@@DetectwithJeff Yeah, I don't see it either...maybe in the bigger cities everyone is running like hell from, maybe in certain states that rhyme with the word "Dalifornia", not here! Thanks for your reply good sir : )
Mango I recently purchased a beach front condo in MB. Couldn’t be happier. I live in AZ. and looking to set up my retirement. Next stop pan handle of FLA or Treasure Coast/FLa…what’s funny is that South Carolina is so far behind AZ that I still see value going up for years to come. Going to be an amazing ride along with the income… I don’t listen to the negative chars/comments from those who have no skin in the game. Real estate , long term, stocks long term and you will be very happy.
It kind of makes a little sense when you realize that Myrtle Beach was barely a town in the 50s while Florida was beginning to blossom. We stayed undeveloped longer...heck, where we live is 10 minutes from the beach and it's only partially developed here. We live adjacent to two horse farms (!!!) 🤣
I think anyone that thinks nationwide we are not headed for a pricing bubble pop is foolish. The same FOMO phenomena is at work right now today. The artificial inflation in today’s market is that of a younger generation in which couldn’t afford housing several years ago that suddenly can now due to low interest rates as well as a pause in student loan payments. Additionally, everyone started working from home during the pandemic and moved to more desirable locations, but as we move away from the pandemic, people may eventually be forced to return to an office. Which is going to cause people to have to possibly relocate again. People have also bought homes simply by impulse for fear that this might be their only chance. So now they are house poor. Also the supply chain shortages have driven new home prices up due to increased prices on lumber. When the lumber shortage first hit, we saw a 50% increase in lumber, and of which was then handed down to builders. As the builders had to increase their prices of new homes, home sellers decided to take advantage and jack their prices as well, and because people were desperate to buy they took the bait. As interest rates rise, building materials drop, and inflation continues to rise it will eventually stop people from being so quick to get into these bidding wars simply over a fear of missing out. The bubble is going to burst and we should all start preparing for recession.
Please be honest with the people. It's gonna crash everywhere and especially there. It's gonna crash, you just want to keep your job. Be honest about if you have a conscience thank you
I appreciate your concern Martin, but this video is from 2022. I am trying to formulate a new video on this for the new series coming up this year, still not sure exactly what I think but to be honest even if the market does crash I'll still have a job so that's not a motivation for me. I want to take your input though, what makes you say there's going to be a crash especially here?
Is there going to be a crash here in Myrtle Beach? What do YOU think?
Nope
@@DetectwithJeff Yeah, I don't see it either...maybe in the bigger cities everyone is running like hell from, maybe in certain states that rhyme with the word "Dalifornia", not here! Thanks for your reply good sir : )
Mango
I recently purchased a beach front condo in MB. Couldn’t be happier. I live in AZ. and looking to set up my retirement. Next stop pan handle of FLA or Treasure Coast/FLa…what’s funny is that South Carolina is so far behind AZ that I still see value going up for years to come. Going to be an amazing ride along with the income… I don’t listen to the negative chars/comments from those who have no skin in the game. Real estate , long term, stocks long term and you will be very happy.
It kind of makes a little sense when you realize that Myrtle Beach was barely a town in the 50s while Florida was beginning to blossom. We stayed undeveloped longer...heck, where we live is 10 minutes from the beach and it's only partially developed here. We live adjacent to two horse farms (!!!) 🤣
I think anyone that thinks nationwide we are not headed for a pricing bubble pop is foolish. The same FOMO phenomena is at work right now today. The artificial inflation in today’s market is that of a younger generation in which couldn’t afford housing several years ago that suddenly can now due to low interest rates as well as a pause in student loan payments.
Additionally, everyone started working from home during the pandemic and moved to more desirable locations, but as we move away from the pandemic, people may eventually be forced to return to an office. Which is going to cause people to have to possibly relocate again. People have also bought homes simply by impulse for fear that this might be their only chance. So now they are house poor. Also the supply chain shortages have driven new home prices up due to increased prices on lumber. When the lumber shortage first hit, we saw a 50% increase in lumber, and of which was then handed down to builders. As the builders had to increase their prices of new homes, home sellers decided to take advantage and jack their prices as well, and because people were desperate to buy they took the bait. As interest rates rise, building materials drop, and inflation continues to rise it will eventually stop people from being so quick to get into these bidding wars simply over a fear of missing out. The bubble is going to burst and we should all start preparing for recession.
Very informative and well made video! 👍
Thank you!! 😁
Please be honest with the people. It's gonna crash everywhere and especially there. It's gonna crash, you just want to keep your job. Be honest about if you have a conscience thank you
I appreciate your concern Martin, but this video is from 2022. I am trying to formulate a new video on this for the new series coming up this year, still not sure exactly what I think but to be honest even if the market does crash I'll still have a job so that's not a motivation for me.
I want to take your input though, what makes you say there's going to be a crash especially here?