NEVER buy into an HOA or condo... too many violations of your rights as a property owner.

@FraaaaaankRizzo

20 күн бұрын

Going to be tough to give them away let alone buy one.

@whimsicalchronicles8798

17 күн бұрын

fun fact HOA's can legally decide to evict you from your own house

@underground9260

16 күн бұрын

I agree, but good luck, not finding an HOA in the state of Florida. HOA are growing like crazy. The homes that don’t have HOA’s are either in dangerous neighborhoods or they’re out in the country.

@kimberlyplatt2382

7 күн бұрын

California is next.

@fedupamerican296

4 күн бұрын

​@@underground9260do you live in Florida, because I live in Florida and there are tons of nor hoa homes in FL. If you choose to live in a big blue city, you will pay for big blue city bullspit.

HOA fees in Florida, especially in the Tampa Bay Area, are insane! Some as much as $700 a month.

@Phi.D.888

21 күн бұрын

Should ban HOA, don't need another big brother watching over our back

@danielclinn

21 күн бұрын

It’s just another way to get money. These HOAs do nothing for you worth almost $9000 a year. I paid $65 a month for my HOA in Knoxville. They mowed my front and backyard, maintained the landscaping of my property, and maintained the pool which was open from Memorial Day to Labor Day. Worth $800 a year? Yep.

@neverender2308

21 күн бұрын

Looked at a condo in Tampa palms $750 HOA crazy

@truthteller88

21 күн бұрын

@@neverender2308 I checked the condo zip owned in Delray Beach. MIT is now $950. That is nuts.

@truenorthtarot8670

21 күн бұрын

Long as u keep paying it.👀

Florida has low paying jobs

@scottmcclure4153

21 күн бұрын

In some areas. I was actually shocked when one of his videos came not long ago. He was pointing out the houses market in Dade County. The average income was 71,000. So I asked my phone what's the income of where I live . Upstate NY. In Albany 31,000 is the average here. So he's not far off

@charlesphilhower1452

9 күн бұрын

A very large percentage of condo owners in Florida are retirees from other States with higher incomes.

@wwjccsd

9 күн бұрын

There’s also a ton of people from Venezuela, Puerto Rico and other countries that are stacked 2,3, or more families in a single family home. There have been people from PR who got down payment grants and then rent out the house they bought while not paying the mortgage, so the tenant is basically left high and dry. Add in all the fraud in Florida. A big reason home insurance rates rose is because so many people were abusing minor (or no damage) to get free roof replacements.

@fedupamerican296

4 күн бұрын

​@wwjccsd insurance companies told those people to replace perfectly good roofs if they wanted to get or keep their insurance. Not the homeowners, the insurance companies. Get rid of the middle man, and Americans will save thousands of dollars.

@charlesphilhower1452

4 күн бұрын

@@fedupamerican296 Usually when that happens it is not the insurance company paying for the roof.

Healthcare worker here and I’d never live in Florida. It’s absurd how little they pay in addition to no laws protecting you from abuse from employers.

The crash is due to the new condo law, after they hit a certain age they have to get recertified. To sell condos most lowered the HOA fees now they are extremely short on funds for maintenance, now they can't get loans as banks don't finance condos that are underwater.

@benAmerica

15 күн бұрын

Included in that are the special assessments that are now required for HOAs to keep in reserve.

Florida is a place to visit, not to live there full time.

@yorsan2240

21 күн бұрын

I live here

Bro, you need to have a package for the casual person who wants to see the data. $40 per month is steep for a data geek who is not a serious investor or person in the market for a house. Like $9.95 per month would be your sweet spot. 007

@takeastandorbeenslavedby-left

22 күн бұрын

Then you dont need to know

@MaryPoppins_yall

22 күн бұрын

Bro needs to buy a condo in FL ; leave him alone

@Lazlazor

21 күн бұрын

if you cant afford $40 a month and are complaining about it, how about find another job or learn to earn more money instead of crying like a baby?

@007stopjockin

21 күн бұрын

@@Lazlazor LoL, I NEVER said I couldn't afford it. I don't have a job. I don't need a Job. You don't know my situation, nor will you ever know my situation. 007

@Lazlazor

21 күн бұрын

@@007stopjockin LoL tell me you are poor without telling me you are poor.. LoL LoL LoL LoL!

Reventure you wear me out... You are in a different state everyday 😳. Thanks Bro👍

Every time there is a recession the first thing that falls in value is vacant land followed by condos. Homes are the last thing to fall in value. By the same token when things improve homes are the first to show improvement followed by condos with land being a distant third.

@chiarac3833

7 күн бұрын

The top of the market sees more of a cut than the bottom and the lowest priced properties never get back to the price they were before the bubble. I've been in Florida 30 years now and seen the fluctuations.

@erictoulon5946

7 күн бұрын

@@chiarac3833 they can generally afford to make the biggest cut it’s not uncommon for people to buy a property using an exchange to buy a property. If someone sells a property for a certain amount of money it’s not uncommon for them to exchange into another property or two with the proceeds from the sale. One woman I know sold a piece of property she bought for forty eight million dollars for twelve million dollars. She bought the forty eight million dollar property using proceeds from another property she had just sold that she originally bought for less than three million. There were a lot of really good properties available from the banking collapse she was able to pick up for change on the dollar. The lower end properties usually fall the furthest with economic downturns the people who buy them are most susceptible to foreclosure in the event of a recession.

I had a millionaire builder friend of mine who bought a bunch of Florida condos about 30 yrs ago I was astonished when he asked to borrow some money from me telling me he lost all his money on that one project !

@fedupamerican296

4 күн бұрын

Thanks you made my day.

Try renting its out of control

@privateprivate8366

18 күн бұрын

Yep, landlords want you to think you should pay for an apartment, what you do for a house, except that they own it and have access.

The change increasing the reserves HOAs are required to have is a major factor in increasing the monthly cost of owning a condo in Florida, along with increased insurance costs.

$10k was a tax sale not market price. You make it sound like Florida is a single market

@scottmcclure4153

21 күн бұрын

I think he's right. Houses were going for that price there in that mortgages crisis. I lived there.

@bluebird8691

21 күн бұрын

Looks like not to far away from the market price. My dad bought a condo for 30k in west palm beach in 2012. Initial price when it was first built in 2007 was 170k. He sold it for 140k in 2017 similar property in same neighbors was listed for 320k last year couldn't sell cut the price down to 240k. Crash is coming one way or the other when ppl can't pay their bills. Anyone who think they can keep up with paying 40-50% income on mortgage will either short sale or foreclosure their property in 3-4 years. I'll just scope it up like how my dad did it in 2012.

@mocifus13

21 күн бұрын

There are always distressed sellers who will give away their property at those prices but that’s not based on realtor magic and comps. That’s just someone unloading what they don’t want to deal with. 30k in WPB is fantastic. You can’t lose money buying at that price.

my hoa in south florida has DOUBLED and besides a pool we dont have any amenities.

@AssetAddict

22 күн бұрын

My boy, did the insurance double? How about the other expenses? You are an idiot if you live in a condo and don't know where your money is going. I know where every penny I pay gets spent.

@kopper7509

22 күн бұрын

Is the reserve not fully funded?

All i know is im not buying no box for 180k . You dont even get a yard. Wtf

@privateprivate8366

18 күн бұрын

Same. I’ve always lived in a 1 bedroom apartment, sharing walls, with people who don’t like boundaries. I’m gonna BUY the same thing and with a HOA? Nope! Just inherited a mortgage free home. I’ll try my hand at that.

@tjplaceholder8183

15 күн бұрын

​@@privateprivate8366 Wow congrats, you inherited a free house? Gokd for you tell us more or maybe contribute something to the conversation

Love your videos so much. You are awesome at this ❤

So home prices will only be up 5% and not 10% this year.

@wacio

22 күн бұрын

What if they are -10% instead of -5%

@SailorDoc

22 күн бұрын

@@waciodepends on the region. My neck of wood has been going down significantly past couple of months. I'm actually seeing houses for just above $100/sqft now.... I get price cut notice from zillow while they are predicting 1% growth ... those predictions are not very accurate.

@1Corinthians15.1-4

22 күн бұрын

It will crash. It's just a matter of time. With the American dollar going downhill, there's no way real estate will stabilize.

Let’s talk L.A, Miami and NYC

@melmel9096

10 күн бұрын

People in nyc and la get paid. People from Miami aren’t from Florida.

People are buying condos here in Tampa FL for $200k... I just think that is insane.

It amazes me that they were allowed to operate with no reserve. Make sure to fill the reserve on the way out.!

10k for a condo?! That sounds hard to believe.

@judyfabion8849

20 күн бұрын

Really!! $10,000. That's insane.

@sharmon1911

19 күн бұрын

May have been short sold or foreclosed..Im guesing

Housing without dirt is not Real estate. "You gotta have dirt" -Lex Luther

Dollars devalued, price of property in New York, los Angeles, Boston still competitive because millions of people need a roof

Condos have always been notorious to sell, but not quite as bad as mobile homes.

Another quick advertisement!

You forgot special assessment fees, the real reason ppl want out!

I have lived in South Florida for the better part of the last 30 years. When I moved here condos were dirt cheap. Now condos are as expensive as houses. But the condos lived the high life and most never invested in maintainance and those on the beach never got hit with massive insurance hikes until the last couple of years. It only took the collapse of a condo and the death of over 100 people do to poor self inflicted maintanance and the insurers waking up to how dangerous poorly maintained condos were in a high risk area to bring it all to an end. If condos had maintained themselves properly, along with higher HOA fees to do that, then this would not be nearly as bad as it is now.

Lived in Tampa / St. Pete for 7 years and left after the boom because I was able to finally convince my fiancé to leave. Tampa was fine for what it was - cheap, near(ish) the water, and enough to do to have fun if young. People flocking there like it’s Miami 2.0 is a farce.

Prices will drop masive ,Apt complex are been raided and they are selling so fast ...makes you wonder..

I’ll never buy a condo again. The HOAs doubled in 5 years to almost 400/month. Looking at the numbers it’s a complete scam. They had the yard guys out there 5 days a week! That’s a damn handout at owners expense.

I have lived in FL 40 years , there is no where you could find a condo for $10 grand 10 years ago . You may have found one but that was not normal even 10 or 20 years ago .

@boopy123

21 күн бұрын

Yeah it 💯% needed a bunch of rehab

@roidigitalggroup1721

20 күн бұрын

I'm someone that bought one in 2016 for $20k 2bed worth about $150k today funny thing 2bed room condo in Washington DC is $700k they don't want to pay $150k they can pay $500k in 10 years. yes you could of bought them for $10k you had to have cash you couldn't buy it with mortgage the banks were selling them left and right..That will never happen again. Houses don't go down they only go up just like the DOW or S&P

@brucealmqiist2055

18 күн бұрын

True

Depends where in Florida north of Florida center florida south Florida are all different markets

@larrysmith2123

22 күн бұрын

Its Florida get a grip Florida person its stinks

You should take a look at the house prices in New Zealand ,they are mental, why, I don’t know, like the rest of the world, it’s impossible for young people to buy a house now anywhere in the western world .

Condos are a ripoff! 🔥💣💰

Good thing BlackRock is buying it all up.

Let me know if the price of those hits 10k again 😏

Some of these owners are on crack

I remember a relative telling me a few years ago, that things were BOOMING in FL and they have a condo. Yes. Yes, they are.😓

in 2008 some prices dropped 50 percent. it can happen again.

@jeaninepereira3446

2 күн бұрын

I believe it will happen again too. But what about the insane hoa fees?

@user-jn9gv9ve6e

2 күн бұрын

@@jeaninepereira3446 i will never buy a condo or a place with hoa.

That apartment would be about $1mill in NZ. We're more fd than you

Most houses are second houses for the snow birds. It used to be cheap to have a little manufactured house there. Florida is the most bubbleicious of all housing markets.

if i see a 10k condo in florida im buying a couple of them

Best time to buy!

No inventory and highest prices ever and you call it a crash

If the condo costs more than $10 dallor it isn't worth it.

50k condo with 2k per mo HOA?

@FraaaaaankRizzo

20 күн бұрын

If it was free it would be a no go.

Apartment rentals are higher than n.j.

The whole market is a scam, how does a builder build a home, sopen 100k but the day its done they can comp it to other in the neighborhood that have been there 100 years and bump the price up to 500k. How tf does that work????????????

When they get to $50k I might take a look.

@boopy123

21 күн бұрын

That'll never happen unfortunately

@FraaaaaankRizzo

20 күн бұрын

If you got one for free you still have to deal with HOA’s! Lol

Is that Bradenton?

Royal Arms Condo? Looks very familiar

Only $180,000 for a condo that’s a great price that same condo up here in Canada in Toronto or Vancouver would be anywhere from $750,000-$1 million boy if I was a multi millionnaire Canadian why I’m Canadian I will be down there scooping up all those condominiums not all of them but some of them and they will become rental property

But there is a housing shortage?

Floridian can have all the condo they want . Condo not for me plus Living in a place that have hurricane 🌀 every year Is not for me either There are so many other state That alot better than FLORIDA .😅

I wish I could get a condo for $10 is purely in his mind...

Insurance was always the thing that would end Florida. People worried about climate change overlooked the insurance industry's habit of pricing in the future today. Home flooding the r/e market signal an exodus.

Where? Price in st pete and tampa are still going up

I think that’s a misprint or misinterpretation, no way did that condo sell for $10,000 No way

@wellthatescalatedquickly911

22 күн бұрын

They did. Check out Naples condo sales in 2010-2011. Selling 10-50k, now supposedly worth 250k. FIL bought one, should have sold last year.

@roidigitalggroup1721

20 күн бұрын

I bought one in 2016 you had to have cash and go to auction but they sold every day for that low during that time.

@roidigitalggroup1721

20 күн бұрын

I'm living in it now so yes its true those numbers don't lie thats county tax records

HOA's don't want to take care the grounds Many of these places are open for months.

750-1500 hoa a month ....eeeeesh.

Where are those ugly condos?

It will get worse.

Never buying a house or condo that has HOA, not worth the headache

@roidigitalggroup1721

20 күн бұрын

don't wan't to buy a condo for $150k pay $400 a month HOA then buy a house for $400k and pay $500 a month in property tax plus pay for your own maintenence you don't realize your paying it bc its in your mortgage.

Negative Nancy again.... Although, I somewhat agree...

If I bought it for 10k I’d just rent it out forever and never sell 1k per month gets your entire investment back in a year

are those corps typically in good financial standing or are you buying into a trap?

"They're not gonna get it".

Prices will never go down

@123pb

17 күн бұрын

Yes they will, in this case its more like going back to normal

@underground9260

16 күн бұрын

@@123pb with the amount of people relocating to Florida, it’s not gonna go back down to the way it was. Only if people start leaving the state.

@chiarac3833

7 күн бұрын

​@@underground9260people are leaving. Unfortunately many natives and long time residents are affected, but plenty of folks come for a few years and then leave when they see it's not their thing.

They are not going to get anywhere near $187,000 …

This is why you buy a house with no HOA. No ability for the HOA president to award contracts to his brother in laws LLC. then when the HOA needs more funds, they just jack up the Fees and you cant do anything about it except pay 8% of your house value to move.

@tomdalton4293

20 күн бұрын

It's impossible for condos to operate without some sort of HOA

@BarryObaminable

20 күн бұрын

@@tomdalton4293 thats why you buy a house that has no hoa. thus, no condo.

@tomdalton4293

20 күн бұрын

@@BarryObaminable true

Takeing money from the people and then wondering no one has money for rent / buying 😂

HOA sucks.

Plus the condos are in bad shapes 😂

Too many slumlords own those condos.

lmao 4 yeas of crashing

Florida sucks. It's hyped for no reason

Nothing is crashing in Miami lol.

@underground9260

16 күн бұрын

Miami is the new silicon slopes. In the next 10 years, I wouldn’t be surprised if the average home there reaches $1 million

NO NO to Florida.. I wouldn't live nor visit Florida 💩💩💩💩💩💩💩💩

He keeps talking about a crash….

@miltonaldridge4170

22 күн бұрын

20% crash

Dude, can you give up on the negativity - can't you find good real estate in the US? If I listened to the likes of you 30 years ago, I would never have invested in real estate. Your vids are interesting but the doom and gloom is overwhelming - are you just looking for subscribers?

$187k is cheap and the homeowners insurance is included in the HOA fee there knucklehead.

@karencolangelo5220

21 күн бұрын

Homeowners through HOA covers outside of dwelling. Condo owner has to have insurance for anything inside dwelling

No one wants to live in Florida

🎉Real Estate 2026🎉

Lie

Hottest part is condos increased in price by 100% the last couple years😮

If it’s not south Florida we don’t care

@scottcollins141

22 күн бұрын

If it is in south Florida we don't care

@larrysmith2123

22 күн бұрын

still Florida

A condo for $10k where do I sign ❤up

@beyondthesea9648

22 күн бұрын

In a time ⏲️ machine!

@007stopjockin

22 күн бұрын

Fr!!! 007

I watch this channel mostly because this guy is so good looking

@jenghiskhan69

22 күн бұрын

Ur zesty as hell

@AssetAddict

22 күн бұрын

That's super gay.

@AssetAddict

22 күн бұрын

Bordeno guy is better looking from what the internet says. Both are Fear Bros.

@JayZ-to6up

22 күн бұрын

Not gay myself, but I gotta admit, he is a good looking male specimen. Damn it, does that make me gay now?

@truenorthtarot8670

21 күн бұрын

Uhm I'm saying ya

Because Altamonte springs is a terrible part of central Florida and Condos have always been a hard sell. No one wants them. This guy has no idea about the real estate market in Fl.

@Eric.1I37

22 күн бұрын

2008

@matthewegert8339

22 күн бұрын

@@Eric.1I37 Eric what cause 2008? We don't have bad loans going to collapse the market. We will never see that happen again I promise you. If you don't own something soon you will own nothing in the future and in 30 years you will have a $8,000 rent payment and I will have a fully paid off home.

@karmaisreal261

22 күн бұрын

@@matthewegert8339lol you are so smart 😂

@williamwilson6499

22 күн бұрын

@@matthewegert8339”I promise you” 😂

@Eric.1I37

21 күн бұрын

@@matthewegert8339 LOL

NO SHIT SHERLOCK HOLMES. FL IS GOING TO BE TANKING IN MORE WAYS THAN ONE