They Are Doing EVERYTHING THEY CAN To SAVE This Housing Market 

If they want to support home ownership they need to let the market crash. Let the prices fall to the point where the average person can buy the average home.

Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

As a former realtor having been through the last crash, it's like deja vu. People I talk to think I'm being overly negative about market conditions. Exactly like 2007 when I would talk my clients out of buying. Needless to say , I didn't earn much that year.

Thanks, Michael! Kelly and I live right on the beach for 8 years in Melbourne. The salt air ate everything...cars, electronics, furniture. There's no escaping it. Now we live on the mainland, but can still get to our favorite surf spots within 45 minutes.....and we love it.

The $16 billion tax credit is just another subsidy for rich builders and landlords. Ugh, it never stops.

Yes Alabama and Arkansas have low property taxes BUT they also have a state income tax that washes it out versus Florida without the NO state income taxes.

A plane ticket to Florida is $200, a ticket to Aruba is $400. I'd rather live some place without hurricanes and crazy prices and just fly in when I want.

I think it would be cool to make a video about steps we need to check into before buying a property. Like flood problems, electricity, heating, mold, carpet in the basement, things renovators try to hide, electrical issues, plumbing issues

What the government gets away with absolutely astonishing. I’m so sick of what’s going on right now. Agents lying, lenders lying, government being outright deceptive… sad time we are living in.

Key words you said is they're helping the mortgage companies not the American Citizens it needs too! Smh

With all out war looming over our heads, I wouldn't make any huge purchases right now anyway. I've been stocking up instead. I'm also amazed but not surprised by many new listings of homes that are completely EMPTY. How long have these homes been kept on the down low so to speak. Very shady business practices if you ask me. Thanks for speaking truth Michael. I share your videos all the time. 👍

Welcome back home Michael & Lizzy to the Sunshine State! I do love California too and over the past 7 years have worked there a lot as a travel nurse. Love my time out there but they have too many issues & high taxes. Florida will always be my home until the good Lord calls me to my eternal home. Check out Viera in the Melbourne area! It’s a beautiful master planned community. A 15 minute drive to Satellite beach. Love your videos!!!

Michael, you're not that far from the beach in St. Augustine. Arkansas is beautiful, but it gets cold and the roads get dangerous black ice. I've been to Arkansas three times, different seasonal trips. Palm Coast was cited online as a hidden gem area. Flagler Beach is great, lots of dining.

Michael, thanks for showing me all of those driveways. They look like they’re aging out and maybe weren’t built with a proper base before paving. Figure in a driveway rebuild on every house in that area. Also, it was nice to see Lizzie again.

Sebring fl is one of the most affordable placeces to live in fl and live on a nice lake. with no traffic and a feel like country living. this is a hidden gem.

Lisi we enjoyed having you in the videos! You guys will be back in Miami before you know it. Michael thank you for the vacation videos. Love seeing other areas of the country. Thank You!

Hope you guys are having a good and safe trip back 🙏💯❤️ I swear it’s incredible how you keep the grind going with the videos! Bravo Michael I do shorts and I get tired I can’t imagine yourself with these long videos 😅💪

I don't want a family residence in my backyard and I have two acres.

Hi Lisi and Michael! ❤ Enjoy St Augustine Safe travels home! ❤💐💝

Adu Accessory Dwelling Unit Basement apartment, garage conversion, dormer. Guest house

Going to miss Lizzy, but will keep following you Michael. You guys inspire me to walk.

There is soooooo much new housing being constructed between St. Augustine and Jacksonville right now. A subdivision build 10k homes and are building another 10k homes now. Plus many others building a ton of homes. I drive around that area all the time for work and see it first hand.

Unfortunately, "We're the government, and we're here to help" has been behind just about every major stupid thing ever. Just let the market do what the market is going to do. It'll correct itself.

This is the reason we have such a screwed up system for purchasing homes. Government meddling started by politicians and taxpayer money. I wish this fails and government needs to get out of the housing market. Also the school financing markets.

I was talking with a senior loan officer at a local bank a couple years ago. One point that came up were adu rentals. I asked if they consider potential rental income toward the mortgage. The response was yes, but with conditions. The conditions I recall were the rental must be a separate dwelling (i.e., separate waste water system) and the rental must be long term.

I would not count on these new insurance companies to stay around long. They are gambling on the homeowners, coming in charging 2x 3x the premiums, collecting a few rounds premium from everyone, and getting out. They did the math, and if there is cash flow, they are in to grab money and get out. Watch, homeowners are going to see a huge turnover in insurance companies.

Never fails, always great content. If you want to know about real estate, nationwide, this is the channel. What a brilliant idea to drive across the country, twice in a year, to give up to the minute reporting on the housing market and what is happening. Michael makes everything so easy to understand. He is a great teacher. If you have not subscribed, do it now, click on the bell and hit the like button. Educate yourself through this channel. I'm going to miss seeing Lisi the dog walker. I hope she will still pop in from time to time.

Feels so weird to watch you i your tank top, while i'm shivering in Chicago weather lol. Love your channel.

23:06 yep they always let the house go when it comes to affording gas to drive to work and to afford to put food on the table. Work and food come first house becomes deserted. Did you watch the Big Short? Houses were abandoned.

Allow money from 401k to be allowed to buy first time homeowners or primary homes

When you mentioned the government giving money for home renovations, I just laughed. I’ve said this on your channel before when you mentioned FL giving people money to pay their mortgage or rent. It’s just another way for the government to provide a type of bail out / assistance to banks , insurance companies and builders. The way I see it, the money for renovations allows banks to keep handing out loans ( that means they keep making money ). It also allows for insurance companies to possibly offer coverage to more homes ( that means they keep making money ). It allows those in building in construction to make money , because people need contractors. It also allows the home buyer to go more and more into debt . In the case of FL, it might* allow for insurance companies to lower prices if the older homes are renovated. However, I wouldn’t count on that, because I’ve also mentioned how our old insurance broker/insurer sent us a bill for over $6,000 this year for our old house. We had many necessary renovations done between 2018- now, including an entire new roof, and the broker absolutely did NOT care or take those renovations into consideration. Luckily , when we shopped around , other insurers did take that into consideration. Prices they quoted were still around $3000, or they just said our house couldn’t be covered due to age . In the end , we did go with Citizens insurance ( insurer of last resort in FL ) , because we would only pay $1800 and it covered our house. We were ONLY able to do that, because our house was paid . If we had a mortgage on the house we would have had to pay the $6k for the home insurance or whatever the brokerage and bank decided. So, no , I don’t believe the money is to help people renovate the home they purchase. It’s to help prop up the banks, insurance companies, and builders.

Michael: "good to be back in FL so I can wear my proper attire" 🏄☀

Well it just came out that San Diego is the most expensive place in the US to live with the average house topping over a million dollars. It used to be more affordable than my neck of the woods, Dana Point CA. Friends of mine who are realtors in San Diego told me highly paid people from San Francisco and the Bay Area were buying houses and renting within the last few years because it was less expensive and and people worked remote, could take an hour flight to the Bay Area when needed etc. Now it has driven up prices and it’s more expensive due to a shortage of real estate. So annoying because San Diego is where I considered moving to. Regarding insurance companies we are going through the same thing that Florida is 😡

Awesome video Michael! Great to see you and your wife! Happy you are back in Florida!

Florence, Alabama! I'd live there if I could. Right on the Tennessee River, good music, affordable homes and great people.

1624 SF for 411,000. You would have to be ob crack to pay that price. Let me know when it gets to 200,000 and I might make an offer.

Welcome back home. Hope you had a nice trip. I’m not sure if we’ve turned a corner or just the cycle for the time of year, but the market in Vegas has obviously shifted. It’s possible that rates have finally done what is needed. Happy to talk you through it, but it’s much more important to keep an eye on what the fed is doing with their balance sheet than short term rates. They don’t need to raise rates if they sell 10 year, 30 year and mortgage backed securities to push the yield curve to uninvert. Bank of America was showing 8.375 with almost a 1 point cost on a 30 year

I’m so glad you are talking about this. I read the article and shook my head. More predatory lending for risky buyers while calling it something else. No thanks I will keep waiting to purchase my first home.❤ I’m glad you both made it bs k home safely.❤

I'm in Palm Coast and they are building lots of houses here. Residents complaining is not stopping it.

Thanks for the video Michael!! Glad your enjoyed the Californian weather. It was brutally sweltering here in Florida for the past 3 months!!

My grandparents bought 2 brand new houses in st Augustine back in the early 90’s. They paid under 80k per house

And they will force you to allow one of those disposable workers coming from the south to live in your back yard rental.

Agreed! I went to School on Miami Beach in 2008 and it was sooooo much better than. Its completely ruined now in my opinion. Not even the same city. A-lot of classic Miami establishments and culture ripped down by soulless corporations and too much development now and too expensive. I was paying $1200 a month for a brand new condo in 2008 on South Beach.

My husband and I hate HOA's as well. Hard pass on legalized harassment. The historical homes is an HOA on cracks, so those are out. That's what has been really annoying about the out of state companies that built here, they put in HOA's. People here rail against HOA's. Currently all the housing prices are beyond ridiculous. I've seen a lot of out of state people trying to flip prices here not understanding how brutal it is here. They come during the summer not realize that only lasts about 8 weeks. Then you get cold. You also have a limited build period because the ground freezes. Then top that off with you can't even hire people. We can't even get a quote for an expansion.

Thank you Michael for sharing your thoughts and information regarding all things Real Estate. Nice to see Lisi with you today. Welcome back to your State of Florida. Blessings, Carlos ✝️🙏❤️😊🇺🇸

There's no lower cost of living anywhere in the US. It's beginning to feel like the same everywhere.

Are they keeping the market afloat bc the thousands of houses that big corps own? It would tank thier portfolios

First of Michael, thanks for taking us on this long road trip and keeping us posted of the housing and insurance crisis and good points. I have learned a lot. No alligators?🤣 Maybe standing water from lawn irrigation? Washing car?……..having no mortgage, we can handle Florida residency now. Taxes are still less than what we paid in NY. But insurance is more. But it’s a wash in today’s dollars. Yes, I have looked some of these statistics up and you are right on! Till next video!

Lizzie is beautiful and I am in love with her hair! 😊

AZ is warm all year round. you have access to lakes, skiing, no hurricanes, no earthquakes. AZ > FL.

Hey Mike, I’m sure you’re already familiar but definitely keep Northport on your radar, most properties are a zero or one on the FEMA flood scale, you can get acreage, lower taxes, still in Sarasota County, Mostly no HOA’s, Close to Wellen park etc. And close to the beaches, that’s where I’m making my purchase at the moment! Plenty of new construction at good prices. Great video, keep up the good work

News outlets announced today that the median price of houses in Los Angeles county is way up from last year and is over $900,000. The city of Los Angeles has about 4,000,000 and the county has about 10,000,000. L.A. county has many blighted ghetto areas so the new statistics are terrible for people looking to buy. I don't know if condos are included. Some economists say inflation is the only way the government can avoid default on debt.

It’s very rare to get snow in North Carolina and when we do it is usually all melted by mid day. Raleigh and Charlotte areas. We also have pretty short Winters. Maybe 3-4 Weeks below freezing.

Great advice on checking flood levels etc. Being "stuck" in fla during hurricane is not for me. Fla doesnt really support the expenses for most people. Outside money and transportable jobs did that. I like 4 seasons and that the bugs die in colder areas. Fla is Jurassic Park! I have a rental property in Fla and Id like more but Im very concerned for future

Home sweet home...Good to see you both safe & sound back in Florida...Lizzie thought u gonna have a stiff neck looking back on those Halloween decors, LOL Trick or treat👻👻❤ both.

“Everything is very old” in Charleston SC lol…that’s why it’s called “Historic Charleston, because it’s OLD.

Arkansas is very beautiful, especially in the Ozarks. They don’t call it the natural state for nothing ❤ I grew up there 👍🏽

Your wife is adorable. Thanks for sharing her. I learn so much from your videos. I consider it my daily class.

I READ THIS WEEK THIS IS THE 7TH MONTH WITH NEGATIVE GDP=RECESSION

I moved from Broward county Dania Beach fla to Alabama I LOVE IT HERE! Bought a modest home on a lake. remodeled it No mortage, vehicle payments or credit card debt. Homeowner and car insurance minimal property tax totally affordable. Sleep so much hetter being in a good place financially. I live in a beautiful quiet area. not far from beautiful gulf baches I hook up my camper and off i go. The weather is great chilly on January not unberable. Alabama is a great state people are super nice too! Great video!

Real estate has always been cyclical. It is no surprise to me that it is coming down from its peak. There will be some good deals out there if you are willing to wait.

That street that you are on is a huge rental community of World Golf Village. It looks way better on camera than in person. That whole area was filled in swamp hence the standing water. That area is quickly becoming a nightmare with over building and traffic galore. The brand new H.S. that services that community now has trailers to relieve classroom space because of all the kids and it's not stopping. Builders have to build; that's what they do. Prices will plummet in that area because of all the new construction. The builders will have to have a liquidation sale soon. Once they could no longer afford the gimmicks, mortgage buy downs, and incentives and when it just becomes feasible to drastically cut prices and take the write off.

I got to experience gridlock in northern S.C. and Atlanta, GA during Irma! I was 750 mi from home and found it mind boggling how many FL refugees sought refuge in SC. My vacation got extended an extra 3-days when we lost power.

We live in a 800 ADU and we pay our rent $1,975 with water and sewer included in Vancouver,WA and our electric bill is like $40. We love it here

A similar rule applies for regular multi-family rentable units However the 80% rule applies which means you can only count 80% of market-value rent for each rentable unit to add to your income. This will lower DTI for mortgage applicant by a considerable amount

The majority of Americans find it difficult to retire comfortably due to the weakening economy. To answer the question of whether you would pay down your mortgage as you get closer to retirement or spread your assets out for income flow so you can keep your lifestyle, consider the fact that some people have absolutely no money saved for retirement.

I just left West Palm Beach Florida and pay the $6 a gallon for my Maxima Sr 2022

So glad I found your channel! I'm currently looking at houses in the California Fresno/Tulare area (looking to buy by 2025) and now that I know what to look out for it's very interesting to keep an eye on the market and notice the little (and sometimes not so little) hints. Estimated home values for almost all the houses I'm looking at have gone down recently, many many listings are seeing price cuts, some sellers are openly offering sellers concessions. Such a great field to be educated on! Plus I'm really enjoying all the cool neighborhoods you're showing us. Makes me wish I didn't have to look in California lol

The question that needs to be asked is ‘Why does the real estate taxes have to be so high’? Can’t the local governments keep from gouging their citizens? The answer is no. They need to over pay the county workers, their retirement programs etc. Problem is they get fat off the income and when values drop the are forced to increase the mileage to keep the taxes high. To get around the maximum tax ceiling the institute SBU’s which is an additional gouge. A SBU is a separate tax annex to your tax bill to pay for services that the tax they already should pay for, like garbage tax, water board tax, tax tax etc

Leaving Miami-Dade next month, cant wait ❤️

Crime rates and if jobs are available in the areas need to be considered also.

Going to the beach IN THE SUMMER in Miami. That’s almost too hot!

Welcome to Saint Augustine, my home town. Sadly it is not the same anymore. So many people have moved here its become crazy over crowded. I would not recommend moving here. I was born here and i can no longer afford to live here anymore 😢

When folk buy a house they need to really check out the area properly and see where the supermarkets are.

Why are people "fleeing" to florida to retire when Property taxes and Home prices are over the top.

Glad to hear you are considering other areas beside Miami! I think anywhere you go in Florida you will pay thru the nose. The Southeast is def a better value with beaches not too far away!

Check out Baldwin county Alabama which is located in Southwest Alabama . They have beaches there and you're close to the Florida panhandle. Much warmer than the Carolina's

I have slide Insurance on the home I purchased back in August. I live in the villages and paid $308K for my house. My insurance policy is $1800 annually. Not bad, although I came from Minnesota so that's the only thing I have to compare it to. I don't know what's gonna happen in the future with that though...

As a life-long North Carolinian, its amazing. I live in Apex, and the beach is 2 hours east, and skiing in January is 3 hours west. Yes, its seasonal, but isnt everything in life?

Every driveway has cracks 🤔.

St Aug is a great place....decant restaurants.. Fair prices

Miami is so far S that it would make sense to get some heat relief up N in the St. Aug. area. My Dad lives in Port Orange & is not having severe HOI issues. Taxes r high in FL ($1.35+ per $100 valuation) b/c of homesteading, increase caps & so many exemptions for reasons besides very low income. If u stay out of the city limits (live in county) in NC, taxes are generally < $0.80 per $100 of tax value & values are revised by the tax office every 4 years. We r looking at moving to Brunswick County, NC & would b < 3 miles to the beach & taxes r $0.57 per $100. $5700 per yr on a mil home. Bob S.

The realtor website has layers built in that you can select that shows the flood zones. I don’t even click on a listing that is in the purple areas.

Hey Lisi!!!! Thanks for the awesome videos, y'all!

I used to live in FL and moved to the Midwest. My decision wasn’t based because of cost of living but because of my significant other. She was here in the Midwest and I decided to move here because I could work remotely and she couldn’t. Also she is a doctor so she’s the bread winner. I owned my house is St. Pete and have no mortgage so I am renting my house in FL and doing well. My significant other already owned the house we live here in Missouri. Honestly it took me a few months to adapt from FL to MO but even though I miss the beach and some other perks of living in FL , I am financially way better now and also now appreciate the four seasons that you get to experience here. I still go to FL often as I have to deal with things as a landlord but I stay with friends so I still enjoy the FL life every two or three months. There’s pros and cons in everything but I am enjoying the pros of living here in the Midwest including the lower cost of living and being with my partner. Thanks for your videos and hope to see you out here one of these days.

I appreciate your coverage of St Augustine. We're buying there in March.

You guys would like north carolina. Just left. Murrells inlet, or Southport. NC. We go to hendersonville nc in the summer months. 2000 elevation. Beautiful.

Can't stand the high heat, cold is what heaters and warm clothes are for. I'll take the $100/year property tax, $800 insurance (I've never collected on it), $0 health insurance, $0 income tax, $0 mortgage, $0 rent, $0 auto costs.

I live in Wilmington North Carolina and close to the beaches, if we ever get snow it would make front page of our paper 😊

You still have to cover the cost for all the repairs for your renter , and when they trash your place ,, well,, you know the out come . ,

Michael I lived over 66 years in NYS and 41 years in the same house .My taxes were 4500 for school and land. The current owner I am sure pays 7000 a year for school and land taxes. We were 3 counties directly north of NYC. Westchester county pays over 15000 a year and Putnam over 12000. You have to deal with snow , sleet freezing rain. I also dealt with cat 3 hurricanes and tornados. Not ideal in my book.

Thank you for your comprehensive analysis of the real estate market across such a wide area of the country. As an appraiser of 25 years, I appreciate the good current data. You are right on the money as usual. I enjoyed going along on the trip with you guys. Lizzy and you have a cool vibe. Please tell her I love her hair.

I’ve been in NC since I was a kid, spent almost 30 years here… stay away from Central NC. Were WAY overcrowded with people, no public works projects to keep up with the population and property taxes are 30% higher than national average. Central NC is also very boring, I know people say you’re halfway between the beach and mountains but you have to drive 3 hours to get to either of those things and it’s not convenient.

Does anyone remember, not many years ago, how many whole subdivisions around Detroit were just bulldozed down? No doubt there was something livable in all of that.

You guys aren’t nearly as bad off as buyers in australia. We have the highest house prices in the world at the moment.

A guy jumps off a 50 story office building, and as he passes the windows of each office office, he waves, and says "I'm doing great so far"!!! RC!!

went to our board meeting last night. We have a $50,000 shortage for our insurance premium for a 75 unit building not on the beach

Been in the market to buy for nearly 2 years now. Homes in the area where I want to buy are selling for much more than they were just 3 years ago. Back then a house would hit the market at 130k. Today that same house would sell for 210ish and with nearly a 8% interest rate. I carry a 760 and make slightly over 6 figures a year and i cannot find a house to buy.

Wanted to say, love your channel and keeping up with what's happening in the housing market. My son and his new wife bought year ago in NC, just before rates exceeded 6%. Glad he's in where he's at. BTW, you wife is indeed lovely and it's good to see her a part of your recent videos. Keep up the good work.

Michael it is everywhere that you want to live; just came back from York, Maine, $ 10.00 for a small cup of clam choudha.