House price crash in Florida, inventory is up significantly.
Other states should learn from FL, So many SFH are only 300k now in Orlando https://fred.stlouisfed.org/series/ACTLISCOUFL
What is Florida doing to increase supply?
Attracting lots of very old people
Insurance rates, taxes, special assessments going up making it unaffordable to own your home. They have to sell. Meanwhile across the US,decline continues.
Learn what from Florida? Few other states build housing in uninhabited locations.
Florida is way overvalued. It'll be underwater in 10 years
This is likely due to the fact that insurers are pulling out of FL and no longer insuring homes
Even insurers are pulling out of CA
CA will also be only for the super rich in few years. No new buyers at all.
What are good areas to invest in rentals ?
Really prices are down compared to what?
Tell me one thing which Powell did what he said? - Inflation was transitory - low rates will remain for longer - Soft landing 😂
That’s coz no sane person is buying there due to creepy crawlies
Come to Didney Whirl
🫣
One stock market crash and a wave of layoffs will reset the market.
Housing increases during normal recessions
Yea same thing happened in 2007-08.