Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that or generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement.

We need a reset for sure

Let me put this in some sort of context as a florida native that is living the hell here in this state: During covid, I left my hometown of Miami Dade due to the inflated cost that occurred (and still going today) to just live in to what has now become a cancer to the florida housing market as a whole (property owners raising rent cost past 40% just that year alone). It left me and my wife to move out and head to polk county (lakeland specifically) due to, at the time, the cost of living was a helluva allot better than down south. Over the last 4 years though while renting, my rent steadily increased again, but was manageable. We where at a point, before hurricane ian, looking to get ourselves our first home but after both the hurricane and the insurance crisis the state is dealing with right now, along with the interest rates being sky high, it stop me and my wife in making that decision to buy. So here we both are, now with our 1st child, contemplating our next move since now the governor came out a few days or weeks ago stating "that citizens insurance, the last line of insurance in the state, that was meant to help those that lost coverage with the insurance they had that bailed out the state after ian, IS NOT SOLVENT" As either a renter, or as a property owner, hearing that will leave you shaking in your boots to be honest, because once a major hurricane wreaks havoc one more time in the state, an insurance collapse is guaranteed to occure and thousands or millions will be left on the hook. Since I'm renting still, I'm resorting to leave the state, my home, due to this fiasco. Rents gonna increase again and buying a home is now off the table for me. I'm actually pretty angry and depressed at the same time due to this, and negligence of the governor for allowing this to continue this way. Oh, one more thing, the salary of most floridians do not match or exceed the expense for cost of living. Here is an example, me and my wife, work the night shift but split the week right in the middle and work for amazon air just so we can make ends meet with our combined salary. You know what's crazy, for us living in Florida, amazon is paying us a certain amount. However, when you find out that at other amazon air facilities, like one in Kentucky or Texas are making way more ($23 or more an hour).... you just see how screwed we are here in Florida. These corporate giants are shitting on us here and they know it.

Seems walking and talking doomsday realtors are all the rage in FL

Cut the profits of the developer, builder , seller, and real-estate agent someone might could afford to buy. To many people getting rich from over priced houses.

It's definitely alarming to hear about a default cycle, especially in the context of the housing market. Defaults can lead to foreclosures, and that has a cascading effect on the overall real estate landscape.

loving the walk and talks...

I’m 38 years old and don’t feel like I’ll ever own a home.

Car salesmand and RE agants are one in the same. They are now having to get real jobs.

I don't think it's stubborn buyers in Florida...It's affordability..The average wage in Florida is requiring 50 percent of income to afford......Just wait...Prices will fall elshere just like here in Southwest Florida..and 30 to 40 % corection is realistic...Dont think it won't happen...you will be surprised..

Bottom homes are 150% over-priced. People quit paying the prices and wait.

Have a strong inclination to believe it’s dirty money buying in FL, see some cash purchases that just make no sense whatsoever, and that’s what’s pushing up median price with higher end homes. People are also still Nvidia and stock market rich, if s&p falls 20% look for a firesale even further on RE

Get the Corp and investors out of the housing markets -

Great video ❤There’s only one way to go…..and that’s down. Prices need to be reduced to entice people to buy. No way are the homes worth what they’re “listed” for.

These houses are Not worth what these sellers are asking for. Our house is 'valued' for a good chunk of cash if we sell. Cool. First off - I would feel awful for selling it, cause it is Not worth that amount. I don't care what the "market" tells me. IT"S NOT WORTH IT! But let's say we sell it, great, but then What are We going to afford?! We're staying put. Our house is 1 room smaller than we'd like it to be, but at least its a roof over our head. We're humble and thankful. Also - it's crazy that these house prices are where they are, and they won't hold up a Tap in a hard hit hurricane lol. Give me a break.

Hi, your videos are great. One thing I learned about business and problem solving was to put myself into the user / customer's shoes and get their point of view, and relate to it. In one of your other videos you mentioned buying your first house, and having roommates. I'm 52, and this was the way for my generation too. I couch surfed in Boston 6 months right out of college until I could afford to split rent with two other guys in the combat zone. Now I employ over 100 great folks, many immigrants, and have a passive income. Today's kids would say we have it so easy, but I mean, the first house I bought in 2002 was 400K, and it was built in 1970 for @24k including land. It's the value of the dollar that is changing, FED policy does not care about home buyers lol. Best of luck to all, save your money, live on Ramen, do whatever it takes.

Sell your house with big profit but you won’t be able to buy a comparable one after paying Federal taxes on profit.

Good talk Brant. All true.

The seventies and eighties were pretty crazy. A bit older than Mr. Peacher. I live through those decades and ya it was rough for many of us. To make a deal you have to have a willing seller and an able and willing buyer. We are reaching the stretching point of an able buyer.

Thank You🌻

Builders are still building! Can’t sell cheaper than what it costs to build! Interest rates are high but will be getting lower and when they start to go down sales will increase.

Hold onto your home and car as long as you can.

I’ve been saving a ton of cash waiting for prices to get back to sanity. If it doesn’t correct, I can at least get the payment where I need it with a big enough down payment. Gulf breeze is just ridiculous at this time

Hold the line. FL housing is a falling knife. There is no anti-gravity machine.

Fed tools work until they don't. They can't prevent all crashes. And sometimes they make it worse.

Love the encouragement. Everyone is feeling the inflation to some degree.

The median sales price going up totally makes sense as the lower end buyers drop out of the market. Those lower end purchases no longer pull the median down. What people always get wrong is thinking that median sales price is the same thing as home valuations, and you couldn't be more wrong if you thought that. Home valuations can be going down while median sales price is going up and vice versa.

I get a much better deal renting a house in Central Florida than I would if I bought now. So there's no incentive to buy unless buyers decide to drastically reduce their prices.

When enough sellers have houses they can't afford then they'll have to do something.

I think car salesman’s and real estate agents are going to be phased out.

Bought my house in Jan 2009 for 179. Zillow values it at 360 now. I think I will wait to move to Brevard County, for a spell.

2011..1.25%..paid 130k..owe 40k..house is worth 350-425k..im not going anywhere.. i will use the house and make money..

Realtors if they are advertising homeowners to price their house way out of price their house is going to sit for a long time look at the area the house is in and houses will sit

I just need about a six months heads up on the big crash. I can sell my house for way more than I paid for it and then live in an RV for about a year to let things get where they need to be and then buy. LOL! I am ready to downsize house (not land) but not paying the stupid high price that's out there now just to watch it take a hit.

As a buyer looking to buy first rental property (with 100k down) we are giving extremely reasonable offers based on 4-8% ROI on our down payment. 400k price range for home. The issue is the sellers are EXTREMELY stubborn. They are coming back 30k above our offer. I laugh and stop responding. Then watch as the homes eclipse 150 days on market.

It's very frustrating to be a buyer right now, as everything is so overpriced.

Rates.....that's why. Simple. Once rates go down demand goes up, prices will too. Low prices, low interest isn't a real thing. They teeter and balance.

That’s exactly it - as a potential buyer, I just keep looking to keep my finger on the pulse, but will not be ready to pull the trigger until rates get to….just slightly above their 2019 price level. If it never does, oh well… I will stay where I am.

You could sell something like the equipment you're vlogging with in the description.

Another reason Buyers are going to freeze is if now they have to pay buyer agent commission starting mid-August. Tack something else on to the final closing cost. Nail on the Buyer's coffin.

Took about 5 minutes to decide if I want to watch this video or your fishing video first. I fish daily in Panama City. Great content and God bless

Check out Charlotte county if u want to see a train wreck

How do you keep that camera steady as you walk???? Impressive!!! 😮❤

Walking around Florida from late May until Late October, your nuts stick to your legs and get all chafed. You can keep that state.

Rents went down, vacancies are way up, renting is now cheaper than buying bc of RE Taxes and Insurance. 2 years and this will crash. Safe zones and downtown are unaffordable and mainly owned by wealthy and out of town people. It will be a huge correction. Sit back, rent, and wait.

At least 75% of homes I’ve looked at in Florida have had a recent price cut …

I see so many homes taken off the market, then relisted. Do these figures look at the same homes listed multiple times as a new listing each time? Instead of looking like it hasn't sold in a while or refusing to drop the price any more, it's dropped then relisted. it would increase listings, while not showing sales on the same houses.

Refuse to buy anything until shit goes way way way down from where it’s at

How many homes have expired listings? RE agents are truly having to “earn” their commissions.

We are only at the beginning of the downturn. Remember the crash of 2008, market did not bottom out until 2012. Give it a year and all those sellers will have no choice but to cut down listing price.

Not motivated to sell with a low covid rate unless some idiot will come thru and pay top dollar.

It's bananas, to be honest.

The economy is a mess. Everything is expensive. Insurance rates in Florida are high. And now the state will require you to buy flood insurance even if you're not in a flood zone. And it's going to be expensive. Just got 2 quotes. 4K and 8k. And that's with 7k that I already pay. Time to go

75% price correction coming!

Is that Zach Johnson?

Whoever wins we lose

Can we just normalize calling a spade a spade? Buyers were NOT lining around the corner to buy homes... PEOPLE FROM OUT OF STATE TRYING TO ESCAPE LOCKDOWNS were lined around the corner to buy homes. People who already live in florida already have homes in Florida and people who dont have homes in florida because they rent could not afford to buy them anyways so these "buyers" were transplants who were receiving ridiculous $$$$ to sell a dilapidated home in Hoboken NJ for example and bringing that $$$$$$$$$ here buying $150,000 homes for $987,000 because they were loaded with cash.

Who’s in office won’t matter ,…govt monetize debt with inflation won’t change bc of the next POTUS. He may slow it down but inflation will accelerate and go parabolic …

If people cannot afford $500,000 for a starter home, it’s not like they are making a choice…pigs get slaughtered and we are about to watch the feast…give it a year or two - the reset is coming, the market is going to give back 30%.

FOMO or greed?!?

Buyers who don’t want to buy it, are not buyers. Boy, you’ve been in the sun too long.

No, you have poorly built home in depressing development complex at outrageous high high prices .

everything goes up and thanks to Bidenomics!

You couldn't pay me to live in Floriduhhhhh.

I'm not entirely sure that a change to full government control by the party that wants less regulation will be helpful against a problem that seems to only have proposed solutions of "regulate things to be more reasonable." Not that i think the democrats would ever actually get anything productive either, but a less restrictive market environment can't be the answer.

Who names there child Brant?!?! WOW/YIKES