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The only area Florida is cheaper than Cali is housing/rent, but now not by a ton. Everything else is either the same or more expensive in Florida. Insurance for sure is more in Fla, think food is too. Florida has become very expensive, not a bargain any longer, plus insufferable humidity and bugs. Low humidity, low bug Cali is the real paradise.

We have a Florida real estate broker of over 25 years in the family. She would easily confirm that the market is all but dead. The current listing prices are way too high. Insurance and taxes are insane. The deviation between median income and median home prices is simply too great to bear. How many working people have 3.5k after taxes to pay for an average home in Florida?

I'm in Chicago and Ive been reading a lot about builders of complete neighborhoods walking away from unfinished projects in Florida to cut their loses. Apparently the migration to Florida has settled and certain builders have overestimated the demand.. Normally I would brush that off as something probably isolated to one county or city but then I saw a list showing 5 of 10 of the fastest depreciating places are in Florida .. I can't speak on anything but I'm just throwing that out there..

many condos will see huge assessments coming their way as buildings look to remain compliant with the new surfside bill. Property insurance, or the lack of getting one, should also be a deciding factor when purchasing real estate in Florida. Insurance premiums alone, and the changing climate conditions are driving people to sell.. Plenty of new construction and congestion taking its toll. All things to consider.. Florida no longer what it used to be..

Realtors still “unsure” if the market is crashing. Meanwhile all houses in my area are sitting on the market for months and prices are being reduced like crazy. One I’ve been monitoring was reduced by 100k!

The inspections will become the next scam. Think about it. If the crooks want to generate monies all they have to do is generate a bad inspection report and the condo owners are stuck paying. A scam for years to come.

No one wants to buy a condo or hoa where you are subject to a 100,000 special assessments at will. 300,000 dollar condo is really only worth 150,000 due to an expected 100,000 special assessments fee.

This lady reminds me of The Big Short. It's just the gulley.....it's just the gulley

she thinks NPR is right down the middle....hilarious!!

People in Miami Beach are paying $200,000 dollars in assessment. That's ridiculous👿👎. On top of 1500 dollar dollars a month.

It’s because investment companies have continued to snatch up homes. That’s what is causing the demand.

And soon facing what weather experts say may be one worst hurricane seasons on record , and another hurricane like andrew hits , that will exasperate the end of already nearly unaffordable homeowners insurance as even Florida Governor Desantis has said citizens( alternative government insurance for hard to place risks ) is nearly insolvent .. so the question is this may be what is the " last straw" before the crash .. and florida homeowners and what's left of insurers sell for what they can and flee florida

The bubble is bursting!!! Total crash in home prices...

Where in Florida the market is crashing 😂😂😂

Good! Don't let the doorknob hit you in the ass on your way out.

Actually, one individual leaves as two take up residence. The states overall population has increased simarly for 5 decades. Florida still draws thousands to be relieved from high taxes and to find milder weather. However, your value to employers will determine your income and its expese here. We have several friends here who wished to relocate to other states but found that expenses and home housing costs were as expensive, and building restrictions made it impossible to relocate. The grass is not always greener across the state line!

I’m still seeing 2000 sq ft houses in rural Parrish FL going for $500k to $600k, which is just crazy high.

Why are people selling? Is it high crime locations?

Single home for sale by owner HOA 52% monthly no realtor involved on zillow FSBO (1074 hamlet dr maitland Fl )

Don’t listen to her. Condos in Florida is a joke. Florida used to be affordable. Not anymore. Prices is Florida will drop 30-50%

Dummies should have bought bitcoin!!!! Not overpriced Florida real estate. You guys had it backwards…again.

Another person who has no idea what she’s talking about

Nicely and fairly done! Summers Suck!! Insurance prices are going up exponentially. However… I’ll never go back to the people’s republic of NY. We’re here for life.

I love these videos. These people seem to think that the housing markets gonna bust. You’re trying to force the housing markets to bust yourself, but it’s never gonna happen. It’s done welcome to the million dollar homes it’s never gonna change.

Nope, prices still good in Bonita. Building strong

Great video (as all videos done by Katrin). Personally I am not looking to time the market and get the house as cheap as possible. All I want is a perfect forever house. Finding an agent that will listen and actually find what I want (as opposed to trying to just make a sale) is what I need. For sure will be reaching out to Katrin soon (just need to figure out the timeline for the move).

I think the giant confederate flag at the entrance to the state should tell you about the intellectual acuity of its residents. No thanks

Lived in Florida for 8 years due to job transfer. Counted the nano seconds til I could escape. Thinking of moving here ? Do this test first, sit in a sauna for 24 hours and if you find that enjoyable then go ahead and move

Why any woman would vote for a Republican just amazes me at the stupidity

Thanks Katrin for your expertise ❤.

Florida isn't worse than any other place worth living in. It's expensive everywhere!

Wow, how will average locals survive? Rich people only? A a deep correction or crash would be a good thing. Not doom. Condos are going down. Declines take awhile and its logical to assume it will. If it doesn’t , FL will be the new California. That is doom and gloom.

It’s the economy.

Thank you for being the first realtor that I’ve actually seen acknowledge that a hurricane hit Cape Coral and that’s why that anomaly exist

Its all about JOBS JOBS JOBS. Unemployment needs to spike to ar LEAST 7% for any meaningful price declines.

my view, world is a different place than in 08, men couldn't have babies back then. Inbound migration has not stoped, slowed, but not stopped. Bordain said it best - good is good forever. Good homes will stand out in a high inventory market and still go, Sure, there maybe 4000 SFH listed, but after you narrow them down to what you want, maybe 5-10 and those 5-10 will go fast and go high.

Florida Real Estate: Pessimists selling to optimists

Biden had been president 4 years and not helping American get worsened, he getting worse for himself how can he help a American

So let me get this right what happened during the pandemic was an outlier. Now time to sell is back to pre pandemic levels but the massive appreciation will stay. We are at the lowest volume in 30 years. Florida is not okay. Trying to use the median prices when volume is so low is useless.

If anyone thinks the whole entire state of Florida prices will come crashing down, you’ve lost your mind. So you’re telling me I can get a home in delray beach or Jupiter for half off ?? Really 😂😂😂😂. Every market is different. A lot of these areas have people with too much money for this to happen. The institutional investors will snatch them right up and bid the price up

Built in 1950s. Concrete foundation. NO CENTRAL AC. 651 square feet, purchased for 35,000 in 2001. Being sold in 2024 for 200k😂😂😂😂 Reduced by 30k for 170k. Small town Florida. 2 hours from nearest beach. Its insanity.

Silly Topic. Florida is the only state that DOES NOT SNOW, nothing is going to stop the inevitable over population of this state. You cant keep wealthy people FROM FAILED STATES like NY and California out of Florida. Small waves of Volatility maybe, a collapse is doubtful, the Hurricanes would have to get way more extreme to keep people from coming to Florida.

97 degrees is a joke. 125 in Arizona

Is is NOT warm past Orlando year round. It gets in the 40s in north Florida even Daytona

Everyone is talking the same smack the doom sayers we’re talking not that long ago and that hasn’t materialized. I call BS. The current numbers don’t do anything but support a continued strong market. 5-6% down vs a year ago is nothing and inventory isn’t going to increase. approximately 77% of homeowners are locked in with a rate at 5% and below. That’s going to keep inventory tight, who wants to swap a 4% mortgage for 7% one?

Buying property in Florida with all these floods and major insurance hikes (if you will even be able to get it in a few years) is highly irresponsible.

Same thing that happened in 2007,08,09 u will have alot of people scare they will sell and within 3 to 5 years the prices will go up right again ....... u think these improvements are not implemented for a reason. These equity firms and hedge funds will buy up everything and remember they are maximizing their profits they won't put themselves in something that will fail

Anyone want to buy a $2MM home that was just $500K 2-3 years ago? There are plenty available. We remain in the biggest flipper and investor driven bubble in history

Ofcourse you are biased , you want ppl to buy bcs you are a realtor

Also rents are slighly decreading in many places in Florida