You mentioned something in your last video about the truckers that are protesting NYC. You said it was reported they did a 180 and dropped the protest but this is absolutely false! You need to do more homework if you're going to talk about it. The trucker protest is growing by the day.
uhh mike My wife and I snowbirded it to mexico for about 7 years. It is no bueno down there. We speculate that we both have some long term illnesses that we aquired in Mexico. One huge problem there is they have no way of collecting and disposing properly of human sewage and waste and we were living 6 months a year in newer town CABO mexico, maybe worse in older towns. We found out the hard way, there is no wonder why pharmacys are lined up sometimes side by side 100's all over in that town. Everyone is constantly sick there
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especially when you get a hotel room on sale/special. Everyone thinks their house is a gem no one will put their airbnb on special because it's a slow weekend like a hotel
I started staying in Airbnbs because they were cheaper than a hotel. That's no longer the case. With Airbnbs now rivaling (if not surpassing) hotel prices, I might as well pay for the predictability and convenience of a hotel chain.
Air B&B are cheaper than hotels. You have your privacy and have the option to cook. If you go vacation with others you can split the cost of renting with them. I have rented an Air B&B.
And then they still expect you to clean the damn place. Not like "pick your trash up" but actually like "industrial clean room crew" type of shit 😂 People that own houses are way too cocky. 😂
@@angelinaferguson1307I haven’t seen Airbnb’s that are cheaper than your average hotel rooms. Also, plenty of hotels offer large rooms with full kitchens these days too for a great price.
@@angelinaferguson1307 It's not cheaper unless you go in a group and rent a house or larger condo, then it might be cheaper. The kitchen is a plus if you want to cook.
I stayed at an AirBnB for a few days in Phoenix at the beginning of this year. Usually I prefer to stay at a hotel or motel. In fact I use AirBnB only 10% of the time. Hotels provide services and amenities - such as a front desk, concierge, vending machines, ice machine, coffee shop or restaurant, best location, etc than an AirBnB. Years ago the main reason to stay at an AirBnB was because they were cheap and a much more affordable option for accommodations. Not any more. AirBnB now even charge cleaning fees and service fees! Hotels are now often a better deal!
Im happy to pay a premium, within reason, of course, to stay in an Airbnb rather than a hotel. A full kitchen and a washer/dryer are must-haves when I’m on vacation.
Airbnb was amazing until they priced themselves out of the market. The host started creating these crazy demands, while charging more than hotels ,and expecting us to clean while charging +200 cleaning fees.
As a project engineer, I would often rent an apartment for 6-9 months (the duration of the project). I brought a small trailer with basic furniture & "my stuff". The company paid the rent + per diem. This saved the company money over a hotel, plus I had more privacy. I also got to know the area and had many good experiences. The good old days.
I spent 90% of the last 4 years in hotels for my job. The rooms booked always had kitchens and generally were around 300 plus square ft. They are twice the size of my tiny house. We generally payed between $90 and $150 depending on where we were in Covid. We got free breakfast every day and free dinner 2-3 times a week at these extended stay hotels. Most were IHG and Hilton. Points gained and free nights means my last 4 vacations were free as far as hotel goes, plus I get upgrades always. Last time I did an AB&B it was way more than expensive than hotels and I’ve not used them since.
I stopped staying at Airbnb when I realized they cost more and they are more work than a hotel. I literally felt like I was moving out of the apartment when the owner wanted me to clean up and take trash out etc. It’s ridiculous because I paid for cleaning fee.
Why don't you feel like you can take your trash out. lol When I stay in hotels I tidy up and make sure trash is all together...its common curtesy.. Lazy people make having airbnb a lot of work.. Cleaning and sanitizing should be different then being your slave to cleanup after.
Glad to hear AirBnBs are going the way of the dinosaur. When I bought my condo in Scottsdale it was never zoned to be a hotel. Sedona residents are totally fed up.
I agree. We're in PR in a resort area. The worst was post Covid. The lowlife people with their stimulus money had us looking to sell. Now w the price of things, less are able to travel. Good for us.
Short-term rentals are causing big problems here in the Dallas-Fort Worth area. Loud & wild parties, heavy traffic in once quiet neighborhoods, people throwing trash in the streets & sidewalks, cops being called constantly, etc... Neighbors are just fed up!! 😠 😡
As long as the cops are kicking the renters out and fixing the issues, that's all you can do. Eventually, if you call the cops enough, they get the point.
Had this problem in Fort Lauderdale. Blasting music at 2 and 3 am and wild screaming when I need to get up for work and trash and the entire area around my home stinking like weed and massive crime and vandalization increase. Yuck. I want the industry to tank and go away entirely. It’s a scourge on society. Bunch of low class clownery.
Great video Michael :)- The city of Las Vegas where I live has just fined someone running an AirBnb $180k and another person a fine of over $240k!!! Now these people will have to sell their houses in order to pay these fines as the city is refusing to reverse these fines so people BEWARE!!! Please check the news.
$68,000 a year for the property taxes that is insane you work 30 years to pay up your house and then the taxes become like two mortgages after you pay off your house sad America
Since when are you entitled to live in an area and not pay the taxes? Its not a god given right to live in a mansion on the beach lol. Don't like the taxes, plenty of other states and even countries you can move to. Very little in the way of property taxes in many states. Thats the beauty of the country.
Airbnb used to be a way for vacation home owners to make some extra money to pay the bills. Then came the investment players that bought property specifically for that purpose. The market will correct itself, the government getting involved will only make everything worse like it always does.
I'm seriously starting to believe that the current policies of this Biden administration have been hijacked and the country is being run by China, Russia, Iran, and North Korea to collapse the entire system.
@@maddierosemusic they don’t. They believe the propaganda that the housing crisis is caused by Airbnb lmao, conveniently ignoring the fact that over 800,000 migrants entered the country last month alone 🤡
Have you looked to hire cleaning people? Hosts don't make anything on cleaning. You have to pay to keep your dog with you at most hotels. Other fees are AIRBNB fees, which have gotten crazy!
The cleaning fee alone were between $115-130 for a studio Airbnb !!! Then a bunch of resort fees etc and it was $800 for a two night stay in palm Beach. Nuts
I remember being in the Keys in the 80s and 90s. The whole place was lively. Come back 10 years later and it's empty. Most folks left and vacation homes took their place. A bunch of local businesses took off and they never got replaced.
Unprofitable short term rentals are the biggest form of shadow inventory that will soon hit the florida housing market, which is great because the people who actually live and work here need prices to go down.
Yup, people will be in the red especially with new super high insurance rates hitting now. People who financed their AirBnBs will be selling soon. Plus Air BnB is a real job, not some fly by night side gig. If you farm out the management to a company, that's 12% eating into your cash flow.
If you if you do rent an Airbnb make sure you check for hidden cameras & microphones. I was watching a RU-vid video from some former government agent who was showing you what to look for. So creepy.
Mike, I am astounded at what property owners will do to generate income. We live in an R-1 neighborhood close to a university. A neighbor converted their home to a dormitory/frat house. The consequence for us and other neighbors? 24-25 cars parked in the front yard and frat parties with bonfires lasting into early morning hours. Fortunately subsequent legal action made that kind of action illegal.
AirBnbs are a big deal at Lake Tahoe where I live. While I like capitalism, I also realize people buy a house in a residential neighbor for peace and quiet.
In my humble opinion - ALL Real Estate Housing should have to be Owner Occupied by law. Landlords don't care about anything but rent and tenants don't care about the properties. Both end up being scumbags for different reasons. Plus investors gobble up available inventory which creates a shortage that drives up prices.
I don't like capitalism in markets that don't follow the laws of supply and demand. Real estate is ultimately constrained by the supply of land. Land is by definition finite. Should you have to enter a bidding contest over each breath of air you breathe?
So what should they do with all those huge apartment buildings in cities? The owners are mostly corporations who may have never even seen the property.@@marblox9300
Short term rentals and all types of rentals have degraded our neighborhood in Santa Fe, NM. Properties are not kept up. The rental across the street from us now has 10 living in a single family house with 9 vehicles. Their house has a driveway that has space for 3 cars. They park the other 6 vehicles in front of our house and 2 other houses, not leaving room for our guests and maintenance workers. There are some historical neighborhoods that have outlawed all rentals.
NM is liberal. Here in Texas, if someone did that, I'd have the cops move their cars that are in front of my house. Unfortunately with New Mexico, you guys voted in Democrats and that has been your history. That's the price you pay.
my neighbor that owns his home always has parties on holidays and always a bunch of cars on the street. should he be allowed to do this? it ruins my enjoyment of seeing a street with no cars parked on the curb
What a lotta people don't realize is that it's over....not only for S. Florida, but for the whole country. We are only in the 1st inning of this collapse.
You think it's the first inning? The first inning would be more like 9/11. The Deep State ramped it up with blowing up the Towers. 2008 bank bailouts was Inning 2.... etc. Planned-demic Inning 4? Hawaii "wildfires"... Inning 5? Open Borders...Inning 6?
Agreed. I’m in SW Florida on the coast. I’m talking to people who moved here in 2020 and are now leaving to run away to GA, TN, NC. The same thing that happened here with prices being driven into the stratosphere is already happening in TN.
@@johnlibonati7807and the rich type already don’t wanna go to Tennessee they make remarks it’s the same assholes from Florida vacations they go New Hampshire etc old money places
@stevemorlock5366 I work for the Federal Government, and retired military. I'm telling you, many people will suffer, lose housing, go bankrupt but the Federal Government will keep moving on. They are not bailing people out this time. You've been warned!
More like 3 days for me. I"d rather take a road trip. Sitting on a beach gets so boring so fast. I do like watching the bikinis but i can do that at home at the local beach all summer.
Nice video and very informative. i was very close to moving to Fort Lauderdale at the very early days of covid and got bogged down in the logistics and selling my place etc. Fast forward a few years, Im pretty happy i never made the move. The cost of rent, food, entertainment, traffic etc etc is crazy high everywhere, but seems to be even higher in south florida. I still have the screen grabs from 2020 of rental prices at a few buildings along the river in ft Lauderdale and what used to be around $1800 pm is now $3800 per month. Crazy!
Who can afford that, it's freaking insane. And from videos I've been watching it seems to be nationwide AND worldwide. UK and Australia are equally as crazy.
I knew a lawyer a while back who said he was on the no-call list, and he would file legal action against every scammy company that called him. He said he was getting about $1500 each time, and he had gotten paid that 5 times already.
I work all over nj, always on the road. Some towns here have made it hard on short-term rentals. The landlords didn't sell. They split the rooms up individually and put multiple beds in the basement. Now a home that had renters a few weeks out of the month now have 3 families and 15 single men in the basement. Outside the homes 20 trash cans to handle all the refuse. So now they have long term renters, but many. The schools now are struggling because you have a minimum of 2 languages spoken in each class. The tourists that were at restaurants and antique shops dropped off. Prices for real-estate still up. Carefully what you wish for.
Yeah, that happened on Cape Cod too. You rent to one dude, the next thing you know you got 3 families, sleeping in shifts. Or multiple young men sleeping/working/driving in shifts. Impossible to evict....all using the water and septic system...at required landlord cost.
I have large duplexes on the road behind me that had mostly gone Airbnb. Could always count on anything from reasonably loud music too all out loud parties from Thursday to Saturday. They’re not allowed in Oakland Park, Fl which is basically inside Ft Lauderdale. It was a $500 fine but they were charging $2500 for the weekend so $500 is nothing. This is per side. That place, along with most others are now for sale. Obnoxiously stupid price, but for sale. It’s so much nicer now.
I know someone personally who has an Airbnb in Oakland Park using a triplex… Airbnbs are not banned in Oakland Park. There are about 200 airbnbs in Oakland Park.
When I lived in Denver, short-term rental was limited to property that is a primary residence. I think that is relatively fair. Your neighbors can have guests, but you aren't putting up with absentee landlords running a business in your neighborhood.
Unless you have a family and feed them meals and the place is accessible to the beaches / attractions. For a single person, often a hotel makes way more sense.
FL is going to bomb real estate. Ppl bought vaca rentals at high prices, cant go down on rental rate, ppl dont have stim money, and fees are crazy high. All is a perfect storm.
Florida will get rocked in a recession. They have zero industry. Some farming but that state runs on 90% tourism.. and vacation is the fist thing cut out of peoples budgets in a recession.
In my humble opinion - ALL Real Estate Housing should have to be Owner Occupied by law. Landlords don't care about anything but rent and tenants don't care about the properties. Both end up being scumbags for different reasons. Plus investors gobble up available inventory which creates a shortage that drives up prices.
Only allowed where it is zoned to be high impact business. This keeps the low impact businesses like corner delis and bakeries in zoned residential areas. It's how Japan does zoning, and their real estate prices in Tokyo isn't actually insane
Simple. Foreigners come to SoFlo paid cash for the properties, then the properties got refinanced and finally the money goes into the stock market. Laundry money= clean money! Who cares if the property gets bookings....
I live in Tampa and I get one or two live calls a week asking if I want to sell my house. South Tampa is a very desirable area but most of the houses were built from the 40s-60s(mine was built in '54). Of course most people prefer a house that is brand new or at least less than 10 years old. So we have tons of developers here who buy the old houses, tear them down, and build a new two-story McMansion with a two-car garage and a big, expensive kitchen. Then they sell it for $800k-1mil. Back right before the '07-'09 real estate meltdown, we had more flippers than developers I think. I'm sure that some of the larger older houses are still getting flipped, but most of the houses are just too damn small. Mine is a 2/1/0, 1000sqft, and according to sites like zillow is worth 475k. OBVIOUSLY the house is actually worth 100k MAX. It's only because it's in South Tampa and close to 6 schools and the lot size is over 9,000sqft that makes it worth 475k. And if a developer has deep pockets, if they get someone to sell in a great area they will desperately try to get one of the neighbors on either side to sell too. Then they build 3 two-story narrow but long McMansions because of the huge lots. That really pisses off those of us who have lived here our whole lives because we like having large lots. If we wanted to be able to reach out our side window and touch the neighbor's house we would buy a house in a fucking HOA.
@@DIVISIONINCISION But it is objectively a change for the worse. 95% of the area the houses are spaced out so you have room for your kids and dogs to play in the front or back yard. You have room for a swing set, a garden, or even a pool. No one objects to the new houses. While it's true that the old ones are one floor, no one minds the 2 and 3 story homes because they look very nice. And because people paid a fortune for them they take good care of them.
Yeah my realtor calls me now and then telling me someone wants to pay cash for my place at Marco Island. These people are from Canada and Europe. I can understand why being that my condo building is designed hurricane/flood resistant and a quarter mile from the gulf coast with waterways. The calls started after Hurricane Irma hit Marco Island years ago.
@@blackworldtraveler3711 I'd say I'm 1/2 mile from Tampa Bay. According to the evacuation maps I'm literally on the B side of the A/B line. The next time we get hit(last time was 1921) my house will be washed away. But I'll still have the land under it that has all the value. :-D
If you’ve stayed in an Airbnb, you’ve been on candid camera. In the bedrooms, in the main rooms, maybe even in the bathrooms. There’s a lot of creeps out there. Sleep tight!
Michael, I have an Airbnb in Fort Myers Florida I’m always occupied I never have a problem I make over $3500 a month during season and I lower my rates to charge anywhere from 1900 to 2300. If I can get it. bottom line is I’m not doing it as an investment. It’s a guesthouse behind my main house that is the whole point of Airbnb. It’s not to go out and buy other properties and then try to freaking charge people more money so that you can double up on what you’ve just Put down as a “investment”
How long you've been doing that? I'm sure STR game is pretty strong in the area considering it got wiped out. And you are essentially doing the same thing with a non productive asset and charging rates so you get full so how is it not an investment? Do you tell the tax man thats not investment income? Why not offer it for free then? The reality is its a market, and it should be zoned as such.
@@davidmann2524 I am actually one of the only registered Airbnb’s with the City, I pay every year a fee to have my 30 day rental, per their code. Then to answer your question, I pay taxes on the money I make, on top of Airbnb taking the city and state taxes. It’s my home it’s a separate property on my home, it was never intended for an investment. It is just another job.
Plus your there to keep your paying guests under control. The one next to me is absent....so no oversight. So far not a big issue, except they allow dogs, which sends my dog over the edge, new dogs next door every other week....lots of fence fighting going on.....
We used Airbnb all the time, until the fees got ridiculous. Now we just have this SUV tent thing that we camp in when we go on vacation to remote spots, so much better, and hotels for the cities. If they got cheaper again I would consider going back, but it would have to come down a lot.
And I’m sure they’re going to start looking at properties where homeowners are potentially renting out rooms because I bet my life that most of these owners are not reporting that income. I think I’ve seen the city of Miami cracking down on homeowners that are putting RVs in their backyards to use as rentals.
I don’t see the problem there. Maybe homeowners need help too. They both benefit from it. I have seen it 4 times in my life. Homeowner just got divorced or in debt. He/ she ended up renting one room for 3 or 4 years and saved his home.
Personally, I'm very happy that many local municipalities are cracking down on Airbnbs. They've cropped up in huge numbers in residential neighborhoods, and families don't appreciate the constant turnover of transient strangers. You're right about the prices, Airbnb's have gotten so expensive with rates + fees that they are even more expensive than most hotels! Their service sucks as well if you have an issue with a rental unit.
My strategy for dealing with those AI calls is to answer the phone but not say anything. The AI is expecting the hear a 'hello" and when it doesn't detect one it disconnects within about 15 seconds. If it is a real person that is trying to reach me about a car I have in the shop or something, they will usually start talking first after the initial pause.
Dealing w/ Airbnb rules and what-nots. Rented a large house in San Diego in a upscale neighborhood near the beach that left a bad experience where the owner came in @ midnight to do her laundry while i was present and sleeping. We had to do laundry too as well but it shared a garage that stench of birds. I reversed checked the home on zillow to see how much property tax per a month was, dyam; home worth 2.5 million and property tax was $2-3K a month. Feels like a burden paying that much property tax.
The AirBNB's have gone crazy with prices. I was checking prices for a week out of town last year. It was about $4k for a week in an AirBNB or $1500 for the week in a nice hotel with all the amenities. It looked like reckless spending to me. I rather just pay for the hotel and not have all those extortion fees at the end on top of the already overpriced rental cost.
You are better of vacationing off-season and then you get the best deals. This past week in Orlando was nice. Yes, tourist traffic, but the locals told me that the week before was bad. The strategy of vacationing is to go when most people can't/won't travel.
Florida - AirBnbs - rent too high - fuel prices too high - food prices higher than surrounding states - health care costs too high - insurance rates too high - RV campsite rentals too high - it's no longer a good vacation destination because everyone is trying to cash in on the tourists . Visitors have realized they are being gouged and don't like being screwed.
Yeah nailed it. When your major industry is tourism, you can't be a high cost state, it doesn't work like that. Especially when a ton of tax revenue is from accommodation fees and taxes for out of state tourists. Push is about to come to shove here and why they kept the balance of fed funds instead of giving it back to the taxpayers of the state like other states did. The idea of turning this place into a tech hub completely died based on start up activity numbers in the past year, not too many educated tech workers like the new Florida culture. Gates is probably pretty annoyed about his massive investment into Tampa, he really wanted to turn it into a tech hub.
I was in Orlando for a week. Found a mid-level resort hotel for $300/6 nights. I don't know what you consider "too high", but that was a great deal and it was in a central area.
@@DIVISIONINCISION That was a fantastic deal!!! I wouldn't visit Orlando or Florida after having grown up there, you couldn't pay me to spend a week there. How about that couple in central Florida that lost their child after they rented an Airbnb that was just previously used by a bunch of druggies who were partying doing fentanyl? The child accidentally ingested fentanyl and died because I guess that cleaning fee wasn't adequate.
"All inclusive" resorts typically aren't all inclusive. There is usually about 6 levels of inclusiveness, and you pay more for each level, plus you are expected to tip.
Because tradition has allowed greedy capitalistic owners/CEOs to pay many of the lower tier workers so little that they often can't afford to live anywhere decent nearby, unless they share a space with numerous other underpaid workers, and can't even afford food, so they get on government (taxpayer paid) supplemental food programs, and the greedy owners/CEOs think they can pay so little because traditionally, customers are expected to tip high enough amounts of money to allow for the workers to make enough to survive. So companies are able to save $ by underpaying their workers and expecting customers to basically pay the rest of their salary!
The sheep always want to baaaaaan this and baaaan that.When the government, local or federal start telling you what you can do with your own property. It sounds pretty frightening to me.
Thank you to our host for this walk-around tour. Some “investors” purchased additional properties to rent out short-term rentals. Now, the model has changed.
I left Florida for California due to costs, especially home prices. My income has increased 3.5x in Cali with perfect weather. I'm in healthcare for reference. In our area near Jacksonville half the homes were short term rentals. The others were definitely tax shelters renting for 6kmo and empty forever. In the last few months the inventory there has skyrocketed and I'm seeing big price cuts. Homes that sold for 200k in 21' were listed for 450k and now down to 300k in one instance. Florida just isn't worth it. I'm from St Simon's Island just north of Jax. That area is home, but not anymore. Between the decline in working conditions, COL and the increased in severe hot weather and hurricanes it just doesn't make sense. California isn't perfect, but I can afford to live and I can be active year round.
I had a client rent a high end AB&B in Hawaii. The a/c was locked out and the owner had a long list of rules. The owner nickled and dimed these people to death. A miserable vacation. They are going with hotels and resorts in future.
I've been traveling for the past two years after selling my house, sold most everything, it was freeing. I spend less per month than before and I don't have to cook, clean or make my bed.
It’s so interesting when I see videos on short term rentals and all the parties and problems. I’ve had both short term and long term rental properties and I’ve had many more headaches with the long term rentals than the short term. I don’t do the short term anymore because don’t have the time to manage them, but the renters were much easier than long term and never had any problems with parties or anything like that
This is true, bookings are down. But unbelievably, stocks of vacation interests like Air BnB, Norwegian Cruise Lines, are at or near all time highs. weird.
My wife and I stay with her sister, in Miami Gardens/Hialeah, when we visit the Miami area. A couple of times we visited for special occasions, her house was packed, so we looked into Airbnb, but all were either too expensive, with outrageous cleaning fees, or in shitty neighborhoods. Three hotel rooms, just a couple of miles away, were cheaper for the number of days we were there.
I work in a mechanical department. They hired six people and earlier this week they rescinded their employment offers before their start date. We are short on staff and have less people working for the place than pre-pandemic.
Before Anirbnb or VRBO there were the walkers. Senior men who rented out their homes in high season, lived with friends and made money accompanying widows to charity events, walkers. - Olde Florida PB
Which is like saying "well everybody speeds", which as we both know is not a defense. 😂 (Ironically, maybe DT is the good bad example who will actually make NY realestate more honest and upstanding.)@@pmscalisi
Did AirB&B/VRBO coupled with low interest rates pour extra gas onto the house price increases? I was surprised those business survived during 2020 because hotels have more cleaning/sanitization regulations. I'm a bit torn on the subject though. On the one hand the govt shouldn't tell people what to do with their private property versus the tragedy of the commons when bad actors ruin the experience in the neighborhood.
I hate those phone scammers because often they take advantage over elder people who's intellect is declining. If the government really cared, they would resolve the problem. I've heard that in Russia they did it.
Fast forward to what what's happening is a lot of seniors are getting rid of their homes and they are going to resorts and hotels and finding it a hell of a lot cheaper.... They are downsizing getting rid of most of their belongings and loving life!!!!
I would check and make sure never to buy a house next to or close to an Airbnb. Loud noise, drug parties, who wants to live anywhere near that? I read about one Airbnb in Florida that booked a few nights with people that were partying and did fentanyl in their home and a couple with a young child rented it shortly thereafter and the child died because he ingested fentanyl residue from the prior people that had their drug party there.
AirB&B used to be a cheaper option. Now they are as expensive or far more expensive then a hotel room and in a hotel you don’t get hit with a cleaning fee or are expected to run the dishwasher or take out the trash. AirB&B are just not a viable option anymore. It’s business and the fees are too high.
NY property is mind boggling. Some properties sit empty for decades. That state has made it more profitable for property owners to keep them vacant than rent them out due to tax right offs.
You have one of the most honest and informative channels. I look forward to your insights into the happening(s) here in Florida. You are spot on concerning the AB&B situation(s). Strong work!
Yes, Air BnB implications. SoCal RE attorney here. One of the biggest scams for new RE licensees is all the work they do and fees the brokerage charges. Simple advice, don't be a fool. ~$80k / Year as an experienced licensee? Nah, there are easier ways to make $. LOL, even the host is working out of his home. I'm enjoying the content of this channel.
Must be illegal democrats in the FL House and Senate. More regulations and policies. More taxes to make renting them more expensive. HOAs and home insurance costs going up and thus making it harder for the blue-collar worker.
Talk about a coincidence: today I got a voicemail, but the phone never rang. This was the first time that it happened to me. They were selling a home owners warranty. I’m glad you mentioned this anomaly, because I had the phone with me and I know it didn’t ring, and I couldn’t understand what had happened. Thank you!
My little sister just graduated from UM--I went to Niva and we're from Coral Ganles which is a pretty BUT BORING neighborhood that always was/is overpriced.
On my way back to Orlando Airport (MCO), one of the other passengers remarked that if I thought Orlando traffic was bad, I should forget about Miami. I have heard nothing good about Miami, even from people who live in Florida.
In past times, older widows with some funds would often live in nice hotels, all inclusive as you say. One person living ala carte with maid, meals service is very expensive. I'm not a city type though.
My buddy uses ringless voicemail to call his patients after surgery. That way it seems like he called and the patients are impressed but he doesn't even have to say a word to them
I lived in Florida for 22 years. I was just east of Kissimmee and I never saw so many RENTAL PROPERTIES 😮! After having a Real Estate Agent as a neighbor I got to learn more about the rentals. You are spot on by saying they are investments. Mostly for people in Venezuela and Colombia at that time. Some owned more than two rentals and made good $$$$$.
The write off against income is exactly what they are doing. That and capturing the rise in the property price means actually renting it out is just to satisfy the IRS.
This topic is as baffling as everything else in real estate. Glad you mentioned Palm Springs. It's one of the only really desirable towns in California where the supply of home and condos for sale has exploded in recent months. It's like a normal market there! Maybe the only place in the state with housing inventory. On the other hand, New York City cracked down on Air BNB's and that change did nothing to the market, rents and sale prices are just as insane as the past few years.
My family's been in our neighborhood in Broward since the 60s. Prepandemic prices were around $500k. The only houses being sold under $2M are by owners who bought before 2020. All these ******** who bought in the last 3 years are trying to flip at a 50% increase after ripping out all the landscaping and millennial graying out all the original architecture. I hope they all go upside down. Making a business out of housing is on this level is repugnant.
I basically grew up in Fort Lauderdale stayed at my cuzins every summer there and loved it. I wish I could afford it but it looks like I’m staying in Michigan. It’s crowded in SF now anyways. Shame
