The impossible dream? How inflation is impacting South Florida's real estate market

End blackrock / blackstones reign amongst other things.

Majority of these homes will be owned by black rock when the recession hits harder and its time for them to buy. And on top of that international hedge funds that want to secure their money such as china.

😂 good luck idiots

Where are the trumpers who will blame biden for anything 🤣

You can’t compare to California way more expensive then Florida

Good ol’ supply and demand.

Trump is solution.😮

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

Inflation will come down then they will really hook them with a more expensive home at a 50 year mortgage lol!

tip from an old FL Designer/Builder...RUN!!!!!! Get outa South Florida, folks...anyway you can. No amount of wishin' & hopin' is gonna change Reality. Sorry. All this (sea water rise, crazy-hot summer heat, high costs, high insurance,....) is making South Florida (Orlando South) a... WARZONE. If you can get out, please please please..."cut bait" and go!!! psttt...I ONLY build ECOhomes (44+ years), for smart folks to self-build. works for me. BUT...takes a whole different mindset, cause the Owners will have to include "sweat equity". Better than a gym membership :-) buona fortuna, y'all. you WILL need it. Sadly.

THIS IS THE MIDGET DESANTIS STATE. 😆 🤣 😂 😹

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Why aren't people mentioning Extremely high prices.

This isn't inflation its greed

Please got y’all facts straight before you post foolish rhetoric in the comments 📚. Investors, hedge funds and corporate (landlords) only own 2% of rental homes; the rest is individuals, mom and pop (2024, HUD, Commercial Observer, CNBC, Fox Business, Forbes, Wall Street Journal, Bloomberg)💯💰🏠🏢.

This story is intentionally misleading. Inflation is not the issue regarding home prices.

It is the out of control speculation and fake home shortage narrative.

Get out of Florida. Entire state is circling the drain.

Put purchase tax on corporations. Wal street is buying up homes.

What a red state with the highest inflation imagine that

Thanks Ron.

lol...good luck buddy!

'its not 2008 nor 2021' - he completely nailed... nobody has seen such a market where demand is constantly there but sales isn't happening due to high interest rates and inflation.

Never buy a home with another person unless you're married that guy is asking for trouble.

If people want to sell, they’ll have to sell at prices people are willing to pay… eventually home prices will drop in order to meet demand… otherwise homes will just sit stagnant without selling

What nonsense, interest rates are at 7% but inflation is 20% plus.

I Like how this relator flat out lies on the news. Inflation WILL NOT come down. the wealthy are profiting, why would they drop prices for you and me? we're just a little number to them. Wake up and smell the roses people.

Not surprised... Republicans are supporting this stuff for political politics purposes.
Corporations are buying up all the homes, and the Property Insurance companies are overpriced... Republicans are doing absolutely nothing.

Refinance later? hmm better have patience.

They better buy soon before interest rates fall and other buyers drive up prices.

Still, those are some cheap homes. Only $1.9M for that huge place by the water? I can barely get a small starter home for that price in the Bay Area.

As long as investors and corporations are allowed to buy homes, they will remain out of reach for regular working class

Bidenomics at work!

Maybe 10 years later.

Less huricanes on the east cost do why the increase in costs?

Bidenomics

3500 a month means game over for 90% of the population.
Just live in your car and get an LA Fitness membership 😊

That Realtor is out of touch with the real economy we have at the moment. The interest rate is not the main issue for the home purchase. The main issue is nobody wants to pay $650,000 for a home and two years later it’s worth $500,000 because the economy is destroyed. What good is a low interest rate when you can’t guarantee your home will hold its value.

I just bought a house in Florida at 5% fixed rate 30 years.

Can't do nothing but 😅😂😅😂😂😂😂 at these real estate experts

All made up value.

Buyers think it's 2008?? No, sellers think it's 2020 and it's not. We're not in the middle of a pandemic anymore. People are not getting all that COVID-19 money, so we are not paying these ridiculous prices for a home. There are no more bidding wars on $300k-$400k houses. Everything is expensive, even for home buyers. We've gotten smarter with our money and are not about to overpay for a house just because the seller is greedy.

It’s all a scam

I thought Ron DeSantis was going to fix the insurance problem,,😂

Inflation will not come down - People will need to find better paying jobs.

His rent would be $3500 a month also. Rent is no joke right now.

Interest rates are historically average and are far too low when you consider the amount of debt in the system.

It’s the asset prices that are too high.

The 2024 economic collapse is happening. A crash is coming in September or October, as all other crashes have happened in the same time. "Oct 22 1907", "Oct 28, 1929", "Oct 19, 1987", and "Sept 29, 2008". Get ready for it. It's coming 100%.

Keep paying those high prices northerners you will one day regret that decision to move to Florida. 😂😂😂😂

INSANE 😢

The MONEY GRAB IS REAL sad god help us 😢❤❤