(July 2024 Update)
I started this project in the later half of 2022. Many were seeing the initial cracks of the housing bubble. Skyrocketing prices, builders over building and the initial signs of the insurance crisis. Many others – many within the real estate market, were still wearing their blinders and ignoring the issues that would begin causing the crisis that we are now heading into.
As of July 2024 in Florida we are seeing the highest number of homes in inventory now than we have in years. The highest numbers of days on the market now, takes rising at a faster rate than we have seen in decades, average monthly insurance costs approaching nearly a thousand dollars a month, rents still rising, and today more residents asking why they should remain in Florida where living costs are pushing many more to consider leaving Florida.
- The three Florida retirement hotspots worst hit by HOA law that sparked mass condo sell-off – as real estate crisis deepens (DailyMail.com, 08/23/24)
- Blackstone Is Panic Selling Out Of Florida The Housing Crash Is Here.
- Transitioning From A Seller’s Market To A Buyer’s Market (Zerohedge, 08/14/24)
- Opendoor Facing FINANCIAL RUIN | Housing Market BUCKLES (Real Estate Mindset, 08/13/24)
- THE NEXT GREAT DEPRESSION (Real Estate Mindset, 8/12/24)
- Phase 2 of the Commercial Real Estate Crisis is Here (the banks are in trouble) w/@GeorgeGammon (Ken McElroy, 8/12/24)
- People Can NO LONGER AFFORD TO MAINTAIN THEIR HOUSES! (Michael Bordenaro, 8/12/24)
- Warning! Economic Collapse Coming? with David Rosenberg (Sachs Realty, 08/12/24)
- FLORIDA MARKET ABOUT TO EXPLODE | Shocking Data! (Jared Jones, 08/12/24)
- Did You See What Just Happened In Austin Texas (Coming To Your State Next) (Real Estate Ninja, 08/12/24)
- 10 Housing Markets That Will Plummet in Value Before the End of 2024
- 7 Worst States To Buy Property in the Next 5 Years, According to Real Estate Agents (Yahoo Finance, 08/11/24)
- Condo HOA fees jumped 60% in South Florida in past 5 years. Why higher costs are ahead (Miami Herald, 08/11/24)
- This Florida city was hit hard when the 2008 housing bubble burst—now prices are falling again (Fast Company, 08/11/24)
- 5 Cities Where Homes Will Be a Total Steal In Two Years (GoBankingRates.com, 08/11/2024)
- A reckoning is coming for Florida’s condo owners as buildings face millions in repairs (NBC News, 08/11/24)
- 5 Worst Cities in Florida to Buy Real Estate (Norada Real Estate Investments, 08/10/24)
- Florida’s HOA Crisis: 500% Spike in Liquidations and a Potential Housing Collapse (Building Elements, 08/09/24)
- Hurricane Debby Is Fading But Florida’s Hellish Insurance Crisis Isn’t (New Republic, 08/10/24)
- Gigantic HOA crash hitting Florida. 500% spike in liquidations. (Reventure Consulting, 8/9/24)