with an investing advisor for more than 17 months. I definitely remember needing inspiration to keep my business running after a protracted divorce. I researched licensing consultants, sometimes known as portfolio coaches by some.

    • @samuelrandy-k8x
      @samuelrandy-k8x 2 місяці тому +3

      I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?

    • @belobelonce35
      @belobelonce35 2 місяці тому +3

      "Rebecca Nassar Dunne" is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @brantheeskimo
      @brantheeskimo 2 місяці тому +2

      She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

  • @watch9604
    @watch9604 3 місяці тому +8

    Imagine going to check the mail and he’s out there frying you for losing thousands on your house 😂😂😂😂

    • @benedwards3427
      @benedwards3427 2 місяці тому

      I'm glad I was in an extremely undervalued market. The families and individuals in my area can actually blame only themselves.

  • @murraymacneill2545
    @murraymacneill2545 3 місяці тому +4

    Is Blackstone posting a fire in price. sale on one home just to force other homes to drop dramatically in price. Could it be that they are posting one home for sale through one of their holdings and picking up the others by way of another holding? Could they be diminishing the market for their own purpose?

  • @Kjhgr01
    @Kjhgr01 3 місяці тому +10

    It's all part of the plan!

  • @Donalddavies-gc9rb
    @Donalddavies-gc9rb 3 місяці тому +162

    I’m a new dad, I moved from Tampa to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.

    • @karenwilliams9653
      @karenwilliams9653 3 місяці тому +3

      it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

    • @TonyRiley-qb7sw
      @TonyRiley-qb7sw 3 місяці тому +2

      well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs.

    • @AnnaWoods-rm7cf
      @AnnaWoods-rm7cf 3 місяці тому +3

      Certain ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year.

    • @Donalddavies-gc9rb
      @Donalddavies-gc9rb 3 місяці тому

      I'm an art collector, this is not very new to me but has a nuance to it. Can you assist me? how do I find a fduciary

    • @AnnaWoods-rm7cf
      @AnnaWoods-rm7cf 3 місяці тому +6

      Monica Mary Strigle, you'll be in luck at this time of year to have a conversation. lady is hot topic in downtown manhattan and you must not be and accredited investor. Just browse.

  • @Abinetdarge
    @Abinetdarge 2 місяці тому +32

    I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,,

    • @najaatudauda5804
      @najaatudauda5804 2 місяці тому

      Investing $15,000 and received $174,000

    • @eggressdh
      @eggressdh 2 місяці тому

      Same, I met Mrs Maria Daviz last
      year for the first time at a conference in
      Manchester, after then my family
      changed for good. God bless Mrs Maria

    • @Bereerj
      @Bereerj 2 місяці тому

      Please who is Mrs Maria

    • @Bereerj
      @Bereerj 2 місяці тому

      Please who is this This sounds so good andI would like to
      be a party to this, is there any wayl can
      speak with her?

    • @alinesantana-s3m
      @alinesantana-s3m 2 місяці тому

      So you guys know her too?...
      Wow she made my husband and I have our own house and car.
      She is good! 👌

  • @eemapalmer530
    @eemapalmer530 3 місяці тому +5

    Thank you for great reporting. Attom Data reports over 170 thousand pending foreclosures in the US. I wonder what will happen to these properties.

  • @petegurdal1844
    @petegurdal1844 3 місяці тому +4

    A very big problem for builders. I love it!

  • @kmac2789
    @kmac2789 3 місяці тому +5

    Imagine paying 400k for a home and having a Karen from the HOA telling you how to enjoy it.

  • @hollymolly28
    @hollymolly28 2 місяці тому +912

    I’m 53 and have about $225k liquid in savings which I plan to put towards becoming a homeowner, but based on the current high prices on real estate, do you suggest I hold from buying and look at dividend paying stocks instead?

    • @KaitlynDeve
      @KaitlynDeve 2 місяці тому +1

      after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial advisor can certainly help

    • @J.woltz48
      @J.woltz48 2 місяці тому +1

      @arlenehill4ril I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now.. mind if I look up the professional guiding you please?

    • @J.woltz48
      @J.woltz48 2 місяці тому +1

      @arlenehill4ril thanks for sharing! just inputted her full name on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

    • @justintaylor5915
      @justintaylor5915 2 місяці тому

      If you're purchasing a home to rent and create passive income, purchasing real estate may be a good investment. However, I agree with the others, seek out a financial advisor and diversify your savings between dividend earning stocks, gold, real estate, bonds, etc.

  • @Russ15076
    @Russ15076 3 місяці тому +9

    I just saw that exact house for sale on Zillow yesterday. I cannot believe he chose that house to use as an example today. in my opinion, Its worth 275K

  • @sarahross
    @sarahross 3 місяці тому +24

    This is quality content. I wish the members only videos were like these too but they're more like ads for Reventure app.

  • @Joeainthere73
    @Joeainthere73 3 місяці тому +3

    If I ran Blackstone I would sell a bunch of houses for a huge loss leading into rate cut time. Then I would create an artificial bottom and moms and pops would then sell low due to the comps having the Blackstone dumping mixed in. Then I'd buy up everything again at the bottom and end up holding even more SFHs. The $80k loss on a dozen homes is negating huge rent income.

  • @MikelAntonio-n6y
    @MikelAntonio-n6y 2 місяці тому +101

    Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.

    • @MeganGood-n4f
      @MeganGood-n4f 2 місяці тому

      I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience. Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.

    • @MikelAntonio-n6y
      @MikelAntonio-n6y 2 місяці тому

      Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

    • @MeganGood-n4f
      @MeganGood-n4f 2 місяці тому

      Gabriel Alberto William is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @MikelAntonio-n6y
      @MikelAntonio-n6y 2 місяці тому

      He appears to be well-educated and well-read. I ran an online search on his name and came across his website; thank you for sharing

  • @billrichards8931
    @billrichards8931 3 місяці тому +1

    I love your videos. I’ve observed from many years of experience that no matter how week the housing market is there is always a certain percentage of distress sales. That is, people who have to sell for some reason - death, divorce, bankruptcy, etc. In a week market, that percentage of distress sales has a disproportionate impact on home values.

  • @wallye8713
    @wallye8713 3 місяці тому +8

    There going to dump homes that are not making money and have high maintenance costs. Expect McMansions to be sold first. The good 3/1 starter homes they will hold on to that have good ROI as rentals.

  • @tl8087
    @tl8087 3 місяці тому +13

    Have you ever encountered any dirty looks while walking and pointing at the neighborhood while saying their houses' value are going to drop?

    • @missbell1634
      @missbell1634 3 місяці тому +2

      I was wondering the same thing

    • @Cedartreetechnologies
      @Cedartreetechnologies 3 місяці тому

      Might be more than looks, if not careful.

    • @dr-ng8te
      @dr-ng8te 3 місяці тому +1

      Aww most Floridians are vaping and high believing,they are immune to reality...not knowing that contractor will squeeze out a profit as they build 900;1000, sg ft. For 120000 ?or less ...lumber is falling ...we ain't seen nothing yet , good video 👍

  • @ibdam1
    @ibdam1 3 місяці тому +7

    The sad part of the business Blackstone is doing, it’s our money. Blackstone invest funds from public, private and institutional investors. Blackstone doesn’t use their own funds. The loss on those homes means market loss for the rest of us.

  • @kennethmargulies8663
    @kennethmargulies8663 3 місяці тому +1

    Have you looked in the nocatee or Ponte Vedra area? That has been traditionally strong. Thanks.

  • @petewilcox3354
    @petewilcox3354 3 місяці тому +19

    after the housing crisis years ago, why the hell are we still allowing greedy investment firms to play with the housing market? wont even go into how unfair if it is for a family trying to buy ONE home, to ya know, actually reside in.

    • @The_Forever_Soldier
      @The_Forever_Soldier 3 місяці тому

      Well said. These investment firms are doing it because the US housing market is the largest asset class in the United States, and these firms have already plundered the rest of the different markets. They are just sucking the lifeblood out of all of America now by doing this, like a Salem's Lot movie.

    • @user-pl3lo8cc8y
      @user-pl3lo8cc8y 3 місяці тому +2

      such a great question- and the politicians never talk about it

    • @jimkelly4214
      @jimkelly4214 3 місяці тому

      ​@@user-pl3lo8cc8yBecause they are taking kick backs from the investment firms. Don't you just love how our elected representatives look out for us.

    • @pmscalisi
      @pmscalisi 2 місяці тому

      @@user-pl3lo8cc8ybecause they’re in on it!

  • @fjorinarazani1170
    @fjorinarazani1170 3 місяці тому +2

    What the video doesn’t disclose is that the second ghost neighborhood is empty because they’re not finished building yet. I live around the corner and those townhomes get filled as soon as they’re ready. I do think his first point is valid and the market overall is somewhat overpriced.

  • @Ezq95
    @Ezq95 3 місяці тому +7

    I bought my 1954 home 3 bedroom 1 bathroom 1200sqf for $59,500. 4 miles west of downtown Tampa. Kennedy Blvd and Dale Mabry hwy. Now the empty lots are selling for way over 500k. I don't understand. My neighborhood is being replaced with new houses and I am feeling the pressure from contractors wanting to get rid off us to build a new house here. Why would I want to move when our taxes are $875. a year. Our home insurance have gone up to $3000.a year. Old house prices over $5000,000. It's crazy. Over price every where in South Tampa

  • @tongtongwang
    @tongtongwang 3 місяці тому +1

    is it just the hurricane impacted area which need very very high insurance ?

  • @mattanderson6672
    @mattanderson6672 2 місяці тому

    Good show!!
    Fantastic analysis
    Loved listening to this discussion!
    Thank you Sir

  • @paulkish007
    @paulkish007 3 місяці тому +3

    Blackstone inflated housing costs (property taxes higher) and are now deflating housing costs?

  • @kennethmargulies8663
    @kennethmargulies8663 3 місяці тому

    Very cool trends, especially since I may move to Florida in a few years. Your text regarding a ‘change in values’ that pops up during the video has a typo that misspells change. So, over all you get a 9/10. 😊

  • @twhelostl61
    @twhelostl61 3 місяці тому +3

    I hate to tell you. No one is coming to the rescue this time. A home is worth what someone can borrow to buy it. Everyone has too much debt as it is.

  • @meglukes
    @meglukes 3 місяці тому +2

    Holy crap, I’m looking to move to wesley chapel in about a month, renting a single family house. I thought rent prices were starting to go down, looks like it wasn’t just in my head

  • @sultanmia3027
    @sultanmia3027 2 місяці тому +62

    Avec le trading, les compétences en analyse technique ne suffisent pas à elles seules ; la discipline et la maturité émotionnelle sont également cruciales pour réussir. Le dicton « le temps passé sur le marché contre le timing du marché » est un bon état d'esprit à avoir pendant les fluctuations du marché. Grâce aux idées de Martin Davis, aux signaux de trading quotidiens et à mon dévouement à l'apprentissage, j'ai augmenté mes revenus quotidiens. Continue comme ça !

    • @dylanfoster-ol7zj
      @dylanfoster-ol7zj 2 місяці тому

      C'est intéressant. J'ai beaucoup entendu parler de la même personne il n'y a pas longtemps, s'il vous plaît, comment puis-je le contacter ?

    • @sultanmia3027
      @sultanmia3027 2 місяці тому

      Il est sur Telegram;[[

    • @sultanmia3027
      @sultanmia3027 2 місяці тому

      @MartinDtrader✊

    • @dylanfoster-ol7zj
      @dylanfoster-ol7zj 2 місяці тому

      Merci pour l'info... Je le contacterai dès que possible. Je veux aussi acquérir de bonnes connaissances et arrêter de perdre.

    • @kamalpasha6111
      @kamalpasha6111 2 місяці тому

      Wow. Je suis un peu perplexe de le voir mentionné ici aussi. Je ne savais pas qu'il avait été bon pour tant de personnes aussi, c'est merveilleux, j'en suis à ma cinquième transaction avec lui et c'était super.

  • @mistaprice
    @mistaprice 2 місяці тому

    How do we put this information to use and profit on this sell off? For example shorting blackstone and other like them?

  • @carnivalgods4573
    @carnivalgods4573 3 місяці тому +4

    Excellent research in that neighborhood.

  • @AcmePotatoPackingPocatello
    @AcmePotatoPackingPocatello 3 місяці тому +1

    I built my house as the USA went into a double dip, 1981 thru 84 downturn. Houses, on land, prices plunged 60% . Ya.
    2008 was a another washout...
    Good luck...because investment funds have really screwed up the market, and additionally COVID19.....very overvalued.

  • @gregorylyon1004
    @gregorylyon1004 3 місяці тому +6

    Blackstone is willing to sell that house at a $75 thousand dollar loss because they purchased the house with pension fund investment money. LOL. So it was not their capital in the first place. It was pension fund money for people's retirements. LOL

  • @philipkingrey535
    @philipkingrey535 3 місяці тому +2

    Good info as usual Nick!

  • @RaymondKeen.
    @RaymondKeen. 3 місяці тому +6

    Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

    • @SandraDave.
      @SandraDave. 3 місяці тому +4

      If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

    • @ClarkeGriffiny7
      @ClarkeGriffiny7 3 місяці тому +1

      Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

    • @BellamyGriffin19
      @BellamyGriffin19 3 місяці тому

      I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

    • @ClarkeGriffiny7
      @ClarkeGriffiny7 3 місяці тому +1

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

    • @ChristianKelv
      @ChristianKelv 3 місяці тому +1

      I am on her website doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing

  • @merendell
    @merendell 3 місяці тому +1

    Good. I was just about in a position to get my own place a couple years ago when covid sent everything topsy turvy. Prices went nuts and I decided I wasn't going to pay that price. I've been stacking cash ever since waiting for the inevitable crash. I saw what was going on. Prices were going up cause of all the big companies buying up inventory on speculation. I knew they couldn't keep that going forever.

  • @Raymondcraw1967RaymondCrawley
    @Raymondcraw1967RaymondCrawley 2 місяці тому +840

    I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

    • @FaithAndrada-xo9ou
      @FaithAndrada-xo9ou 2 місяці тому +2

      "Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

    • @jameswood9772
      @jameswood9772 2 місяці тому +1

      Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

    • @chris-pj7rk
      @chris-pj7rk 2 місяці тому +2

      this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @jameswood9772
      @jameswood9772 2 місяці тому +4

      Her name is 'Amy Desiree Irish’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @chris-pj7rk
      @chris-pj7rk 2 місяці тому +1

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @vincentwilliam8121
    @vincentwilliam8121 3 місяці тому

    What about the milk cartons in South Florida thy're selling for 7/800k?

  • @OscarOwenn
    @OscarOwenn 2 місяці тому +15

    This year is even worse than the last. Last year, I lost a lot of money on bad investments that I never would have made if I hadn't been so worried about my portfolio. I didn't know if I should continue to invest or pay my mortgage off. After selling my investments, I discovered that the house needed more work than I thought it would. I don't know how long I can keep doing this.

    • @AlexClarkcompany
      @AlexClarkcompany 2 місяці тому

      We have all made mistakes, therefore keep it simple.

    • @LouisMorganxb3
      @LouisMorganxb3 2 місяці тому +1

      Invest in businesses that have predictable cash flows to diversify your holdings. In the ten months after I hired a planner to assist me build my portfolio at the end of 2023, I have made money in over 500 different markets. If 2023 teaches us anything, it's that good luck never lasts. We should work harder to be ready for the worst case scenario even in good times

    • @BaileyJames-zv2ddd
      @BaileyJames-zv2ddd 2 місяці тому

      so where can someone locate a reliable financial planner? It won't be a problem for me to find the professional who helped you. I'll be retiring in two years, and I might require assistance with handling my far more valuable assets. I'm not willing to take any risk

    • @LouisMorganxb3
      @LouisMorganxb3 2 місяці тому +1

      June Renae Matthysse

    • @LouisMorganxb3
      @LouisMorganxb3 2 місяці тому +1

      You are likely to find more information if you look her up online.

  • @elvirastewart4183
    @elvirastewart4183 2 місяці тому

    Thanks for the updates Nick.Watching this video while I'm still on my break,later go back to my tutoring sessions.

  • @kiyoshitakeda452
    @kiyoshitakeda452 3 місяці тому +4

    It's called the "free market". Now the reality. Let it come and more to it.

    • @tonyburzio4107
      @tonyburzio4107 3 місяці тому

      Free? Hardly, the Congress really blew this one. They didn't understand 2008 so it happened again. Never was the banks, it was the big retirement companies.

  • @timothylarson4587
    @timothylarson4587 2 місяці тому +1

    Im in St Petersburg, fl. There is a lot of stubborn owners still asking $2.00 sq ft to $2,50 a sq ft. putting rents around $2000 to$3000. Even in undesirable area. A house like that townhouse, $2.50 ft. around $3000 to $3500 a month for those townhouse probably. But it's easy to find $2.50 a sq ft here. The prices pre pandemic,, around $1.00 to $1.60 sq ft. Prices still have a long way to go.

  • @alexzivkovic6175
    @alexzivkovic6175 3 місяці тому +3

    Those track builders destroyed a market in America.

  • @23drcharles
    @23drcharles 3 місяці тому +1

    Excellent analysis. The sad reality is that these homes will be held for the next 10 years. The new home sales will eclipse the resale market.

  • @BulentKizilaslan
    @BulentKizilaslan 3 місяці тому +27

    Financial education is what we need right now for more than 70% of the society in the country as very few are literate on the subject. Thanks to Stacey Macken, the woman that changed my financial life.

    • @RhonddaTkp
      @RhonddaTkp 3 місяці тому

      Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well .

    • @domenez
      @domenez 3 місяці тому

      That woman has changed my life for good. I attended her investment class couple of weeks and she's the best when it comes for guidance

    • @WelseyWalker
      @WelseyWalker 3 місяці тому

      She understands every beginner's intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot

    • @adamalker71
      @adamalker71 3 місяці тому

      I agree with you.I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

    • @aniniels-hw5iv
      @aniniels-hw5iv 3 місяці тому

      Stacey Macken guided me through budgeting, highlighting areas where I could optimize spending and increase savings. She also provided insights into smart investments to grow my wealth over time, ensuring financial stability even with the higher income

  • @LucyMarch
    @LucyMarch 3 місяці тому

    What about East Coast? How do you find them?

  • @chriswb7
    @chriswb7 3 місяці тому +3

    The bottom is that people just don’t have the money. The Millennial generation will have the best real estate buying opportunity in 50 years.

  • @munnieswaroop
    @munnieswaroop 2 місяці тому

    Looks like you are somewhere around Wesley chapel, Tampa. Summer Stone?

  • @evaswritingvault3066
    @evaswritingvault3066 3 місяці тому +5

    I live in Wesley Chapel! Rents have been dropping. Keeping my fingers crossed 🤞🏽

  • @ladygism
    @ladygism 2 місяці тому

    How about in a luxury development in Lakewood Ranch? At Waterside Place? Do you think builders would take an offer?

  • @kathysanders3915
    @kathysanders3915 3 місяці тому +4

    Higher appraisals is a ripoff unless you are a person who is fixing houses because when your home increases it just makes everything else cost more like insurance and taxes

    • @nameblocked
      @nameblocked 3 місяці тому

      Exactly. Homeowners are so clueless, celebrating the rapid rise in prices. It's no benefit unless they're selling. They should be advocating to keep prices lower and stable.

  • @Miami543210
    @Miami543210 2 місяці тому +1

    Wow. Look at all the lack of beautiful tall trees. No attractive palm trees. Literally no vegetation. This must be an HOA.

  • @_morgoth_
    @_morgoth_ 3 місяці тому +5

    Blackstone can just slowly sell a certain percentage of their inventory and continue to force prices down, then when prices have crashed low enough, buy up all the houses on the market again and push prices back up and own even more than before.

  • @modokmike3601
    @modokmike3601 2 місяці тому

    This video is going to age sooooo well. You nailed it.

  • @588holly
    @588holly 3 місяці тому +3

    I have zero sympathy for wallstreet real estate price gougers. Make that loss bigger.

  • @Michaelparker12
    @Michaelparker12 3 місяці тому +4

    It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

    • @Agatha.wayne0
      @Agatha.wayne0 3 місяці тому +4

      If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

    • @Kin-28-8
      @Kin-28-8 3 місяці тому +4

      The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.

    • @berniceburgos-
      @berniceburgos- 3 місяці тому +3

      I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

    • @Kin-28-8
      @Kin-28-8 3 місяці тому +3

      'Jessica Lee Horst' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @Lewistonwilliams-f5i
      @Lewistonwilliams-f5i 3 місяці тому +2

      Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

  • @jimwolfe4286
    @jimwolfe4286 3 місяці тому

    Nick , Thank you very much, Great Real Time Intel !..

  • @jonathanxxxx876
    @jonathanxxxx876 2 місяці тому +439

    Just sold a property in Texas and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

    • @AliceHh_
      @AliceHh_ 2 місяці тому +1

      Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

    • @Blitcliffe
      @Blitcliffe 2 місяці тому +2

      true, despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately 950k that same year. In reality, all I was doing was getting professional advice.

    • @wellsHannahh
      @wellsHannahh 2 місяці тому

      That's a great tip. I'm setting out 50k to invest in the market this year. Any particularly useful tips you could offer to me?

    • @Blitcliffe
      @Blitcliffe 2 місяці тому +2

      I have worked with a few financial advisors before now but i ultimately settled for Sonia Nunes Demelo. She is SEC regulated and licensed in US. You can easily look her up

    • @c.o.l.ek500
      @c.o.l.ek500 2 місяці тому +1

      I just googled Sonia Nunes Demelo now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.