What we're seeing in Florida right now is wild. Make sure to track the inventory levels in your city/ZIP code on Reventure App: www.reventure.app I'm curious: how does inventory in your area compare to long-term norms? Search it for free and let me know in the comments below.
I lived in Florida for over 20 years Shore Acres is a known flooding neighborhood. But people choose to live there anyway. There is nothing to do with GloBULL warming.🤷♂️
I think the Posters Personal Assistant Coach Hilder trades for everyone I meet. I met her twice at a meeting in Connecticut and after her lectures from her. I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Coach Hilder is with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
A house isn't the best investment, considering the state of the economy right now. After selling my Boca Grande house, I want to put $200K into stocks because they can still increase in value during difficult times. Do you have any great ideas for stocks?
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
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.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
Given the current market situation and the precarious state of the economy, I would recommend refraining from investing in stocks for a while or, alternatively, seeking guidance from a financial advisor. However, keeping a portion of your wealth in gold remains a wise choice.
I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
How can you say you own a home if every year you have to pay $20-30k for taxes and insurance or you lose it. You don't own a home, you rent it from the county.
They need to absolutely abolish property tax. It's sickening I live in Texas we have no state income tax but yet they sure make up for it in our property taxes.
@@jonathanmcguire1115I’m in Texas too and between summer utility bills and property taxes, I pay more than $1200 per month to live in my paid-off house. There is no way in hell I’ll retire here.
@@DMS20231 I know right. My mother who has gotten up at 3:30 a.m. till she was 65 to go to work for Frito-Lay now retired and a widow, my dad passed away in 16. Property taxes are going up and her social security is going down what the hell is wrong with America. GREED. So sick and tired of this world smoke and mirrors.
Yes, but car insurance is through the roof as well as regular homeowners no matter where you live. If one side of the state is getting battered with storms, everybody pays. Its the one bad kid in the classroom theory.
The reality is most houses don't ever flood in Florida, even in a Flood zone. It's virtually impossible to flood a house that's sitting 8 feet higher than the street level
After selling some properties in 2025, I'm looking forward to a possible housing crisis so that I can make affordable purchases. As a backup plan, I'm also considering investing in stocks, so I'm wondering when would be the best time to make these investments. I've made significant trading profits, but I'm concerned about market instability and the possibility of a dead cat bounce. Can you explain why this phenomenon occurs in the market?
You just lack the skills necessary to turn a profit in a competitive market; you're not making mistakes. Only seasoned investors who survived the 2008 financial crisis can reasonably expect to make sizable gains in these difficult times.
Recently, I've considered asking specialists for their opinion. I think I might need some advice right now, but I'm not sure if I would really profit from their services.
Annette Christine Conte 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
Thank you for sharing, I must say, She appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
I'm sorry bro, but rising sea levels ??? Shore Acres floods during ANY rain storm and it's been that way for decades!!! This is one of the lowest elevation areas in western Florida. Shore Acres is notorious for flooding.
In fact its known as Flood Acres. Most people who live there don't have flood insurance because they can't afford it. But its been always like that. That's the reason I didn't buy a home even before COVID in 2014. When they say insurance was $4000 just a few miles away from there I paid 1100 a year.
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?
"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 taskRead more
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Shore Acres has always flooded. I've lived in Clearwater, FL all of my life, 66 years. Shore Acres was flooding back in the 60's and 70's. It has always flooded. I never could understand why people wanted to live there. Didn't they do their research? I live in Clearwater. It's 57 feet above sea level.
@@AmericanConstellation Exactly. Nothing was researched. This is the equivalent of buying a 200,000.00 used car with no test drive then complaining when it breaks down. Any person who can afford these houses has a smart phone and 5 minutes to spare for a little research.
I'm sure no one here misses you ..I don't know anyone that is leaving , of would ever think of leaving.. I am sure some people just can afford living here, It's much cheaper in New York and NJ now.. since no one wants to live there.
I just canceled my ins. They wanted a new roof ,trees trimmed or taken out. Then still pay $7200. With no promise they won’t cancel next year. I took the $30000 plus and made a hurrican fund ,Self insuranced
I build homes. 30k is enough to do a lot. They are just boxes with wires and pipes. People are trying to value them like they're rare art made of gold. Good for you getting out of a scam.
I lived in shore acres 30yrs ago. My elderly neighbor had lived there since the 70's. He said it was dry and beautiful until they built up and seawalled the shoreline, creating a bowl effect. My home flooded in storm of 96.
It isn’t due to the sea wall, it is due to the ignorance of upgrading infrastructure as the population increased. Most of the drainage issues stem from old/small pipes that the country openly admitted it when Irma rolled through. The blame lies with the greed of the permitting process for new tax revenue and ignoring warning signs.
I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
You work 40 years to have $1 million in your retirement, while some people are just investing $10,000 in a meme coin for just a few months and are now multi-millionaires. I pray that anyone who reads this will be successful in life.
When someone is direct and good at what they do best. People will always speak for themselves. For me I can say: try Mrs Sara Ramirez from Financial Education and you will be glad you did
What differentiate the poor from the rich is what they both do with information.The poor also have access to information the rich gets but chose to ignore it
I'm a bit perplexed seeing her been mentioned here also, Didn't know she has been good to so many people this is wonderful, I'm in my fifth trade with her and it has been super.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
You have to pay insurance and registration for your car, so you believe that people don't own their cars either. Since you pee after you drink beer that is just rented too, I guess. Your thought process is convoluted.
@@Omar_Zazzle If you dont pay your taxes on your car you can still own it, if you stop paying taxes on your house they will take it from you. There's a difference.
Regarding property taxes...I'll repeat again what I've said many times for +30 years... When the value of a house substantially increases on "paper" substantially in a short period of time; thus increasing the assessed value from the County (or taxing authority); what exactly is the "newly found" tax income being used for? What caused the need for the locality to increase its budget? In this case; when housing prices have skyrocketed the past 4 years, is the local government giving out big pay raises to those on the local government payroll? Are they throwing money into unnecessary new local projects (which in itself will require more upkeep budget or additional employees to manage)? What exactly is the new tax revenue based only on a an inflated housing market being used for? And, how was the local public services and schools able to sufficiently operate prior to reassessing home values based upon valuation that can be likened to a Beanie Baby craze (or any unjustified collectable craze)? Things are backwards; local governments are using the arbitrary increase in property taxes as a windfall; when what they should be doing is reducing the mil rate and continue with public services as in the past. Obviously, inflation affects everything, and the locality may need to increase its budget. BUT, like a household, when costs continue to rise, cuts and sacrifices are made....but with government, they rarely cut, and just pile on the taxes. For all the faults California has; at least they severely limited how personal property is taxed.
Look for their required public financial statements Annual Comprehensive Financial Reports. They can be found online. One of the larger items on them is Interest Income on all the tax money that they don't spend that goes into various "Investment Accounts". The Florida State Board of Administration (SBA) manages State Pension Accounts. (SBA) is primarily an asset management organization responsible for investing state and local government assets. Established by the state's constitution, its mission is to provide superior investment and trust services while adhering to the highest ethical, fiduciary, and professional standards. As of June 30, 2022, the board had $228.0 billion under management; the largest fund under supervision is the Florida Retirement System (FRS) Pension Plan Fund ($180.0 million). Other major funds include the FRS Investment Plan Fund ($12.8 million), the Florida Hurricane Catastrophe Fund ($12.4 million), and the Local Government Surplus Funds (Florida PRIME) Trust Fund ($17.7 million).
California taxpayers figured this scam out 40 years ago - passed a law (Prop 13) that property rates could only increase 2% a year unless it sold (then taxes would be based on the new sales price). Allowed people to live in their home with relatively stable taxes for many years, a boon for retirees on fixed income. And recently they passed another law that if you sold your home and bought another in California, you'd transfer over your previous tax basis to the new home. It saved us a huge amount of taxes over the years.
Republican ruled house in goverment for years, have done ZERO to help is negligent. As now the home insurance debacle is sweeping through out FL.....FAIL!
You probably aren’t old enough to remember the 08 collapse. I used to walk my dog around the neighborhood and count the foreclosure notices posted on the doors. At least these people can still attempt to sell.
We are in Kissimmee and the wife has her 2nd in person interview in Kentucky at the end of the month. We had to drop our insurance and go to Citizens of Florida because they wanted 13,500 per year for home insurance when in 2012 it was 2k!! Car insurance is now costing me 924 a month!!! I am getting quotes from Progressive for less than 200 up there. We are looking at a home up there the same weekend and it's almost double the size as what we have now for within 100k of what our home is worth here and so I called the insurance up there and they quoted me of 4,800 a year on that home that is 6,100 sq ft!!!! We are born and raised Floridians but this place is awful anymore, we want more money in our pocket and are done with this awful mess here. My wife is getting offers of 200k sign on bonus and full moving expenses paid with her salary that is 60% MORE up in Kentucky than it is in Orlando. I bet at this time next year we will be out of Florida for good if not much sooner. Come to Kissimmee and look at all of the homes for sale, every 5th home it seems like is up for sale around here.
Hi Acc0rd! WOW that's crazy!!! What is your wife's specialty for such high wages?!?! I'm in the wrong business!!! The new home sounds amazing too!!! Makes me want to leave Florida too!! Good luck to you! 007
Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
St pete native here, that neighborhood is just behind on the codes and requirements for living on the water in 2024. Notice how only 1 out of every 10 houses there are on stilts or have a raised bottom level. The neighborhood floods in a bad rain let alone 5 feet of storm surge.
Florida, is a state in which much of the land was once underwater and the ground is composed of limestone. Limestone is very vulnerable to erosion and therefore collapse, and all over Florida homes are collapsing and or damaged from subsidence of the land.
OMG: As an engineer I can tell you - you are 100% WRONG. portions of central Florida are composed of Limestone. Homes ARE NOT collapsing. Last year 4 homes had sink hole damage, all in central Florida In Sumter, Marion and Lee co.. Florida is actually composed of sand. and BTW: the entire east coast was underwater 6 million years ago, not just Florida.
In 96 my mother worked for $11 an hour 50 hours a week and was able to get a 48k mortgage on a 1600sqf home from saving $200 a month for 2 years. Now I make $21 an hour 55 hour work weeks and... I live paycheck to paycheck in Lowe income government assistant housing because renting anything else would eat 2/3 my paycheck. I'll never afford to buy a house
It's horrible! They have destroyed our country. Mostly everyone is giving up now. They know they will never have enough money to own their own home. It feels like an exercise in futility. 007
I was thinking the same thing. I was surprised to see that he has fed into the "climate change" narrative. Actually, there is a lot of scientists who have signed a statement stating that it is in fact not true. Yet, people still believe it.
At best??? (I often wonder if these young people actually BELIEVE all the b.s. they were programmed with... since it would take a MASSIVE amount of "cognitive dissonance" to NOT SEE what's really going ON with all this "command- controlled mis- governance, to money, legalese and markets..." the 'faux' weather and Medea and academia, etc. Especially since 2020, plus!!!)
Finally - someone gets it. Its all about affordability - NOT the interest rates! If you move to an area that is less expensive than the one you're moving from then respect the local economy and adjust to that local economy. Stop over paying and inflating prices that destroy the local economy by making it impossible for natives of that state to ever buy a home. The vast majority of homes in Nashville are NOT being bought by native Tennesseans - what does that tell you?
@@barryben-horowitz5023 Mostly Corporations buying up homes, leaving them empty, creating a demand, then either rent high or sell high. That's what these Evil Corporations are doing in NYC, buying up everything, leaving some empty and then creating a demand. We need laws where homes can I only be bought by People who plan to live them and if you're a Corporation, you can only own x amount of homes and not from different corporations that lead to the same Corporations. Americans are retiring outside of America because of this evil bullshit greed of Corporate America and our Governments are 100% Complicit to this America Atrocity and possible downfall. Once these corporations suck us dry, they will move on elsewhere.
@@drewdrewson1384 Fat chance. I'm a native Tennessean - rethink your politics. You have NO clue as to the reality. Its builder and buyer greed. These are not existing homes but granted owner greed is as much at fault. but NONE of this would be happening if migrants from LA, Chicago, NY would never happen.
Price cuts are clearly happening. Even I'm seeing it on zillow here in Texas. Houses are sitting on the market for a long time now & people are doing 30k price cuts. The sellers are being greedy with their listing price & regular folks are tired of it.
One big problem is that people who live in the highest risk areas want people in safer area to share their risk. High risk seafront properties don't pay enough to cover the risk, and therefore inland people have to pay more to cover that excess risk. That happens all over the country, but Florida is among the worst offender at that. In addition, the Florida government had regulations that allowed local contractors to rip off out-of-state insurance companies. Florida was also in denial about rising sea levels and other environmental problems. Many of those problems have been addressed recently, but it was probably too late. There are still a lot of chickens out there coming home to roost.
I live in the Tampa Bay area…we are not seeing massive selling of homes in our area. Insurance rates have skyrocketed due to a number of factors…Auto insurance has risen due to the huge number of collisions that occur in our country…and the enormous number of lawsuits that people are filing for every accident today regardless of how minor the loss might have actually been…causing the insurance companies to raise rates. Property insurance has gone up because the massive inflation that has occurred over the last three and a half years has caused the cost to repair or replace homes damaged to skyrocket..therefore, the insurance companies have much more exposure causing them to raise premiums.
Reminds me of that scene in “The Big Short” where frontpoint investigates Florida and its for sale signs everywhere. It’s only going to get worse over the next few months.
I love that scene in The Big Short where they are driving through the neighborhood and the agent says the sellers are motivated as neither of them are working.
You are the same guy that five years ago said we gonna have a crash and now you reporting that everything went up double at least so you’re such a hypocrite
I can’t wait for the housing market to collapse. Been watching your videos for the past few years. Patience is a virtue and I’m waiting to buy here soon. Your content is extremely helpful in my journey back to the home ownership game. ❤❤❤
Yes, and the date of the collapse keeps moving further and further into the future, while millions of people who don't watch Nick or Travis had gotten rich.. what a joke. In July 2021, Nick had said, "There's no hiding it. We're in the verge of a housing market collapse". The value of my house had gone up 51% since then. What a joke. The two of them have nothing to offer except, "House prices and carrying costs have gotten too high, so, they have to come down". Real estate doesn't work like that.
you obviously haven't been in business long enough to remember 2007-2008. Shore Acres has always been prone to flooding even in a stiff rain. Build up, and be happy
Don’t spend $300k to raise your existing house of the ground. Move to a new house, whose builder spend an extra $50k to build it raised off the ground.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, 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 Ann Marie strunk, has been an amazing experience.
I'm favoured, $90K 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,, all thanks to Ms Ann Marie strunk 😊🎉
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
Greetings from NY. We used to visit Florida often when my parents were alive. The people there were wonderful to us. We made many lifelong friends. Good luck during this crisis. Prayers outbound.
Well when you charge more than people are willing or able to pay and you're losing money the more you hold onto inventory, you eventually lose enough money that you're willing to sell at the inventory's true value.
It has a for sale sign because it went up 500% in the past five years so people want to cash out that’s the only reason it has always been a flood zone
I live in Florida. I live in a old double wide mobile home. I got turned down by every insurance company in Florida. So I have no home owners insurance. It is not good.
Almost 1,000 dollars a year in taxes for a small box with very little property. Absolutely ridiculous. The American dream is dead. Property taxes should be abolished. With them, you never truly own your own home. Just pay it off and try not paying those taxes and see what happens. This is criminal.
We have lived in Shore Acres for the past 7 years and our home did not flood during Idalia or any other storm since it was built in 1953. Shore Acres encompasses many neighborhoods within its umbrella and it is a falicy to say all the homes flood or have flooded. We are personally in Waterway Estates which sits higher then other parts of Shore Acres and to my knowledge not only did we not flood but neither did any of our neighbors. We do not have a raised house and we were fine the last few storm. I believe this is also the case with Ponderosa Shores and other neighborhoods within Shore Acres that did not experience flooding. Streets to get out can get flooded but it hasn't been a detriment to our quality of life and is to be expected in Florida in general even if not near the water. Also keep in mind not all the houses being sold are due to flooding but a multitude of reasons such as relocation, needing larger homes etc. and also some of those that did flood were not even on the water. Just do your research and don't be afraid to purchase in Shore Acres or in a flood zone if you are looking to live a waterfront Florida lifestyle. Our insurance is still reasonable and under the $4000 amount. It is a great family oriented neighborhood and many that have flooded choose to stay and rebuild as they love it here!
I drove though that area about a month ago and it was like going into another world with all the homes for sale. Some people there were told that their policy will not be renewed if they've had more than one claim unless they elevate their homes 6'.
Come down here to Rotonda West, Florida. My entire neighborhood is for sale. The flooding has nothing to do with sea level rising, because they aren’t. It’s the massive building that is going on. They build with the anticipation of a max 8 inch rainfall. When we get 10 inches plus, everything floods. My friend is in a flood x zone. He is kayaking from his house in Sarasota to a rental car so he could go to work.
I sold my house in December 2020 which was way too early. I am now renting a nice 2100 sq ft home in SWFL for $2300 a month. Their are 2 homes for sale exactly the same for sale for $350k which would cost $3100 a month because of the high property tax and insurance. The landlord had to replace the a/c unit today which only cost me a few hours of sweating. Buying a home in Florida now would be a HUGE mistake.
I pulled the plug on a Reventure subscription and holy shit did I underestimate what that access to data would do for me. I'm breaking down neighborhoods and incomes on a micro level. Definitely worth the investment while I search for a home in the insanely expensive Santa Cruz market. As for Florida... I left there for California after the cost of living doubled and my income stayed the same. The home I had should have sold for 200k with maybe 1800mo total expenses. I left and it sold over 300k and now the insurance has gone over 1000mo. All in the new owners are easily paying 4000mo for that place and expect that to go over 5k. People in Florida just don't make that kind of money. I quadrupled my income in Cali. It's expensive, but at least I can afford it now.
Insurance rates are different based on what part of the state you live in. I live in Central FL and it’s only $1K per year full coverage for a 2,500 sq ft house. It’s expensive on the coast or flood zones.
Florida Insurance prices are a problem. FEMA “pricing 2.0” has sent prices soaring to 5 figures per year in many places. Ask the seller about “grandfathering” or taking over their existing flood policy, and never let it go once you have a grandfathered policy. Find a good insurance agent, one who is committed to giving good advice and services- if the heaviest lifting your agent does is picking up your check every year, find a new agent. If your agent doesn’t give you a quote with Citizens, find another agent. It’s a great test of whether or not they’re willing to put in some work, because it’s a PIA to write, and a lot of work to service. You’ll find that it’s cheaper than nearly every private company in the state.
An old school Florida home is built on a crawl space because of the flooding and wet soil. If you have a house built on slab, it's newer and probably built in lower lying areas that are more prone to flooding. The old school homes are built on the elevated areas as well.
What you are seeing is a lot of people realizing suddenly that reality is catching up with them. The ridiculous unrealistic dream is over. On the plus side, soon everybody will have oceanfront property
Seems like there is a plan here, both TX and FL being hit with unreasonably high insurance rates. Almost like someone feels the need to punish these two states.
No house in a flood prone area is worth 400,000. I live in the Smokies and I paid 73,000 for a real log cabin. Paid it off. Of course it was in 2004, but even then the housing market was booming before the crash. So why are homes so expensive now?? Greed, maybe?
People shouldn't celebrate the value of your home going up. Unless you're selling, you have to pay for the price of everything else going up to match the property values. Stop supporting this inflation by not overpaying. 😊
Right. it is such a joke housing became a game for property values instead of a place to live. You can't even get at the equity if it is there unless you sell or pay someone interest to use your "wealth" with a loan. Even if you sell and want to buy a bigger place the bigger place went up in cost. It's all just an illusion. it's the increase in the money supply that causes this. It would be better if prices came down which would happen if the money supply stayed the same.
truth is less homes available in older establishment north east florida neighborhoods .. is this happening in overdeveloped new construction areas built on filled in wetlands w low quality construction❓
Hurricanes are not more frequent and sea level rise has remained unchanged for over 100 years. It’s not climate change……Florida has always had flooding.
Worldwide, sea levels are rising at 1 to 2 millimeters a year and weather events are not anomalous. The climate is not changing dramatically. While CO2 is rising, the ratio of CO2 from human sources versus natural CO2 is decreasing, The amount of CO2 from human sources is so smalll as to be insignificant.
FYI, you point to the zip code but Placido Bayou is not Shore Acres and hasn't flooded. Shore Acres has been flooding since it was built. While you're walking you see all the elevated homes behind you that meet current code.
@@JamesFinn-if1dl It's more than you think - just today heard that Arlington Park got hit pretty good. Many areas in Sarasota Springs, Southgate, Lakewood Ranch, etc.
Many low-lying parcels in the St. Petersburg area are on stilts. That is the only way they were allowed to build. Any area that floods consistently should not be allowed to build any designed house. Most new homes in Florida are built on a slab or on a low cinderblock foundation. But Shore Acres has been notorious for flooding for decades if not longer. It's one of the first to get hit when hurricanes come through. I don't know how people can pay the high cost of flood insurance and on top of that, put up with constant floods.
The whole insurance game in Florida is based on data just like real estate and everything else. It is acually not based on claims in a certain area. I have lived in the same house for 25 years not in a flood zone. My insurance company had me in Zone X. Now I learn from my city the flood zones have been redone and I am in Zone A1. My premiums have gone up 100% over the last three years when I was in Zone X. I can't wait to see what they will be this year. Home prices will not go down enough to help people. What has to go down in the greed level all over the board. And of course they have to quit printing money in Washington.
Old boomers are trying to sell a 1300 sqft house for 500k in Hillsborough & Pinellas County. That shit ain't nothing but fucking greed. & they wonder why there's a disconnect between the young folks & them. They bought they house in 2003 for 98k & now want 500k 🙄🙄
Check out Laurel Meadows in Sarasota if you’re still in the area. The neighborhood flooded flood zone X from Debby. These people lost everything and no flood insurance required
You lost me at climate change. Credibility shot. Extreme weather patterns are cyclic, not annual. Just avoid the known floodplains. So tell me, natural storm erosion aside, are the “rising sea levels” pushing back the estate boundaries at the beachfront property lines in Florida?
For a data guy he quotes weather wrong. Extreme events are actually trending downward it’s the number of people and their proximity that makes it feel more extreme.
I grew up in Shore Acres, lived there from 1969 to 1978, my parents paid $24,000 for the 3 bd, 2 bath house. Yes, we had to evacuate a couple times, but the house never flooded, not even the garage.
As long as vacationers can pay for the increasing insurance costs, why would hotels stop building? Homeowners don't have the option of passing increased insurance costs onto others (unless they rent them, of course).
Weather events are not becoming more extreme, and ocean levels are not rising any faster than they have for the past 2-300 years. if this were not so, no bank would ever finance any construction anywhere near the shore of anything in Florida. Clearly that is not the case, so one can safely either conclude that every single bank is completely incompetent, or the statistics of disaster do not bear out the outrageous predictions of the climate catastrophists. What you're seeing in the disaster statistics is NOT more disasters or more powerful storms. What you're seeing is greater population near areas of storm risk. Also, why aren't we blaming the builders of those homes? They're built in a major flood zone, but not a single one of those homes is elevated more than 1-2 feet from street level based on what is visible. Those homes should be built on either tons of fill dirt trucked in, or built with a foundation designed to handle a 100 or 500-year flooding event.
Just read that Helene caused flooding yesterday in Shore Acres that residents say they have never seen before. Just so many homes destroyed yet again. These home values will be be much worse that you even predicted. Great Vlog!!
I've lived in the area since 1979, it's always flooded there. If anyone remembers the old Groucho Marx line about FL real estate and how you can get "Stucco" well most of those places were built around then in the 50's when there was hardly anyone here and no one cared and basically that's what was built (many reasons, retirees just needing small but still want to be near water, some were 2nd homes built cheaply out of block and I would say by unscrupulous builders but if you look around everyone was doing it, people wanted CHEAP back then (I guess). Now that these homes are really old it's become painfully obvious the poor layout, lack of room and the flooding are driving factors but, think about it for a moment it's been like that a long time. Now you do have more sales in that area because even the hardiest get sick of stuff like floods BUT it's OBVIOUS the insurance and property taxes are the last straw for these folks! It's in a really nice area, close to downtown and JUST on the other side of what you are seeing in the video is Tampa Bay and that side of the street is LINED with dozens of multimillion dollar homes. Sadly, in my opinion, most of the homes on the non bay side of the street will have to be be torn down and rebuilt or built up on stilts to stay in the area. The other problem is the street flooding is horrible through there and the jam from the school is bad too. That being said Saint Petersburg and that area near the Old Northeast is a really fantastic place to live (just not the low spots ; ) ).
Im very thankful for your work. When i moved to Colorado in 2017 i thought the houses were overpriced then, then pandemic, corporate media lying to make a cash grab. Obvious bubble for years, but denial is like a flood zone in Florida.
I think it will effect non flood zone home prices positively. I live in tampa. In my neighborhood homes are not in flood zone only few homes for sale and sells in a month.
What we're seeing in Florida right now is wild.
Make sure to track the inventory levels in your city/ZIP code on Reventure App: www.reventure.app
I'm curious: how does inventory in your area compare to long-term norms? Search it for free and let me know in the comments below.
I lived in Florida for over 20 years Shore Acres is a known flooding neighborhood. But people choose to live there anyway. There is nothing to do with GloBULL warming.🤷♂️
so we did see you walking in downtown st.pete. last sunday evening.
Who is buying in this messy situation?
I think the Posters Personal Assistant Coach Hilder trades for everyone I meet. I met her twice at a meeting in Connecticut and after her lectures from her. I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Coach Hilder is with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
A house isn't the best investment, considering the state of the economy right now. After selling my Boca Grande house, I want to put $200K into stocks because they can still increase in value during difficult times. Do you have any great ideas for stocks?
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
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.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
Given the current market situation and the precarious state of the economy, I would recommend refraining from investing in stocks for a while or, alternatively, seeking guidance from a financial advisor. However, keeping a portion of your wealth in gold remains a wise choice.
I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
How can you say you own a home if every year you have to pay $20-30k for taxes and insurance or you lose it.
You don't own a home, you rent it from the county.
They need to absolutely abolish property tax. It's sickening I live in Texas we have no state income tax but yet they sure make up for it in our property taxes.
@@jonathanmcguire1115I’m in Texas too and between summer utility bills and property taxes, I pay more than $1200 per month to live in my paid-off house.
There is no way in hell I’ll retire here.
@@DMS20231 I know right. My mother who has gotten up at 3:30 a.m. till she was 65 to go to work for Frito-Lay now retired and a widow, my dad passed away in 16. Property taxes are going up and her social security is going down what the hell is wrong with America. GREED. So sick and tired of this world smoke and mirrors.
what is your solution to pay for government services?
@toddknode752 Abolish income tax and property and do a 15% sales tax. That way illegals will be forced to pay their fair share of taxes as well.
Best advice you've given.... do not buy in a flood zone.
Hes leaving out important information. Houses in non flood zones are now flooding. Rule is dont buy in florida. High risk.
Yes, but car insurance is through the roof as well as regular homeowners no matter where you live. If one side of the state is getting battered with storms, everybody pays. Its the one bad kid in the classroom theory.
All of Florida is basically a flood zone. There are safer areas than others, but not entirely safe.
The reality is most houses don't ever flood in Florida, even in a Flood zone.
It's virtually impossible to flood a house that's sitting 8 feet higher than the street level
The issue is insurance companies want to cripple homeowners to not pay out in a policy. Saving them money
After selling some properties in 2025, I'm looking forward to a possible housing crisis so that I can make affordable purchases. As a backup plan, I'm also considering investing in stocks, so I'm wondering when would be the best time to make these investments. I've made significant trading profits, but I'm concerned about market instability and the possibility of a dead cat bounce. Can you explain why this phenomenon occurs in the market?
Stock and real estate investing may be a smart move, especially if you have a solid trading strategy that may help you through prosperous periods.
You just lack the skills necessary to turn a profit in a competitive market; you're not making mistakes. Only seasoned investors who survived the 2008 financial crisis can reasonably expect to make sizable gains in these difficult times.
Recently, I've considered asking specialists for their opinion. I think I might need some advice right now, but I'm not sure if I would really profit from their services.
Annette Christine Conte 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
Thank you for sharing, I must say, She appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
I'm sorry bro, but rising sea levels ??? Shore Acres floods during ANY rain storm and it's been that way for decades!!! This is one of the lowest elevation areas in western Florida. Shore Acres is notorious for flooding.
lol.
Yes, during a tropical storm or hurricane, sea levels rise in areas adjacent to the storm. It's called storm surge.
I just got a hate speech warning from UA-cam for questioning climate change.
In fact its known as Flood Acres. Most people who live there don't have flood insurance because they can't afford it. But its been always like that. That's the reason I didn't buy a home even before COVID in 2014. When they say insurance was $4000 just a few miles away from there I paid 1100 a year.
Correct
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?
"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 taskRead more
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
*Jessica Lee Horst is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
Shore Acres has always flooded. I've lived in Clearwater, FL all of my life, 66 years. Shore Acres was flooding back in the 60's and 70's. It has always flooded. I never could understand why people wanted to live there. Didn't they do their research? I live in Clearwater. It's 57 feet above sea level.
Insurance companies using climate change to $$$$
@@AmericanConstellation Exactly.
Nothing was researched.
This is the equivalent of buying a 200,000.00 used car with no test drive then complaining when it breaks down.
Any person who can afford these houses has a smart phone and 5 minutes to spare for a little research.
Why are builders allowed to build in a flood zone?
have you had any flooding there? in clearwater?
@@jjohnson8977 Not where I live. Nope.....I live in a no flood zone.
Got the hell out of florida 2 years ago and have never been happier
I'm sure no one here misses you ..I don't know anyone that is leaving , of would ever think of leaving.. I am sure some people just can afford living here, It's much cheaper in New York and NJ now.. since no one wants to live there.
@@joemancurreri6635why so hateful? Maybe a Republican supporter? Good luck with that 😅
I haven't been happier since your ass left either
I just canceled my ins. They wanted a new roof ,trees trimmed or taken out. Then still pay $7200. With no promise they won’t cancel next year. I took the $30000 plus and made a hurrican fund ,Self insuranced
Insurance is some BS.
I build homes. 30k is enough to do a lot. They are just boxes with wires and pipes. People are trying to value them like they're rare art made of gold. Good for you getting out of a scam.
This is my neighborhood. The inventory is absolutely insane. Some homes just flooded again during Hurricane Debbie last week.
Good information
Good, we are waiting for the crash so we can come in to get some cheap houses.
@@sdfv4zxare you prepared for insurance and taxes? 11k a year ?
@@kyul9357 i mean if he gets a house for like 100k or less thats a good buffer haha
@@kyul9357 some people can rent a place for 11K a year and not have to pay insurance or taxes
I lived in shore acres 30yrs ago. My elderly neighbor had lived there since the 70's. He said it was dry and beautiful until they built up and seawalled the shoreline, creating a bowl effect. My home flooded in storm of 96.
Man made "climate change"
It isn’t due to the sea wall, it is due to the ignorance of upgrading infrastructure as the population increased. Most of the drainage issues stem from old/small pipes that the country openly admitted it when Irma rolled through. The blame lies with the greed of the permitting process for new tax revenue and ignoring warning signs.
I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
You work 40 years to have $1 million in your retirement, while some people are just investing $10,000 in a meme coin for just a few months and are now multi-millionaires. I pray that anyone who reads this will be successful in life.
When someone is direct and good at what they do best. People will always speak for themselves. For me I can say: try Mrs Sara Ramirez from Financial Education and you will be glad you did
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
What differentiate the poor from the rich is what they both do with information.The poor also have access to information the rich gets but chose to ignore it
She seem very proficient, I wrote her detailing my Fin-market goals
I'm a bit perplexed seeing her been mentioned here also, Didn't know she has been good to so many people this is wonderful, I'm in my fifth trade with her and it has been super.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
You never really own your residence because of property taxes....
It's an illusion just like free choice
True Dat
You have to pay insurance and registration for your car, so you believe that people don't own their cars either. Since you pee after you drink beer that is just rented too, I guess. Your thought process is convoluted.
@@Omar_Zazzle Thats not even logical what you said omar...
@@Omar_Zazzle If you dont pay your taxes on your car you can still own it, if you stop paying taxes on your house they will take it from you. There's a difference.
Regarding property taxes...I'll repeat again what I've said many times for +30 years... When the value of a house substantially increases on "paper" substantially in a short period of time; thus increasing the assessed value from the County (or taxing authority); what exactly is the "newly found" tax income being used for? What caused the need for the locality to increase its budget? In this case; when housing prices have skyrocketed the past 4 years, is the local government giving out big pay raises to those on the local government payroll? Are they throwing money into unnecessary new local projects (which in itself will require more upkeep budget or additional employees to manage)? What exactly is the new tax revenue based only on a an inflated housing market being used for? And, how was the local public services and schools able to sufficiently operate prior to reassessing home values based upon valuation that can be likened to a Beanie Baby craze (or any unjustified collectable craze)? Things are backwards; local governments are using the arbitrary increase in property taxes as a windfall; when what they should be doing is reducing the mil rate and continue with public services as in the past. Obviously, inflation affects everything, and the locality may need to increase its budget. BUT, like a household, when costs continue to rise, cuts and sacrifices are made....but with government, they rarely cut, and just pile on the taxes. For all the faults California has; at least they severely limited how personal property is taxed.
Look for their required public financial statements Annual Comprehensive Financial Reports. They can be found online. One of the larger items on them is Interest Income on all the tax money that they don't spend that goes into various "Investment Accounts". The Florida State Board of Administration (SBA) manages State Pension Accounts. (SBA) is primarily an asset management organization responsible for investing state and local government assets. Established by the state's constitution, its mission is to provide superior investment and trust services while adhering to the highest ethical, fiduciary, and professional standards. As of June 30, 2022, the board had $228.0 billion under management; the largest fund under supervision is the Florida Retirement System (FRS) Pension Plan Fund ($180.0 million). Other major funds include the FRS Investment Plan Fund ($12.8 million), the Florida Hurricane Catastrophe Fund ($12.4 million), and the Local Government Surplus Funds (Florida PRIME) Trust Fund ($17.7 million).
California taxpayers figured this scam out 40 years ago - passed a law (Prop 13) that property rates could only increase 2% a year unless it sold (then taxes would be based on the new sales price). Allowed people to live in their home with relatively stable taxes for many years, a boon for retirees on fixed income. And recently they passed another law that if you sold your home and bought another in California, you'd transfer over your previous tax basis to the new home. It saved us a huge amount of taxes over the years.
000
Yep 24 years back I paid 74.000 for this house on 2ac.taxs 1800.00 insurance 2200.00..
Republican ruled house in goverment for years, have done ZERO to help is negligent. As now the home insurance debacle is sweeping through out FL.....FAIL!
You probably aren’t old enough to remember the 08 collapse. I used to walk my dog around the neighborhood and count the foreclosure notices posted on the doors. At least these people can still attempt to sell.
We are in Kissimmee and the wife has her 2nd in person interview in Kentucky at the end of the month. We had to drop our insurance and go to Citizens of Florida because they wanted 13,500 per year for home insurance when in 2012 it was 2k!! Car insurance is now costing me 924 a month!!! I am getting quotes from Progressive for less than 200 up there. We are looking at a home up there the same weekend and it's almost double the size as what we have now for within 100k of what our home is worth here and so I called the insurance up there and they quoted me of 4,800 a year on that home that is 6,100 sq ft!!!! We are born and raised Floridians but this place is awful anymore, we want more money in our pocket and are done with this awful mess here. My wife is getting offers of 200k sign on bonus and full moving expenses paid with her salary that is 60% MORE up in Kentucky than it is in Orlando. I bet at this time next year we will be out of Florida for good if not much sooner. Come to Kissimmee and look at all of the homes for sale, every 5th home it seems like is up for sale around here.
Florida is (or was) only for retired people. Jobs in Florida pay pretty much nothing, they basically still have slavery there.
Good luck! I hope you take the offer
Hi Acc0rd!
WOW that's crazy!!!
What is your wife's specialty for such high wages?!?!
I'm in the wrong business!!!
The new home sounds amazing too!!!
Makes me want to leave Florida too!!
Good luck to you!
007
Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Same here, my portfolio has been going down the drain while I try trading,I just don't know what I do wrong..
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Fenella..
Highly recommended 🙌
Wow, I'm surprised to see Fenella mentioned here as well. I didn't know she had been kind to so many people
I'm also a huge beneficiary of her..
I thought myself and my family were
the only ones enjoying Fenella
trade benefits
St pete native here, that neighborhood is just behind on the codes and requirements for living on the water in 2024. Notice how only 1 out of every 10 houses there are on stilts or have a raised bottom level. The neighborhood floods in a bad rain let alone 5 feet of storm surge.
Florida, is a state in which much of the land was once underwater and the ground is composed of limestone. Limestone is very vulnerable to erosion and therefore collapse, and all over Florida homes are collapsing and or damaged from subsidence of the land.
Indeed. The state that experiences many sinkholes, flooding, and hurricanes.
OMG: As an engineer I can tell you - you are 100% WRONG. portions of central Florida are composed of Limestone. Homes ARE NOT collapsing. Last year 4 homes had sink hole damage, all in central Florida In Sumter, Marion and Lee co.. Florida is actually composed of sand. and BTW: the entire east coast was underwater 6 million years ago, not just Florida.
In 96 my mother worked for $11 an hour 50 hours a week and was able to get a 48k mortgage on a 1600sqf home from saving $200 a month for 2 years.
Now I make $21 an hour 55 hour work weeks and... I live paycheck to paycheck in Lowe income government assistant housing because renting anything else would eat 2/3 my paycheck. I'll never afford to buy a house
I thought the same thing when I was young … now I live on the Ocean you never know the future..
You have to get a better job. $21 an hour is nothing in this economy.
It's horrible! They have destroyed our country. Mostly everyone is giving up now. They know they will never have enough money to own their own home. It feels like an exercise in futility.
007
There is zero evidence or satistics that show any sea level rise, that is a lazy regurgitation
I was thinking the same thing. I was surprised to see that he has fed into the "climate change" narrative. Actually, there is a lot of scientists who have signed a statement stating that it is in fact not true. Yet, people still believe it.
Thank you.
Zero evidence haha. So the university of hawaii sea level center has 10.000+ people walking around producing bullshit and getting paid for it?
I wouldn’t bet it on it. Insurance company actuaries are very good at using math to perform risk assessments. Their job depends on it.
At best??? (I often wonder if these young people actually BELIEVE all the b.s. they were programmed with... since it would take a MASSIVE amount of "cognitive dissonance" to NOT SEE what's really going ON with all this "command- controlled mis- governance, to money, legalese and markets..." the 'faux' weather and Medea and academia, etc. Especially since 2020, plus!!!)
It happen to me in St Petersburg in 2005 it cost me $1050 a year in 2022 it was $4000. in 2024 $9000. I had to sell and move out of Florida
Finally - someone gets it. Its all about affordability - NOT the interest rates! If you move to an area that is less expensive than the one you're moving from then respect the local economy and adjust to that local economy. Stop over paying and inflating prices that destroy the local economy by making it impossible for natives of that state to ever buy a home. The vast majority of homes in Nashville are NOT being bought by native Tennesseans - what does that tell you?
@@barryben-horowitz5023 Mostly Corporations buying up homes, leaving them empty, creating a demand, then either rent high or sell high. That's what these Evil Corporations are doing in NYC, buying up everything, leaving some empty and then creating a demand. We need laws where homes can I only be bought by People who plan to live them and if you're a Corporation, you can only own x amount of homes and not from different corporations that lead to the same Corporations. Americans are retiring outside of America because of this evil bullshit greed of Corporate America and our Governments are 100% Complicit to this America Atrocity and possible downfall. Once these corporations suck us dry, they will move on elsewhere.
you make no sense lmao. Its called a free market so the price is what is agreed on by the buyer and seller. You sound like a lefty
100% accurate.
@@drewdrewson1384 Fat chance. I'm a native Tennessean - rethink your politics. You have NO clue as to the reality. Its builder and buyer greed. These are not existing homes but granted owner greed is as much at fault. but NONE of this would be happening if migrants from LA, Chicago, NY would never happen.
You've made over 700 videos but actually it's all the same 1 video..... And nothing ever happens.
This fuckers want to panic poor people. They want to create a situation.
Price cuts are clearly happening. Even I'm seeing it on zillow here in Texas. Houses are sitting on the market for a long time now & people are doing 30k price cuts. The sellers are being greedy with their listing price & regular folks are tired of it.
One big problem is that people who live in the highest risk areas want people in safer area to share their risk. High risk seafront properties don't pay enough to cover the risk, and therefore inland people have to pay more to cover that excess risk. That happens all over the country, but Florida is among the worst offender at that. In addition, the Florida government had regulations that allowed local contractors to rip off out-of-state insurance companies. Florida was also in denial about rising sea levels and other environmental problems. Many of those problems have been addressed recently, but it was probably too late. There are still a lot of chickens out there coming home to roost.
I live in the Tampa Bay area…we are not seeing massive selling of homes in our area. Insurance rates have skyrocketed due to a number of factors…Auto insurance has risen due to the huge number of collisions that occur in our country…and the enormous number of lawsuits that people are filing for every accident today regardless of how minor the loss might have actually been…causing the insurance companies to raise rates. Property insurance has gone up because the massive inflation that has occurred over the last three and a half years has caused the cost to repair or replace homes damaged to skyrocket..therefore, the insurance companies have much more exposure causing them to raise premiums.
Reminds me of that scene in “The Big Short” where frontpoint investigates Florida and its for sale signs everywhere. It’s only going to get worse over the next few months.
It’s exactly the same. 💯
I love that scene in The Big Short where they are driving through the neighborhood and the agent says the sellers are motivated as neither of them are working.
You are the same guy that five years ago said we gonna have a crash and now you reporting that everything went up double at least so you’re such a hypocrite
I can’t wait for the housing market to collapse. Been watching your videos for the past few years. Patience is a virtue and I’m waiting to buy here soon. Your content is extremely helpful in my journey back to the home ownership game. ❤❤❤
Same here 👍
Yes, and the date of the collapse keeps moving further and further into the future, while millions of people who don't watch Nick or Travis had gotten rich.. what a joke. In July 2021, Nick had said, "There's no hiding it. We're in the verge of a housing market collapse". The value of my house had gone up 51% since then. What a joke. The two of them have nothing to offer except, "House prices and carrying costs have gotten too high, so, they have to come down". Real estate doesn't work like that.
Same for us.
Holding on tight but the ball and change is losing patience lol
*chain
People must realize that in the 1970s and before, most of Florida was swamp land.
Yep. It used to be a joke if you bought land in Florida.
@@carolr7823 Not to mention the sinkholes.
Home insurance and taxes are through the roof, but sellers here (Tampa) are still trying to ask for top dollar. They're delusional.
you obviously haven't been in business long enough to remember 2007-2008. Shore Acres has always been prone to flooding even in a stiff rain. Build up, and be happy
Don’t spend $300k to raise your existing house of the ground. Move to a new house, whose builder spend an extra $50k to build it raised off the ground.
Real life price on those homes would be about 140k.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Ann Marie strunk 🙌
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, 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 Ann Marie strunk, has been an amazing experience.
I'm favoured, $90K 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,, all thanks to Ms Ann Marie strunk 😊🎉
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
Home ownership dont exist. You only have different landlords depending on what kind of purchasing model you use... Bank, government, other landlords
Greetings from NY. We used to visit Florida often when my parents were alive. The people there were wonderful to us. We made many lifelong friends. Good luck during this crisis. Prayers outbound.
Florida is close to a huge crash
Well when you charge more than people are willing or able to pay and you're losing money the more you hold onto inventory, you eventually lose enough money that you're willing to sell at the inventory's true value.
Close, it’s already crashed. The people just don’t want to accept it.
Seems like it crashed already.. they just haven't realized it yet
Wish full thinking
It has a for sale sign because it went up 500% in the past five years so people want to cash out that’s the only reason it has always been a flood zone
We are fine the housing market is stronger then ever!!! Buy now!!!
That is what they said during the 1920's Boom Bust resulting in the Great Depression.
I live in Florida. I live in a old double wide mobile home. I got turned down by every insurance company in Florida. So I have no home owners insurance. It is not good.
Save what you would pay for insurance in a savings account and don't touch it unless you need to fix or replace your home.
It’s better not to have insurance because when you need them they will deny your claim anyways. Ask me how I know!
@@pctrashtalk2069 Good idea.
the insurance companies in florida need to be better regulated. politicians are letting them get away with huge price increases
Tourstar777 how do you know?
Almost 1,000 dollars a year in taxes for a small box with very little property. Absolutely ridiculous. The American dream is dead. Property taxes should be abolished. With them, you never truly own your own home. Just pay it off and try not paying those taxes and see what happens. This is criminal.
Not "1,000 dollars a year", in Florida they're paying 10,000 to 20,000 per year just for insurance, then taxes on top!
We have lived in Shore Acres for the past 7 years and our home did not flood during Idalia or any other storm since it was built in 1953. Shore Acres encompasses many neighborhoods within its umbrella and it is a falicy to say all the homes flood or have flooded. We are personally in Waterway Estates which sits higher then other parts of Shore Acres and to my knowledge not only did we not flood but neither did any of our neighbors. We do not have a raised house and we were fine the last few storm. I believe this is also the case with Ponderosa Shores and other neighborhoods within Shore Acres that did not experience flooding. Streets to get out can get flooded but it hasn't been a detriment to our quality of life and is to be expected in Florida in general even if not near the water. Also keep in mind not all the houses being sold are due to flooding but a multitude of reasons such as relocation, needing larger homes etc. and also some of those that did flood were not even on the water. Just do your research and don't be afraid to purchase in Shore Acres or in a flood zone if you are looking to live a waterfront Florida lifestyle. Our insurance is still reasonable and under the $4000 amount. It is a great family oriented neighborhood and many that have flooded choose to stay and rebuild as they love it here!
I'm going to wait until they are begging me to buy. I'll be a mercy purchase. 😊
Exactly. Let someone’s mistake be your benefit.
Exactly 💯
You’ll be waiting until you’re a corpse in the ground
You won't be able to. The corporations will just buy them and lobby taxes and get their own insurance since they won't have a mortgage.
Why would you want to buy a house in the flood zone? All you’re doing is buying someone else’s damaged house that probably has mold.
I drove though that area about a month ago and it was like going into another world with all the homes for sale. Some people there were told that their policy will not be renewed if they've had more than one claim unless they elevate their homes 6'.
Come down here to Rotonda West, Florida. My entire neighborhood is for sale. The flooding has nothing to do with sea level rising, because they aren’t. It’s the massive building that is going on. They build with the anticipation of a max 8 inch rainfall. When we get 10 inches plus, everything floods. My friend is in a flood x zone. He is kayaking from his house in Sarasota to a rental car so he could go to work.
Shh! We don't need more people moving here. 😮
I sold my house in December 2020 which was way too early. I am now renting a nice 2100 sq ft home in SWFL for $2300 a month. Their are 2 homes for sale exactly the same for sale for $350k which would cost $3100 a month because of the high property tax and insurance. The landlord had to replace the a/c unit today which only cost me a few hours of sweating. Buying a home in Florida now would be a HUGE mistake.
@@dsj9831 Let them come see the ridiculously high prices. More than double what they were 6 years ago. 🤣
A neighbor in Sarasota that wasn’t in a flood zone, flooded to several days after hurricane Beryl. Out of 98 homes only 2 had flood insurance. 😢
When insurance companies drop the bottom out of home prices, the big companies will buy everything at fire sale prices and you will Rent not Own.
Most new flooding areas are due to overdevelopment without proper sewage systems, not rising levels. Many recent floods were in flood X zones.
Why blame the scam for flooding when you live five feet below sea level? Come on, WTFU.
I pulled the plug on a Reventure subscription and holy shit did I underestimate what that access to data would do for me. I'm breaking down neighborhoods and incomes on a micro level. Definitely worth the investment while I search for a home in the insanely expensive Santa Cruz market.
As for Florida... I left there for California after the cost of living doubled and my income stayed the same. The home I had should have sold for 200k with maybe 1800mo total expenses. I left and it sold over 300k and now the insurance has gone over 1000mo. All in the new owners are easily paying 4000mo for that place and expect that to go over 5k. People in Florida just don't make that kind of money. I quadrupled my income in Cali. It's expensive, but at least I can afford it now.
Insurance rates are different based on what part of the state you live in. I live in Central FL and it’s only $1K per year full coverage for a 2,500 sq ft house. It’s expensive on the coast or flood zones.
Florida Insurance prices are a problem. FEMA “pricing 2.0” has sent prices soaring to 5 figures per year in many places. Ask the seller about “grandfathering” or taking over their existing flood policy, and never let it go once you have a grandfathered policy. Find a good insurance agent, one who is committed to giving good advice and services- if the heaviest lifting your agent does is picking up your check every year, find a new agent. If your agent doesn’t give you a quote with Citizens, find another agent. It’s a great test of whether or not they’re willing to put in some work, because it’s a PIA to write, and a lot of work to service. You’ll find that it’s cheaper than nearly every private company in the state.
An old school Florida home is built on a crawl space because of the flooding and wet soil. If you have a house built on slab, it's newer and probably built in lower lying areas that are more prone to flooding. The old school homes are built on the elevated areas as well.
Yes, my 1940s house in St Pete was up on ok piers , even Though it was not near the ocean
What you are seeing is a lot of people realizing suddenly that reality is catching up with them. The ridiculous unrealistic dream is over. On the plus side, soon everybody will have oceanfront property
...or be underwater, literally.
Taxes and home insurance are out of control.
Seems like there is a plan here, both TX and FL being hit with unreasonably high insurance rates. Almost like someone feels the need to punish these two states.
A lot of florida homes are hiding past water damage, the pipes are all bad too. 11k a year to insure a junk pile
No house in a flood prone area is worth 400,000.
I live in the Smokies and I paid 73,000 for a real log cabin. Paid it off. Of course it was in 2004, but even then the housing market was booming before the crash. So why are homes so expensive now?? Greed, maybe?
People shouldn't celebrate the value of your home going up. Unless you're selling, you have to pay for the price of everything else going up to match the property values. Stop supporting this inflation by not overpaying. 😊
Right. it is such a joke housing became a game for property values instead of a place to live. You can't even get at the equity if it is there unless you sell or pay someone interest to use your "wealth" with a loan. Even if you sell and want to buy a bigger place the bigger place went up in cost. It's all just an illusion. it's the increase in the money supply that causes this. It would be better if prices came down which would happen if the money supply stayed the same.
Don't move to Florida you won't be able to sell your house sell signs all over Florida.
Imagine seeing a UA-camr wandering around your neighborhood… 😂
truth is less homes available in older establishment north east florida neighborhoods .. is this happening in overdeveloped new construction areas built on filled in wetlands w low quality construction❓
Genius free advertising!!! I love it❤ He had no clue how much free advertising he was getting😂😂😂😂 lol I seriously love you Nick your the bro.
Everyone in Shore Acres has waterfront property, some people have it all of the time and everyone else has it anytime it rains😂
Hurricanes are not more frequent and sea level rise has remained unchanged for over 100 years. It’s not climate change……Florida has always had flooding.
Shhh..you'll ruin the narrative.
I call it Storm Surge and not call it Sea Levels Rising….
Momma always said that you can’t fix stupid….
It's in high abundance.
Now underwater
Florrida at one time was the retirement dream!! ITS ALL OVER NOW!!SO SAD!!😢
Worldwide, sea levels are rising at 1 to 2 millimeters a year and weather events are not anomalous. The climate is not changing dramatically. While CO2 is rising, the ratio of CO2 from human sources versus natural CO2 is decreasing, The amount of CO2 from human sources is so smalll as to be insignificant.
This is so crazy! You ended the video at my friend Bill’s house! I’ve been watching your channel for years!
Why is that crazy? He should have ended at John’s house instead?
Sea level's aren't rising. Your shoreline is eroding.
BINGO, you just nailed it.
At or below sea level in Florida!? That means the developer landfilled a marsh and it settled, or they drained a swamp and the land further settled.
FYI, you point to the zip code but Placido Bayou is not Shore Acres and hasn't flooded. Shore Acres has been flooding since it was built. While you're walking you see all the elevated homes behind you that meet current code.
Property taxes and insurance are just going to keep going up.
Home ownership is not even worth it anymore.
What's the alternative? Live in a tent? Renting has insurance/taxes built into the price of rent.
Think long term! Renting might be cheaper today, but tomorrow it will cost more for sure.
I bought in 2013 and my house doubled. my mortgage is $750 month.
Go to Sarasota and see the latest impact on housing from serious flooding caused by Hurricane Debbie!
Very limited impact to Sarasota, except for a few low lying developments.
Lived in Sarasota whole life we’ve never had flooding like we just had and a huge pint of house we’re not in a flood zone
@@JamesFinn-if1dl It's more than you think - just today heard that Arlington Park got hit pretty good. Many areas in Sarasota Springs, Southgate, Lakewood Ranch, etc.
I was just planning to move to Lakewood Ranch. I’m thinking Melbourne now!
The prices are still insanely HIGH
Then make more money and stfu
I completely agree. in 10 years some went from 94000 to 499999. They're selling at the top.
Totally! I just looked on Zillow and a 925 sqft, 2/1 house is $520,000!! There’s no way anyone’s gonna buy that ESPECIALLY with the flood insurance.
Gas is extremely high too!
Many low-lying parcels in the St. Petersburg area are on stilts. That is the only way they were allowed to build. Any area that floods consistently should not be allowed to build any designed house. Most new homes in Florida are built on a slab or on a low cinderblock foundation. But Shore Acres has been notorious for flooding for decades if not longer. It's one of the first to get hit when hurricanes come through. I don't know how people can pay the high cost of flood insurance and on top of that, put up with constant floods.
The whole insurance game in Florida is based on data just like real estate and everything else. It is acually not based on claims in a certain area. I have lived in the same house for 25 years not in a flood zone. My insurance company had me in Zone X. Now I learn from my city the flood zones have been redone and I am in Zone A1. My premiums have gone up 100% over the last three years when I was in Zone X. I can't wait to see what they will be this year. Home prices will not go down enough to help people. What has to go down in the greed level all over the board. And of course they have to quit printing money in Washington.
Old boomers are trying to sell a 1300 sqft house for 500k in Hillsborough & Pinellas County. That shit ain't nothing but fucking greed. & they wonder why there's a disconnect between the young folks & them. They bought they house in 2003 for 98k & now want 500k 🙄🙄
🤦🏻♂️ Sea levels are NOT rising.
Please do some research and stop listening to the news.
Then the land is sinking
You'll never convince the woke masses.
Thank you. I almost lost respect for Nick when he made that comment.
Exhibit A. Shore Acres FL.
This neighborhood was built in the 1950s.
It didn't just "start" flooding....been that way for decades
I can’t believe you bought into that crap,sea levels have not rose 1 mm
Never fund a person who would say something like. No integrity
No flood zone, No fire zone, No HOA, No urban, No snow, No humidity, hmmm where is left. 🤣
New Mexico. No volcanos, earthquakes or Tornadoes either.
ON THE EQUATOR somewhere, anywhere !
Check out Laurel Meadows in Sarasota if you’re still in the area. The neighborhood flooded flood zone X from Debby. These people lost everything and no flood insurance required
You lost me at climate change. Credibility shot. Extreme weather patterns are cyclic, not annual. Just avoid the known floodplains.
So tell me, natural storm erosion aside, are the “rising sea levels” pushing back the estate boundaries at the beachfront property lines in Florida?
Your worthless "app" has been predicting a "30% crash" for years now. During that time, prices have INCREASED 30% or more.
Please explain.
Bad programming and a flawed model
For a data guy he quotes weather wrong. Extreme events are actually trending downward it’s the number of people and their proximity that makes it feel more extreme.
We got grazed by a cat 1 hurricane last week not a direct hit and so many people I work with were dealing with flooding issues
I grew up in Shore Acres, lived there from 1969 to 1978, my parents paid $24,000 for the 3 bd, 2 bath house. Yes, we had to evacuate a couple times, but the house never flooded, not even the garage.
Never buy In a flood zone.
If sea levels are rising, why are they still building hotels on them?
Why are politicians still buying on the beach too?
Because sea levels aren't rising. It's BS.
Because you can still book the rooms on floors 3 through to the top. 😆 Just need a gondola like in Venice.
Easy, grab the cash and bye bye sucker
As long as vacationers can pay for the increasing insurance costs, why would hotels stop building?
Homeowners don't have the option of passing increased insurance costs onto others (unless they rent them, of course).
Weather events are not becoming more extreme, and ocean levels are not rising any faster than they have for the past 2-300 years. if this were not so, no bank would ever finance any construction anywhere near the shore of anything in Florida. Clearly that is not the case, so one can safely either conclude that every single bank is completely incompetent, or the statistics of disaster do not bear out the outrageous predictions of the climate catastrophists.
What you're seeing in the disaster statistics is NOT more disasters or more powerful storms. What you're seeing is greater population near areas of storm risk.
Also, why aren't we blaming the builders of those homes? They're built in a major flood zone, but not a single one of those homes is elevated more than 1-2 feet from street level based on what is visible. Those homes should be built on either tons of fill dirt trucked in, or built with a foundation designed to handle a 100 or 500-year flooding event.
The rent is too damn high!
Just read that Helene caused flooding yesterday in Shore Acres that residents say they have never seen before. Just so many homes destroyed yet again. These home values will be be much worse that you even predicted. Great Vlog!!
I've lived in the area since 1979, it's always flooded there.
If anyone remembers the old Groucho Marx line about FL real estate and how you can get "Stucco" well most of those places were built around then in the 50's when there was hardly anyone here and no one cared and basically that's what was built (many reasons, retirees just needing small but still want to be near water, some were 2nd homes built cheaply out of block and I would say by unscrupulous builders but if you look around everyone was doing it, people wanted CHEAP back then (I guess).
Now that these homes are really old it's become painfully obvious the poor layout, lack of room and the flooding are driving factors but, think about it for a moment it's been like that a long time. Now you do have more sales in that area because even the hardiest get sick of stuff like floods BUT it's OBVIOUS the insurance and property taxes are the last straw for these folks!
It's in a really nice area, close to downtown and JUST on the other side of what you are seeing in the video is Tampa Bay and that side of the street is LINED with dozens of multimillion dollar homes.
Sadly, in my opinion, most of the homes on the non bay side of the street will have to be be torn down and rebuilt or built up on stilts to stay in the area.
The other problem is the street flooding is horrible through there and the jam from the school is bad too.
That being said Saint Petersburg and that area near the Old Northeast is a really fantastic place to live (just not the low spots ; ) ).
The sea level isn't rising. Just sayin.
Sea Level is exactly the same as it was in 1933, as proven by watermarks located in Miami. Just saying.
Im very thankful for your work. When i moved to Colorado in 2017 i thought the houses were overpriced then, then pandemic, corporate media lying to make a cash grab. Obvious bubble for years, but denial is like a flood zone in Florida.
You don’t own your home since the property taxes you pay go towards school, police, fire, infrastructure, and other county needs.
I think it will effect non flood zone home prices positively. I live in tampa. In my neighborhood homes are not in flood zone only few homes for sale and sells in a month.