Florida Housing Bubble is STARTING TO BURST!

Over the past few months Florida has been the number one state across America that has seen an explosion in housing inventory. But a lot of people are asking is this really a bubble or a housing crash if prices aren't crashing? Well prices are already starting to come down in certain metro across Florida. It takes time the housing market to correct itself and we're starting to see the beginning stages of it right now.

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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.

[stevegoodman]

Michael never add an opening animated channel tralier. I am so tired of channels with 30-45 secs of clips and music before getting to the meat. Good channel

[mikeross]

How could you not see this coming a mile away. When I live in a basic 3/2 house That is barely sixteen hundred square feet and people are offering six hundred thousand dollars for it. The only reason I didn't sell. It is because where would I go?

[diesel]

People are still asking way to much. Kissimmee, 3Bed 3 Bath in 2019 sold for $178K, on zillow now for $330K, HOA $360/Month. Almost double the price. Absolutely not.

[anthonyvarone]

Home Prices are still insane in Florida!! They Need to drop 50% if not more.

[mcarlkv]

“If the American people allow private banks to control the issue of money, first by inflation, and then by deflation, the banks and corporations that grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson.

[jcogs]

Michael, just visited The Villages pricing homes. Saw a pre-owned home built/purchased in Summer of 2023 for 545K. Seller has the home listed for 830K. Not just the only one with 300K price increase in less than a year. The Real Estate Industry, the Appraisal Companies and the Inspectors are just flat out exploiting the market like Car Salesman. 300K increase in less than a year is goddamned criminal. The real estate and auto industry has exploited Americans for decades. Can’t wait for the crash to hit and let everything burn to the ground.

[fvmssze]

I'm convinced that if houses were given away in Florida, the average person and most college aged people, couldn't afford the taxes and insurance to keep what they got for nothing.

[billyjoesmo]

Prices of homes in Florida went up 300% in the last 20 years dropping 20% is really not a big deal

[rhondae]

I enjoy how you pause to show us the view of the lake with the people on the boats and the animals (ducks, cats, dogs, etc.) and certain landmarks and trees. Thanks for sharing.

[Juliet]

Inventory is exploding here in Florida and prices are coming down. Insurance, taxes, and HOAs are also a problem. Happy Monday Michael, Thank You!

[brettkrehling]

My happy ass is moving back up north when my lease is up. Been here 5 years and it’s just too crowded. You get terrible service everywhere you go and not to mention the idiotic drivers. Sure the beach is nice but the cost of living has went up 50% since I first moved here. I’ll go live with my family and wait for the inevitable correction.

[shiftymg]

My wife works for a big insurance company. She told me that there are many people that moved down here, from out of state & now looking to move back home after seeing these ridiculous insurance rates.Its so bad that some are paying more in insurance coverage than their mortgage & car payments.

[sumdoodguy]

Why are businesses allowed to own so many single family homes?

[maureenmukhlis]

This is exactly what happened to me! Within 2019-2023 my Condo fee, insurance and taxes increased by 80% My retirement dream crashed and I had to move back to South Carolina. My heart is broken! 💔💔💔

[cerial]

Forget the housing bubble. You need to look at flordia's FRESH WATER bubble. Many areas will not be able to supply fresh water within 4-7 years. The surge of new construction is going to skyrocket your water bill here soon.
Wait till your HOA needs to build a water treatment plant. Imagine those monthly increases.

[ROVA]

The problem with making an entire channel based on the hopes that there is a market crash… is that you have to keep telling people that “I know I’ve been saying this every year for 4 years, but THIS time it’s for sure!”

[TimeToBeKind]

A couple in Palm Coast who are desperate to sell because they are having a house built in SC, should be interviewed by you.
They are getting close to be stuck paying for two houses, because they waited too long to sell their Palm Coast house.
Like I always recommend; if you are determined to sell, do it when there’s a bidding war, when no buyer cares about repairs. Dump the house and go pay rent until you are ready to move permanently.

[tg.]

Over $1million for a house that has the power lines running directly into the roof? LMAO! This bubble needs to pop ASAP!

[therussrydereffect]

Listings in Florida are like...$300k home listed for $950k, but just had price cut of $50k🤣

[sherryjobe]

I appreciate you and that you are truthful about what is really happening.