DON'T BUY A FLORIDA CONDO UNTIL 2026!

Not even people in our government know what is going to happen next when the 2025 deadlines hit for all condos in Florida. One state representative is even warning condo buyers to wait until 2026 to buy a condo in Florida until all the dust settles. This is already becoming such a huge problem for the housing market and may end up spreading to other states.

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Articles Mentioned in the Video

#realestate #housingmarket #homeprices #housingmarketcrash

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[Kin--]

I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

[marvinphillips]

Robin Williams once said politicians should wear jackets like NASCAR drivers, then we would know who owns them.

[rheahorvath]

The bottom line for all of this misery is corruption. 😡

[markshaw]

Sounds like a problem that needs to be addressed yesterday but the politicians are too busy trying to get re-elected.

[JustinFielding-nf]

This is totally unsustainable. Costs are prohibitively expensive. Society will break sometime.

[markfcoble]

Be informed. This channel helps. Educate yourself about banks and insurance companies, their history in particular. They are not your friends.

[RBAILEY]

As usual, Michael is ahead of the curve.

[timsimmons]

Imagine being so naïve to buy a beachfront Florida condo for peanuts and never expect big future costs.... Head in the sand, literally.

[BV-Auto]

Michaels videos should be mandatory for highschool and college students

[amyhudson]

Every time you sign off with “I’ll see you in the next one” I always find myself with a broad smile 😀. Loving your channel as it’s so informative and helpful.

[nicolastimlin]

The whole country has deferred maintenance for many years. Residential, commercial, hotel/motel, retail. The carpets are in tatters, the mechanical and electrical and plumbing are worn out. Roofing is leaking in so many CRE.

[b]

Realtors are unethical for the most part. It is all about the commission and making it as fast as possible. Agents are greedy and OVERPAID

[commonsense]

When the cost of living gets high, congress votes themselves a raise.

[BV-Auto]

The best thing to do is not live in a condo or HOA . Ever

[jennifermarie]

Honestly, they should just release a single PSA for everyone to turn on their notifications for Michael Bordenaro😄

[robertmcgee]

Bad situation for everyone who owns a condo there, a retiree who has spent their life savings to buy there, and lives on SSI is screwed. Probably lots of them in Florida condos.

[jgg]

40 yrs of deferred maintenance being dumped on new owners all at once. This is gonna be an implosion

[jonathanfletcher]

If government officials are telling me not to buy a condo…I feel like I should probably buy a condo.

[kookietherapy]

It will come down to an elite Land Grab, like Lahaina Maui, without the fire.

[thearchtect]

I don't understand how much more the people /system can take this! How are people living!