Isn’t it crazy how mortgage rates continue to rise with higher imports and declining exports? meanwhile the FED is yet to lessen cost. Something will eventually break if they keep raising interest rates and quantitative tightening
indeed the mkt & economy has gone berserk, price of great assets like real estate, dividend paying stocks, or gold never comes down easily, in my humble opinion, buy what you can afford today, and working with a financial advisor certainly helps
Right, since 2020 amid rona-outbreak, I've avoided the drawbacks of trial and error simply by FA assistance. I'm semi-red now, and only work 7.5 hours weekly, with over $600k pulled off after subsequent investments to date.
@@LionTowercoporation huge gains! most finance youtubers said the housing market would be fine few months back, but its been a major downturn... mind if I look up the advisor guiding you please? in dire need of portfolio allocation
have my portfolio overseen by a US-based wealth advisor ''Colleen Janie Towe'' she's well established, and shows quite a great deal of expertise, you'd most likely find her basic info on the internet.
Thank you for the assistance. My finances have been in disarray, and I have experienced multiple losses in my 401k, IRA, and mutual funds. I hope that Janie can provide me with the guidance needed to rectify the situation before it reaches a critical point.i will check her up online
Wife and I live in Atlanta and have been talking about a move to central FL in the coming years. Given the real estate market ups and downs, we are just not sure when in the next 5 years is best to sell here, rent there for a year then buy , but this video helps us in that regard, so thanks for the video.
When I relocated from Jacksonville to Orlando, we didn't know the area that well so renting for a year worked out for us. I had to move quickly because of the job here with Disney. However, we were able to get a sweet deal on a 2400sf vacation home for only $1200/month - which was pretty good even 12 years ago. We ended up staying nearly 2 years in that rental before getting a great deal on a bank-owned (REO) property in the Hunter's Creek area.
New construction is the way to go considering the houses cost about the same as older versions of themselves in my opinion. Plus getting everything like roof, kitchen, bathrooms brand new saves money overall without needing to fork out money to update soon after purchasing.
It really depends. There are plenty of horror stories about contracts falling through and builders keeping all the earnest money over a technicality, then flipping the house and making a huge profit. Some of that has cooled down over the past year, but contracts are still _very_ one-sided. Read everything multiple times before signing your life away. Also, new homes have their own problems - like foundation settling and possibly issues with poor build quality with lower end builders.
Could it be people moving from CA and NY that can easily buy after either selling what they had for lots of money or renting it out to cover high interest rate mortgage payments in FL? I can't remember a time with such unfavorable lending and costs. Or can I?
I have seen an agent in Dr. Phillips who makes videos where she attends an open house (not her listing) and describes the neighborhood using language such as “safe”, “good for families” and “liberal.” Is this “puffery” allowed or considered ethical in Florida?
I have a feeling I’m priced out of relocating to Orlando from CT. Even when I see a townhome that’s affordable the HOA is crazy high and I’m afraid to know what homeowners insurance would be
HOAs are really all over the map. My HOA is only $22 per month (single family home) and we have an amazing community center with a huge pool and 2-story waterslide. HOAs and Condo boards for buildings are a bit different since they manage the building, landscaping, and amenities.
My main concern right now is just the issue with property and auto insurance, rates are starting to get crazy to the point it erases the benefits of not having a state income tax. We are considering relocating since I used to work for Disney and no longer (now fully remote). I have the ability to live anywhere with a good Internet connection and I really won't mind a change. However, I am a bit hesitant because I have an amazing rate locked in and my mortgage is lower than a 1-bedroom apartment in the area for a 2900sf waterfront home with palm trees. Decisions, decisions... Orlando has near perfect weather during the month of Winter (j/k). Actually, I like it here for about 3-4 months of the year (November - February). It's that second half of the year that is so oppressively hot and humid that gets me. I can understand why no one lived in Florida until A/C was invented.
Yes. Any political antics both DeSantis and Disney does will not effect the housing boom in Orlando, or Florida for that matter. Florida is a booming state along with Texas. 51.3 million of our 330 million Americans lives in these two states alone. Just don’t be a liberal sheep moving to a red state with way different cultural values. A lot of liberals that moves down here switch parties here anyways.
Thank you for assuming I’m a liberal sheep! Much appreciated, some of us have minds of our own and can think for ourselves while others blindly follow like sheep! Have a Disney day.
Yes, because there is more to Orlando than Disney. Even so, Disney isn't going anywhere anytime soon. It's not like they own a San Francisco sized area anywhere else. Disney might slow down or even stop relocating their Cali staff to Orlando. Some more conservative families are opting out of Disney as a result of their political involvement, but who knows if that will end up being a significant impact on their business long term. Other than that, Florida is an overall business-friendly state. I'd be more concerned about getting property insurance at this point.
515 on average for a single family home⁉️ 🏡😂🤣 Bruh...I hate the idea of the economy being crippled and my home city isn't even able to be lived in due to finances at the current time. A million will soon be the new hundred thousand 🤦🏿♂️
This is bonkers when you compare that to the average family income of $88k (which seems high) or median income of $61k. Someone is likely looking at a $3600/month payment (P&I, HOA, taxes, insurance) with a 20% down payment - which using the 3x rule means you should be earning 10,800 before taxes - or about $130k annual income - which is significantly more than either the average or median income.
@@JasonTaylor-po5xc A new form of classist gentrification to target the sliding middle class and transition it to poverty; if you ask me 🤷🏿♂️ Ever since I saw what they were doing to Paramore and downtown ,I was like "yup". Oralndo will be the new Houston or Dallas soon.
@@uhohcuzzo Unfortunately, I'm seeing this in many desirable locations. I'm considering moving to Colorado - and homes average another 150k to 200k more - depending on the area - especially around Denver. Perhaps in about 20-30 years, Tampa and Orlando will be one continuous metro area - at that point, you would be right.
Careful, if you buy in Florida you will not be able to get insurance for your home. Florida has one insurance company and they are not solvent. If you don't believe me ask before you buy. The insurance company ran from Florida lost to much money.
@@kenpozek Yeah. I have Farmer's for my home owner's policy. But, there are far fewer choices today - but only one seems like a stretch. My last company dropped me since they left the state so I had to scramble to find a replacement. Farmer's was the least expensive for me but still 2-3x higher than my previous company. Also, they don't offer auto insurance in Orlando so I had to get Progressive (which doesn't offer property insurance here). However, it is a concern worth watching.
I am looking for a new rental and I am a teacher and I want to be in Winter Garden. My budget is $2,200. Please contact me if you have a rental for June. I need to find a rental. Thank you
LOL - I was just doing some research with my daughter regarding living costs in the area and I was shocked how much rents have increased in the past few years. Heck, my mortgage is less than what a 1 bed apartment rents for today.
Isn’t it crazy how mortgage rates continue to rise with higher imports and declining exports? meanwhile the FED is yet to lessen cost. Something will eventually break if they keep raising interest rates and quantitative tightening
indeed the mkt & economy has gone berserk, price of great assets like real estate, dividend paying stocks, or gold never comes down easily, in my humble opinion, buy what you can afford today, and working with a financial advisor certainly helps
Right, since 2020 amid rona-outbreak, I've avoided the drawbacks of trial and error simply by FA assistance. I'm semi-red now, and only work 7.5 hours weekly, with over $600k pulled off after subsequent investments to date.
@@LionTowercoporation huge gains! most finance youtubers said the housing market would be fine few months back, but its been a major downturn... mind if I look up the advisor guiding you please? in dire need of portfolio allocation
have my portfolio overseen by a US-based wealth advisor ''Colleen Janie Towe'' she's well established, and shows quite a great deal of expertise, you'd most likely find her basic info on the internet.
Thank you for the assistance. My finances have been in disarray, and I have experienced multiple losses in my 401k, IRA, and mutual funds. I hope that Janie can provide me with the guidance needed to rectify the situation before it reaches a critical point.i will check her up online
Totally impressed with you and your team Ken! You are definitely a subject matter expert in real estate and great ambassador for Orlando!
Thank you sir! Trying to keep people informed and armed to make great decisions
0:30 Is that Pozek World HQ? The logo on the wall seems to match your tee
Indeed it is :)
great video! Love the content. Working on my channel so good to see 😊
Great insight man!
Thank You for your transparency.
Can you please make a video of the sub divisions that are booming and the ones that have started to decline?
Happy to
Nothing is declining
@@kenpozek ok awesome!
Wife and I live in Atlanta and have been talking about a move to central FL in the coming years. Given the real estate market ups and downs, we are just not sure when in the next 5 years is best to sell here, rent there for a year then buy , but this video helps us in that regard, so thanks for the video.
When I relocated from Jacksonville to Orlando, we didn't know the area that well so renting for a year worked out for us. I had to move quickly because of the job here with Disney. However, we were able to get a sweet deal on a 2400sf vacation home for only $1200/month - which was pretty good even 12 years ago. We ended up staying nearly 2 years in that rental before getting a great deal on a bank-owned (REO) property in the Hunter's Creek area.
Great content! Thanks for sharing!
New construction is the way to go considering the houses cost about the same as older versions of themselves in my opinion. Plus getting everything like roof, kitchen, bathrooms brand new saves money overall without needing to fork out money to update soon after purchasing.
It really depends. There are plenty of horror stories about contracts falling through and builders keeping all the earnest money over a technicality, then flipping the house and making a huge profit. Some of that has cooled down over the past year, but contracts are still _very_ one-sided. Read everything multiple times before signing your life away. Also, new homes have their own problems - like foundation settling and possibly issues with poor build quality with lower end builders.
Good afternoon Ken! ☕️☕️☕️ - amazing t- shirt ok 👍🏻
Are you still seeing new construction as the way to go right now? Are any builders covering points?
Could it be people moving from CA and NY that can easily buy after either selling what they had for lots of money or renting it out to cover high interest rate mortgage payments in FL?
I can't remember a time with such unfavorable lending and costs. Or can I?
I have seen an agent in Dr. Phillips who makes videos where she attends an open house (not her listing) and describes the neighborhood using language such as “safe”, “good for families” and “liberal.” Is this “puffery” allowed or considered ethical in Florida?
I have a feeling I’m priced out of relocating to Orlando from CT. Even when I see a townhome that’s affordable the HOA is crazy high and I’m afraid to know what homeowners insurance would be
HOAs are really all over the map. My HOA is only $22 per month (single family home) and we have an amazing community center with a huge pool and 2-story waterslide. HOAs and Condo boards for buildings are a bit different since they manage the building, landscaping, and amenities.
My main concern right now is just the issue with property and auto insurance, rates are starting to get crazy to the point it erases the benefits of not having a state income tax. We are considering relocating since I used to work for Disney and no longer (now fully remote). I have the ability to live anywhere with a good Internet connection and I really won't mind a change. However, I am a bit hesitant because I have an amazing rate locked in and my mortgage is lower than a 1-bedroom apartment in the area for a 2900sf waterfront home with palm trees. Decisions, decisions...
Orlando has near perfect weather during the month of Winter (j/k). Actually, I like it here for about 3-4 months of the year (November - February). It's that second half of the year that is so oppressively hot and humid that gets me. I can understand why no one lived in Florida until A/C was invented.
Average prices for Brevard county up 27% in March...kinda crazy
New construction Orlando - these homes are priced well vs buying used.
Glad our home is maintaining it's value. Orlando continues to boom
If you live on a lake, your house sells before it's listed.
Crazy out there.
Will Orlando be a good investment if De Santis keeps messing with businesses and Disney??
Yes. Any political antics both DeSantis and Disney does will not effect the housing boom in Orlando, or Florida for that matter. Florida is a booming state along with Texas. 51.3 million of our 330 million Americans lives in these two states alone. Just don’t be a liberal sheep moving to a red state with way different cultural values. A lot of liberals that moves down here switch parties here anyways.
Thank you for assuming I’m a liberal sheep! Much appreciated, some of us have minds of our own and can think for ourselves while others blindly follow like sheep! Have a Disney day.
Yes, because there is more to Orlando than Disney. Even so, Disney isn't going anywhere anytime soon. It's not like they own a San Francisco sized area anywhere else. Disney might slow down or even stop relocating their Cali staff to Orlando. Some more conservative families are opting out of Disney as a result of their political involvement, but who knows if that will end up being a significant impact on their business long term. Other than that, Florida is an overall business-friendly state. I'd be more concerned about getting property insurance at this point.
I’m just trying to find a reasonable, still available house near Disney lol
515 on average for a single family home⁉️ 🏡😂🤣 Bruh...I hate the idea of the economy being crippled and my home city isn't even able to be lived in due to finances at the current time.
A million will soon be the new hundred thousand 🤦🏿♂️
This is bonkers when you compare that to the average family income of $88k (which seems high) or median income of $61k. Someone is likely looking at a $3600/month payment (P&I, HOA, taxes, insurance) with a 20% down payment - which using the 3x rule means you should be earning 10,800 before taxes - or about $130k annual income - which is significantly more than either the average or median income.
@@JasonTaylor-po5xc A new form of classist gentrification to target the sliding middle class and transition it to poverty; if you ask me 🤷🏿♂️ Ever since I saw what they were doing to Paramore and downtown ,I was like "yup". Oralndo will be the new Houston or Dallas soon.
@@uhohcuzzo Unfortunately, I'm seeing this in many desirable locations. I'm considering moving to Colorado - and homes average another 150k to 200k more - depending on the area - especially around Denver. Perhaps in about 20-30 years, Tampa and Orlando will be one continuous metro area - at that point, you would be right.
@@JasonTaylor-po5xc They're talking about having a monorail of sorts straight to Miami, so that idea isn't farfetched.
@@uhohcuzzo I know Brightline is working on a quasi-high speed line from Miami to Orlando and eventually Tampa. I hope it is successful.
Careful, if you buy in Florida you will not be able to get insurance for your home. Florida has one insurance company and they are not solvent.
If you don't believe me ask before you buy. The insurance company ran from Florida lost to much money.
Hahaha well that’s false. But you seem confident
Yup insurance and taxes have doubled
@@kenpozek Yeah. I have Farmer's for my home owner's policy. But, there are far fewer choices today - but only one seems like a stretch. My last company dropped me since they left the state so I had to scramble to find a replacement. Farmer's was the least expensive for me but still 2-3x higher than my previous company. Also, they don't offer auto insurance in Orlando so I had to get Progressive (which doesn't offer property insurance here). However, it is a concern worth watching.
I am looking for a new rental and I am a teacher and I want to be in Winter Garden. My budget is $2,200. Please contact me if you have a rental for June. I need to find a rental. Thank you
LOL - I was just doing some research with my daughter regarding living costs in the area and I was shocked how much rents have increased in the past few years. Heck, my mortgage is less than what a 1 bed apartment rents for today.