3rd separate video I've done showing Blackstone selling. Hopefully you all realize that this is a thing, and it's happening. The math on owning rentals simply doesn't make sense in Florida right now. And as a result - the investors keep selling. Track the selloff and inventory trends in your market on Reventure App: www.reventure.app
Talk to @Garyseconomics about this housing crash and he'll tell you that even more asset owning "middle" working class will have to lose their assets for the super rich to buy low, rent out and hoarde
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Grace Adams Cook for the last five years or so, and her returns have been pretty much amazing.
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800k to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $315k to around $740k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
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.
Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume on google, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
There are advisors in cities around you but I needed services of one who can guide me irrespective of location. ‘Melissa Terri Swayne’ comes highly recommended especially in times like this. I am hedging and haven't lost much to the recession. I found her in 2020 when the market was at an all time low. Look her up and thank me later.
... and yet Blackstone has bought 1,200 RV and mobile home parks across the country !!! They are raising lot fees as much as 60% !!! Many people in these parks don't have expendable incomes and are being driven to homelessness !!! Pathetic !!!
@@kathysanders3915 Not an excuse. 20, 30, 40 years ago, these RV owners had no idea they would be thrust into predatory Wall Street equity buyouts. The predatory digital takeover of land wasn't on the minds of these hardworking people, nor should it have been. I'm sick of blaming the victim. It's disgusting that the oligarchy has turned us on each other. This is wholesale robbery, plain and simple. No excuses !!!
That income will drop to zero on those parks, and they'll be sold at a huge loss. Watch. When the long time tenants who have some skin in the game leave, who do you think they're going to be replaced with? More reliable tenants at higher rates? LOLOLOL No.
@@davidhunternyc1Agree 100%. What's worse is that our elected officials pass bills/laws that make this shit possible. The U.S. Will be a banana republic in 3-5 years.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.
'Jessica Lee Horst' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
That first house sold for $218K in 2020…$350K is still MASSIVELY overpriced. Blackstone bought at $369.4 was also way OVERPRICED. 35% reduction would be normal pricing.
@@je5406I would be careful saying that. I understand your point and in good neighborhoods and newer homes you probably right but some of these prices are going to bottom hard.
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but l'll also have at least one pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Retiring comfortably in the US these days is almost impossible.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I was looking at a new house that was reduced from $429,000 to $314,000 the builders are starting to get desperate too. I was talking to a Realtor friend and he told me that the market is cooling down dramatically and that they know it very well. Something big is really coming very soon!
Yeah inventory has spiked there. Check inventory graph for free on Reventure app: map.reventure.app/dashboard?geo=metro&dataPoint=total_active_inventory&zoom=6.0798164497313305&lnglat=%7B%22lng%22%3A-79.93171670245022%2C%22lat%22%3A32.95586356471635%7D&graphView=true&GEOID=16700 Still needs to grow by more to unlock real price declines.
@@StuartBehrens Charleston had a massive boom. It's not a cheap place to live at all, at least not in the desirable areas. North side is high crime, south of Calhoun you better have DEEP pockets. Most people who live in "Charleston" live in one of the burbs like Mt Pleasant.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
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.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
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 ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I have been a REALTOR for 25 years. I wouldn’t pay more than the pre-pandemic value for a house at this time, unless you plan on holding your property for a minimum of ten years.
Outstanding analyst by Nick! I don't know what Blackstone was thinking when they invested in private single homes. They are going to lose their shirts on this one.
I got out of the real estate investing market about a year ago. I think its time to get into the stock market for a while. whats the best strategy to invest around 200K in this current market
Agreed, I just use UA-cam for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own. I have consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains in close to a decade of having one
I've experimented with a few over the past years, but I've stuck with ‘’Amy Desiree Irish ” and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
You are absolutely right. Home prices are still too high for most buyers to consider buying a new home. Especially, if they have a home purchased before the pandemic with a low interest rate. You would have to be crazy to jump into such debt. I am waiting this market out.
It’s outrageous!!! Sarasota are selling old mobile homes renovated cause they never remove them they renovate old MH .my sister and her husband ex car sellers and hustlers are selling old MH in mobile home parks for $500,000 plus you have a monthly fee of anywhere from $500-700 month ! Who to hell wants to buy a MH and pay a monthly lot rent ! You don’t own crap and she was posting the last few years of all the Bennie’s they get from theses sales : cruises and so on ! Greedy as hell and the prices outrageous! We bought a double wide 1978 MH on Bryant pond w boat house for $30,000 we own the land no lot rent 12 years ago now people in this area that bought MH w pools buying for $25,000 now selling them as is for $175,000! No bites !! I wonder why . Housing is outrageous. In England housing is easy cheaper than in USA
My rent went up in Sebastian FL becasuse my landlord's home insurance & taxes went up. I'm still paying under market because I started renting this house in 2020 and they've only raised the rent one other time. But taxes and insurance are going to be making rents unaffordable and I can see more landlords selling.
I'm a real estate photographer in Washington state and I've definitely noticed an increase in homes going up for sale but not selling for a long time if at all.
That first house is now listed for $344K one month later...a 2.13% decrease (-$7,500) from the $351,500 shown here and a 5.70% decrease (-$20,800) from their original purchase price of $364,800 on 8/22/2022.
The banksters are heading for the exit, the music has stopped and they don’t want to be the one without a chair. I bet the derivative market is overextended to the tune of a few quintillion this time around. By the time the bailouts hit a McDonald’s cheeseburger is going to be $300.
There's a big problem with a $300 burger and it's not the $300 burger... it actually cant get anywhere near that without the Federal Government becoming entirely insolvent. The national debt is over 35 trillion dollars.. if all that debt was financed at 12% the interest payments would consume 100% of Federal tax revenues. The key thing to understand is that the inflation rate and bond yields (interest rates) are ***correlated*** and this is a massively important fact. When an investors lends money they do some quick math.. they take the yield and subtract the inflation rate.... for example if a bond is paying 5% and inflation is 3% that bond has a "real yield" of 2%... the end of that math problem needs to have a POSITIVE number or investors will not buy the debt... because a bond paying 5% while inflation is 9% is a guaranteed loss... the investors will buy literally anything else.. like RE, stocks, commodities like wheat, copper, oil etc to protect their capital from inflation because the assets they invested in are inflating at 9%... the investors isn't making money but at least they aren't taking a guaranteed loss in the bond market.
I leased a house in Charlotte County in February 2020 for $1250 a month. The last lease offered on that home in August 2023 was $2890 a month. This was a Blackstone company, they priced the service industry out of the rental market and it directly impacted entertainment, restaurants and retail.
not to mention we need to finance that at 7-8% for 30yrs....too high and the bank's cut is even higher. At least the bankers at GS and JPM can afford their $100,000 dinners and yachts.
I just have to applaud your content man, well done. I remember having a consultation with a trade analyst last August, and it was incredibly insightful, at least $50k---$1M profits. Can’t stress enough how helpful experts in this field are!
Adriana catherine understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
Thanks for keeping us informed. I feel for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Ms Adriana catherine! Imagine I invested $2,500 and received $18,200 after 2 days days.
Blackstone sells investments at a loss, but who ultimately suffers the investment loss? What is the financial backing Blackstone? Whose money is Blackstone managing? Who has the real risk? Ultimately, where would a failure propagate?
I must say you are the Number one Guy in your field. When you took that small break to recoup I really appreciate the information your insight and forecasts. Thank you always for the videos.
I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘’Aileen Gertrude Tippy’’ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Writing from a hotel in Gainesville. This is the third dangerous storm that curled into the Florida Panhandle in 13 months and there is plenty of tidal surge and wind damage "downstream." Florida has been pummeled by storms and that HAS to have an impact on potential buyers. Of course, the insurance aspect is directly related to this. I am strongly considering leaving the state. It's pretty stressful for retirees. I spent two days moving things away from windows, putting patio furniture and plants inside, going through important papers to take along... It's becoming an annual ritual and more! This hotel with 120 rooms is packed.
I got outbid by a cash investor for a townhome in Fort Lauderdale that they wanted to turn into an Airbnb Little over a year later they listed it as a long term rental and it’s been sitting on Zillow for 6 months
as a cash investor, they have ALL their money on the line and cant walk away with a small loss by handing the keys to th bank. typically, these people will hold tight for a while and then close to the bottom they give up because they can take the loss anymore.
Good work Nick! Stay in your market/lane regardless of what others request. Network with other UA-camrs to bring geographical areas/local content. You’re doing a great job in the Florida market.
Many sellers are still irrational and believe rate cuts are the answer instead of prices coming down. A lot of sellers are going to be left holding the bag. 50% off or more is coming.
The NJ market still has homes selling over asking but I noticed asking is slowly becoming more realistic now. Renting for the next 6-12 months after selling in July.
Hope you made it through Helene okay... Looked bad along the beaches. Be safe out there. Thank you sharing your knowledge and research with us. I appreciate you.
Isn’t it always a bit of a gamble? You can be a professional gambler - win most of the time - but never all of the time. Sounds like they expected it to remain stable or even go up but sometimes things do not work out as we plan even for the experts.
The reason this home didn't sell might be due to more competitive deals in nearby communities like Jackson Crossing (Highland Homes) and Silverstone North (DR Horton), which offer similar floor plans along with better incentives. Buyers are often looking for the best value, and those incentives can make a big difference in decision-making, but I can be wrong as Im located in Orlando
@@ReventureConsulting maybe you could do a video on how many people are still leaving california flush with cash from the sale of their million dollar california house... i hear over a million a year still leave, but it seems like it's slowing down...
If banks not making new loans- they are not making money. And rent isn’t coming neither….greedy corporations enflTed the market and now it bites them back
Primary differences: Florida banned foreign investors, so there's none of them to prop up demand. Still plenty of this in SFBA, esp for single family homes. Bay Area still has a ton of tech workers with very high incomes. Working class people can only dream of ever affording a deece home.
Yes. Bay Area housing is molten hot. Blackstone should be investing here instead of FL. A small 1200 sq. ft house is $1.5M. When rates hit 2%, this'll go even higher.
@@ReventureConsulting I work at a business in Cape Coral and these investors were sooooooo smug. "I can move wherever I want", one said. She was here to buy at any price so she can jack rents way up for the "Locals" and live comfy up in "New Yuck". I hope she winds up bankrupt and homeless in New Yuck.
Thanks for feedback. Here’s the inventory data for Louisiana on Reventure App: map.reventure.app/dashboard?geo=state&dataPoint=total_active_inventory&zoom=5.029360236605564&lnglat=%7B%22lng%22%3A-91.18444900524116%2C%22lat%22%3A30.133389460333234%7D&graphView=true&GEOID=22
I believe value growth investing is the most effective approach, combining growth potential with value principles. By evaluating growth stocks like a value investor and comparing them to peers, investors can find opportunities. Small-cap growth value investors can thrive, but it's essential to prioritize underlying value and avoid overpaying. The goal is to buy great companies at a fair price, not mediocre ones at a discount.
Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
Navigating the housing market alone can be treacherous. I learned this the hard way, losing significant value in my real estate investments due to poor property selection and timing. However, about nineteen months ago, I sought the expertise of a professional financial advisor specializing in real estate. Since then, my initial investment of $190,000 has generated close to $2 million in returns. This experience has convinced me that when it comes to investing in housing, the value of professional guidance cannot be overstated.
The approach appears simple. I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging and I could really use some guide, but are they really that effective though?
Finding financial advisors like Stacy Lynn Staples Great piece! She appears to be well-educated and well-read. I ran a Google search on her name and came across her website, thank you for sharing.
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.
@ursulamullikin4723 yea, if you're buying in florida, I think you will be very happy before the end of the year. Me in San Diego? 😕 😞 i think I got a ways to go. 🤣😂
I live in Manatee County, there are still developments with thousands of houses in the beginning phases of construction. Things are definitely going to get interesting here to say the least.
Institutions like Blackstone have trended the price of these homes to the sky a couple years ago. Unsurprisingly, institutions like Blackstone today are now starting the trend of crashing the market the same way, leaving the trail of out-priced buyers in it's wake. Well done!
Corporations bought these houses for top-dollar hiking the cost of houses and now they are trying to sell it still for more than most people can afford it at today. Greedy aholes. 😮😮😮
Crazy how this house is so much nicer than the similar 3 bedroom 2 bathroom home I sold in March 2022 for about $375k. Guess I got out around the right time. Sure, I could have waited a few more months and got $400k, but then I would have missed out on the home I got in Pennsylvania for less than half that amount 🙂
We bought in Anaheim Hills, CA in March, and we just got a giant supplental property tax bill, apparently our house has a 120k net taxable value increase since our purchase. 🤷♂
@@kevinc8811 he isn't having it getting these subscriptions he wants at $39 a month. I think it's worth $20 but I don't think he'll ever do that price.
I live in the areas you're talking about and have been saying for the last 2 yrs there needs to be a correction coming with pricing and rents. 150K houses being sold for 350-400 just crazy
Talks about what does blackstone know what no one else does... and 2 min later explains what everyone knows about real estate in florida from its insurance spikes and taxes over the last 5 years... Good job you figured it out... took ya long enough
What's going to happen in Florida this weekend? The narrative has been that insurance is too expensive, and homeowners were rolling the dice and forgoing homeowner's insurance. Cut to today, a Category 2-3 hurricane is about to make that decision real.
I read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years.
Buy and hold. Buy a little at first. Buy with a purpose. And for the love of all thing do not invest more than you can afford to lose. Always have other, safer monetary channels and backup funds.
I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
"That is why I enjoy having a portfolio-coach guide my day-to-day market decisions, because their entire skill set is built around going long and short at the same time, both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, and when combined with the exclusive information/analysis they have, it's nearly impossible not to outperform. I've been using a portfolio coach for over two years and have made over a million and fifty-seven thousand dollars"
I live in NY and not sure where you are getting the idea that NY is not overvalued and is only 13% over... NY has massive amounts of townhouses/Brownstones up for sale as long as TEN YEARS with no buyers. So far as prices going up... I don't know what world you are living in or trying to project NY as some great place, but you are totally wrong. So many apartment building begging for renters because so many have either moved out or NY or can not afford what they are asking. There are so many abandoned brownstones/townhouses it is not even funny. And the so-called desirable areas are suffering the same problem. The so called Billionaires Row... EMPTY!!!! Lower Manhattan a wasteland all due to people unable to afford rents/mortgages. Business closures, bank closures, high taxes and fees for everything has made living and visiting NY impossible. Relatives I have that live in Chicago speak of the same housing/job/income difficulties... at some point people will come to accept the DEPRESSION we are now all in.
I live in Fairfax, Northern Virginia, and home prices here are still very high. Especially compared to other states, the decline in housing prices is not being felt as much. Rents are incredibly expensive as well. I'm planning to buy a house, but it doesn’t seem reasonable to buy at these prices and take on mortgage risk. Housing prices in Northern Virginia are comparable to those in California.
Phew - good. Bring the prices down. I need to buy a house in Pinellas, South Hillsborough, or Manatee county asap! I’m currently in Palmetto. Can’t believe many of the the new home builders prices INCREASED this month 🙄
In the Philly suburbs bidding wars have gone away, except for the most trophy underpriced properties. Dated homes in hot neighborhoods are sitting on the market for months, which feels like a complete 180 from the Spring/Summer 2022 market where the open houses got more crowded than a house party.
Blackstone knows interest rates dropping makes their residential real estate fund less attractive and Donald Trump being elected will mean lower demand from immigration.
So few people acknowledge the Trump thing. There are at least 20 million new illegals in the country. They’re not really in the housing market, but they push other people into it. There are only so many places to live. 20 million people subtracted from the country equates to at least a few million houses, and that totally solves the housing crisis. If he gets elected and begins deportations as feverishly as he’s suggesting, it’s going to radically change the housing market
Blackstone is part of the WEF plan to make us all slaves. They’re intentionally crashing the real estate pricing to force people out of their homes. Don’t buy anything they are selling. Let the counties repossess them for lack of tax payment. Leave them all empty. Screw Blackstone and no vanguard
There is that 18-year pattern showing its cute little head. Historically, real estate has had a high to high every (approximately) 18 years. See the math? 2006 was the last high. After the high comes the fall. The rate of fall is all that needs to be seen. The rise was sharp and aggressive. A sharp fall is to be expected.
that cycle of increasing prices was fed by steady increases in the number of households with 2 incomes. that is no longer the case. my guess is that over the coming decade the labor used in housing will be dramatically reduced (due to new home build techniques and AI robots) and with WFH, location is less important so people can move to places with more land. we need policies that penalize large land owners with unproductive land held for investment purposes, so it gets put into the hands of developers. if were possible to build new homes for $250K in nice areas, then why would anyone pay $500K or a million? build, baby, build should be the mantra of a Trump presidency.
Can we just take a moment and notice that Nebraska is 24% over valued… higher than Texas???? I was just thinking that homes there were starting to look stupidly expensive.
All real estate is local. I’m in the Capital District of NY. House a few doors down from us out there house up for sale. 3600 sq ft with 2 🚗 garage, about 1.2 acres for $600k. Went u ser contract within a week. There dozens of cars at the open house. The reason is we never had the national home builders come in n build. There is plenty of work nearby (Regeneron, NYS, Semiconductors, etc).
I started pretty low though, $1000 thereabouts. The returns came massive. Joey is in school doing well, telling me of new friends he's meeting in school. Thank you Stella Francis, you're a miracle
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Wiezorek.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
Buyer beware. We looked to buy a 3 BR, 2 Bath, pool, Lanai home in small town central FL, 2005 price around $350 K. We rented VRBO. We bought such a home for $150 K in 2012. Previous owner build that home for $250 as an investment. Sold under distress. Zillow says that home is now $350 K. Home prices in FL are volatile.
3rd separate video I've done showing Blackstone selling. Hopefully you all realize that this is a thing, and it's happening.
The math on owning rentals simply doesn't make sense in Florida right now. And as a result - the investors keep selling.
Track the selloff and inventory trends in your market on Reventure App: www.reventure.app
Talk to @Garyseconomics about this housing crash and he'll tell you that even more asset owning "middle" working class will have to lose their assets for the super rich to buy low, rent out and hoarde
Can u do a subdivision analysis of chicago?
The loss Is higher if you consider the interest that thay paied in the years that they owned it
it looks more they just bought high to lure people to take high debt and now they are tanking the price
Another great one nick. Keep up the good work. It’s gonna pay off
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
Real estate and stock investments may be good decisions, especially if you have a solid trading strategy that can see you through prosperous days.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Grace Adams Cook for the last five years or so, and her returns have been pretty much amazing.
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800k to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $315k to around $740k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
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.
Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume on google, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
There are advisors in cities around you but I needed services of one who can guide me irrespective of location. ‘Melissa Terri Swayne’ comes highly recommended especially in times like this. I am hedging and haven't lost much to the recession. I found her in 2020 when the market was at an all time low. Look her up and thank me later.
I am on her website doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing
... and yet Blackstone has bought 1,200 RV and mobile home parks across the country !!! They are raising lot fees as much as 60% !!! Many people in these parks don't have expendable incomes and are being driven to homelessness !!! Pathetic !!!
When you don’t own the land you own nothing it’s as simple as that because you are at the mercy of the land owner
@@kathysanders3915 Not an excuse. 20, 30, 40 years ago, these RV owners had no idea they would be thrust into predatory Wall Street equity buyouts. The predatory digital takeover of land wasn't on the minds of these hardworking people, nor should it have been. I'm sick of blaming the victim. It's disgusting that the oligarchy has turned us on each other. This is wholesale robbery, plain and simple. No excuses !!!
Perfect move by Blackstone. Force people out of their actual home who will be then forced to move down to RV Parks. So clever of them.
That income will drop to zero on those parks, and they'll be sold at a huge loss. Watch. When the long time tenants who have some skin in the game leave, who do you think they're going to be replaced with? More reliable tenants at higher rates? LOLOLOL No.
@@davidhunternyc1Agree 100%. What's worse is that our elected officials pass bills/laws that make this shit possible. The U.S. Will be a banana republic in 3-5 years.
$350k for a 1300 sq ft house? That is way too much. Especially with property taxes and insurance. The prices of the houses have to come down.
Dude, take a vacation until prices drop 75%
@@rasbot2haha
Yeah too high for sure
Yes, my formula shows the average home is about 38% over valued.
@@bubbajones4522 What formula are you using.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Do you mind sharing info on the adviser who assisted you?
Amy Lea Kohlert 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 lead. I searched her site up and filled the form. I hope she gets back to me soon.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
'Jessica Lee Horst' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
That first house sold for $218K in 2020…$350K is still MASSIVELY overpriced. Blackstone bought at $369.4 was also way OVERPRICED. 35% reduction would be normal pricing.
Our dollars are worth much less than they were pre 2020. This home will never fall to the $199 level again.
Never say never
Nothing worse than FOMO. Clouds the mind. Ruins thinking. Leads to bad decisions.
@@taterkaze9428 you got that right…
@@je5406I would be careful saying that. I understand your point and in good neighborhoods and newer homes you probably right but some of these prices are going to bottom hard.
DO NOT buy a house being sold by a private equity!!! I don’t care how good the price is!!! DO NOT BAIL THEM OUT!!! Let them lose their arses!!
I wish there was a union of buyers to make this happen. Good idea.
lol
Buy at the price they paid for.😅
Don't worry, the government is going to bail them out.
@@Africa-d8w terrible advice, they overpaid when they purchased. Most of these homes were bought with cash offers above listing at the time.
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but l'll also have at least one pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Retiring comfortably in the US these days is almost impossible.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m planning on moving to Thailand after retirement
Wbu?
Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
I have a sister in Philippines.
Settling in won’t be difficult for me.
How can i reach her guys, if you don't mind me asking?
I was looking at a new house that was reduced from $429,000 to $314,000 the builders are starting to get desperate too. I was talking to a Realtor friend and he told me that the market is cooling down dramatically and that they know it very well. Something big is really coming very soon!
@@DEG1985 $115,000 drop isn’t cooling, it’s in the refrigerator.
In what market?
@@l.j.r.8448it’s a freezer too!
This is so true, Lennar is slashing prices in Central Florida. I was shocked. I’m talking like 100k.
I’m in charleston SC and the for sale signs are everywhere
For cheap??? Any price cuts?
Yeah inventory has spiked there.
Check inventory graph for free on Reventure app: map.reventure.app/dashboard?geo=metro&dataPoint=total_active_inventory&zoom=6.0798164497313305&lnglat=%7B%22lng%22%3A-79.93171670245022%2C%22lat%22%3A32.95586356471635%7D&graphView=true&GEOID=16700
Still needs to grow by more to unlock real price declines.
When the for sale signs were popping up on the outskirts of Los Angeles in 2007, the mainstream media said nothing.
Do you think it people trying to cash out at near the top or something else. I heard Charleston was pretty stesdy with prices?
@@StuartBehrens Charleston had a massive boom. It's not a cheap place to live at all, at least not in the desirable areas. North side is high crime, south of Calhoun you better have DEEP pockets. Most people who live in "Charleston" live in one of the burbs like Mt Pleasant.
All these houses should not cost more than 150/170k.
Today price is just a bubble ,almost ready to burst.
Amen! the prices are ridiculous. they need to come back down to reality!
Exactly!
Add in the cost of insurance and they should be lower if you look at the median income.
Certain reality to construction inflation that will prevent these houses going to 150k.
But 350k is still way too high.
Very true.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
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.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
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 ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I have been a REALTOR for 25 years. I wouldn’t pay more than the pre-pandemic value for a house at this time, unless you plan on holding your property for a minimum of ten years.
Even then, you should be cautious
Outstanding analyst by Nick! I don't know what Blackstone was thinking when they invested in private single homes. They are going to lose their shirts on this one.
Wait till after the hurricane 😂
We’ll be fine, meanwhile you’re still poor
@@rdee7406 How is Tallahassee doing right now. Hope those millionaires got their flood insurance paid up. 🤣🤣🤣
Pretty shitty to laugh at home owners, hard working Americans who don’t have anything to do with it and might get hit hard on both fronts
Yep another round of insurance rate increases
@@The_Forever_SoldierTally didn’t have much flooding - too far inland. Worst flooding/storm surge was closer to the coastline.
I got out of the real estate investing market about a year ago. I think its time to get into the stock market for a while. whats the best strategy to invest around 200K in this current market
I got into stocks few years ago and my candid advice for a newbie like you is to seek help from market experts rather than UA-camrs.
Agreed, I just use UA-cam for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own. I have consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains in close to a decade of having one
Oh I've heard similar things about hiring an advisor. It's hard to choose one that's very good though. Could you make some useful recommendations?
I've experimented with a few over the past years, but I've stuck with ‘’Amy Desiree Irish ” and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
What’s horrible is the impact this has on owners who need to sell because their home insurance and taxes are too high.
You are absolutely right. Home prices are still too high for most buyers to consider buying a new home. Especially, if they have a home purchased before the pandemic with a low interest rate. You would have to be crazy to jump into such debt. I am waiting this market out.
It’s outrageous!!! Sarasota are selling old mobile homes renovated cause they never remove them they renovate old MH .my sister and her husband ex car sellers and hustlers are selling old MH in mobile home parks for $500,000 plus you have a monthly fee of anywhere from $500-700 month ! Who to hell wants to buy a MH and pay a monthly lot rent ! You don’t own crap and she was posting the last few years of all the Bennie’s they get from theses sales : cruises and so on ! Greedy as hell and the prices outrageous! We bought a double wide 1978 MH on Bryant pond w boat house for $30,000 we own the land no lot rent 12 years ago now people in this area that bought MH w pools buying for $25,000 now selling them as is for $175,000! No bites !! I wonder why . Housing is outrageous. In England housing is easy cheaper than in USA
Blackstone sees what I think I see Florida is about to experience a never before seen population dump, the south is not for everyone.
So true
FYI...the have since dropped the price to $344k after this video...
My rent went up in Sebastian FL becasuse my landlord's home insurance & taxes went up. I'm still paying under market because I started renting this house in 2020 and they've only raised the rent one other time. But taxes and insurance are going to be making rents unaffordable and I can see more landlords selling.
I'm a real estate photographer in Washington state and I've definitely noticed an increase in homes going up for sale but not selling for a long time if at all.
It’s a nationwide due to the economy.
That first house is now listed for $344K one month later...a 2.13% decrease (-$7,500) from the $351,500 shown here and a 5.70% decrease (-$20,800) from their original purchase price of $364,800 on 8/22/2022.
And that’s not to count maintenance costs, insurance, and property taxes. They have lost LOTS on this property
True value … $ 44,000 😂
Give link to property
@@standinginthegap7118 they could alternately live there, go to work every day, pay it off, and retire.....the american dream right?
The banksters are heading for the exit, the music has stopped and they don’t want to be the one without a chair. I bet the derivative market is overextended to the tune of a few quintillion this time around. By the time the bailouts hit a McDonald’s cheeseburger is going to be $300.
NO, a Big Mac will be $1.50 real soon
lol I wonder what price Big Macs would need to go to for ppl to stop buying them
And if it gets super ugly, they'll get bailed out this is not capitalism it's corporate socialism.
@InMyBrz anyone that starts a sentence with "No" instantly is the smartest person in the room
There's a big problem with a $300 burger and it's not the $300 burger... it actually cant get anywhere near that without the Federal Government becoming entirely insolvent. The national debt is over 35 trillion dollars.. if all that debt was financed at 12% the interest payments would consume 100% of Federal tax revenues. The key thing to understand is that the inflation rate and bond yields (interest rates) are ***correlated*** and this is a massively important fact. When an investors lends money they do some quick math.. they take the yield and subtract the inflation rate.... for example if a bond is paying 5% and inflation is 3% that bond has a "real yield" of 2%... the end of that math problem needs to have a POSITIVE number or investors will not buy the debt... because a bond paying 5% while inflation is 9% is a guaranteed loss... the investors will buy literally anything else.. like RE, stocks, commodities like wheat, copper, oil etc to protect their capital from inflation because the assets they invested in are inflating at 9%... the investors isn't making money but at least they aren't taking a guaranteed loss in the bond market.
I leased a house in Charlotte County in February 2020 for $1250 a month. The last lease offered on that home in August 2023 was $2890 a month. This was a Blackstone company, they priced the service industry out of the rental market and it directly impacted entertainment, restaurants and retail.
A price-cut from insanely too high to really-really-really too high is not a price-cut that matters.
not to mention we need to finance that at 7-8% for 30yrs....too high and the bank's cut is even higher. At least the bankers at GS and JPM can afford their $100,000 dinners and yachts.
Can't wait to see the inventory numbers in Florida after the hurricane hope you do a video on that 👍🏼
I just have to applaud your content man, well done. I remember having a consultation with a trade analyst last August, and it was incredibly insightful, at least $50k---$1M profits. Can’t stress enough how helpful experts in this field are!
Please how do i go about it, am still a newbie on investment trading and how can I make profit?
A better way is to get proper guide!!!! The most important thing is the technicality
Adriana catherine understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
Thanks for keeping us informed. I feel for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Ms Adriana catherine! Imagine I invested $2,500 and received $18,200 after 2 days days.
Nice to see you talking about her, sHe is really amazing, she has amazing skills, she changed my 0.3 BT C to 1.9 BT C ......
Blackstone sells investments at a loss, but who ultimately suffers the investment loss? What is the financial backing Blackstone? Whose money is Blackstone managing? Who has the real risk? Ultimately, where would a failure propagate?
That's what I was thinking. I have Blackstone mutual funds in my 401k. Considering if I have to reevaluate my investments.
@@rubenmejia942Absolutely. Have they shown themselves worthy of playing with your money?
We haven't seen anything yet. In 2008, 3 bed 2 bath townhouses in Miami were going for $45K
😂😂
I must say you are the Number one Guy in your field. When you took that small break to recoup I really appreciate the information your insight and forecasts. Thank you always for the videos.
I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘’Aileen Gertrude Tippy’’ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Writing from a hotel in Gainesville. This is the third dangerous storm that curled into the Florida Panhandle in 13 months and there is plenty of tidal surge and wind damage "downstream." Florida has been pummeled by storms and that HAS to have an impact on potential buyers. Of course, the insurance aspect is directly related to this.
I am strongly considering leaving the state. It's pretty stressful for retirees. I spent two days moving things away from windows, putting patio furniture and plants inside, going through important papers to take along...
It's becoming an annual ritual and more! This hotel with 120 rooms is packed.
I got outbid by a cash investor for a townhome in Fort Lauderdale that they wanted to turn into an Airbnb
Little over a year later they listed it as a long term rental and it’s been sitting on Zillow for 6 months
take it in the shorts !
as a cash investor, they have ALL their money on the line and cant walk away with a small loss by handing the keys to th bank. typically, these people will hold tight for a while and then close to the bottom they give up because they can take the loss anymore.
Good work Nick!
Stay in your market/lane regardless of what others request. Network with other UA-camrs to bring geographical areas/local content. You’re doing a great job in the Florida market.
This is happening all over the country with few exceptions.
Many sellers are still irrational and believe rate cuts are the answer instead of prices coming down.
A lot of sellers are going to be left holding the bag. 50% off or more is coming.
FORECLOSURES by the thousands are coming !
Yeah the rate cut narrative is starting to get pierced. No real bounce back in apps.
Sellers also think they won't pay any commissions on either side! Roflmao
The NJ market still has homes selling over asking but I noticed asking is slowly becoming more realistic now. Renting for the next 6-12 months after selling in July.
Way too early to buy in Florida now, it will go down for years.
Hope you made it through Helene okay... Looked bad along the beaches. Be safe out there. Thank you sharing your knowledge and research with us. I appreciate you.
If Blackstone knew anything they wouldn’t have bought it in the first place
That’s exactly what I thought! I thought these were professional investors who know the adjustments in the markets effect their bottom line!
Isn’t it always a bit of a gamble? You can be a professional gambler - win most of the time - but never all of the time. Sounds like they expected it to remain stable or even go up but sometimes things do not work out as we plan even for the experts.
The reason this home didn't sell might be due to more competitive deals in nearby communities like Jackson Crossing (Highland Homes) and Silverstone North (DR Horton), which offer similar floor plans along with better incentives. Buyers are often looking for the best value, and those incentives can make a big difference in decision-making, but I can be wrong as Im located in Orlando
Great job Keep boycott going STOP RENTING OR BUYING from big investment company's
The lack of rental cash flow is a definite motivating force behind some of these investor sales.
I think it’s more like not being able to afford it with all the inflation going on than boycotting anything.
@@ReventureConsulting maybe you could do a video on how many people are still leaving california flush with cash from the sale of their million dollar california house... i hear over a million a year still leave, but it seems like it's slowing down...
If banks not making new loans- they are not making money. And rent isn’t coming neither….greedy corporations enflTed the market and now it bites them back
IM SO HAPPY I SOLD MY SECOND HOUSE. BOUGHT IN AUGUST 2021 AND SOLD IT TWO DAYS AGO. 200K IN EQUITY
San Francisco and the Bay Area housing has not dropping. It is still record high. I haven’t seen any correction yet.
Bay Area is down 2% within the last month
Your Head is Completely in a CLOUD!!! It started crashing almost 14 Months ago.
Primary differences:
Florida banned foreign investors, so there's none of them to prop up demand. Still plenty of this in SFBA, esp for single family homes.
Bay Area still has a ton of tech workers with very high incomes. Working class people can only dream of ever affording a deece home.
Yes. Bay Area housing is molten hot. Blackstone should be investing here instead of FL. A small 1200 sq. ft house is $1.5M. When rates hit 2%, this'll go even higher.
I am not seeing this in Denver, CO. Prices still way up and no signs of slowing
Same in charlotte
They're not gonna be able to sell them houses....no one has money! HAHAAAAAAAAAA!
Gotta love seeing Blackstone take a big hit!! 😂
Amazing how most of these houses I’ve found last 2 months are all still sitting.
@@ReventureConsulting The taxpayers will absorb the losses through bailouts. The politicians will look out for the crooks.
the people that do have money are waiting for even deeper discounts
@@ReventureConsulting I work at a business in Cape Coral and these investors were sooooooo smug. "I can move wherever I want", one said. She was here to buy at any price so she can jack rents way up for the "Locals" and live comfy up in "New Yuck". I hope she winds up bankrupt and homeless in New Yuck.
Stay safe in the hurricane Nick! Too many people need your wisdom
Houses for sale everywhere in Louisiana
Thanks for feedback. Here’s the inventory data for Louisiana on Reventure App:
map.reventure.app/dashboard?geo=state&dataPoint=total_active_inventory&zoom=5.029360236605564&lnglat=%7B%22lng%22%3A-91.18444900524116%2C%22lat%22%3A30.133389460333234%7D&graphView=true&GEOID=22
I believe value growth investing is the most effective approach, combining growth potential with value principles. By evaluating growth stocks like a value investor and comparing them to peers, investors can find opportunities. Small-cap growth value investors can thrive, but it's essential to prioritize underlying value and avoid overpaying. The goal is to buy great companies at a fair price, not mediocre ones at a discount.
Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
Navigating the housing market alone can be treacherous. I learned this the hard way, losing significant value in my real estate investments due to poor property selection and timing. However, about nineteen months ago, I sought the expertise of a professional financial advisor specializing in real estate. Since then, my initial investment of $190,000 has generated close to $2 million in returns. This experience has convinced me that when it comes to investing in housing, the value of professional guidance cannot be overstated.
The approach appears simple. I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging and I could really use some guide, but are they really that effective though?
Finding financial advisors like Stacy Lynn Staples Great piece! She appears to be well-educated and well-read. I ran a Google search on her name and came across her website, thank you for sharing.
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.
Condo crash is just starting in Florida.
Yeah scary the value drops on certain listings
Now my Florida condo is in demand.
Ben Grieco had a great video on this just a few days ago. Check it out.
My 3 bedroom, 2 1/2 bath condo’s worth has doubled in the last ten years. It rents for $10,000 per month.
Great video. Thanks, Nick. Please keep it up.
Men! After this hurricane passes florida, I wonder what the home prices will look like in a few months.
Hopefully better I've been waiting for 2 years in Jacksonville
@ursulamullikin4723 yea, if you're buying in florida, I think you will be very happy before the end of the year. Me in San Diego? 😕 😞 i think I got a ways to go. 🤣😂
Hurricane so far in St. Petersburg isn’t doing much. Hopefully everyone up in Tallahassee stays safe.
@@ReventureConsulting Have you moved there? I thought you were in Dallas.
I live in Manatee County, there are still developments with thousands of houses in the beginning phases of construction. Things are definitely going to get interesting here to say the least.
It breaks my heart to see a hedge fund take a loss after they tried to take over a market and rip off the American consumer.
Institutions like Blackstone have trended the price of these homes to the sky a couple years ago. Unsurprisingly, institutions like Blackstone today are now starting the trend of crashing the market the same way, leaving the trail of out-priced buyers in it's wake. Well done!
are you kidding me? 2120 rent for a barely 1300 sqft house?!
what about the number of listings on Airbnb? Declines there too?
Corporations bought these houses for top-dollar hiking the cost of houses and now they are trying to sell it still for more than most people can afford it at today. Greedy aholes. 😮😮😮
let the banks take them back, then will see reality
Crazy how this house is so much nicer than the similar 3 bedroom 2 bathroom home I sold in March 2022 for about $375k. Guess I got out around the right time. Sure, I could have waited a few more months and got $400k, but then I would have missed out on the home I got in Pennsylvania for less than half that amount 🙂
If only this was going on in my neck of the woods 😭
I live in the woods too 😁
@@fusion82Don't let Big foot get you!😊
We bought in Anaheim Hills, CA in March, and we just got a giant supplental property tax bill, apparently our house has a 120k net taxable value increase since our purchase. 🤷♂
The Florida Real Estate market is just like the price of your Reventure app.......OVERPRICED
Their cash cow isn’t investing. It’s selling the app and getting views making videos.
@@kevinc8811 he isn't having it getting these subscriptions he wants at $39 a month. I think it's worth $20 but I don't think he'll ever do that price.
U try and gather all that data . No have no clue cheap skate
@@nosnerd1967 don't be hating because you disagree. if he was hitting his subscription targets he would not be selling all the time. Amen
How is central Florida : Orlando is market dropping? The house still very expensive!
This is just the beginning
Yep
I live in the areas you're talking about and have been saying for the last 2 yrs there needs to be a correction coming with pricing and rents. 150K houses being sold for 350-400 just crazy
as an investor, 15 k means nothing..
9:45 THANK YOU! I think you're the only person I hear saying that the price matters more than the interest rate right now.
They have any flooded homes for sale ?
Talks about what does blackstone know what no one else does... and 2 min later explains what everyone knows about real estate in florida from its insurance spikes and taxes over the last 5 years... Good job you figured it out... took ya long enough
Thank you for sharing the most important information! 😅
What's going to happen in Florida this weekend? The narrative has been that insurance is too expensive, and homeowners were rolling the dice and forgoing homeowner's insurance. Cut to today, a Category 2-3 hurricane is about to make that decision real.
We put a sign on our property asking the hurricane to spare us and move a county over.
Desperate times call for desperate measures ~Hypocrates~
Every hurricane just raises our insurance.
Really good content
I read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years.
Buy and hold.
Buy a little at first.
Buy with a purpose.
And for the love of all thing do not invest more than you can afford to lose. Always have other, safer monetary channels and backup funds.
I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
"That is why I enjoy having a portfolio-coach guide my day-to-day market decisions, because their entire skill set is built around going long and short at the same time, both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, and when combined with the exclusive information/analysis they have, it's nearly impossible not to outperform. I've been using a portfolio coach for over two years and have made over a million and fifty-seven thousand dollars"
My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
Very educational video, thank you!
I live in NY and not sure where you are getting the idea that NY is not overvalued and is only 13% over... NY has massive amounts of townhouses/Brownstones up for sale as long as TEN YEARS with no buyers. So far as prices going up... I don't know what world you are living in or trying to project NY as some great place, but you are totally wrong. So many apartment building begging for renters because so many have either moved out or NY or can not afford what they are asking.
There are so many abandoned brownstones/townhouses it is not even funny. And the so-called desirable areas are suffering the same problem. The so called Billionaires Row... EMPTY!!!! Lower Manhattan a wasteland all due to people unable to afford rents/mortgages.
Business closures, bank closures, high taxes and fees for everything has made living and visiting NY impossible.
Relatives I have that live in Chicago speak of the same housing/job/income difficulties... at some point people will come to accept the DEPRESSION we are now all in.
We are not in a depression, merely experiencing "depression like" symptoms. Hah!
@@chetmyers7041
Depression like symptoms because you are in a DEPRESSION!!!
DENIAL is more than a river in Egypt
You’re correct. No one wants to see it but it’s right in front of them.
I live in Fairfax, Northern Virginia, and home prices here are still very high. Especially compared to other states, the decline in housing prices is not being felt as much. Rents are incredibly expensive as well. I'm planning to buy a house, but it doesn’t seem reasonable to buy at these prices and take on mortgage risk. Housing prices in Northern Virginia are comparable to those in California.
Phew - good. Bring the prices down. I need to buy a house in Pinellas, South Hillsborough, or Manatee county asap! I’m currently in Palmetto. Can’t believe many of the the new home builders prices INCREASED this month 🙄
In the Philly suburbs bidding wars have gone away, except for the most trophy underpriced properties. Dated homes in hot neighborhoods are sitting on the market for months, which feels like a complete 180 from the Spring/Summer 2022 market where the open houses got more crowded than a house party.
Blackstone knows interest rates dropping makes their residential real estate fund less attractive and Donald Trump being elected will mean lower demand from immigration.
So few people acknowledge the Trump thing. There are at least 20 million new illegals in the country. They’re not really in the housing market, but they push other people into it. There are only so many places to live. 20 million people subtracted from the country equates to at least a few million houses, and that totally solves the housing crisis.
If he gets elected and begins deportations as feverishly as he’s suggesting, it’s going to radically change the housing market
Blackstone is part of the WEF plan to make us all slaves. They’re intentionally crashing the real estate pricing to force people out of their homes. Don’t buy anything they are selling. Let the counties repossess them for lack of tax payment. Leave them all empty. Screw Blackstone and no vanguard
Not sure what you mean. Please explain.
Great video. Very informative
Yikes. The crash is coming.
🥰
What would one expect when the ocean off Florida reached its highest ever recorded temperature this year
@@toyotaprius79 How long have they been recording it?
@@SG-ji5ijSince the early 1800s
@@CatLover-g7j That's not very long in the grand scheme of things.
Hey, according to you, what a good/sane year over year rent increase in %?
That's not a loss it's a write off😂
Fantastic discussion
Thanks Nick
Thank you Sir
There is that 18-year pattern showing its cute little head.
Historically, real estate has had a high to high every (approximately) 18 years. See the math? 2006 was the last high. After the high comes the fall. The rate of fall is all that needs to be seen. The rise was sharp and aggressive. A sharp fall is to be expected.
18 year housing cycle is interesting. Can also do it with sales and builder starts.
Clueless!
that cycle of increasing prices was fed by steady increases in the number of households with 2 incomes. that is no longer the case. my guess is that over the coming decade the labor used in housing will be dramatically reduced (due to new home build techniques and AI robots) and with WFH, location is less important so people can move to places with more land. we need policies that penalize large land owners with unproductive land held for investment purposes, so it gets put into the hands of developers. if were possible to build new homes for $250K in nice areas, then why would anyone pay $500K or a million? build, baby, build should be the mantra of a Trump presidency.
Can we just take a moment and notice that Nebraska is 24% over valued… higher than Texas????
I was just thinking that homes there were starting to look stupidly expensive.
Low mortgage rates are what sparked the real estate market to begin with.
All real estate is local. I’m in the Capital District of NY. House a few doors down from us out there house up for sale. 3600 sq ft with 2 🚗 garage, about 1.2 acres for $600k. Went u ser contract within a week. There dozens of cars at the open house.
The reason is we never had the national home builders come in n build. There is plenty of work nearby (Regeneron, NYS, Semiconductors, etc).
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
Please who is this Mrs Stella Francis
This sounds so good andI would like to
be a party to this, is there any wayl can
speak with her?
The very first time we tried, we invested $1000, and after a week, we received $7,500.
That really helped us a lot to pay up our bills
Is her service available outside of the
US? As her broker is registered in the
US.
I started pretty low though, $1000 thereabouts. The returns came massive. Joey is in school doing well, telling me of new friends he's meeting in school. Thank you Stella Francis, you're a miracle
Why? Price is at all time high, interest is higher than when it was 2022 and the suppiles are higher than ever. 😅
Wow, 2025 gonna be exciting!!!
Shaping up to be that way
What does the price matter when insurance is nearly unattainable??
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Wiezorek.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Victoria Wiezorek too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
I wonder how much will be a total loss from the hurricane and shifted to insurance.
Greed by all these investment companies.
Buyer beware. We looked to buy a 3 BR, 2 Bath, pool, Lanai home in small town central FL, 2005 price around $350 K. We rented VRBO. We bought such a home for $150 K in 2012. Previous owner build that home for $250 as an investment. Sold under distress. Zillow says that home is now $350 K. Home prices in FL are volatile.
For Rent
For Sale
For Closed!