Naples Florida | Housing in Turmoil

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Southwest Florida's Housing Market Continues to evolve as inventory climbs while condos and rentals suffer the most in Naples. Today I am joined by Naples area expert Real Estate Broker Elina Maranz to discuss the changes she is seeing in and around Collier County in both the sales and rental sectors.
You can reach Elina Below at:
naplesviberealty.com/
#realestateupdate #realestate #floridahousingmarket
✅ Please Subscribe: / @bensellin
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👇 Let me know your thoughts in the comments below
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Ben Grieco
Broker Associate
Call/Text: 845-674-5290
Email: BenFloridaAgent@gmail.com
SL# 3330499
Coldwell Banker Sunstar Realty
2825 Tamiami Trail, Punta Gorda, FL 33950
Thank you all for watching! Please "LIKE" the video and subscribe!
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DISCLAIMER: This RU-vid channel is intended for entertainment purposes only. The owner of this channel, Ben Grieco, makes no representations as to the accuracy of any information on this site, contained within the video, or available in comments. Ben Grieco is not a licensed financial advisor and the views represented are not financial advice nor legal advice. Please consult a financial or legal professional before investing. The information on this channel does not substitute consultations with local real estate agents, mortgage brokers, insurance brokers, financial advisors, and/or lawyers. The information provided is subject to change. The use of the internet and digital methods for communications with Ben Grieco such as e-mails does not establish a formal business relationship.

Опубликовано:

28 май 2024

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Комментарии : 220

@markmccormack1796 Месяц назад

Prices for rentals and buying are still far too high for regular people.

@fabulousglasswarden Месяц назад

It's tough out there with home and car prices soaring, especially for single folks or those with just one income. Even dual-income families are feeling the pinch.

@Plemmonsscott Месяц назад

Thanks for shedding light on the real estate crunch. It's high time prices matched family budgets, even if it means a market correction. Diversifying income outside of government support sounds like a smart move.

@sharonotaylorr7641 Месяц назад

@@Plemmonsscott I get your point about diversifying, but where do you even start if you're not familiar with any?

@GreggVElrod Месяц назад

You're spot on. Knowing where to invest can be daunting, especially if you're new to the game.

@Nicholas.Durante Месяц назад

Very true, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million

@cyclonejunior Месяц назад

I'm a junk hauler in tampa. Lots of people doing moveouts and leaving FL

@HsanchezFLUS Месяц назад

really, i would like you tell us more about it

@theRetainer Месяц назад

I also live in Tampa, and all I see is people hauling stuff around. You can tell people can't pay these high prices, so they are moving out of their current rentals into cheaper areas.

@Bunky1234-q7v 29 дней назад

Left Tampa a month ago. Too expensive, lousy food, too hot. Back in New York where food costs the same or less and is so much better. And the heat wave we are having will be gone in a week or so, not 5 months. Never going back.Tampa is an amazing City, but smoking its own supply a bit.

@user-kk3qg5el1m 28 дней назад

@@Bunky1234-q7vWhen I was in New York I had a hard time finding good food. Maybe I was in the wrong place. I was downtown Manhattan, where is the good food?

@Christine-or3lm Месяц назад

I tell ya, I don't want to pay anything more than 2019 prices because that was already too high.

@ocsugar Месяц назад

Already a huge run up 2011 to 2019

@ralphjessee2688 Месяц назад

100%

@faerydae29 Месяц назад

Same for me. I refuse to pay Covid prices, that’s a massive bubble that’s going to pop. It’s already started to go down. People can’t afford it.

@dsj9831 Месяц назад

It's much more cheaper to rent. Finally a realtor that is telling the truth.

@jayneweaver8695 Месяц назад

I know! She was like Ben, she told the truth. : o)

@elinamaranz Месяц назад

Thank you…I cannot lie…it’s the Jersey girl in me :)

@Jazzykatt23 Месяц назад

@@Dptl what has she lied about?

@Jazzykatt23 Месяц назад

@@Dptl just somebody asking you to back up your statement

@rainy1216 20 дней назад

This was such a pleasant surprise! I follow Elina’s Naples page, and I clicked on this video not knowing she was appearing. So great to get her perspective! Elina rocks!

@erocker78 Месяц назад

I grew up in Tampa and lived in Florida most of my life. I left 11 years ago. Been there done that! Nobody ever listens when I tell them how bad it sucks. A lot of people turn around and leave after learning what it's like to live there. It's been that way for a long time. It's just rarely ever talked about.

@MrDCMiami Месяц назад

I'm a former Board President, multi-year, for a high-rise in Miami which I've since sold. The most important observation I can offer is that condos will never be what they once were, even if prices go back to 2019 or even well below that. That is because cost controls are gone forever and underpaying for routine maintenance is no longer an option. You now have to pay for the sins of the past, crazy insurance premiums and employment costs of today, and reserve funding for the future. Folks, the old model is OBSOLETE and GONE FOREVER. What business would you want to buy if you had no ability to control costs. Absent cost controls and a certain measure of cost predictability, that business has little or no value. At the same time, rents are unsustainable, so add reduced income and uncontrolled expenses. You'd have to be crazy to want that. Recency bias is a killer, and many late-comer buyers are paying a price for that. Your expenses are NOT the tenants' problems. They do not get equity, appreciation, tax benefits, and other benefits of ownership, so don't expect them to automatically absorb those costs. If you think that, you have a hard lesson coming.

@bensellin Месяц назад

You are wise MrDC.

@MrDCMiami Месяц назад

@@bensellin Thanks Ben. Compliments on your continued quality content. I'm also a licensed realtor although I'm not hardcore in the business. At a brokerage I was affiliated with, I gave a 2-hour presentation on the changing landscape of condos and what I feel realtors need to do to best represent both buyers and sellers. It was well received, and they found my board experience provided a good perspective, as well as what I felt could be opportunities to cash in on, and how to distinguish yourself as a professional in this market sector. I no longer believe just matching buyer and seller is enough to set yourself apart from the competition in the condo world. A very experienced broker told me I could actually package and sell it as a seminar to realtors, particularly in areas where condos are an up and coming thing and realtors are not so experienced in that arena.

@77jaycube69 Месяц назад

Well said.

@jonathantaylor6926 Месяц назад

5% of all condos should be HOA owned and rented with that rental income going into an index slated 40 year repairs. If a 100 unit complex rented out 5 units for 40 years and invested that income it would be over 21 million dollars today.

@MrDCMiami Месяц назад

@@jonathantaylor6926 Interesting idea. One idea I had that fell on deaf ears was to open up a tattoo parlor. It would raise a billion dollars in an hour.

@kenschadegg9932 Месяц назад

Refreshing seeing Realtors having an honest discussion.

@michelleg1076 Месяц назад

Unaffordable in naples. Moved there in 2019 left in 2023. Everything doubled except the salary. Run if u r thinking about moving there unless u r a millionaire

@user-kk3qg5el1m Месяц назад

It’s better to visit and leave. It will save you a lot of stress and money

@eugenekeeler6671 Месяц назад

@@user-kk3qg5el1mí

@michelleg1076 Месяц назад

@user-kk3qg5el1m it's so sad because it's beautiful there. 😢

@user-qv8qu3vn8p Месяц назад

The country is going down 👎

@torsten6777 Месяц назад

Sounds like it’s not a place for poor people

@markmccormack1796 Месяц назад

We divested everything thing here in Florida. We're going back up north. We just want a small, quiet place to live where costs don't double within a few years. Craziness due to greed.

@user-oh5cp5bx5v Месяц назад

I lived in Naples Florida for 8 years and actually spoke with Elina several times during that time. She is a well versed realtor. We moved from Naples in 2021- the congestion was getting so bad, the HOA fees were getting really out of control and the people moving in thought they were better than anyone else if they golf or played tennis. We made a good profit moving and do not regret moving at all. Naples is being ruined by the extreme over development and articles saying that Naples is the best place in the US to live- believe me- not true! The community where I used to leave is having a large number of people moving as they are just as disgusted as we were . Naples is not all it is cooked up to be! If you like being stuck in traffic on Immokalle Rd. 24/7 year round, if you like having to pay a "concierge" doctor for the privilege of being their patient and if you like red tide rather than clean beaches Naples is for you!

@OfficialJoshJonez Месяц назад

Love the realness. Learning how to have those heart to heart convos with sellers and buyers is crucial. “I’d rather lose your business telling the truth, rather than gain your business and have to lie”

@craigrose1130 Месяц назад

She was GREAT! Awesome guest Ben.

@markzick9236 Месяц назад

I really like you Ben and of course your channel. Unlike the "guy" who walks around Miami and only fear mongers with negative news, you stay positive and on point. I'm sure your channel will grow and bring you more business.

@bensellin Месяц назад

I appreciate that!

@marylyon1230 Месяц назад

Elina is very very smart. She has a great perspective.

@elinamaranz Месяц назад

❤

@pattiebravata7462 Месяц назад

Great show. I enjoyed Elina's honest approach. I agree the current market is over saturated and many rentals and homes are just sitting. I think builders need to slow down or stop building right now unless they want to lose the shirts off their backs. People are very uncertain about the future with increasing storms, increasing prices in everyday staples, affordable home insurance that's becoming increasing harder to find and so on. If the current building could slow down, maybe the current market could stabilize. Only time will tell.

@cj5trackerat Месяц назад

She was awesome with her openness. Thank you!

@cherylcampbell7495 Месяц назад

Great interview. Lots of fun and knowledge on Florida real estate. Love the walks around town 👍🇺🇸

@bensellin Месяц назад

Thanks for listening!

@drewcave6227 Месяц назад

Enjoyed the call with other agents for feedback on other markets.

@bensellin Месяц назад

Glad you liked it!

@madeleineaudette1586 Месяц назад

Awesome interview with Elena. Good job as always Ben.

@emichels Месяц назад

Surplus of inventory going into hurricane season = sounds like a Perfect Storm.

@JC-cf4rs Месяц назад

400 to 800k in a couple years is not going to sustain. Florida income can’t sustain that

@wkw4095 Месяц назад

Sad for Florida folk, not for us snowbirds that still get to enjoy it without the drama of high insurance, high HOA fees, tax increases. Extended Florida winter vacations are so much better and cheaper than all that craziness. Man I loved Siesta Key beach!!! and I love how Floridians taxes pay for smooth roads, manicured roadways looking like resort grounds. I'll be back soon. Thanks.

@wadeinn463 Месяц назад

No weed.. I’m staying in Michigan. The winters aren’t so bad lately.

@alipainting Месяц назад

😅 I spent three delightful winters in Naples while living in my van and working. What a lovely town. The road trip from my home in Colorado was awesome too.

@michaeldeiters2723 Месяц назад

its best to visit, spend a month, but dont buy

@ctwriter1670 Месяц назад

@@wadeinn463 you know, that’s what I’ve been thinking. It’s just not that bad in the winter. Hardly any snow this year and temperatures mostly in the 40s. (In RI. ). What snow we did have is gone within a week. I don’t know, maybe it’ll change. It certainly seems to be a trend.

@jayneweaver8695 Месяц назад

Great guest! Excellent interview. 😊

@bensellin Месяц назад

Thanks so much!

@PianoMatronNeeNee Месяц назад

Really great interview Ben. Excellent content. Excited to see your channel continue to grow. Top notch channel👍

@bensellin Месяц назад

Always Appreciated!

@samlowrey63 Месяц назад

Talking in nominal US Dollars terms, yes, prices have skyrocketed for housing......it's a hard asset after all, but the value of the Dollar has plummeted since say 2019. Back in January 2019, Gold was around $1290/ozt......today, it is $2327/ozt! IT'S NOT THE VALUE OF REAL ESTATE THAT IS GOING UP! IT IS THE VALUE OF YOUR CURRENCY GOING DOWN! People should get in the habit of pricing their main assets in terms of Gold.......and not paper US Dollars. It may very well tell you a different story.

@enoynaert Месяц назад

I have a relative who just sold their condo at a loss and moved back north. They saw prices falling and decided to sell before prices went into free fall. If you take monthly HOA fees, monthly insurance cost, plus the amortized value of expected assessments, the total is likely to be more than what people are willing to pay in rent or for a mortgage payment. That means that the present value of the condo is zero or negative. It is a hard truth to face if you are a current condo owner, but it is reality for many condo buildings in Florida. Things are not going to get better in the foreseeable future; they are likely to get worse.

@bensellin Месяц назад

You are correct. The carrying cost could destroy the value if the organization was not properly proactive.

@goldenparachute392 Месяц назад

You’re not taking into account the expenses that are included in the HOA fees though. Landscaping, Water, garbage, insurance for the building, gym, pool, hot tubs, tennis courts, grilling areas, security, cable and wifi are expensive if you have to pay for that in a non-HOA property. Apples to oranges comparison which leaves a lot out of the computation. But perhaps your relative had a small, old condo in an undesirable area 🤷‍♀️ and obviously didn’t have enough equity in the property.

@MultiDeelite Месяц назад

Great job Elina! You're smart and you know your numbers

@elinamaranz Месяц назад

❤ Thank you lovely lady!

@terriholliday8038 Месяц назад

Jersey Girl?

@elinamaranz Месяц назад

@@terriholliday8038 did my accent give it away? 😅

@joepingue2120 Месяц назад

Very interesting. I’m a co owner of a property in Sarasota. In the next few years likely will sell. Listening to Ben and Elian is very helpful.

@MarkMphonoman 26 дней назад

Elina provided great info and insight into the current state of affairs in the Naples condo market. Good job.

@PlasmaWolfen Месяц назад

Congrats on 10k subscribers Ben, you've earned every single one of us! Hell of a market with pricing ALL over the place here in Lee County, cape/ft myers area. Things in the same neighborhood with the same layout and basically sqft listed between 319 and 560. Neither selling. I bet the 319 sells first though. Why would someone pay 240 more for the practically the exact same thing a few houses away? Rentals are a blood bath! STRs are just getting straight nuked unless they're in a very good spot. Cash buyer activity is about the same, but they're pursuing deals and know their negotiating position. Sellers with buyers with financing have seen lots of that fall through. Some construction seems to stall. Some finishes but then sits empty. It's just odd. Gives me big mid 2000's vibes. Keep up the good work! I might be a bit biased having been following you since near the start. But I think you've got the best RE channel on youtube.

@bensellin Месяц назад

Thank you sir! Yes pricing is a mixed bag all over the place right now and the weird thing is some of the stuff is selling for absurd prices. Doesn't seem to be really any Rhyme or Reason to the market right now. Very chaotic but interesting. Thanks for always being here for the ride!

@littlebitmckee8234 Месяц назад

That closing price difference for 2019 and 2024 is very remarkable. Just shows you how much money supply and easing happened. I am certain all that price appreciation is not from excessive remodels; it is from excess liquidity. Such a shame. People loved their stimi checks but don’t like the consequences of that now when they are trying to buy homes.

@buddyandswifty2284 Месяц назад

Thanks, Brian, for these excellent interviews.

@jeremyjedynak Месяц назад

New subscriber after watching a few videos. Like the straight talk here about what is really going on in the market.

@bensellin Месяц назад

Thanks and glad to have you on board!

@SShepherd Месяц назад

I took a look south in Naples but for the quality new construction single family, I kept finding the homes were $300k+ higher than the rest of the SW comparables and further east from the coast than I wanted to be with the only benefit of the larger lots. The $1.7m-$2m prices are just too damn high to be affordable there, and wasn't interested in being so far east from the coast that have the lower prices. Reminded me a little of Tampa with the higher prices and limited options inventory wise for high quality newer homes.

@faerydae29 Месяц назад

I’m in Orlando and really wish it would go down here too. Just going back to 2019 prices would be amazing.

@CryptocurrencyTheory Месяц назад

Best Real Estate channel on RU-vid!

@bensellin Месяц назад

😍😍

@MM-kf3gq Месяц назад

Great video, thank you

@davidmajer3652 Месяц назад

"Try to catch the market that is not there anymore" that about says it all. This conversation brings to life all the analytics you have been presenting us. She said houses are at a million dollars, but condos are at $200K. That is a big gap.

@michelleg1076 Месяц назад

Condos r so low because the HOA fees r outrageous.

@Shulamite_Bride555 Месяц назад

@@michelleg1076 So are the HOA fees and taxs on the million dollar homes though

@majorsynthqed7374 Месяц назад

Depends on the neighborhood. Condos in my neighborhood sell for no less than $375K.

@johnharper2016 Месяц назад

Owned 2 homes in Naples, Florida 1990/2014. Had a very good run. Saw what was about to happen and bailed out in 2014 to Western North Carolina. We visit for a week each year just to remind ourselves how lucky we are to not live there anymore. Insurance, taxes, congestion, etc. Good luck?

@brucedaar Месяц назад

It's ridiculous HOA assessments due to new state requirements and skyrocketing homeowner's insurance. Buyer beware!

@invictus9976 29 дней назад

Thank you for your honest information. Do you have any single family homes for sale in Naples? I went to your channel, and couldn't find any. Thanks.

@radiogaga123 Месяц назад

great interview 👍👍

@firstylasty170 Месяц назад

Elina, any duplexes or greater in Naples/Bonita Springs and would the numbers work as a rental?

@webrunner2407 Месяц назад

All of the Seniors that bought these condos years ago are gone. Because of the way the world is right now the clientele have all but died off. Never to return. The new 'rich' are not going to live in the United States anymore. Plans have changed. These realtors are a day late and a dollar short.

@GR-ju4db Месяц назад

"Right now the clientele have all but died off. Never to return." Well, if they do return I'm not sure I'd want THAT condo anyway LOL!

@CaptainCaveman1170 Месяц назад

I think you're oversimplifying, but not necessarily wrong. There's still a lot of foreign money and "New York/California/Military Contract States" money to burn through. Now, IF Trump ends the wars and manages to seal the border tight, there could definitely be a GLUT of properties in the next decade...as the Boomers age out of the real estate game. So it seems EXTREMELY likely to me that prices in Florida are going to be floating downward for years and years. 2019 prices feels like a given to me, knowing Florida's history and the upcoming condo-geddon.

@CaptainCaveman1170 Месяц назад

@@GR-ju4db LOL. Come on, they'd probably be quite friendly. And Cuban. Who wouldn't want a cheap, talkative apparition that smells of espresso?

@cjjohnson4231 Месяц назад

You have to account for the cost to deploy cash and realistic return vs. risk free/low returns as an investor. Paying cash for something you plan to live-in is a much easier decision. Glad we didn’t go the condo route and bought a house in Sarasota 2018.

@ptturboe5792 Месяц назад

Great interview. Rock on...

@bensellin Месяц назад

Thank you!

@johnlibonati7807 Месяц назад

“He owns it outright. He doesn’t have to sell. He doesn’t care.” I think that sums up the baby boomer mentality. They don’t need to sell and the carrying costs don’t affect them all that much if they have a good pension and their kids are grown and on their own. They can hang onto a property until it sells. And if it doesn’t, who cares? One more asset in the portfolio. Why sell when you have cash losing value to inflation every year and a stock market that looks like it is doing well, but is really being held up by 7 stocks?

@ralphjessee2688 Месяц назад

Astute!!!

@sw6118 Месяц назад

It would be interesting to know what percentage of the market is owned by hedge funds and whether they are still buying?

@gregorydepol2655 Месяц назад

I believe that the real estate market is definitely over inflated but with a little patience there are some good properies that come up. I saw a single family home in Naples built in 2019 that was only $425k. It went under contract pretty quick but you can still find stuff.

@alexanderf4152 Месяц назад

Ben, love your youtube videos, I'm up in central n.j., we would love to buy a second place in SWF, often vacation at Sanibel Isl. BUT these new #'s on HOA fees are Ridiculous!!! $1000.00 + per month?!!! Plus rising insurance prices? Thank you No Way........lol not to mention Assessment costs? Of course thousands of ppl are moving back to wherever. Thanks, Alex from N.J.

@bensellin Месяц назад

Thanks Alex! Indeed the fees are nuts. If the carrying cost is going to be that high the prices have to adjust to reflect it I say.

@alexanderf4152 Месяц назад

@@bensellin You are absolutely correct!

@shellzhimself Месяц назад

Really great video.

@bensellin Месяц назад

Thank you!

@jamesclark7316 Месяц назад

She is right! 100% as someone who has lived in Naples for 25years and see it all. This market is crazy now. I bet the condo you rented was in my neighborhood Treviso Bay. 8.5k season and now annuals are down to 2400 a month

@elinamaranz Месяц назад

Lmao yes as a matter of fact the one I mentioned is in Treviso!

@mirandakoggan3914 Месяц назад

I didn’t hear anything about insurance cancelations or increase in insurance. What about the increase of the HOA’s?

@elinamaranz Месяц назад

Tough subject- but for the most part, older homes are harder to insure especially if the roof is old. Hoa fees have gone up due to higher insurance, that is true and higher costs of maintenance, etc

@terrygolden7726 Месяц назад

have to be an idot to buy in fl as its way over hyped. Plus the state sucks too much rain, humidity, traffic, high insurance, prop taxes, hoa fees.

@majorsynthqed7374 Месяц назад

It doesn't rain in Naples for six months, lol.

@caseytheconqueror7958 Месяц назад

Same thing happening in Orlando!!

@wespotter6985 Месяц назад

I'd like to hear from anybody who has experience in palm beach county seasonal rentals. It seems that market is unaffected by the slow down.Prices are still high

@davidduty8199 Месяц назад

@greatpariscars Месяц назад

Great video. Ben, work on the audio. You're in an echo chamber. Get a dynamic microphone. Seriously. Look into it. It will make you sound so much better. No echo.

@bensellin Месяц назад

Thanks for the tip!

@keithtauber4153 Месяц назад

It is beyond insane that people have so much money that can buy a house for $1 million or more. That just seems well, stupid. Where is this all going? What about the majority of us who cannot afford these stupid prices? Who rents for $3,500 a month? $5,000 a month? Crazy town.

@jagpilotohio Месяц назад

More people than you can imagine. I grew up in Corona Del Mar Ca and people out there that want to be near the water or on a hill looking at the water will rent for $8,000-25,000 a month. Thousands of them. It’s weird how many there are.

@RealChrisinAZ Месяц назад

The Boomers hold majority of the wealth and out here in the West coast many of them come in and pay cash. While most of us can't afford that but many over the age of 65 who had a good job all their lives, bought a home cheap are able to cash in.

@jagpilotohio Месяц назад

@@RealChrisinAZ yep. the house I grew up in in Southern California originally sold for $124,000 in 1974. It’s worth $3.2 million now. My mom is 80 now and sold it a while back and cashed in big time. Moved to a $675,000 townhome. Paid cash of course.

@user-oe5ey3ex8b Месяц назад

I grew up in Naples and it used to be a nice seaside town. I lived on Vanderbilt beach long before the Ritz ruined it. My dog and I would run and play on that beach daily. We had many unpaved roads and the Tamiami Trail / Hwy 41 was the one major paved road in town. I75 wasn't built back then so tourism wasn't as bad as it is now. We always had rich mostly retired people but the snobs were put in their place and people lived and let live.

@elinamaranz Месяц назад

There are people with a LOT of money. And they all come to Florida!

@frugalex-maineah6761 Месяц назад

This comment is for Elina. Last June you rented a house on Kent Dr(Lonnie's place that we moved out of). The rent you listed was for 3,500, do you think that rate is still viable this year or has the annual rental market often?

@elinamaranz Месяц назад

Hi Peter! House is currently rented at the same price. It’s probably still about the same if it were to go on the market, maybe a tad lower. Hard to find pool homes for decent prices. Hope you’re well!

@buffaloman5042 Месяц назад

Why are they still building so many apartments along I-75? I cant see them being filled anytime soon..

@dirtywhiteboy7922 Месяц назад

They will be filled with the influx of immigrants who need housing. It's lucrative as a builder because the government will pay asking price for these units and pay for housing these immigrants. hey will be filled sooner than you think.

@maddierosemusic Месяц назад

Not only there, thousands of new units are coming in Manatee County near Anna Maria. My guess is that the builders had all the financing and permits in the pipeline and they are going to build come hell or high water.

@garybollrud8968 Месяц назад

Daytona same thing....apartment explosion. Then you see " free month to move in.". Denial.

@Pfsif Месяц назад

Greed.

@johnbruenn8755 Месяц назад

Condo HOA horror stories will forever keep me out of a condo. As attractive the low maintenance lifestyle is, the HOA risk factors make it unthinkable.

@medusaskull9625 Месяц назад

Condo and HOA properties are bad. People start to realize how much freedom they have if they own single home without HOA fee and rules. I really hate HOA, I hope it would be outlawed and those who run HOA should be put in jail.

@robcyr839 Месяц назад

People fail to realize that FL ranks 29th in income but have some of the highest rents and house prices. Tampa is the worst city in the country for high living costs compared to wages. If NY people quit coming here, FL will turn back into a swamp.

@TheOriginalHuckleberry 19 дней назад

No turmoil. Sell them at market price. You don't want too. .... Ok......... No turmoil.

@paulwagner2089 21 день назад

...and here comes the second big storm !

@bigstickful Месяц назад

And still these nimrods are not dropping the prices.

@mikey291145 Месяц назад

Anything in Naplew around the $150,000 mark.

@JR-eq6jz Месяц назад

This is a great time to buy. Prices will always rise due to inflation. Inflation is the expansion of the money supply and the Fed and government are printing and spending into the economy and it will only get worse. Lock in that payment for 30yrs so you are not a victim of a falling currency.

@firefighterguy07 Месяц назад

Once the retirees and boomer polulatuon disappears, there will be nobody left to occupy residence because not only are home prices, interest rates at all time highs, so are HOA, insurance and tax rates. Completley unsustainable. The only ones moving here are coming from more expensive areas like cali, ny, chicago, etc

@cheezybred Месяц назад

But Tiktok realtors said prices will never drop

@realdeal139 Месяц назад

Left Florida and moved to Puerto Rico for a significant lower cost of living and similar lifestyle. In addition, Puerto Rico has tax incentives one can take advantage of if you live there, the majority of the time. It’s a win-win imo.

@s99614 Месяц назад

The rent is too damn high!

@KJSvitko Месяц назад

Climate change and rising sea levels will make properties in low lying areas and coastal areas impossible to insure. Banks will be reluctant to give a mortgage for 15 or 30 years because the property may be under water. Selling properties to average buyers will become impossible in the future as banks and mortgage companies stop making loans for these properties. Coastal areas are a high risk for insurance and extreme weather like hurricanes. People will have to self insure and take the risk of loss. Condo associations are losing their insurance and if they find a new higher cost policy they will be passing on the higher costs to association members. Flooded cars from hurricanes were filling the salvage lots. Insurance companies will raise rates and pass on the costs and risks to policy holders next year. Coastal properties will be confined to wealthy individuals that can buy properties with cash and self insure for losses from hurricanes or rising sea levels.

@majorsynthqed7374 Месяц назад

LOL, no one cares about rising sea levels here. Banks are giving out loans for building left and right. An investor just purchased hurricane-damaged land in Ft. Myers for $52 million, and has already secured funding for 137 beachside condos on that land.

@JohnH1370 Месяц назад

Try to get a tradesmen to fix anything.. there prices are over the moon. They think everyone is a billionaire.

@rocketpropelled Месяц назад

Hourly service rates have been stagnant for decades. The materials are just quadrupled. Don't blame the service men.

@aliengreen2364 Месяц назад

Yea and then they have taxes, insurance and they’re still broke after you paid “premium” prices.

@elinamaranz Месяц назад

Living in paradise is expensive- for vendors and customers.

@theRetainer Месяц назад

This is a perfect example of how realtors are still high on the pandemic boom times. That said, notice how voice and body language tell a totally different story. The boom times are OVER people. A huge crash is coming, and the economy is heading into incredible hard times. Unemployment is just starting to tick up. Just wait and see.

@elinamaranz Месяц назад

I hope my voice and body language matched what I was trying to say - you cannot price the way you did in Covid times. Not everyone understands that…yet

@user-qv8qu3vn8p Месяц назад

No this country is going under 😢

@Aksteelheader86 Месяц назад

Time to Bleed out the Greed

@BillyT531 25 дней назад

Too funny. They'll all be moving North again they should have never left.

@bobjohnson2172 22 дня назад

Elina Maranz throws her own clients under the bus by publicly stating her clients listings are way over-priced. Why would anyone want to buy a product when the listing agent says the product is way over-priced? If she can't honestly perform her fiduciary duty to her client, she needs to change clients, or change occupations. Also, she encouraged clients to over-pay in purchasing 2022 town-homes, now she says her clients over-paid. Was her generating a commission so important in 2022 to give bad advice to her clients? I'm not hating on her, but I would have given quite different advice than what she gave her clients.

@bmanz8117 Месяц назад

Condos are the worst. HOA'S a joke

@MAJOR-D 24 дня назад

Did I understand this lady gave 400.000 for the house she’s setting in and she. Can sell it for a million dollars? Why is she still setting in it ? That’s double your investment?

@elinamaranz 13 дней назад

Yes my house has doubled in value but we are not ready to sell yet as we still have one kid left in HS.

@4Marktk Месяц назад

"My good friend ..... owns 8 or nine solid properties" Yeah he's a predator, too . Karma time for all real estate predators ? I hope

@elinamaranz Месяц назад

Not sure what you mean? Self made, no one gave him and his wife anything. Made smart investments, retired at 35, moved full time to FL 8 yrs ago, invested his $ and living the life. And I’m fortunate enough to know him And learn from him.

@michaeldeiters2723 Месяц назад

more job losses will pop this bubble,

@shannondavis5728 Месяц назад

Simple Math Human Family….local wages aren’t rising faster than the roof over people’s heads!!!!….just like energy price hikes always increase goods,services & labor markets!!!!!#DrillBabyDrill!!!!!#Trump2024

@ctwriter1670 29 дней назад

Geez, yeah. Always wanted a convict (repeat… freakin’ convict), grifter, shyster, bankrupt, covid-denier, climate denier, pro-oil, anti-environment, anti-woman, fake Christian as my prez. Gotta love those credentials!

@steveg6978 Месяц назад

FLA went all political, add in the new condo laws and insurance and its so long FLA

@willtwain1383 Месяц назад

Decent people have regrets about moving to Florida.

@seanwendygodisamazing6340 Месяц назад

Great interview

@jeffl.dillard8681 Месяц назад

I’m looking to buy a retirement home on Manasota Key or somewhere from Naples to Sarasota within the next 12 months. I’m cash and looking for property in the $1M to $1.2M range. I’m just waiting for the prices to drop. I’m a 20 years realtor/broker so I know where prices will go. There’s still another 30% for prices to go down or more.