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Good i hope your right house prices are ridiculous

Prices in Florida still high, and thousands of new homes are still being built. Guess you have to live down here before you make these predictions

You had to know this was coming. Everything goes in cycle well Trump pushed the cycle early

The sky is falling.

Eh, lets not be hasty as buyers, a lot more pain coming for FL sellers…..insurance situation isn’t getting better ( ya may have to self insure except- you can’t do it if you have a mortgage so cash will be king), condo situation is getting worse, lender restrictions in flood areas going to limit pool of buyers; hoa fees are getting worse; existing homes are competing with builders- why by an older home when a builder will sell you a new one for less and often include incentives like rate buy downs; and mortgage rates aren’t coming down in near term- i am shocked that the home prices re holding up as well as they are- soon the reckoning will come especially if we go into a recession…..

I feel bad for these people. We lived in SW Florida from 1982 until 2006. Sold our home before 2008 when the market was high. We made a 200,000 profit. No way we could live there now. We are retired and live in the midwest. I wish everyone the best.😊❤

This guy should concentrate on his driving - I can foresee a crash - not of the housing market, but his car.

Interested to wait and buy

Prices need to drop about 70% to become affordable.

Prices weather! :-) enjoy!

If the chances of your home getting destroyed within 30 years is 25%, insurance should cost a preset penny. Maybe 50% of the mortgage on the non-land portion of the sales value over 30 years. I wouldn’t want to insure homes in coastal Florida.

Stop this BS

Driving while talking into a camera? Really?

Take your sunglasses off!

Let the market correct.

A 30-40% decrease would put most of these homes closer to the real value. I won’t purchase until I see the realistic correction to the overinflated prices!

BLAH BLAH BLAH BLAH BLAH BLAH. SHUT IT

Ghost towns? A little hyperbolic don't you think?

Great analysis, thank you! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). Could you explain how to move them to Binance?

At the bottom, Blackrock will be waiting like a spider to snap up these properties.

Every place on this list is practically podunk. Ocala is getting larger but surrounded by crud. Investors went in because the homes were dirt cheap and builders are there because the land was cheap. That doesn’t make any of the towns listed worth living there. While I feel there will be a decline in prices 10-15% I do believe for the most part this is the new world and price. Only time will tell for certain.

Where Ocala is up so is Hobe Sound

Is all of the distress is north of fort myers. It's a discretionary market of snow birds and retirees who are price sensitive. The boom and bust cycle is driven by these individuals

as someone looking to buy, Prices have to drop a lot more for me to be comfortable given the rise of carrying costs

Do not scare people you do not. Know

Man...newbie investors never saw HOA and insurance increases of what 30-80%? Your numbers look good cash flowing a few hundred a month 2 years ago and today? They're way in the red.

Dont be fooled. It'll come down little bit and than go up twice as high as it was before. Thats the cycle.

😂equity is not real until realized❤

the people in Florida voted for this they vote republican overwhelming

Maybe it’s crashing in FL, but in Virginia, it’s crazy. Homes here are still selling $100k over what they’re worth. Most on the market on 3-4 days before they are under contract.

What fueled the collapse was the MASSIVE BUBBLE they printed and the programs from 2020 !! You can't miss it. You can't do what was done and not expect to revert back to the mean.

Great video Chris!

When will it hit the bottom?

The inflated prices it is the great problem, no one cant see a house shouldnt be a business, but just a place to live! Here in Portugal, the avarage of Portuguese just cant buy a house!

A typical 3/2.2 frame home up 300% today and some cities have 12% price lowering as if that’s anywhere near price righteousness! Greed has guaranteed (deflation). Maybe you should check out economics globally and you’ll see a lot of evil people and their agenda.

Cool cool

In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon. The prices of homes are really quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways?

I'm trying to buy a house right now. They wanted $380k originally and I'm offering $340k, the inspection is Sunday so I might find some wiggle room there.

Don't worry... it's going to get much worse...

One of the few intelligent people I have seen doing video about the joke Florida is.

Maybe when DeSantis finishes with the book burnings he'll have some time freed up for these secondary issues in Florida. I hear the orange crop is in trouble, too. Ron? And Hey, Ron -- is your strategy for Hurricanes still gonna be "Hope it aint the Big One"?

The Biggest Collapse, California, HAS nOT hOMES IN sO CAL!!! Stupid!!!

This crash needs to get here a little quicker not coming fast enough , houses not worth the money yet northerners and corporation investors buying them which the average cant compete ,selling these home for northerners and California prices .

A hot moist compress x 3 daily. FYI just saying.

Insurance bonus to executives and stock holders are getting dividends

This needs to happen in other states especially in the south what are the chances?

This guy looks like he has never been in the sun. Why is he in Florida?

All this information is good, not even close to where the numbers need to be but it's a start. Once another 30% comes off will be more realistic . Would not even think about buying at this point. Rents also coming down bigtime.

10% MORTGAGE INTEREST RATES COMING 🎉🎉🎉

We had a 30% price decline since over two years ago! Glad you caught up!