Investor Home FIRE SALE in San Antonio TX | This IS CRAZY
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Күн бұрынInvestor Home FIRE SALE in San Antonio TX | This IS CRAZY
Check out Melody Wright Here:
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0:00 - Intro
1:51 - Build to Rent
2:15 - San Antonio Food Bank
3:08 - San Antonio Existing Homes
3:42 - Foreclosures in San Antonio Texas
4:20 - For Sale By Owner in San Antonio
4:59 - American Homes For Rent Fire Sale
6:26 - Job Market In San Antonio
7:13 - New Homes In San Antonio
8:24 - New Home Sales Office
9:35 - Massive Construction Site
11:01 - USAA Lay-Offs
12:10 - Luxury Multi-Family
12:59 - Commercial Real-Estate
13:36 - Interview Local San Antonio Resident
20:20 - Is it Best to Buy or Rent in San Antonio?
24:12 - What's Next For San Antonio Texas?
Data Source:
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#2 www.zillow.com/rental-manager...
#3 redfin.com
#4 www.google.com/search?q=mortg...
#mortgagerates #realestatenews #housingmarketupdate
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset's KZfaq channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, KZfaq, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.
@REWatchman 2 ай бұрын
Such an honor to meet y’all and get to speak in this video. I’ve been digging more into the institutional investors becoming sellers and found some juicy data. will drop a video soon.
@m3_melody 2 ай бұрын
It was our pleasure. Thank you so much for the intel and hospitality! A real honor and can’t wait for the new intel.
@nancytrevino6228 2 ай бұрын
What’s your Channel Rewatchman?
@deadsmile2023 2 ай бұрын
If I am not mistaken, Lackland/Kelly Air Force base is nearby and they do have C-130s flying in all the time. So, that might be why you couldnt film around the Foodbank
@PaolaCatt 2 ай бұрын
Outrages, Thankyou for bringing us this information
@PaolaCatt 2 ай бұрын
Same thing happening in Australia
@sheraspencer 2 ай бұрын
It is still flabbergasting that people in positions in power don't know that it is perfectly legal to film anything you want from a public sidewalk. Bonkers! 🤯
@HipHopCantSaveMe 2 ай бұрын
Check out Honor Your Oath!
@mikem4432 2 ай бұрын
Corporations think they own everything, except taxes to pay for them. Crooks, Liars and shananigans.. Corporate Greed America,
@sofiaperalta9091 2 ай бұрын
I came here to say the same thing
@user-wj7cv9hb5j 2 ай бұрын
I went to my neighbours bedroom, left a camera, she didn't complain. I mean she didn't know.. but I watched the feed from the sidewalk so all was cool 😎
@quixomega 2 ай бұрын
In a lot of cases they do, they just try to bully you into doing what they want anyway.
@mystyal 2 ай бұрын
This is my home city. Born and raised. I do Uber on the side and I've seen so many new home builds that I didn't even know the land existed. I've lived in SA for almost 40 years. Who's buying these houses? No one!
@Honeycomblife Ай бұрын
That's so weird I'm in HOU and would go to SA randomly past 10 yrs for a weekend trip it was always like a small big town to me compared to giant Houston and DFW why did they overbuild that's nuts .
@NeonGore 2 ай бұрын
It's 2024 and people still think you can't film in public 🤦♂️
@wayneneva1 2 ай бұрын
She was just irked that the building was in the video.
@NeonGore 2 ай бұрын
@@wayneneva1 idk why the security guard thinks they can magically make a building disappear from the view of the sidewalk lmao
@quincyjones5676 2 ай бұрын
Texas doesn’t have the best education system 😂
@Shuguiis 2 ай бұрын
I’m so sick how everyone is ignoring the bad economy,good work guys
@chasemekaelian9032 2 ай бұрын
The food bank is located within Lackland Air Force Base air space and directly next to the Amazon distribution center landing strip. That's why you can't fly a drone.
@LockedUpLarry 2 ай бұрын
Go to Zillow. Look on the immediate west side of S.A. Just near downtown. Look at the 250-350k homes for sale. Now go to “street view” and see the dump of a place you are looking at. Absolutely nuts that people are paying g these prices in those hoods! Nope!
@user-wj7cv9hb5j 2 ай бұрын
Same in the UK. People think old fashioned homes with 100k of refurbishment costs to bring it up to modern standards still refuse to knock the price down when others which are modern are just 30k more and ready to move I to!! Refusal to accept homes are dumps and need loads of work is clearly universal.
@marisamartini1975 2 ай бұрын
Same happening here in Houston and the outside city limits in surrounding suburbs.
@russellperkins8334 2 ай бұрын
Same here..these sellers are smoking crack.
@bubbajones4522 2 ай бұрын
The market is in free fall and is being driven by the Must Sell sellers or those people who can't afford the carrying costs. The people who still have the means to pay the outrageous insurance, taxes, HOA's, etc. are the delusional ones who aren't budging, but their comps are being reset weekly by desperate sellers trying to avoid foreclosure. Look at the "price reduced" dates on Zillow to see downward velocity. You can also see the ever increasing "Days on Zillow" and the blood red map to get an idea of the crash coming.
@timothybrown7779 2 ай бұрын
You got it! West side and south side. People see these homes while looking from California or New York online and when they get here for there site unseen purchases. Lol they eventually leave . They are very generational properties and don’t want the gentrification in those areas. Get used to the pop pop pop if you move downtown San Antonio. Locals hate Californians moving here.
@cbboiii1100 2 ай бұрын
I've lived in SA for 20 years. I'm a RE investor. Now is 100% not the time to be buying anything down here. If you don't understand the city or know where to look, you'll go broke before you even start if you are lucky. Most of the time, the house sits and wont sell, especially if it's the wrong area
@apple2092 2 ай бұрын
Very helpful info. I am wondering Is there any right places for investing in SA or Austin?
@cdweber4547 2 ай бұрын
I agree cb .. 100%!! I live here in SA also & the market when we bought our 1st investment property (2009) it was reasonable & affordable! I quit looking in 2019 bc values didn’t line up with wages here. Now it’s all fake .. overinflated & overpriced!!
@sandrae4912 2 ай бұрын
We were lucky to buy quite a bit of acreage when it was 4% we started building last yr and are moving in the next couple months when the house is done. Then again we are from out of state. My partner has had a job over the years going there. I have a good job where I am but concerned abt moving out of state & finding one in S.A. but the acreage we got & property is beautiful.
@skyfinancellc9538 2 ай бұрын
Thank you for explaining that!
@andreunz 2 ай бұрын
Realtors are all the same 100% the opposite of what those videos and market analysis show you to do
@pictureworksdenver 2 ай бұрын
From a vantage point when standing on public property you are entitled to photograph or record anything you can see. Full stop.
@TopVillain 2 ай бұрын
Facts. I would have escalated that. And put it on the thumbnail
@RyanJohnson-pz4tb 2 ай бұрын
Everyone struggling is going to get a lot worse and congress just passed another $60 billion to Ukraine 🤦♂️
@user-dk7os6hp4z 2 ай бұрын
Oh so now us historians are right...oh so now you'll aint calling us conspiracy theorists anymore when we holler the jesuits! Ohhhh😮😢
@user-jp6fk8vv8o 2 ай бұрын
tax dollars leaving our country to aid other countries should be voted on by tax payers
@missmartyjackson 2 ай бұрын
People often forget how badly animals suffer when the economy goes down . San Antonio's so-called animal "shelters" execute an outrageous number of dogs. People are dumping their dogs and the dogs are being killed. Please foster if you can.
@Tlowd2 2 ай бұрын
And the “corpse” is sold to the markets.
@Honeycomblife Ай бұрын
Poor doggies
@Ponskippa 2 ай бұрын
Also.. as a longtime San Antonio resident. I can say that there isn’t many high paying jobs here. Unless there is a bunch of people coming into town with $$ already, I don’t see how the local population / job market can afford many of these new homes. Unless they moving in a whole family and all pitching in.
@skyfinancellc9538 2 ай бұрын
Great insight; thank you!
@DiscipleofHim 2 ай бұрын
The economy is artificially propped up and way overpriced is real estate.
@jonathantaylor6926 2 ай бұрын
Noticed my dogs 35 pound bag of dog food just went up in price by 10 bucks... from $52 to $62 and thats with my wife's discount because she works at a vet. That's not 3.4% inflation. More like 19%. Moral of the story: Higher For Longer and this RE correction is only getting started.
@sofiaperalta9091 2 ай бұрын
My dogs 35 lb dog food is $118 now and it used to be $89. My older dog eats the Fresh Pet food in the fridge. It's 3 lbs for $18 now, was $13 a couple of years ago when she started eating it.
@missmartyjackson 2 ай бұрын
So many people dump their dogs in an economic downturn. Shelters are overflowing and they're killing them for space. I wonder if that food bank has pet food?
@oscarrlee18 2 ай бұрын
Learn to make your own dog food. Cheaper and healthier
@kristenmerrill-nl2dh 2 ай бұрын
Prices on food are a different measurement than the inflation rate (3.5%) that you hear about on the news.
@sofiaperalta9091 2 ай бұрын
@kristenmerrill-nl2dh The rate the FED lies about has little to nothing to do with the inflation rate for regular folks. They consider the inflation of products we aren't buying regularly or ever if we're poor enough. The price of a new house doesn't affect me at all bc I've lived in and owned my house for years, but my insurance has gone up a full 72% in a single year.
@rst90274 2 ай бұрын
Austin became the "IT" destination during the pandemic. People in Tech in California and New York were told they could work from anywhere. They didn't have to buy a million dollar condo in NY or California. They could buy a home on 1/2 an acre for $500K so many did. All that influx drove up prices and, like before the Great Recession, everyone assumed prices would keep going up.Those buyer found out their employers want them back in the office. The Austin real estate boom they started, is turning into a bust. Home builders rushed in assuming that demand would be high so they flooded in with plans for new construction. No doubt, we'll see ripples of this across the country.
@rst90274 2 ай бұрын
I liken the Austin land boom to the boom in the truck market during the pandemic. Dealers were jacking up prices on all trucks and tagging on a $20K "we're in a pandemic" premium. Now the repo people are picking up most of those trucks.
@skyfinancellc9538 2 ай бұрын
1/2 acre? Where? I live in Austin area and I see very few new builds on that much land.
@rst90274 2 ай бұрын
@@skyfinancellc9538OK, I could be wrong about that but it is easy to spend a million on a 500 SQ FT condo in LA and NYC. You could see why home ownership in Austin would be attractive. I live in LA and to own a home for a million dollars, you are in the middle of a Crips/Bloods war zone. Park your car in front and it will gone before the engine cools off.
@skyfinancellc9538 2 ай бұрын
@@rst90274 yowza. Really? For a $Million you're still on the wrong side of the tracks?
@sunneekee854 Ай бұрын
CA folks that moved to Austin are leaving due to the Texas hell heat & horrendous traffic issues.
@annd8425 2 ай бұрын
Travis and Mel - the unexpected journalism team we need. I wish my brother would watch you since he lives in Texas. Thank you again you guys.
@m3_melody 2 ай бұрын
Thank you so much and thank you for watching!
@bikenraider99 2 ай бұрын
San Antonio never learned from Austin,Houston, or Dallas when it came to growth. Native San Antonion who has seen the city grow but also resist change. There is so much potential for the city, however, a failure of leadership, investment, and difficult decisions have held it back.
@jayeisenhardt1337 2 ай бұрын
Too many people not enough water, gonna end up like LA or something and they been importing writes to say that's a good thing for decades. If we wanna do that gonna have to pump water from the sea to meet the crazy growth projections some people had in mind.
@jayeisenhardt1337 2 ай бұрын
Looking up the old numbers, we at +60k when they said +240k over the past decade so things didn't pan out and they wanted more than that. Infinite growth as the only reason a city sustainable just doesn't work. Dunno what numbers they had for the decade before but 2003 -2013 they mighta wanted it even more, basketball team doing well and all.
@andreunz 2 ай бұрын
Agree, they still have not managed to import 400,000 Californians per year
@timothybrown7779 2 ай бұрын
The 300 to 400 thousand home range and higher in San Antonio is so unaffordable for the normal resident San Antonion. Those are geared to all the transplants to San Antonio which has really slowed down and some are moving away because they couldn’t stand the heat… I say good riddance!
@katydid2877 2 ай бұрын
Too funny. I am reading the Cali folks are baling out of Austin partially for that reason. It’s too hot 🤣🤣🤣 Doesn’t anybody look up the weather before they move? But, it’s a win win. Maybe another summer will chase them out of AZ, too. Fingers crossed.
@skyfinancellc9538 2 ай бұрын
@@katydid2877 Summer of 2023 was exceptionally hot in Austin. Haven't seen it that hot in the 25 years I've been here. Everyone was surprised.
@nicholaskarayiannis3652 2 ай бұрын
This is called a DEPRESSION.
@teams3345 2 ай бұрын
Location, Location, Location. Biden invited all these immigrants to you.
@seaneendelong8065 2 ай бұрын
Indeed. This is the 1929-42 pattern, but with a reverse/bad war spending effect this time: It has been the precursor crash, brief boom due to policies help, then downward longterm spiral- followed by mass govt spending on mil. Missing is the infrastructure jobs works to benefit the nation and workers en masse and continuing, and currently the *internal* mil spending at the source and resource mfg stage. And the govt CAN'T spend on these in the mfg and real jobs level as that has been gutted domestically for too long. Meanwhile inflation is still drastically accelerating and fuel costs climbing without internal resource ramping, exactly like in the 1970s stagflation cycle... The outcome of this major depression and inflation cycle is highly likely to be a worst case scenario for normal working class and in debt older people, or those living where they cannot regulate base costs like prop taxes if not in debt. I am becoming far more worried about economic conditions impacting everyone than I was in 2019, and that doom finance situation has only been pushed forwards and magnified irl since. 😶
@teams3345 2 ай бұрын
@@seaneendelong8065 Welcome to Bidenomics.
@ptturboe5792 2 ай бұрын
Yes and deflation coming next.
@teams3345 2 ай бұрын
@@ptturboe5792 Bidenomics. It will be OK.
@kzarz0219 2 ай бұрын
Saw this coming some time ago. The mortgage, the property taxes , the landscaping costs, the repairs plus the monthly HOA fees made me sell my house back in 2015. It was the best decision for me.
@nateisgreat8 2 ай бұрын
What was the result on your finances? I am about to attempt the same.
@kennethkirklin6959 2 ай бұрын
F HOAs never buy in an HOA
@kzarz0219 2 ай бұрын
@nateisgreat8 I live simply. I am single. My 2 vehicles (2017 sedan and 2020 van) are paid off. I rent in a safe but not really luxurious neighborhood. I've been able to save a butt load of money. Now ready to slow down, close to retirement and i got close to a 1 mil in my savings.
@jayeisenhardt1337 2 ай бұрын
@@kzarz0219 could leave the country and build someplace where that one million feels like ten
@jeg5438 2 ай бұрын
For me it was the lawn. Water cost, fertilizer, labor and biggest cost the mower itself. Thousands for a mower. The cost for it all was insanity.
@glenboyer6258 2 ай бұрын
Come from a family of builders in San Antonio, I do not live in Texas for multiple reasons. Not worth it anymore..
@KyserMont 2 ай бұрын
So I just want to point out a few things about San Antonio: 1. This is a military heavy city. There are 3+ bases. 1/10 homebuyers in SATX are military therefore a lot of people using VA loans with 0 down. 2. Melody said it herself but during recessions the job market tends to favor public sector over private sector jobs. This is why some people in Texas refer to San Antonio as “recession proof” city 3. New construction and apartments are VERY stressed. I personally know someone who is closing on a new construction with a 4.25% interest rate (bought down by builder). Apartments are only requiring $250 security deposit for rent that is $1200+. Some are even saying if you pay rent ON TIME for 3 months, they’ll give you one month for free. Overall the signs are here that a recession is coming. But how long it will last is yet to be seen.
@phreedomphile 2 ай бұрын
We're told the national debt is increasing by one trillion dollars every 100 days or so. Currently the interest alone on the existing federal national debt is over one trillion dollars a year which is a huge portion of revenue and with a 'balloon' payment interest reset coming soon that debt interest payment will skyrocket even more thus eating into existing big programs. We're also hearing the end of the dollar as the global reserve currency is likely very near and that would itself trigger very painful hyperinflation. Too bad we have never had very honest MSM reporting and now it's getting to be worse in terms of hiding important facts.
@KAZHE63 2 ай бұрын
We lived there for 8 years. Bought new construction in 2006 in 78253. . Sold in 2014 and lost $60,000. Illegals were given mortgages in ‘06-08 and they all walked away. Literally loaded up Uhauls in the night, decimating 1/2 our neighborhood and home values. Armadillo Homes! Their “preferred lender” did this! I bet it’s happening again!
@raytaylor3077 2 ай бұрын
Politicians cater to the Latino vote but in reality they do not have much power in SA. the city is run by the money power
@floydmora1 2 ай бұрын
Correction on your report of the San Antonio food bank and the No fly zone by where the food bank is located. That no fly zone has always been in effect. You are next to lackland air fore base, Kelly air force and Medina. San antonio is military city USA. Alot of training goes on around that area. I also volunteer at the local food bank. I would say the large in crease is still due to the immigrant population. They are dumped in san anotnio and then left to wander the streets looking for odd jobs or a ticker to another city.
@mike-uw6wt 2 ай бұрын
SA just doesn’t have the business base like Houston or Dallas.
@casspower 2 ай бұрын
I make lasagnas for families in need in my hometown and I am constantly seeing people asking for help more and more each week. It’s heartbreaking 💔
@m3_melody 2 ай бұрын
Thank you. If we all just did a little we could make a big difference….do unto others….
@detyelram2819 2 ай бұрын
God Bless you, ma'am!
@CK-ie4hp 2 ай бұрын
And it will get much worse, if the equity markets don’t keep up with inflation
@oscarrlee18 2 ай бұрын
Maybe they like your food and it’s easier than cooking for themselves. Lasagnas are time consuming for inexperienced cooks.
@annjean8709 2 ай бұрын
😢😢
@Ponskippa 2 ай бұрын
The sad part is that these investors are probably using the working man’s pension /401K money to gamble on these homes with
@phreedomphile 2 ай бұрын
Exactly! Also being ultimately backed up by taxpayers and money printing and thus feeds into the deficit which threatens to make life very difficult for younger generations going forward to simply survive.
@spankygibson10 2 ай бұрын
As retired Military, I had USAA vehicle insurance for years. A couple years ago before Covid started they started raising rates for no reasoning. So after decades of using them I moved onto another insurer.
@jsd354 2 ай бұрын
I have been loyal to USAA for almost 50 years. Between cars and House I pay $7,500 annually for insurance. I to have priced other insurance companies but with USAA subscribers deposits and annual credits on profits it still is the best deal. I’m one of those customers who is an asset, meaning I pay premiums and never have claims. That being said I am considering dropping my homeowners entirely and self insuring.
@m3_melody 2 ай бұрын
Interesting. Thank you.
@marisamartini1975 2 ай бұрын
I was with Allstate for 30 years basically since I started driving. Had to change since they decided to charge almost twice for no reason.
@markferguson5652 2 ай бұрын
@,marisamartini1975 They're raising rates for a very good reason. There is another epidemic going on with illegals and vehicle accidents. When an uninsured illegal hits you it's covered by uninsured motorist. This is happening all over the country. I was T-boned by an illegal 2years ago destroying my truck. He got out of the car he was driving and ran. The cops working the accident said there wasn't much they could do and to file it to uninsured motorist. This is why rates are skyrocketing.
@marisamartini1975 2 ай бұрын
@markferguson5652 oh I know! I grew up in a predominantly illegal neighborhood once I move out in 2008 just 15 miles away my ins rates dropped. But now with that type of culture all over this country rates are increasing with just a few pocket areas of exceptions. However nothing changed with my area of living currently BUT i was able to get a substantially much cheaper but same coverage car insurance. So everyone should price shop instead of just continuing to accept. I have lots of experience with Houston and the demographics since 1956. The agents of development have been used for decades here and are only now being experienced in the rest of the country.
@DiscipleofHim 2 ай бұрын
Public sidewalks security.. geez. That company should fire her or train her..
@pineda4333 2 ай бұрын
This mess was created by the state of Texas and their expert appraisal department. They over exaggerated the home values in 2021, had excessive amount of surplus that did not return to home tax payers. I speak for experience my taxes went from 1300 to 15,300, my mortgage was $998 and went to $2200, had to pick up a second job to keep a roof over our family. Appraised value @$855k but realtor said we would be lucky right around $555k. Wait what? Why are we been charged taxes on an appraised value we can't sell homes for??? Yeap it's now for sale. Purchased land cash and waiting to sell to get a home...
@PhanRegSop 15 күн бұрын
Did you protest the appraisal? Pro Tax is a great company to fight for you
@zeebee2407 2 ай бұрын
Absolutely, one of the greatest videos you have done! Melody is very knowledgeable and conveys a great deal of transparency. You guys make a great boots on the ground duo!!!!!
@jaimecuevas5597 2 ай бұрын
Much better than CNN congratulations
@phreedomphile 2 ай бұрын
@@88gcllc How about much better than all of the mainstream media outlets COMBINED? Great honest reporting for a change. I'm so tired of the constant MSM baloney.
@jaym9846 2 ай бұрын
Houses are too expensive, just like vehicles and food. Corporations have moved production to where it cheapest thus pocketing record profits. Build here, buy here.
@iati6294 2 ай бұрын
Corporations are just greedy. We need to stop buying and force them to lower the prices.
@aarony1662 2 ай бұрын
Its feels like a decade of building dwellings that are outside the reach or affordability of the majority of Americans and no consideration of lower cost of living homes.
@EdgarSanchez-iz2gb 2 ай бұрын
Stop by by Boerne and see how Rich people is doing, 30-40% of the commercial is for lease/empty for months now and start going up for sale the last few months. Houses they call them "matchboxes" for the quality and all, lease is over $3k for month for commercial and they are been empty for 2 or 3 years. It's one company "Legacy" who have a lease a small house/commercial for $7500/month and a restaurant for like $17k per month xD they are all crazy here.
@c141bee 2 ай бұрын
Food bank is close to Kelly Field approach, hence the drone restrictions
@midnightdragonfly9707 2 ай бұрын
This was so well edited. You guys are covering a ton of ground, literally and figuratively speaking❤
@tritosac 2 ай бұрын
I've been to San Antonio a number of times. I don't think it will ever be like it was when I first visited it on a 6th grade Texas history trip back in 1989. It just felt so laid back. Sea World was fun. The river walk was cool. Even the Mexican markets or mercado was colorful & almost felt like being in the markets in Mexico City. Today it's probably too commercialized & becoming typical cookie cuter metropolis America. I'll always love the Alamo though.
@danielmarks5133 2 ай бұрын
Hold strong buyers! Our time is coming!
@chillbro8811 2 ай бұрын
Save! Save! Save!
@leetowers5668 2 ай бұрын
Amen
@caryngildea6225 2 ай бұрын
Absolutely!!!!
@apple2092 2 ай бұрын
Are you sure the price will be affordable again?
@nataliedigiovanni4863 16 күн бұрын
Yes it will
@toya7645 2 ай бұрын
USAA’s quality of service has really declined over the years. I’m sure they’re losing customers by the droves
@allencoffland1685 2 ай бұрын
they haven't paid any interest on savings or checking to prevent people from taking their money elsewhere, that's for sure
@ShameenYakubu 2 ай бұрын
All insurance carriers are feeling the squeeze.
@InsideLookingOut1 2 ай бұрын
They about to lose me for sure
@diegoroswell302 2 ай бұрын
Can you elaborate? Why are you badmouthing USAA?
@InsideLookingOut1 2 ай бұрын
@diegoroswell302 prices rose dramatically and Customer service has become ratchet.. there I said it
@beckyforbis4858 2 ай бұрын
This is a fantastic video and is real proof that all of this is being hidden from the public. Thank you Travis & Melody.
@shirleylee2885 2 ай бұрын
I appreciate you for all that you do for subscribers. Thank you for keeping me posted about your journey in this amazing channel.
@nogames8982 2 ай бұрын
Supply and demand. Somebody missed that day in class when they taught that.
@5thgentexan95 2 ай бұрын
Great info! We’re doing exactly this. Cashing out of our Houston area home and moving closer to family in the Austin area. Renting for now to earn 5+% on the equity. The rental is 2 years old and never lived in bc the owner couldn’t sell it after their plans changed. Thanks for the confirmation that we’re on the right track.
@jcmjcm1945 2 ай бұрын
Allot of people cant afford a house due to the inflation rates. No matter what happens they plan on raising it even higher. This means millions will loose their houses and even more will be out there.
@DEG1985 2 ай бұрын
By far the best video, format, editing and audio of all yours videos!
@morenokv 2 ай бұрын
Yes! Thank you for doing San Antonio!
@bigd2256 2 ай бұрын
But hey Ukraine, Israel and Taiwan get all the help they nEeD
@cars9969 2 ай бұрын
They get all American dollars and the citizens are sleeping on the street and violence is up the roof.
@scottk1298 2 ай бұрын
You understand all the money that ‘goes to Ukraine’ really goes to American businesses with American employees. Practically 100% of that money never leaves this country. It buys bullets, munitions, and machinery that are all manufactured in the USA.
@whyjustwhy2168 2 ай бұрын
Ty so much we appreciate you guys doing this. 🙏 for your safety also. So tired of the media lying and controlling people's lives
@bradingram3834 2 ай бұрын
I told you Travis. It's crazy out here
@Vosmalus 2 ай бұрын
people went crazy and started buying houses for double the price and 7%+ interest....of course now they are trying to sell. People with sense don't want to buy a home for $250,000 - $400,000 When those same houses 4 years ago were going for 150,000- 250,000.
@sieng8 2 ай бұрын
Thank you Melody, thank you Travis!!
@SuperMakalena 2 ай бұрын
I live in San Antonio. So this is funny. I was just at the mall and it was wall to wall crowded. I think people don't go down to the Riverwalk because they just don't like going down to the Riverwalk it's a tourist area it's not really something locals care about. 😂 I mean who wants to see the Alamo everyday it's so boring. And if you're talking about the houses they have had a lot of construction but that's because a lot of people keep moving to San Antonio. We are the fastest growing city. What's going on that I've noticed with houses is that first everybody was selling because their homes were worth more but then they stopped when the interest rate went up. Some people got stressed out at their mortgage fluctuating due to high property taxes. Make sure you get your homestead exemption to avoid that. 😊 The only thing I've noticed different in my neighborhood is that of selling their homes most people are now renting them. Probably just waiting for the housing market to come back around.
@REWatchman 2 ай бұрын
People were moving to San Antonio in 2020-2021 but net migration slowed significantly last 2 years
@RustyWilson1975 2 ай бұрын
FYI: The SA Food Bank is less than 1/2 a mile North and directly inline with the Kelly Field Annex runway. That’s why you can’t fly drones.
@SirCarlosMusicBMI 2 ай бұрын
🎉🎉🎉 I’m loving this new format regarding your editing. Going back and forth with Melody and yourself is nice. The handheld microphone is also a nice touch. And of course your videos are always BONKERS 🎉 Thank you Sean for being part of this video. Blessings, C Los
@bryancecilio2727 2 ай бұрын
Excellent job guys! It’s great to see both of you working and reporting together. Can’t get any better than this!
@juliusmiami76 2 ай бұрын
Just love the back & forth quick takes from both of you guys! You both have chemistry. Keep going!!!
@LeslieDavis-no4ew 2 ай бұрын
I just left San Antonio in Dec I'm a construction worker and I was there for 4 months out of that 4 months I went to work for only 2 weeks and then nothing I transferred my paperwork from Vegas to San Antonio never again I've lived there off and on for over 5 years never again.
@Justanurse357 2 ай бұрын
Fantastic reporting and research. Thank you both!
@darinthesecularspiritualist 2 ай бұрын
I live in sa. Vacancy is about 70%
@AndroidFish 2 ай бұрын
You guys looked like you had fun putting this together. Great job!
@wengvu1551 2 ай бұрын
Thanks for the local interview. Very useful video. I was thinking of moving there. Now I have to rethink
@cc-tb3st 2 ай бұрын
San Antonio is a major home for lifestyles unlimited and investor and real estate mentoring group. They have really built up a huge following in San Antonio and the surrounding area. So many of houses in San Antonio have been purchased by investors in this group. And not only the houses but the apartment complexes. They hyped up how much you can make and everything in real estate and they promise all these different ways of making money in real estate which are mainly true. But they started when the market crashed in 2007 and of course for the last 15 years we've only had an upward trajectory of prices and valuations and rent. Now that it's leveling off peeking and declining, those investors are scrambling to get out of the market before they lose the value they've accumulated 2007. I'm in the group and I see the threads all the time.
@jtwashbros5072 2 ай бұрын
Great insights!! Love the different boots on the ground perspective here in SA. You have no idea how much building there’s going on all around 1604, absolutely BONKERS! Could’ve sworn I just saw you on Henderson pass/1604 today 😅.
@teebone2157 2 ай бұрын
You guys are doing excellent work
@baxtermason6909 2 ай бұрын
....thanks for the insight Shawn...
@elbarto4394 2 ай бұрын
Perfect timing. I'll be there looking starting tomorrow 😊
@brianrichards7006 2 ай бұрын
Property taxes in Texas are outrageous. A friend who lives in Austin, in a house worth about $350,000 pays over $10,000 in property taxes every year. Here in N. Florida where I live, I pay about $2000 annually for a house and a fourplex.
@skyfinancellc9538 2 ай бұрын
Great insight. All I'm hearing about Florida is dismal - i.e. Property Insurance and HOA fees. And I'm getting that info from KZfaq channels - but I'm so glad to know that your taxes are so low. Wow. I'm in Austin TX area and indeed taxes are problematic!
@NightSky777 2 ай бұрын
You are 1000% Correct! ...but remember, SA had A LOT of "Disabled Vet" & "Soc Sec Disabled" who pay little to Zero Property Taxes, ...so That has to be made up by everyone else, others therefore must pay more
@StaceeMassey Ай бұрын
Yes. All of our taxes have gone up in Bexar County. It's ridiculous.
@rillesttalk 2 ай бұрын
Thank you for the commentary on USAA. I’ve been with them for 20+ years and was not aware of their layoffs.
@idris8153 2 ай бұрын
thank you, Travis and Melody, you guys are the dream team
@Sugarnaut 2 ай бұрын
Wow, fantastic report, guys. That river walk is beautiful.
@rubykam4839 2 ай бұрын
Love this new content and the calm energy. Really love the color coordination too! ❤️
@rrssmooth6643 26 күн бұрын
I love no music on your drone footage, that is why I like your style on your videos. You talk through your drone footage. AWESOME.
@timclark3049 2 ай бұрын
You guys put on a good show! Fast moving and well coordinated. Thanks!
@abstractartpaintings3366 2 ай бұрын
Fantastic video and work by you and Melody. I really enjoy all your content. As a "hopeful" buyer who went thru the last GFC, I am being very cautious. I really applaud this type of video and all work you guys put into it!
@derrekc1743 2 ай бұрын
Great ground coverage! Thank you for sharing!
@pimpogrenudo1 2 ай бұрын
Excellent content. Great drone views.
@fishinchips3884 2 ай бұрын
Thank you so much for making these “boots on the ground” videos to show what is really going on in the real estate world!
@eddiedelrosario9946 2 ай бұрын
Bloody bonkers! 😱 S is going to hit the Fan!! Brace for impact! Thanks Travis and Mel!
@thisduderockz 2 ай бұрын
This is what needs to happen to make housing affordable. Keep building more homes. Homes are a necessity and a utility, not an investment.
@georgekyei1019 2 ай бұрын
Thanks for the video guys, can we do one for Dallas, TX?
@m3_melody 2 ай бұрын
It’s in progress :)
@nucemgd 2 ай бұрын
Good to hear...I'm in East DFW now and the new developments and multi family units are everywhere...you should visit the Rockwall/Fate/Royse City area
@skyfinancellc9538 2 ай бұрын
Hey Travis, I'm in an Austin suburb and am glad to hear that you will be coming here to check things out. Melody said that the next 3-5 years will be very challenging. I'd like to here more as to what she's thinking about that ... Also, when Melody emphasizes "doing whatever you can to pay down all of your debt .." uh ... Melody .. are you referring to consumer debt? Or are you taking the Dave Ramsey high-road there and suggesting that we pay off our home mortgages as soon as possible? Maybe you could clarify? Thank you for coming out to Texas, both of you. :)
@butterball2100 2 ай бұрын
Wow Melody and Travis you guys have outdone yourselves. Amazing job. The video format is incredible! Well done!
@jetjones5175 2 ай бұрын
Great job, love the new format!
@kw2268 2 ай бұрын
Awesome collaboration ya’ll!! Well done! Appreciate the Texas coverage. ❤❤❤
@sandrae4912 2 ай бұрын
There are folks from other states moving to San Antonio and building. My partner & I are one of those. Our house will be completed in a couple of months. Ask around. Many from Austin and California other states moving to S.A. There are also a number of projects such as new Hospitals being built Microsoft Data Centers, many opening small businesses, also many working for DOD, Air Force too, etc.
@gregorriusadolphus2729 2 ай бұрын
I am one of those people as well...moved here and living here off of my Denver salary. A lot of people in my new home community are from Cali and NY and Washington state....and the homes here, we all mostly paid under $290k
@ibuyzzz 2 ай бұрын
Nice work. Melody is a super person..
@jesuscortez5841 2 ай бұрын
Great boots from the ground. Bonkers
@SamHeine 2 ай бұрын
Props to you both!
@teebone2157 2 ай бұрын
Nor reason to come to Houston, apparently we are 50% renter city now. Thank God I moved to The Woodlands
@skyfinancellc9538 2 ай бұрын
Thank you for that insight!
@StaceeMassey Ай бұрын
I'm in the suburbs just outside of san antonio. There are so many houses in my neighborhood that are just not selling, but they are older homes and we're on the lower end of prices. But lots of people buying newer bigger homes in these new neighborhoods over in the Schertz and Cibolo area. My best friend just bought a brand new home and so did her sister.
@M1Fortunes 2 ай бұрын
Great show as always. Keep up the good work.
@InnovativeSustainableSolutions 2 ай бұрын
Dude, you two KILLED it. Outstanding reporting
@rdoody2067 2 ай бұрын
Thanks for bringing this information to us.
@rubyyoung470 2 ай бұрын
I love this duo. You are both awesome. I love the collaboration. ❤❤❤❤❤
@bibibachmd9995 2 ай бұрын
Very interesting. A lot of these places are doomed. This new construction looks terrible.
@easyrelaxation6654 2 ай бұрын
You two are doing great videos keep up the good work
@PlayedTV 2 ай бұрын
I wouldn't live in San Antonio if someone gave me a house for free and a million dollars. It's a shit hole.
@raytaylor3077 2 ай бұрын
Correct.
@cdweber4547 2 ай бұрын
I agree & I have lived here most of my life!! (50+ yrs)😂 It’s gotten worse over the past 10-15yrs! Trying to get out as fast as I can!! 🤣🤣 Just need land prices to come down here in TX!! 🤞
@ADG-pl7ur 2 ай бұрын
Is there any city in Texas that you like?
@cdweber4547 2 ай бұрын
@@ADG-pl7ur Yes, there are plenty.. just NOT ANY MAJOR city! I am looking for property/acreage in S.Texas but it’s all overpriced right now 😔 Unrestricted property.. meaning not in a planned community with restrictions or an HOA!! Nope .. not doing it ever again!! At this point I might live in a tent if I could find a decent priced property 😂
@darinthesecularspiritualist 2 ай бұрын
War and Catholics. Im stuck here cuz probation
@Catsandchickens 2 ай бұрын
Cool format. Love it. SA is my hometown!
@edgarvelasco7130 2 ай бұрын
Another fantastic piece of financial field reporting. Thank you Melody and Travis.
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