Тёмный

The End Of Florida Condos 

Exploring With Jimmy B
Подписаться 2 тыс.
Просмотров 3,2 тыс.
50% 1

Florida Condos: The Future Is Uncertain. Florida condos are facing a decline in sales due to various factors, primarily related to rising insurance and homeowners association (HOA) fees. The high cost of home insurance has contributed to a decrease in condo sales, as potential buyers may find it financially burdensome. Additionally, HOA fees, which are associated with condo ownership, have increased, further impacting the affordability of condos in Florida. The combination of these factors has led to a slowdown in condo sales, with reports indicating a notable drop in sales volume and a decrease in property values.
Disclosure:
Please note that all the information provided on this RU-vid channel or through it is only for entertainment and educational purposes. The owner of this channel, Jimmy Bitzas, is not a realtor or a financial planner and cannot guarantee the accuracy of the information shared in this video. The information shared is subject to change, as is the nature of the fast-paced world we live in. Jimmy Bitzas cannot be held responsible for any errors in the information shared or any injuries or damages that result from the use of this information.

Опубликовано:

 

16 сен 2024

Поделиться:

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист
Посмотреть позже
Комментарии : 28   
@yourgooglemeister6745
@yourgooglemeister6745 6 месяцев назад
I bought my first house at 23 years old even back then I knew the idea of buying a space in the sky was insane. I bought multiple houses since then and never once thought of ever buying a condo
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
That was a smart move. I did buy a condo because I was a snowbird in Florida. But once I moved here full-time I got rid of it fast. Thank you for commenting. It’s greatly appreciated.
@rosariaroy9056
@rosariaroy9056 6 месяцев назад
My husband and I have changed our minds on buying a condo due to these new condo laws. Once we are ready to buy a home, we will reach out to you Bill. We love the Tampa area, we are headed soon to look further south before making any decisions. Thank you again for the videos Jimmy and Bill! Have a great day!
@billwargin3050
@billwargin3050 6 месяцев назад
Hi, I would be happy to help when you are ready. Thanks for watching our videos and commenting. We really appreciate it.
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
I’m glad you really like the videos. Yes reach out to Bill if you have any questions thank you and have a great day.
@ousamaabdu794
@ousamaabdu794 6 месяцев назад
Just subbed and been checking out previous videos.. Good content.. Do you think with all of the crazy insurance and other costs rapidly rising in Florida there will be far less seniors retiring there in the future? I don't live in Florida, but for many years it was very affordable. Now, it seems out of reach for many as the salaries don't come near the housing prices..
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
Yes, Florida is losing the status as a retirement state. People are leaving Florida for retirement now. Heading to places like Tennessee. Thank you for commenting. It’s really appreciated.
@bergbryce
@bergbryce 6 месяцев назад
The condo market is hot garbage. No engineering firm wants to certify these 1960s/1970s, salt intruded, deferred maintenance nightmare condo structures. Those firms insurance companies are dropping them or raising rates significantly. I predict the normal condo owners will get screwed and lose most if not all their equity in condos while private equity is going to scoop up the lots for pennies on the dollar, demo the shit boxes and start anew.
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
I agree with you they’re going to buy them and they’re going to tear them down and build something new because they’ll be able to afford it because they paid pennies on the dollar. Thank you for commenting. It’s greatly appreciate it.
@dougaustin1328
@dougaustin1328 19 дней назад
And the walls cime a tumblin down!!!!😊
@exploringwithjimmyb
@exploringwithjimmyb 18 дней назад
True
@miked.9364
@miked.9364 6 месяцев назад
Nope sorry Jimmy. You are wrong.
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
It wouldn’t be the first time. Thank you for commenting.
@susansavino3441
@susansavino3441 6 месяцев назад
People will always want to be by the water. There are plenty of wealthy people.
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
Very true until a hurricane comes. Thank you for commenting. It’s greatly appreciated.
@susansavino3441
@susansavino3441 6 месяцев назад
@@exploringwithjimmyb then explain to me why developers are snatching up the property in Ft. Meyers and rebuilding? The rich will always be drawn to the water, look at Miami,the dam place is sinking and still the affluent wants to be there. I live on the water in a condo and we are one of the lucky ones who had a board that kept up on the maintenance and reserves. Yes, our HO A fees went up,but so did everyone else, all over the state.
@anthonymorris1723
@anthonymorris1723 6 месяцев назад
In 4 to 5 years... After the Purge...Condos will be Twice the price!
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
You never know we will see what happens. Thank you for commenting. It’s greatly appreciated.
@anniesshenanigans3815
@anniesshenanigans3815 6 месяцев назад
I don't know how high insurance is in other parts of the country, but 6k a year is more than triple what I paid last year. they have rezoned my house (not a condo) to a flood zone and so it skyrocketed. I will not be living here much longer.. I hope to find a snowbird that thinks that is peanuts and they can buy my house. It has a pool too, hint hint.
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
A lot of people are thinking the same way. Thank you for commenting. It’s greatly appreciated.
@mariaamaro6227
@mariaamaro6227 6 месяцев назад
why is everyone walking?????? really REALLY!!!!
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
lol exercise at the same time
@ca6317
@ca6317 6 месяцев назад
Miami gets buyers from South America. They buy condos and can afford the high HOA and insurance fees.
@ppumpkin3282
@ppumpkin3282 6 месяцев назад
And they don't understand what they are getting into.
@exploringwithjimmyb
@exploringwithjimmyb 6 месяцев назад
Yes, a lot of people can’t afford it. Thank you for commenting. It’s greatly appreciated.
@dougaustin1328
@dougaustin1328 19 дней назад
All dope money😂😂😂
Далее
Inside Out 2: BABY JOY VS SHIN SONIC
00:19
Просмотров 2,6 млн
Is Dr. Phillips the Best Place to Live in Orlando?
11:16
Panic Selling Crisis: Florida Homeowners in Turmoil
18:18
Is Florida Even Worth Moving Too Anymore?
23:40
Просмотров 3,5 тыс.
Is the Florida Housing Market Finally Collapsing?
17:34
11 Awesome Day Trips from Orlando You Should Take!
17:50
Inside Out 2: BABY JOY VS SHIN SONIC
00:19
Просмотров 2,6 млн