But this is how u humans been playing the game y are y'all being a sore L

Thank you for that info.

My friend said a "firm" purchased 16 homes in her village. She hit the roof when she found out the "firm" rented them out to SECTION 8!!! This administration promised to put an end the "suburbs" & it's happening folks! Firm turned out to have ties with lobbyists. Guess for which party?👎🏽🤬

Nice world we live in. When an essential resource is scarce the rich take advantage.

@@kartiersupremewhite330, you are welcomed.

Vacancy rate is under 5%. However, a large number of homes are second homes so yeah, part of the year they're empty. When investors buy homes they are speculating but currently aren't having any trouble finding renter offering high rents to occupy the properties. Just because local news want to label cash buyers as the boogeyman doesn't really make it true. Local news is into selling ads, not facts. The reality is most investors use borrowed money to buy property. They often have smart ways to present their borrowed money as "cash". That ability is coming to buyers by companies who will back the buyer for a fee to guarantee closing on time. If the buyer's mortgage falls through the company will step in and complete the close with cash.

@@MrWaterbugdesign the vacancy rate is NOT under 5% as of Q1 2021 it was 6.8%(and that’s likely a conservative number because if it was any higher the truth would be revealed too quickly to all the landlords scamming on the number for rent) also because landlords know that tenant depreciates the value of their property either as a bad tenant (at worst ) or natural wear and tear because a human lives there not a ghost. Year over year if you had a second home and didn’t do anything to it (not even rented it out) it has managed to out perform or be on pace with the SPY depending on location. We have fetishized assists to the point where you can’t get a simple 2 bed 2 bath for less than 2k rent per month and yet what employer is guaranteeing pay of 1k for 40hrs of labor in that area . Rent used to be 25% of one months wage; now the average is near 30-50% while the principal number of homeless individuals has risen

Mam stop crying Level up every body suffering get it together dust y bhhhh

@@MrWaterbugdesign Well said.

Cannot keep up here in Spokane if you want a fixer upper in a gang controlled area there are a few homes but beware you pay for location

I'm wondering if he has FHA

Yeah that was crazy

That shocked me too. Get to the end of the story just to find out he didn’t have pre-approval. Then that leads to the question is he even working with a realtor? A realtor with his/her salt is not working with a client who hasn’t secured preapproval

Probably

If it is it's pretty dumb because it wouldn't actually launder anything. There would be a public record of how much was paid. The government can then ask "Where did this money come from?" and what's the criminal going to say? It's still dirty. If you want to launder money with real estate you'd have to do something like buy a property with clean cash and then put renters into the property collecting say $1000/mo in rent but you claim on your income tax forms that you got say $3000/mo. The criminal effectively pays that extra $2000 with dirty money, pays income tax, and that amount becomes clean. Buying property with dirty money is a huge red flag. Almost as bad as a 20 year old kid paying $400k cash for a new Ferrari.

@@MrWaterbugdesign 👍🏼

The agency that is supposed to investigate and track transactions over $10k is FinCen. Financial crimes enforcement. But I’m sure they are the up and up. Doing their jobs

@blue bird news Trump is living rent free in your head.

Most realtors won't work with you unless you have some form of pre approval, I thought.

@@southrichmondtofl that’s true of many, but not all. Some customers get tweaked by an insistence on it, so a realtor might choose to go along with waiting until the offer’s made. Small percentage at this point, I think.

Ya I finally got enough money to get a small home and relax a little but when I put 5k over asking price I didn't get it I lost someone else got it for 60k over asking price. Now I just live day by day tell the housing market crashes.

Actually, I have been pre-approving my buyers in Florida since 2009. Very TRUE, It is a complete waste of time for any buyer to submit an offer without a pre-approval letter, especially in a seller's market. Most sellers will never accept such a buyer's offer, and no sensible realtor will advise their seller to do so.

Well there's Biden's open border that supplies 200,000 illegals a month plus legal immigrants that need a place to live.

The only reason investment buyers buy is because renters are available.

Do you see Chinese people from under your bed?

China China China 🤡🤡🤡🤡🤡

Are currently in the Cold War

China is on the verge of a housing crash comparable to what we had in 08.

@@MrWaterbugdesign Yes......I see Chinese people

Everyone wants to blame agents, thats just not the reason. Its high demand and low supply

@@tylerh8275 Yeah, but in my experience, real estate agents are not honest.

@@michaelmullin3585 agreed 💯 I wouldnt use the ones on the bus bench, too much ego and dont have time for questions.

its not just weather. It is politics, quality of life, etc

And some beautiful homes too.

@@novadhd Tennessee. No state taxes. Good politics.

It looks like that’s about to change prices are skyrocketing, insurance and property taxes are also rising.

Plus there’s a low number of existing homes for sale and theres a shortage or raw materials and workers to construct new builds. When demand is high and supply is low, prices go up.

many people never read the article the AARP published back in year 2014 describing a massive departure of Baby Boomers from the State or New York when they retire. Where they move their money to Florida and other southern States is bad news for young people who can’t compete unless they have allot of money. The truth is this trend is what the GOVERNMENT wants to generate higher tax revenues to support government bond but in the long term the Baby Boomers can’t live forever will pass away leaving massive gaps in the housing market to be filled. Things will sour as what many Baby Boomers believe is coming much higher death rates with old age.

Partly, yes. Pretty great news to all the "original" or "native" Floridians who bought and developed properties, infrastructure hoping to make some money. But if you dislike living in a popular area there are many options available to you. Many less popular locations no New Yorkers want to live and probably never will. Check out Cairo IL where you can buy a fully functioning house for about $20k. And there's still plenty of things for you to complain about so you can keep your hobby. Win-win.

not anymore

Florida?

I strongly doubt that.

Yeah I’m so thankful for my VA loan

No need to wait for an asteroid. Plenty of easier ways for you to check yourself out.

@@MrWaterbugdesign 😂.....exactly , leave us out of it.

@@MrWaterbugdesign If you weren't so privileged from being able to buy homes back when it was possible, you would want out of this too. Shame on you for the way you just sit around on YT trolling and flexing on everybody less fortunate than you.

You said Finally? I have been hearing about low inventory since 2014.

The same thing is happening nationwide which speak how ugly the math is.

The faceless they are talking about are corporate pension funds, companies that buy homes to rent them out and hedge funds. Sounds like this will lead to a shift in many communities. I don’t want to live next to a house or houses will renters who don’t care about the house they live in or the neighborhood.

@@kimariokiji, I hear what you are saying but keep in mind, Beverly Hill have homeless people.

"Faceless" people??? Maybe ease up on the LSD.

@@MrWaterbugdesign LLC since your still a child on LSD

I would call them and tell them you're interested but with no intent of ever selling your house. Just waste their time.

evidently not. the borrower can get a high APR w/o pre approval. thats a money maker.

The former owners are having buyers remorse. You should have done a last minute walk thru before you closed. Now you are stuck with a problem 🙄

@@deannasalem9195 I did the walk through this morning avd everything is good but they left trash in the front yard and they pocketed 80,000 and I didn’t trick them and I’m staying and I will pass it to my son

Yea n sum are bringin their commie politics here wit em🙄

@@2phonebabyjay199 Why are you insinuating movers to NC are communists for? Are you a nazi? Shove your weird childish comment up your azz. And learn proper grammar. Idiot!

Nobody wants to be in a black state

Go buy swamp land, develop and become Walt Disney , or move out of the state if you still can’t afford. If the problem is nation wide than do the Americans a favor and get the hell out. Problem solved 🤪

@@michaeldixon0015 - The 2022 ignorant award winner! 🥳🥳👍🏻👍🏻🥳🥳

@@jasoncrandall73 💯

@@jasoncrandall73 I hope you realize builders are slow building on purpose this decade compared to 08 . The biggest reasons the housing market crashed was because of fraud and oversupply (big no no for investors) so a decade later and the 🇺🇸 population nationwide has grown 7.7% and yoy we are at 7.5% inflation. Builders recognized this so instead of scaring off demand by building like crazy , they want to avoid an oversupply again; so they have essentially created a valve to maintain a stream of buyers. Combine this with zoning laws for single family homes vs multi family and the situation compounds depending on geography

I wouldn't be surprised if they are. This boom like the boom over 12 years ago can't last forever. These new subdivision homes in Florida..... HOAs? Built on farm land. 10' spaces (almost all). Higher density on land not used to it. Unknown settlement issues on such land. Future sinkhole issues on such land. How many unknown building faults on these homes? Let's not forget about all those existing homes that a home inspection wasnt done prior to the sale.

Or an ignorant governor.

Yeah, they should all move to Detroit. 3 BR homes for $150,000!!!!

@cattigereyes1 With the number of people moving to Florida and the state is sitting on a sandbar barely above sea level, it makes you wonder how many people Florida can accommodate before it sinks into the ocean. I use to want to live in Florida. No more. Too many people with to few exits out of the state creating massive gridlock when there is a Hurricane approaching.

Wolf investors buying up houses, paying cash, and without ever stepping inside the house, and often purchasing batches of properties all in one transaction. Traditional home buyers unable to compete are forced to rent and often offering to pay more for the rental than the already morbidly high price, which pushes tenants already there out of their apartments that they can no longer afford and no place else to rent given wolf investors are also purchasing apartment complexes and this is being done across America. We are collapsing. 😑

The source of the money is normally put into the purchase contract. When money comes from a lender the buyer normally can end the deal and get their deposit back up to 3 days before close. Some agents use that to lock in the seller but not their buyer so the buyer can keep looking for a home they like better. If they do or prices drop they can end the deal and get their deposit back. The seller is stuck when a lot of expenses because they're 3 days away from their final move. Cash buyers don't have that escape option. It's a little crazy that people say "cash buyers drive up prices" because it's actually people using mortgages pushing up prices. When bidding a cash buyer has a big advantage because of all the games mortgage buyers can play. So cash offers are actually much lower in many cases. A mortgage buyer has to offer more to make up for the extra risk to the seller. So when you see a house sell for $100k over asking that could have been a mortgage buyer while there were cash offers say at $20k over asking. But that inflated price is now recorded as what houses are selling for in that area. That drives other buyers to pay that new inflated "market price" and the cycle repeats. Agents love this kind of inflation because they work on commission.

@@MrWaterbugdesign Thanks for your explanation.

As a private investor, I only do cash deals. With the offer, I provide a deposit verification letter from my bank. I have never ever had a problem.

@@MrWaterbugdesign lol! Here cash for rent buyer bid 20k over value...1-2 homes in an area doing that drive Values up. They are buying about 1/4 of homesfor sale. They also take that 1/4 inventory off the market making more completion for homes that they don't buy and then push rents up for people willing to pay more to get out of renting. Here you also have rip-off rent to own companies buying homes too.

Shack for sale in gang controlled neighborhood snatched up by property managers to rent it's a joke tents and sqatters allowed

This is why we have a record low inventory... homeowners ain't stupid enough to sell their homes and compete just like other buyers in hell with higher mortgage rates. Homeowners already did their refinance on their home like 2.5% to 3.5% which will never come back near future

That’s what I’m thinking!! That what happened in 2008! Homes were dirt cheap!!! Folks were just walking away!! Wow if that happens,,,I’m buying 2 new properties! Let see how things go!

Then more investor are going to scoop them up at an even lower price.

@marks90004 same here I have 2 homes in fla!! That were foreclosure in 2008 my dad I purchased!! That was the best deal ever!!! That has tripled in value!! Once the market falls I’m going house shopping again!! The numbers are starting to fall a little!!!!

I disagree with your statement that real estate will decrease by 50%. America is headed for a subscription based model for everything including renting houses. Inflation is bananas right now and will only increase - this will be a lost decade for America economically. If you think I am wrong, study America's economy specificatly real estate from 1970 to 1980. I will wait for your response...

I guess you weren't around in 2008.

@@frozentundra7446 Historically prices always go up and always come down. Prices dropped by more than 50% last time around in certain areas and they will again this time. Once buyers feel priced out and stop buying, available housing inventory will increase and sellers will be forced to lower their asking prices if they want their homes to sell.

@@danielgil971 Great comment Daniel. How quickly people forget history.

@@RealEstateHappens that, and their logic is skewed because they happen to be invested themselves.

What’s that

cheaper duh

Nice weather

Because they can lol

They have every rights to buy properties they want in this country. If you want all those regulations policies government intervention big government etc you are more than welcome to move to communist countries smdh