The impossible dream? How inflation is impacting South Florida's real estate market
45,545
Published 2024-05-23
All Comments (21)
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As long as investors and corporations are allowed to buy homes, they will remain out of reach for regular working class
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I thought Ron DeSantis was going to fix the insurance problem,,đ
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If we all stopped paying but, that will never happen đ
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That Realtor is out of touch with the real economy we have at the moment. The interest rate is not the main issue for the home purchase. The main issue is nobody wants to pay $650,000 for a home and two years later itâs worth $500,000 because the economy is destroyed. What good is a low interest rate when you canât guarantee your home will hold its value.
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His rent would be $3500 a month also. Rent is no joke right now.
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How lucky am I I brought a house in 2009 in Miami when the banking system crashed. The house I brought two years before I brought it sold for 390k then when half of Florida was in foreclosure in 2009 I brought my house directly from the bank for 140k. Now it's worth 600k I'm probably going to sell it soon and retired overseas.
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Inflation isnât coming down donât be delusional
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Not a word from DeSantis
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GREED WHAT GOES UP MUST GO DOWN
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Interest rates are historically average and are far too low when you consider the amount of debt in the system. Itâs the asset prices that are too high.
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The south florida real Estate market is more resilient than other markets in the US because more people with buying capacity moved in. By the way, the rates wont go down, specially after the last inflation numbers, I know Biden wishes to push them down but it would cause more harm than good in the long run. We are still paying the consequences of bad policies and free printing of money and thats why our dollar is worth less compared to before covid.
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3:25 She is lying through her teeth! IF the inflation comes down your house market price will be less than you paid for and when you ask for a refinancing the bank has to value your house to the market price and not whatever you paid for this which means you will have a negative equity and in order to qualify for a financing you will have to pay down more your mortgage! She is a terrible liar!
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Conveniently left out the words âhurricaneâ and âflood insurance.â I think Biden has done a good a job as any with our economy and inflation. He doesnât have many tools when itâs worldwide inflation. When your insurance payment exceeds your mortgage payment I donât think inflation is your #1 concern.
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3500 a month means game over for 90% of the population. Just live in your car and get an LA Fitness membership đ
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Donât buy. Prices will come down like 2007
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Never buy a home with another person unless you're married that guy is asking for trouble.
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But yet house/ Townhouseâs between the range of $370k - $500k are selling like hotcakes due to the lower price point
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Can't do nothing but đ đđ đđđđ at these real estate experts
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Who cares hold for a decade or more and youâll 100% be thankful
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'its not 2008 nor 2021' - he completely nailed... nobody has seen such a market where demand is constantly there but sales isn't happening due to high interest rates and inflation.
