Very informative thank you

Nick. Great Video. I would be great if you could do a followup video on this area and talk about how sink holes effect home value in this area and the insurance risks and costs. Along with sink hole threats it would be helpful to talk about the weather threats and how they drive real estate value, insurance costs, and how the types of construction techniques mitigates these risks.

@jeramygrajiola1544

3 жыл бұрын

Not in Tampa or clearwater. It's better then Miami and Orlando that are sinking and flooded . Hurricane don't really hit tampa area

@robertastone7155

2 жыл бұрын

Yes - when I live in Brandon about 4 years ago, a man in Seffner lost his live when a sinkhole consumed him while he was sleeping. Yes - sinkholes are a BIG issue in Hillsborough County!

Hi, thanks for the effort you put on making this videos. Could you analyze the Miami market just like you did Tampa ? It would be extremely helpful. Thanks

Pinellas County here. Moved to the area in 2012, rented until 2019 when we bought our home below market because we bought it from the owners. Our house has gained $100k in value this past year when compared to the market value it was evaluated at when we bought in 2019. It is crazy.

Very informative video.Thank You.

Can you do one of these on the Palm Beach and surrounding Counties. What a great video!!!!

Thanks for your insight.. Patiently waiting for stabilization and a cool down as we're looking to move to The Villages.

Excellent presentation. Thanks.

Great Video! Thanks a lot...

Can you do the Palm city/Stuart/Port Saint Lucie area?

I have lived in So Cal 38 years and the so ca vid was spot on !

You are good! Your data is so thoroughly!

I love this guy, great data!!!

Excellent info, thx. Interested in one on real estate in Georgia OUTSIDE of Atlanta…such as north and South Georgia.

I'm looking for a home but cannot afford the high prices 😫 thanks for sharing this video.

I'm in knee of the magenta zip codes that you highlighted in St Petersburg. The areas closest to downtown have really becoming younger, but the remainder is quite old. This is such great information. I want to buy an investment property, and this gives me some additional food for thought.

Hi.. this is a great video. i specifically like your analysis by zip codes.

Great video. Can you do a deep dive on Raleigh, NC or Columbus, OH?

@Beadyboyplayz

2 жыл бұрын

I also need this

Hello NIck Thanks for the great info. Where could I get some of the graphs or maps that you used? Id like to study

@ReventureConsulting

3 жыл бұрын

Thanks for the comment Jewel! I provide access to the data in 1-on-1 coaching sessions. If you are interested head to my website and submit a contact form!

You open my mind to new world, “ what you need to know before buying a house, what you need to look first”

This is a great video and lots of great info. However a huge factor that is lacking in this video is the fact that Pinellas County specifically, but all of Tampa is HUGE on vacation properties and 2nd homes and how this affects the market.

Considering lots of jobs are permanently remote, lots of people are relocating to FL to enjoy no income tax, great weather, area and freedom. I moved 6 month ago to Tampa (Love it!) and 2 of my colleagues are about to move from NYC. Also, wait for VR to enable seamless virtual meetings and collaboration... there will not bee any need to go back to office (few exceptions) Thats why prices keep growing.

I bought a house in Pasco Co on May 2021, it took me 3 months, over 70 views, and 12 offers to find that house after battling daily with sellers that where asking way too much over the market value. Completely crazy and unfair for a VA loan contender. I was lucky to get my house for exactly the same amount of what the appraisal was and in a great area. I was scared and didn't want to be in the hole especially if the market goes down. My realtor was pulling his hair off with all the madness but he did a great job and continued the battle till won.

@JoJo-ps4ml

3 жыл бұрын

I'm Currently looking in Pasco County. Also a VA Loan. It is insane right now. I may wait a year or two...If history teaches anything...Most homes sold right now will be underwater 2 years from now if 2008 repeats itself. Then I'll buy.

Thanks for the info! Looking to relocate from Boston.

It would be great if you could cover Sarasota county Florida.anyway greater talk about Tampa area. Thanks

Looking to buy in the area, so thank you for info. Coming from Ky I know nothing about the area!

Housing and Rental Apartments are at astronomical prices leaving many people homeless and mortgage/rent poor!!! Compared to the wages paid in Florida, this makes it extremely difficult for native Floridians to live. The problem is the investment and northerners purchasing property, reducing the availability for the people that actually live here year around. The rich and wealthy are buying up all the property. New apartments are being constructed but they are unattainable and unaffordable for the normal wage earner in Florida! This is leaving many people homeless, unable to buy and rent any housing! This also affects the elderly population, that are finding it hard to survive and live a comfortable life here in the Tampa Bay area. This is so so so sad! I myself am in this situation, it has not always been this way here. Places I have rented in the past have tripled in rents! Home prices have priced me out of even ever buying another home here in the Tampa area! Looks like I will have to move to another state!

@wardhively1856

3 жыл бұрын

It is sad to read this, I see it every day😔

@AreU4Real1

3 жыл бұрын

I worked hard my whole life and have taken care of my family. You blame northerners. That’s absurd. People from all over including Florida are buying homes. What does complaining on KZread do for you? Work harder/ smarter and take care of your business just like the rest of us.

@leekh-a3933

3 жыл бұрын

@@AreU4Real1 bs !!!! I’m a native Florida from manatee county , we literally just broke a record for people moving into the Lakewood area and now the number 1 place to moved to . People from California n New York are coming from high paying wage area and buying up everything. Our county roads can’t even keep up with the demand . It used to take me 20 minutes to get across town now it’s a hour+ . The houses market is so bad that people are selling home for triple the price!!!!!! You can’t find a 4 bedroom house without seeing a 450k plus price tag! . They’re building new cheap neighborhoods and apartments on every road now and most apartments are 1500 and up specially the new one . The cost of living has sky rocket so fast but wages haven’t moved yet with our local area

@AreU4Real1

3 жыл бұрын

@@leekh-a3933 sure thing Spanky

@caroletta451

2 жыл бұрын

This was actually beginning three or more years ago! We lived in Palm Harbor/East Lake area. Northeasterners were moving in as cash buyers driving up the prices. We ended up leaving the area to go back to the Midwest. We now live on six acres in the country. We loved Tampa until we didn't anymore. It is really too bad...we had hoped to retire there. No more. So much building is displacing the poor wildlife. Really is too bad...

Thank you for this info. We decided to wait on buying again. We bought in 2007 before the bubble bust and had to wait extra 2 years before we could sell and move to Florida. Don't want to be in that position again

@ReventureConsulting

3 жыл бұрын

Thanks for the comment and insight Fred! Buying at sky high prices can be very risky.

@robertastone7155

2 жыл бұрын

@@ReventureConsulting Yeah...and you should be truthful to people about the real estate market in Tampa.

Great video 😊 any link to your map you have with the zip codes and where to avoid ?

@ReventureConsulting

3 жыл бұрын

Thanks for the comment Alexys! I provide access to maps and data in 1-on-1 coaching with clients!

Good information here. Thanks. How about Orlando?

Interesting video I've been waiting for. I stopped looking for a house to buy weeks ago. My rent in 2017, 33635 in fact, 1 bedroom, $950, now, 33647, $1400 up. Houses I was looking in 2019, $160K, now $340K.

@iwearpolo1

3 жыл бұрын

Yeah I’m a agent and I told all my friends and family to not buy now at all

@jeffferguson69

3 жыл бұрын

It’s crazy here in Tampa area😳

@jacobvahram3269

3 жыл бұрын

@@iwearpolo1 mistake and why ? if the properties condos or houses are waterfront they will appreciate for the next decade why ? no inventories + no new building licenses for water front condos in particular waterfront houses will be in millions so look and concentrate on condos i bought in 2005 several waterfront condos and till today i barely reached what i paid for them 1050 sqft 350 K zip 33707 now where is the appreciation of 16 years ? inland appreciation is between 3 to 5 % and waterfront appreciation is between 6 to 8 % a year you make the calculation OK listen to me buy waterfront properties zip code 33706 /33707 /33708 /33715 and do not worry a bit they will only appreciate as long as there is demand and no supply

Excellent video. I lived through the crash in 2007 but in fact sold my home and made money before the market hit rock bottom. I lived in Westchase which is a large planned community northwest of the Airport. Will you be doing an analysis on the Sarasota area as well?

thank you

Great video and info...would love to know the demographics of home buyers in Pinellas county and if there is a history of a trend of younger home owners in Hillsboro county moving to the Gulf when they can cash in on the equity of their homes. I guess the question is when migration slows and bubbles burst do inland locals move toward the gulf since they are not competing against migratory or investment dollars?

He’s 100% right I lived in Clearwater for half my life the whole town goes to sleep by 7 o’clock I’ve lived in Tampa for the past seven years it doesn’t sleep it’s so clear all people run Pinellas County young people run Hillsboro county

Great video and information. Appreciate the work you put into it.

@ReventureConsulting

3 жыл бұрын

Thank you!

Can you take a look at the Northern Virginia (NoVa) area, specifically Arlington and Alexandria and also Wash DC?

@ReventureConsulting

3 жыл бұрын

Did DC two months ago! Check it out!

This breakdown is rad. Did you back test your homeowner age theory? I follow the logic that you use. However, does it hold water when you look at previous stats?

Venice area the prices are crazy high also for terrible homes.

I am a new subscriber here and appreciate the granular quality you provide. Excellent analysis.

@ReventureConsulting

3 жыл бұрын

Thanks Jim!1

My rent just got increased from 1544 to 2048. 2 bedroom in Pinellas. Not even a super nice complex. Insanity.

@dino_botsdino578

3 жыл бұрын

Everything is going up now in Tampa, majority of people from NYC, California, Arizona, New Jersey, Chicago.. are moving to Tampa.. that's why the market is going crazy .. I was trying to find another apartment in Tampa and the waiting list goes to November or December...

@jeffferguson69

3 жыл бұрын

My one bedroom that I pay 1560$ in Clearwater is now 2125$ for new leases

@Trtevoorryu

3 жыл бұрын

@@dino_botsdino578 I have no clue why everyone is moving to this area. The summers are depressing with the constant afternoon rain.

@caroletta451

2 жыл бұрын

@@Trtevoorryu Horrible traffic and horribly hot, too!

There’s only a limited amount of coastline with all the great experiences you can have here in St. Pete, ChampaBay for example.

Living in Tampa, definitely waiting at least 2 years to see how the market goes because it's very inflated right now.

@awc2305

3 жыл бұрын

You are right. Homes in my area that are 1100sqft are going for 300k

@randallhurst8211

3 жыл бұрын

A house next door just sold for 350,000. In 2012 the house was on the market for 37,000.

@Alwaysbeclosing1774

3 жыл бұрын

I'm down in South Fort Myers and I hope it doesn't take 2 years for the Market to correct it's self. Hopefully by January - Wishful thinking but it just seems so crazy right now.

Do I buy or hold on a New contruction in Hernando County. Thank for the great content.

Nick, can you do a video on the risk/reward comparison of the different types of housing units ie condos, townhome, single family detached house, etc? I am wondering if I should sell my townhouse.

@ReventureConsulting

3 жыл бұрын

Thanks for the comment! Interesting idea for a video. Will consider it! High-level: condos are riskier than homes/townhomes because their value proposition compared to luxury apartment rentals isn't very high. They also come with hefty HOAs a lot of the time.

Good video

Any insight on Jacksonville? Thanks

Bought a town-home to live in with my wife back in March 2020, it is in the 33609 zip code. This video is making me even more happy with my purchase then I already am. I hope to either rent out the property in the future or sell soon to realize the very sizable appreciation I have, based on comps in the area.

Took a job in Tampa and just pulled into town last week! Looking to buy somewhere north of town like Lutz, Land O Lakes, Odessa, but at these prices it will be rough.

Thanks for the Great info😊

Great Info & Videos... What is your take on The Villages of Florida? Much growth and expansion taking place there. I would be very interested in your thoughts. Keep up the great work... it's much appreciated. Thank YOU! C

@caroletta451

2 жыл бұрын

Highest STD in the country! Hard to believe with all the old folks! That is what I think of when I think of The Villages!

I would be curious to see net appreciation over the past 20-25 years for each zip code. That’s a more accurate figure to project future appreciation and depreciation.

@montana727

2 жыл бұрын

Do you really need that much time. The video is looking at high rates of app. in the near term as an indicator of which areas will drop the most if a market correction occurs. In that situation you would only need data from the past 5 years to know were those areas are, not 20-25 years.

I'm confused. I watched your "AUSTIN Housing Crash Imminent + Big Bubbles in 5 Cities" video where you said Home Price v. Rental Rates are a solid indicator. Tampa's was around 2%, which you considered low. Is the HP v. RP not really that effective?

@arkzyFn8

3 жыл бұрын

I'd love to understand this as well. I just watched the Austin one. Tampa seemed to be in a good position relative to that information, but he predicts a 20% loss. Rents are definitely more than mortgages

Have you done in depth in Sarasota county, specifically downtown and the beaches?

Born and raised in Pinellas County and now live in Hillsborough county. Bought a house at the very end of 2015. The value of it has skyrocketed in that time. 68% growth in 5.5 years. Just remarkable.

What is this website with map of home price appreciation?

Great video but you should have added Manatee and Polk County. Those two counties are bigger stakeholders to Hillsborough County than Hernando. Side note, the Tampa Metro is an awesome place to live but it is not for everyone. It's a love/hate type of place. As for buying strictly for investment, it is no different than other areas. But yes, this area got hammered in the last bubble so buying beware.

@ReventureConsulting

3 жыл бұрын

Thanks for the insight!

@william-fla-321

3 жыл бұрын

In Florida, the more you go South, the higher the property value.

@Watermelon_Shuga

3 жыл бұрын

@@william-fla-321 only along the coast. Bartow and Okeechobee are inexpensive.

@william-fla-321

3 жыл бұрын

@@Watermelon_Shuga True

@caroletta451

2 жыл бұрын

@@Watermelon_Shuga Not sure who would want to live in Bartow? :(

What about low supply and homes being bought by investors keeping supply low

@Jordan64852

3 жыл бұрын

Supply and demand as a natural force is a myth there are millions of empty homes in America they just aren’t for sale driving the prices and you know once the Bubble pops it’s going to continue

@robertastone7155

2 жыл бұрын

Yes - the GREEDY investors buy up most homes and then sell or rent them even higher just by spending a few thousand on cosmetics. Where is the regulations?

@hecarmaldonado

2 жыл бұрын

I do believe homes vacant do exist, however being that Location is most important, places that are in high demand will always have less inventory avail. Tampa is one of the fastest growing cities on the east coast

@caroletta451

2 жыл бұрын

@@hecarmaldonado Tampa is on the West Coast.

@hecarmaldonado

2 жыл бұрын

Correct @@caroletta451 of florida. However I was speaking in terms of the Whole U.S.

Nice vid. Can you coment on lee county fortmyers florida..

I paid 68k for my house. It's worth just under 200k now. Would love to cash in, but of course moving anywhere else will cost me so doesn't make sense for me to do anything.

@ReventureConsulting

3 жыл бұрын

That makes sense! Many are in a similar position to you. It will be interesting to see how this attitude changes once prices start declining.

@alden2826

3 жыл бұрын

What the hell... sell and go rent somewhere? Get that $$

@thedude2897

3 жыл бұрын

@@alden2826 Why would I rent when rent around me is twice the amount a mortgage would be? I own my house flat out. Why would I want a bill?

@alden2826

3 жыл бұрын

@@thedude2897 do you own any rentals?

@thedude2897

3 жыл бұрын

@@alden2826 I don't

Love the maps. I'm I'm one of the areas that has appreciated greatly. Bought at good price almost 2 years ago. Should I sell and wait for a better area.

@ReventureConsulting

3 жыл бұрын

Thanks for the comment Anthony! The question to sell is a very personal one related to your family situation, preferences, and personal finances. However, the price of homes in Tampa is an all-time high right now relative to local wages.

Have you done a video similar to this one for Sarasota County?

Please do a similar video on Palm Beach County Fl. Thank you

What tool do you use to get the data for those awesome graphs?

@paulcognetti355

2 жыл бұрын

Yes! I’d be interested in this as well

We asked and you answered👍🏾 Thanks for taking a look at Tampa. I bought in Zephyrhills almost 5 years ago. I have almost $100k gain in today's market. I'm not sure if I should sell/hold and buy again in a year or 2 or sit still for a while and not be greedy. Thoughts?

@RaquelX305

3 жыл бұрын

I’m going through a similar situation In Aventura.. But I love my home and it’s location, so I’ll plan to sell in 10 years during the next sellers market after I’ve paid the house off.

I am in the Tampa area(seasonal) ,migration and demographics do play a big role but migration is slowing and one bad hurricane season will slow it further.

@wallmartishable

2 жыл бұрын

So true. I read somewhere that typically every 10 years there is a big weather event that causes a mass migration OUT of Florida and somehow we missed that last 10 year iteration. It didn’t happen. So we have those people still in the mix.

Great INFO I think Cape Coral FL is going Bust in 18 months

What software are you using to get all these data?

Great info! I'm looking at buying a second home in NE St. Petersburg's area zip 33702 or 33701. This area is expensive compared to other area zips. Prices have increased 20% recently. Question, if a real-estate downturn is coming do you think this neighborhood will also see devaluations in the coming months/year? The neighborhood is in high demand and unique in terms of location and neighborhood look and feel.

@ReventureConsulting

2 жыл бұрын

Thanks for the comment, Stefano! I'm not sure on that specific location. But more generally - when a crash hits, everywhere in a metro will be impacted. But it's the areas with combination of 1) highest poverty rates, 2) biggest surge in appreciation, and 3) most new building that get hit hardest.

I bought my home in Tampa in 2016. It was one of the cheapest homes in my area, and was already at the upper limits of what I was approved for. It has nearly doubled in value since then, but my wages have only increased slightly. I couldn’t even afford to rent in my own neighborhood if I had to start over, let alone move into a new house. I’m basically stuck in my house.

@ReventureConsulting

3 жыл бұрын

Thanks for the comment Dan! It's interesting how many people who bought 3-4 years back keep saying "I couldn't afford to rent/own today".

@DanRichter

3 жыл бұрын

@@ReventureConsulting I have a few older coworkers who make less than $20 an hour living in $600k+ homes in south Tampa, only because they bought their houses back in the 90s and have been trapped there since.

@martincstee5335

2 жыл бұрын

@@DanRichter Then can they keep up with the ever increasing property tax?

@DanRichter

2 жыл бұрын

@@martincstee5335 I mean that’s relatively little, maybe $400 per month or less with Florida’s homestead exception.

Can you report on the Denver Colorado market? Thanks

@colintinker6949

3 жыл бұрын

It’s sucks 😂

Do an update on this one please!

Keep building like in Southeast Florida (Miami, Broward & Palm Beach Counties) and pretty soon water will be a premium. And the result of draining the aquafer is salt water intrusion and more sinkholes in Central Florida. And traffic. Massive traffic problems like Miami and Broward.

I'm moving to Tampa soon. The rents are outrageous now. The house prices are even worse. I will be renting for now.

@donshah1709

3 жыл бұрын

I'm almost complete with my duplex build in Ybor. 3 bedroom/2 bath. Let me know if you're interested in renting one unit!

@walkerhall9243

3 жыл бұрын

@@donshah1709 hey I’ll take a look how much is it

@hz1056

3 жыл бұрын

Rent is crazy......... Fiances been in Tampa for 2 years. Her first one bed apartment which was undervalued but new she was paying $1250. After 15 months it was raised to 1500-1600. She stayed in same apartment complex and downsized to a studio which is currently $1250 but is going for 1600 now for new incoming residents. I move in with her in about 7 months from Htown and it looks like her old one bed that she paid 1250 for 1.3 years ago is now 1800 plus. We can afford it as we both have decent good paying jobs but I was expecting close to 1500 or so for a one bed.

@mikatalk6025

3 жыл бұрын

@@hz1056 Wow- just curious what location of tampa is this? I'm in the Riverview area myself.

@hz1056

3 жыл бұрын

@@mikatalk6025 South Tampa about 10 mins from the base.

where can i find this map that has the zip codes, value of 2016. value of 2020 and growth %?

Great content and insight. Nobody’s talking about how these new homeowners are not going to be able to afford their higher escrows payments when their taxes and insurance adjust. The property tax reassessment rates of these new sales are going to be through the roof. Also homeowners insurance is increasing big-time. These new homeowners are going to be shocked when their escrow payment goes up $400 - $500 a month next year. The average first time home buyer can’t afford that.

@ReventureConsulting

3 жыл бұрын

Great points Andrew!

@reneemaimone5863

3 жыл бұрын

What substantiates the hike next year? What makes you certain?

@andrewschmitt4898

3 жыл бұрын

@@reneemaimone5863 any time a property is sold the taxable value is reassessed. If home values are going up so are your taxes. Lenders calculate escrow payments based of the previous owners most recent tax bill. My current property tax bill is about $3200. If I sold at market value today (about $375000) the county estimates the taxes will adjust $4,997.91- $6,012.76. My insurance went up about $1000 this year. The Florida insurance market is a mess right now. A lender will adjust an escrow payment by the increased taxes & insurance and the short fall in your escrow account. Assuming my home’s scenario, the taxes and insurance increase by $3000. Lender will adjust the escrow payment by about $250 monthly and about $250 monthly to make up for the escrow short fall for not estimating the increased taxes and insurance. This is going to catch a lot of buyers off guard especially ones who already stretched their budget. This was not really a problem in the past because prices and taxes were not increasing as much. Insurance premiums have been pretty steady but are rising 20-30% this year and next.

@caroletta451

2 жыл бұрын

Yes, we bought in Pinellas Co., Palm Harbor, in Lansbrook off of Eastlake in 2007! Zillow had our home at $750K. We were going to ride it to 1 million and sell! Being new owners, our taxes went from $6,000.00 OLD owners to $16K a year for us when it adjusted!! ! What a shock!!! Buyers beware!!!! This won't be fun!!!! :( We are now back in the Midwest living on a six acre farm. Taxes are 1,200.00 yearly. Do not regret the move back.

Great info here. As the appreciation of my home has been skyrocketing, I’ve given a lot of thought to selling and renting for a year or so. What are your thoughts on that?

@Bielik672

3 жыл бұрын

My mom met a couple in California who did that. Long story short, they are homeless. They thought they would buy when the market calmed down. Years later, they still couldn’t buy anything and ended up living in their car.

@robertastone7155

2 жыл бұрын

@@Bielik672 Yes - it is a terrible thing - people thinking they can sell and make a large profit...but then the sellers have to become buyers or renters.....then they understand that there is nothing at all.

A lot of 2 story condo's in Pinellas are seeing much less of a price increase than detached homes in the past year, which nobody ever talks about.

Can you do a video focusing on multi-family/individual housing in the tampa Bay Area ?

@ReventureConsulting

3 жыл бұрын

Yes!

How about the Atlantic side ? Fort Lauderdale, West palm Beach, Miami ?

Great video and I appreciate the hard work putting together and critically analyzing the data. Moved here from Dallas earlier this year and just bought a smallish 2k sf house in Land O Lakes. Only $30K over asking but still affordable and really like the area.

@ReventureConsulting

3 жыл бұрын

Thanks for the comment Terry! Congrats on your purchase.

@rogerdodger5886

3 жыл бұрын

Oh only 30 grand over asking but still affordable? Guess affordable is relative.

@lisahoffman9019

3 жыл бұрын

We bought a 2,000 sq. ft. house near Dallas for what you'd pay for a house half that size here in St. Pete. Housing is much more affordable there as well as the cost of living.

Where do you get this data?

33647 New Tampa resident here. We bought our house in Dec.2019 for 370k 10k less than asking now it’s worth at least 470k maybe more with a bidding war. We don’t want to sell tho cuz we would actually be downsizing and get a worse house. We are in the suburbs so it’s nice and it was built in the mid 90’s but the neighborhood is growing

What are the cost for the coaching?

Moving out of the area..I wanted to build a few houses. Priced out, no margin. One thing to consider...if we have a cat 3 or cat 4. We will have 20 ft plus storm surges. A Katrina situation or worse. Going back north. Great city..love it here

@nolebucnaround8350

3 жыл бұрын

I do agree with how bad a storm will be if the is a direct hit to Tampa/ Pinellas but there hasn’t been one in around 100 years and much of that has to do with Tampa’s very advantageous location as it is super rare that a storm forms that enters the gulf and doesn’t track due north or north west as they all seem to hit the panhandle or further out west between there and Texas.

Have been checking properties in Sarasota, Florida and Lakewood Ranch, in particular. Can you present the same data for this location just like what you did for Tampa?

tampa is beautiful and is also. fun. My mother on law always is moved to the coast. Stuart, port Saint lucie, the beach is not pretty and there is no medical services. Tampa is a weird animal. I live in Pasco County and I love it. Traffic is kind of crazy 🤪tons of people moving in this area because there is some affordable homes and great access to the beach. Pinellas County prices are getting really crazy up. good lucky if you are thinking to move to the tampa bay area. 😀 moved in here in 2012 and I love it.

I grew up in Tampa. The zip codes in magenta historically have been the cheapest most affordable areas. They may have more risk but also more reward as they are redeveloped. South Tampa is crazy expensive but blue. Our 900 sf home in south Tampa we bought in 2000 appreciated from 77k to 265k in 18 years. We are going to list our 1,350 sf condo in south St Pete for 140k. We bought in 2014 for 60k.

Fort Myers & Cape Coral areas please.

@jewelscash8752

3 жыл бұрын

Beware Cape Coral has a multitude of problems. Unregulated rental property owned by foreigners, water issues and very irregular policing among many.

Do you have something for Oklahoma for investment?

My daughter is trying to buy a house in the UCF area of Orlando. Any tips l can give her?

Have a town home in Hillsborough county. If the economy tanks and rates go up then it could get bad. Was down here during the last crash, then left. Now I'm back and not sure if I should sell, rent a while and wait to buy lower in South Tampa.

@mileydisfunes4120

3 жыл бұрын

Exactly happened to me....

@jeradkiester698

3 жыл бұрын

Sell now.

Material price increase causing price increase as well In existing homes as well

Can you do a video on the FL Panhandle? Prices have appreciated about 30-40% and holding steady. Port St. Joe, Cape San Blas, 30a, Destin, Santa Rosa Beach...

Would it be better to have a house built on vacant land now that lumber prices are dropping? Less chance of losing equity when the market crashes?

2008 crash in Florida was due to the recession and the fact that most homes were 2nd homes. People walked away from their condos and 2nd homes to be able to keep their primary residence.

@Alwaysbeclosing1774

3 жыл бұрын

SO in your opinion people out of nowhere can just continue to purchase these homes at a skyrocketing price inflation. Home values will continue to raise to the moon. Family Salaries aren't going up at the rate of Houses. FHA is the new subprime. I'm sure these people buying at the PEAK of the market with practically zero down will never miss there mortgage payments down the road? Nothing to see here.

@hectorprieto9767

3 жыл бұрын

@@Alwaysbeclosing1774 FHA is backed by the US government. FHA has way more requirements and more strict on property and appraisal. I’m thinking 1/10 houses are selling with an FHA on a multiple offer situation due to having more buyers than sellers. In 2008 almost 80% of the buyers were investors, today it’s only 20-35%. There may be a chance we are in a bubble but it’s definitely not going to be near as dramatic as 2008, most likely it’s going to drop 15% max.

@Alwaysbeclosing1774

3 жыл бұрын

@@hectorprieto9767 Yeah I guess all these all cash offers to the moon are regular people and not investors. The first time home buyers I'm sure are fully qualified and vetted to be sure to make those mortgage payments on the severely over priced home they just bought. Nothing to see here. You're right. Let's not get carried away Hector. Let's say max 2% drop in the prices. Followed by another 40% uptick. Salaries aren't going up at those rates but houses are flying off the shelves like buy one get one free style. It's crazy how this time around we have SO many well qualified buyers. All during a pandemic too. The economy is booming. We're all good. Carry on.

@betterhomesandgardens3201

3 жыл бұрын

@@Alwaysbeclosing1774 With all due respect Gregory, I work on real estate literally 10 hours a day and watch the market behavior every month. I'm not avoiding the likability of being in a bubble, but is not going to be worse than 2007 for the simple fact that interest rates are still but not above 3% would buyers pay over-asking on a home that they wont be able to pay? Conventional loans are the ones that listing agents prefer or obviously cash.

@Alwaysbeclosing1774

3 жыл бұрын

@@betterhomesandgardens3201 You work on real estate literally 10 hours a day and you also watch the market behavior every month? Okay thank goodness. I'm just glad to know that at this current rate of houses prices to the moon that by the end of 2022 my home should be worth close to a Million dollars. I paid 270K for it 7 years ago. The original sucker who bought the new construction home towards the end of 2006 paid 500K. I'm sure that guy wasn't working with real estate 10 hours a day and watching market behavior every month like you though. Other wise he would have dodged that bullet. Good for me though. Thanks for the inside tip. Million dollar home here I come! To the moon baby!

does anyone know how to access those maps?

Respect 👍

@ReventureConsulting

3 жыл бұрын

Thanks!

We bought our condo 7 years ago for $83,000 and sold it last week for $179,000 to offer pad.

@ReventureConsulting

3 жыл бұрын

Congrats! What city?

Do the bay area or Silicon Valley please!

@oscarrlee18

3 жыл бұрын

😹