I recall the first time I found one of your videos I was like who is this quirky grungy white boy walking around Florida in a wife beater? But you grew on me you two are the best!
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than $600k within just a year, and I've entrusted my advisor with the task of determining entry and exit points.
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. *Camille Alicia Garcia* is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
Appreciate this recommendation, hopefully I can get some insight to where the economy is headed and strategies to beat inflation with when I hear back from Camille.
Good to see you both do a video together, you both are part of my daily videos I watch. My parents have a home in Punta Gorda, after the hurricane their insurance doubled. A bunch of residents in their neighborhood have moved and listed because they cannot afford the taxes and insurance on their fixed income.
I almost bought a brand new house in Cape Coral in 2009, it was ,priced to move at $125k with 3 bed, 2 bath and 2 car garage. That same house is now over $400k. There was a ton of inventory at that time, and they were just basically giving them away. Wish I would have bought it then😪. I'm hoping within the next few years it gets more affordable.
Really good points by Michael. If you don’t need to own right now and renting is a better deal, keep renting. Things tend to revert to the mean over time.
True enough, but one should keep in mind that in the case of USA real estate, that "mean" is an upward-sloping trend line. Same for USA large-cap equities. So reversion to a trend, but not a horizontal trend.
So Bonkers Awesome to see both of you together again. My two favorite young,Handsome,Grey haired men ❤😂. Tons of ridiculous information regarding prices and Taxes. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments.
After watching so many UA-cam tutorial videos on trading, I was still making losses until Mr. Ricky wen started managing my investment. Now I make $6,800 weekly. God bless Mr. Ricky wen as he has a blessing to my family.
My first investment with Mr. Ricky wen got me $24,300 and that made me to invest without fear of losing. I even got four of my friends that I recommended to him and they are making as much profit as me. May God bless Mr. Ricky wen
I follow both of you! Always watching all your videos! You guys are THE BEST!! My favorite UA-camrs!! Property insurance in Florida is a nightmare!!! DO NOT MOVE here‼️ You’ll regret it ‼️
Buy inland away from tidal water or outside of hurricane evacuation zones. Specify 10% deductible on hurricane coverage. 300k policy premium would be under 1000.
Facts: Miami is the arm pit of Florida, property tax and insurance doesnt fluctuate it only goes up, saying condos "can" have special assessments is false if you live in a condo long enough you "will" pay a special assessment. Insurance has almost reached an impossible level. I was paying 2300 pre coved and now 6500 no claims, full wind credit, clean 4 point. Called my insurance and he said if I canceled my universal policy I will never get it back.
It's all relative and depends from where you move. My property taxes in Florida are still half what I paid in suburban Illinois. Your vids are GREAT -- keep em coming!
Novembers numbers are in and we're officially on par with 2019/2020 numbers. We're up 5% YOY. Happy to see Michael collaborating with you Travis! Hope you had fun in our thunderdome haha. Safe travels brother!
It wasn't undervalued people just couldn't afford to live there. When the fed added 40% to the money supply and people could work remote they flocked to places like this with their increased income and freedom. Unless something changes prices will have to go back to where the locals can buy
@@mg-by7uu I’m not sure why you think it was unaffordable. Florida was extremely inexpensive. You could buy a condo not far from the beach for 250,000 and homes with a slip in places like Cape Coral for 225,000. That’s greatest deal I could find in the country. Florida feels like the Caribbean and is great place to be. However, prior to Covid most people worked from home and the migration was slow. I think things were sped up. We can disagree, but I sure don’t think Florida went up the way it did because of stimulus. It’s not like Cleveland all of a sudden took off too
Hi. Great video. How often do they access the property taxes? What are the increases based on? If I added a pool, I am sure that will increase the tax. If I added pavers, outdoor kitchens and a bird cage to my backyard, will that also increase my property taxes? I want I buy a home in central Florida.
The Market value is adjusted yearly as of Jan. 1st of the year. Any improvements you make during a year will not be taxed until the following year. If the home is your primary residence you qualify for Homestead exemption that gives you a $50,000 break on the Taxable value. So if you buy a home and the county property appraiser sets the Market value at $500K (it is always less than what you paid but lower is better) and in your first year after purchase that is your Assessed value. Your Taxable value will be $450K. Now say the Market value of your home increases to $700K in the next year. The Assessed value can only rise 3% due to the homestead exemption so it would be $515K and the Taxable value $465 (50K less). The Assessed value can go up more than 3% if you make improvements like pools, patios, whatever.
I watch BOTH y’all every night here in Saint Johns County Fl! We’ve lived in TX too and sold our house in New Braunfels when the market was hot. Hoping to buy in Ponte Vedra Fl, renting for an insane amount right now. Anyways I am totally fan girling right now!
These guys are legit, from all the videos they have put out, they have a real good beat on what's happening in the housing market, would honestly like the hear there political stance on things cause they are so legit,,
Hey Travis can you give Michael a tip or two on responding to comments once in awhile. I've been following him from his first shows 5 years ago and he has Never replied to any of my comments. You on the other hand respond quite frequently. 😃👍
I’m in Naples and prices seem to be crashing fast. My house went from 400k in July to now 330k and possibly still dropping. Even the wealthy neighborhoods are down double digits
We need a Homestead exemption increase. It's getting out of control. Propose a bill to Tallahassee to increase the homestead exemption amount to $100,000
I think the problem with Florida and the states real estate market is that it's not going to keep up with the locals and more importantly if the people that live within the state cannot afford a basic home then people are just going to keep dumping and dumping more of these homes back onto the market which will eventually cause a compounding issue where home prices are going to be discounted even more. The sad thing is it's going to be 2008 but way worse because all of these homes have been artificially inflated to a level that is going to be unattainable for anybody plus if you factor in the ever increasing tax rates with insurance policies and HOA dues there is no way for Florida to survive this.
I’m an all cash buyer but there’s now way I want to without knowing what insurance is going to cost. 14k for insurance? No thanks, I’ll keep renting. If there’s no improvement, I’ll be onto plan B
My home owner's insurance just went up $300 a month and that's just to cover the deficit from 2023 ... fun times ahead, can't wait to see the increase for 2024.
When people attack content creators, I always like to point out that there is essentially just taking us on their journey with them. They’re not our financial advisors. We are fucking watching this content. Thank you.
Palm beach , Broward , and Miami dade will continue to go up in price due to the influx of people moving there. Builders can’t keep up in these counties.
You don't wanna live in Dallas, Houston, Austin or San Antonio. All are expensive rundown blue bubbles. Live in a county outside them, cost half as much, clean and less traffic an no homeless.
Great content you guys and I like seeing the collaboration on a subject so important to all of us viewing. This has become the slow motion crash and it finally seems that the wheels are coming off. Can you guys share where you think prices will be in 2025?
Rising property taxes: Never heard that interest rates have gone "through the roof" ? That has had a MAJOR (negative) impact on the finances of many local counties.
Florida is a homestead state. If it’s your primary residence you can shield yourself from tax increases. However, anyone that signs up for it gets re-assessed.
Pisses me off b/c I HAVE & AM STILL FOREWARNING TOO MANY STUBBORN LUNATICS, I DON’T want to see people struggle furthermore due to the foolish lack there of simple, yet IMPERATIVE (serious) TRUE DUE DILIGENCE. KILLS ME
We just receive the bad news that 3 families are leaving Florida for good...they can not afford to make house insurances and car payments with 2 jobs...we were hoping to leave behind 2008 crisis but it seems is here again.. inflation and high interest rates are killing the working class..........
"Affordable" has a different meaning to people who are in a position to relocate then to someone who is accustomed to living in a place which used to be "affordable".
My taxes went up a lot this year and the biggest change was school tax. It went from $1,200 to $2,500. No new schools are being built or anything, what the hell? They can just arbitrarily double one of the tax lines with no explination?
"No schools being built" as the 5-17 population rises means new schools need to be built. Likewise, Florida teacher salaries rank almost at the bottom, even as their living costs have jumped. Putting off expenses causes fiscal pressure to build and build.
This video: Just two brothers from different mothers and fathers, chilling and talking about a perfect storm for a housing market crash while a category 1 hurricane is happening.
Good to see you again in person Travis! Thanks for having me on 😎
It's always nice to see you, brother! Proud of you 💪
@@realestatemindsetBrothers from another mother!!😊❤
I recall the first time I found one of your videos I was like who is this quirky grungy white boy walking around Florida in a wife beater? But you grew on me you two are the best!
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than $600k within just a year, and I've entrusted my advisor with the task of determining entry and exit points.
@@maryHenokNft this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. *Camille Alicia Garcia* is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
Appreciate this recommendation, hopefully I can get some insight to where the economy is headed and strategies to beat inflation with when I hear back from Camille.
Damn, this is BONKERS! I watch you both everyday. You're both part of my normal evening routine winding down after work.
Same here! The power of the algorithm 🙌
Me too. Both great!
Same bro
That could become a problem if either one of them ever take a break. 😂
Same
Love seeing you both together! What an awesome way to start a Sunday!!
Excited to see the tax situation unfold in Florida! Thanks for the coverage guys.
I love seeing you two together. Dynamic duo! My two favorite real estate podcasters.
Great advice. It's a case by case basis. Stay safe in that weather. 2 great UA-camrs.
Good to see you both do a video together, you both are part of my daily videos I watch.
My parents have a home in Punta Gorda, after the hurricane their insurance doubled. A bunch of residents in their neighborhood have moved and listed because they cannot afford the taxes and insurance on their fixed income.
I passed up on buying property in FL and I don't regret it. With the changing conditions in FL I don't even snowbird there anymore.
I watch michael every day when he puts out a new video❤
I almost bought a brand new house in Cape Coral in 2009, it was ,priced to move at $125k with 3 bed, 2 bath and 2 car garage. That same house is now over $400k. There was a ton of inventory at that time, and they were just basically giving them away. Wish I would have bought it then😪. I'm hoping within the next few years it gets more affordable.
Summers are tough in Florida it great for snow birds but hard for a young family year around also tough to get a job
Really good points by Michael. If you don’t need to own right now and renting is a better deal, keep renting. Things tend to revert to the mean over time.
True enough, but one should keep in mind that in the case of USA real estate, that "mean" is an upward-sloping trend line. Same for USA large-cap equities. So reversion to a trend, but not a horizontal trend.
Awesome to see you guys together!
So Bonkers Awesome to see both of you together again.
My two favorite young,Handsome,Grey haired men ❤😂.
Tons of ridiculous information regarding prices and Taxes. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Although the market is bad we had made some great friends and sometimes that’s more important ❤glad to see you two together
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments.
Same here, a Transformation of £4000 to £15,400 in just 2 weeks, he's really the best
I heard a lot of investing with Mr Ricky wen and how good he is, please how safe are the profit?
After watching so many UA-cam tutorial videos on trading, I was still making losses until Mr. Ricky wen started managing my investment. Now I make $6,800 weekly. God bless Mr. Ricky wen as he has a blessing to my family.
I've seen a lot of recommendation about Mr Ricky wen, Please can I have his info? I want to invest 2,000usd with him.
My first investment with Mr. Ricky wen got me $24,300 and that made me to invest without fear of losing. I even got four of my friends that I recommended to him and they are making as much profit as me. May God bless Mr. Ricky wen
I follow both of you! Always watching all your videos! You guys are THE BEST!! My favorite UA-camrs!!
Property insurance in Florida is a nightmare!!! DO NOT MOVE here‼️ You’ll regret it ‼️
Buy inland away from tidal water or outside of hurricane evacuation zones. Specify 10% deductible on hurricane coverage. 300k policy premium would be under 1000.
Thanks for braving the crazy wind, Travis!
So nice to see BOTH of you
.let's get you guys on TV...AND THE OTHER GUY FROM ORLANDO TOO
Enjoyed your video together. That wind is really blowing!😊
Facts: Miami is the arm pit of Florida, property tax and insurance doesnt fluctuate it only goes up, saying condos "can" have special assessments is false if you live in a condo long enough you "will" pay a special assessment. Insurance has almost reached an impossible level. I was paying 2300 pre coved and now 6500 no claims, full wind credit, clean 4 point. Called my insurance and he said if I canceled my universal policy I will never get it back.
Insane prices! Love you guys!!!
YEAH MY TWO FAVORITE REAL ESTATE EXPERTS TOGETHER ON THE SAME CAMERA.
Travis in the house!! Awesome collab I love you both. I’m located in SW Florida if u ever need anything!
Two of my favorite UA-camrs
It's all relative and depends from where you move. My property taxes in Florida are still half what I paid in suburban Illinois. Your vids are GREAT -- keep em coming!
It's about time. Michael is tight.
Novembers numbers are in and we're officially on par with 2019/2020 numbers. We're up 5% YOY. Happy to see Michael collaborating with you Travis! Hope you had fun in our thunderdome haha. Safe travels brother!
Travis’s genuine excitement is contagious, lol.
Great to see you guys together!
Please Travis,do a feet on the ground kinda video for North Carolina Rayleigh area,Thank you for serving us 🙏
9:41 GREAT POINT
Glad to see both of you at the same time. Awesome!!! The most reasonable voices on the internet. Keep up the great work keeping us informed!
Hey we flew together on your way to Miami from George.
I said to my myself
“ MIAMI IS GONNA BE BUNKERS”
Be blessed.
Bonkers Video! Mike is awesome!
Welcome to Florida 🌞 Travis!
Thanks for the video. I think Florida, like Vegas was very undervalued for a long time. Unfortunately, don’t see them having a huge crash
It wasn't undervalued people just couldn't afford to live there. When the fed added 40% to the money supply and people could work remote they flocked to places like this with their increased income and freedom.
Unless something changes prices will have to go back to where the locals can buy
@@mg-by7uu I’m not sure why you think it was unaffordable. Florida was extremely inexpensive. You could buy a condo not far from the beach for 250,000 and homes with a slip in places like Cape Coral for 225,000. That’s greatest deal I could find in the country.
Florida feels like the Caribbean and is great place to be. However, prior to Covid most people worked from home and the migration was slow. I think things were sped up.
We can disagree, but I sure don’t think Florida went up the way it did because of stimulus. It’s not like Cleveland all of a sudden took off too
Your channel is still underated. Love the work brother.
My two favorite studs👏🏼🙌🏼
Hi. Great video. How often do they access the property taxes? What are the increases based on? If I added a pool, I am sure that will increase the tax. If I added pavers, outdoor kitchens and a bird cage to my backyard, will that also increase my property taxes? I want I buy a home in central Florida.
The Market value is adjusted yearly as of Jan. 1st of the year. Any improvements you make during a year will not be taxed until the following year. If the home is your primary residence you qualify for Homestead exemption that gives you a $50,000 break on the Taxable value. So if you buy a home and the county property appraiser sets the Market value at $500K (it is always less than what you paid but lower is better) and in your first year after purchase that is your Assessed value. Your Taxable value will be $450K. Now say the Market value of your home increases to $700K in the next year. The Assessed value can only rise 3% due to the homestead exemption so it would be $515K and the Taxable value $465 (50K less). The Assessed value can go up more than 3% if you make improvements like pools, patios, whatever.
@@clagueb3686 Thank you. ❤️
Two Great 👍 UA-camrs
10:25. A new roof is very expensive.
I watch BOTH y’all every night here in Saint Johns County Fl! We’ve lived in TX too and sold our house in New Braunfels when the market was hot. Hoping to buy in Ponte Vedra Fl, renting for an insane amount right now. Anyways I am totally fan girling right now!
If you need a realtor that won't bullshit you, I live in Jax/St John's county. Let me know
Bonkers!
These guys are legit, from all the videos they have put out, they have a real good beat on what's happening in the housing market, would honestly like the hear there political stance on things cause they are so legit,,
The mill rate needs go down they are collecting so much in taxes and where is all the money going how did they survive on less
Good to see people my age making Some God dame sense
Yay!!!!!! I needed this collab!!!!!
Good job Travis. I have the solution to most of these problems! Let's talk!
I like how your filming similar to the way he does in his videos 😂💯
Florida is responsible for over 80% of the entire countries insurance litigation.
Hey Travis can you give Michael a tip or two on responding to comments once in awhile. I've been following him from his first shows 5 years ago and he has Never replied to any of my comments. You on the other hand respond quite frequently. 😃👍
It's hard, brother. I can tell you he appreciates all the viewers. I appreciate you, buddy. My volume good?
@@realestatemindset it was very windy but yes the volume was good enuf despite da circumstance. Da wind lessened towards da end 🤯👍
I’m in Naples and prices seem to be crashing fast. My house went from 400k in July to now 330k and possibly still dropping. Even the wealthy neighborhoods are down double digits
We need a Homestead exemption increase. It's getting out of control. Propose a bill to Tallahassee to increase the homestead exemption amount to $100,000
Homestead in Florida is 100% this is what I thought?
Audio was good.👍🏻
19:08 Two of my faves here “dropping the knowledge” 👍
I think the problem with Florida and the states real estate market is that it's not going to keep up with the locals and more importantly if the people that live within the state cannot afford a basic home then people are just going to keep dumping and dumping more of these homes back onto the market which will eventually cause a compounding issue where home prices are going to be discounted even more. The sad thing is it's going to be 2008 but way worse because all of these homes have been artificially inflated to a level that is going to be unattainable for anybody plus if you factor in the ever increasing tax rates with insurance policies and HOA dues there is no way for Florida to survive this.
I’m an all cash buyer but there’s now way I want to without knowing what insurance is going to cost. 14k for insurance? No thanks, I’ll keep renting. If there’s no improvement, I’ll be onto plan B
This is awesome I live both channels.
It amazes me when I see these houses that you say are $800 or $900,000 . Most of them are so ugly I wouldn’t consider living in them at any price.
That looked like hard work. Amazing.
My home owner's insurance just went up $300 a month and that's just to cover the deficit from 2023 ... fun times ahead, can't wait to see the increase for 2024.
I'm in the Tampa area and I'm not seeing prices soften much at all.
Florida is loaded with retirees sucks that they have to pay so much in school tax
When people attack content creators, I always like to point out that there is essentially just taking us on their journey with them. They’re not our financial advisors. We are fucking watching this content. Thank you.
Amazing collaboration ❤️
Waiting for prices to come down in Punta Gorda!!
AWESOME PAIRING!!!!
Palm beach , Broward , and Miami dade will continue to go up in price due to the influx of people moving there. Builders can’t keep up in these counties.
A lot of condo's owners will sell their properties 2024-2025...and prices go down dramatically....
Oh goody! The converging of two of my favorite UA-cam peoplehumans!
You don't wanna live in Dallas, Houston, Austin or San Antonio. All are expensive rundown blue bubbles. Live in a county outside them, cost half as much, clean and less traffic an no homeless.
Great collaboration!!!
Omg 0:32
You should also use Michael’s hurricane safe hair gel
Great content you guys and I like seeing the collaboration on a subject so important to all of us viewing. This has become the slow motion crash and it finally seems that the wheels are coming off. Can you guys share where you think prices will be in 2025?
Miami is a magnet for the rich
Bonkers
7:31 not a dji mavic pro. I have hit mine with a leaf blower, and the thing went sideways to counter the wind, and stayed right in the same spot😂
wassup with Reno? from your viewpoint.
Rising property taxes: Never heard that interest rates have gone "through the roof" ? That has had a MAJOR (negative) impact on the finances of many local counties.
Great job with the audio!
Florida is a homestead state. If it’s your primary residence you can shield yourself from tax increases. However, anyone that signs up for it gets re-assessed.
Hallelujah
Pisses me off b/c I HAVE & AM STILL FOREWARNING TOO MANY STUBBORN LUNATICS, I DON’T want to see people struggle furthermore due to the foolish lack there of simple, yet IMPERATIVE (serious) TRUE DUE DILIGENCE. KILLS ME
We just receive the bad news that 3 families are leaving Florida for good...they can not afford to make house insurances and car payments with 2 jobs...we were hoping to leave behind 2008 crisis but it seems is here again.. inflation and high interest rates are killing the working class..........
Are you brothers, guys?
There is little good paying work in florida, all the money is coming from newcommers who dont have to work
I hear they just flooded
Florida is soooooo unaffordable. RUN AWAY!!!
It's still affordable. Don't believe all the hype.
@@carolmolitor3793 I lived there and had to move. Everything has doubled.
@michelle
I agree 10000%‼️ RUN‼️
My dream of a double wide in the Everglades is crushed. I'm 65 now and the dream of moving to Florida is over like Mike said.
"Affordable" has a different meaning to people who are in a position to relocate then to someone who is accustomed to living in a place which used to be "affordable".
Same as Sarasota. Anything decent 800k new construction. Brokers out there pushing as if nothing is wrong.
property taxes in FL are INSANE.. but it gets little coverage.. that the Property Tax in FL is worse than CA
My taxes went up a lot this year and the biggest change was school tax. It went from $1,200 to $2,500. No new schools are being built or anything, what the hell? They can just arbitrarily double one of the tax lines with no explination?
"No schools being built" as the 5-17 population rises means new schools need to be built. Likewise, Florida teacher salaries rank almost at the bottom, even as their living costs have jumped. Putting off expenses causes fiscal pressure to build and build.
@@marcmcreynolds2827 I'm in northern Wisconsin, the population has been steady for many years. Most of the kids leave for college and never come back.
@@Litterbaux Sorry, I was assuming Florida. Go Packers!
Awesome 😅❤❤❤
Bonkers 😊
This video: Just two brothers from different mothers and fathers, chilling and talking about a perfect storm for a housing market crash while a category 1 hurricane is happening.
⛈
🔥🔥🔥
You need to come up i95 to central Florida! Miami is on a different scale compared to the rest of Florida.
Too many people stacked together
Miami is not all Florida.