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Off-Topic Stock Market & Crypto Discussion

Canefan4life said:
sadly I can guess between 2 homes your talking about off the top of my head lol..

So question, if you list and sell.. do you upgrade and stay in the area or move? Just curious
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I'll leave the area. Traffic has gotten horrible and they just added another light to Indiantown with talks of another. The cost of living has just gotten too high here. I can have a better life elsewhere for a lot less.
 
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JD08 said:
I'll leave the area. Traffic has gotten horrible and they just added another light to Indiantown with talks of another. The cost of living has just gotten too high here. I can have a better life elsewhere for a lot less.
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First day of that light was a mess. Agreed with everything you said. Good luck, hope you get top dollar when you decide to.

I’m trying to go to palm Beach country estates to avoid that traffic of 95/turnpike and Jupiter in general. I work in boca and can’t justify going further south for how crazy priced everything decent is.
 
SpikeUM said:
Real estate is location, location, location, but I have sold two houses in the last 18 months; I listed both well above what the realtor recommended, got multiple cash offers on both within a few days.
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My expensive house has been on the market for over a week, and one potential buyer is interested. Of course, two snowstorms on weekends don't help with showings. Much like you, I listed it way over what the realtor recommended and I'm willing to sit on it for months if needed.

The low end of the market appears to have cooled since the fall due to the higher rates. I'll know how cool it has gotten next week as I've only sold one house since September and it went in 2 weeks for $5k over.
 
CNN..A majority of the Supreme Court appeared likely to uphold a controversial ban on TikTok over concerns about its ties to China, with justices lobbing pointed questions at lawyers for the social media app and a group of its content creators.
That helps META and YouTube.
 
SpikeUM said:
Real estate is location, location, location, but I have sold two houses in the last 18 months; I listed both well above what the realtor recommended, got multiple cash offers on both within a few days.
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Markets have cooled significantly since mid 2023.
 
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TheEye said:
Markets have cooled significantly since mid 2023.
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Which markets? Most of my real estate has either gone up or stabilized (today vs June 2023). Real estate is also very cyclical so by May, I expectvalues to be well above June 2023 just like June 2024. Then the markets cool some in the fall compared to the spring.

I do think we will see more foreclosures on the commercial side which will hurt banks and the economy.
 
90scane said:
Which markets? Most of my real estate has either gone up or stabilized (today vs June 2023). Real estate is also very cyclical so by May, I expectvalues to be well above June 2023 just like June 2024. Then the markets cool some in the fall compared to the spring.

I do think we will see more foreclosures on the commercial side which will hurt banks and the economy.
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Real estate markets were on a tear between mid 2021 to mid 2023. Today you won’t get the kind of demand you did 18 months ago for rent or selling price. Possibly if you put money into updates but that profit is out the window.
 
TheEye said:
Real estate markets were on a tear between mid 2021 to mid 2023. Today you won’t get the kind of demand you did 18 months ago for rent or selling price. Possibly if you put money into updates but that profit is out the window.
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Sure, inflation in 21/22 was massive. That said, I'm still seeing 5% on price and rent annually. IF mortgage rates get into the 5s, I have a feeling we see another bull run so long as unemployment isn't crazy high. Rents aren't as likely to have a bull run due to the supply of apartments. That said, multi-family foreclosures could increase due to the high rates leaving some poorly managed or even vacant.
 
90scane said:
Sure, inflation in 21/22 was massive.
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Was responding to someone saying they listed a home for above Realtor recommendations and still got an immediate cash offer. I would not expect that today.
 
TheEye said:
Was responding to someone saying they listed a home for above Realtor recommendations and still got an immediate cash offer. I would not expect that today.
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2024- I sold 8 houses and only one was below the asking price. 4 of the 8 were above. All under Median home prices in the area so the low in the market is still warm. I have another I'm listing today. Sold my last one in December in 2 weeks and was $5k over.

Florida is a different market. Condos in Florida are a MESS!
LA after these fires will be a very different market.

Those conditions will drive up home prices in other markets as individuals flee those markets.
 
90scane said:
2024- I sold 8 houses and only one was below the asking price. 4 of the 8 were above. All under Median home prices in the area so the low in the market is still warm. I have another I'm listing today. Sold my last one in December in 2 weeks and was $5k over.

Florida is a different market. Condos in Florida are a MESS!
LA after these fires will be a very different market.

Those conditions will drive up home prices in other markets as individuals flee those markets.
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@TheEye I agree with @90scane. In addition to what has been written, because there is almost no new construction begun from '23 forward, you will see rents and prices begin to take off again in '26.

As for me, I sold a house in the Keys in late '23 and a house on Miami Beach in late '24.

Lastly, financial deregulation is huge for the future. Because there is so much pressure on banks NOT to lend, private lenders are getting rates in the teens on quality loans.
 
SpikeUM said:
@TheEye I agree with @90scane. In addition to what has been written, because there is almost no new construction begun from '23 forward, you will see rents and prices begin to take off again in '26.

As for me, I sold a house in the Keys in late '23 and a house on Miami Beach in late '24.

Lastly, financial deregulation is huge for the future. Because there is so much pressure on banks NOT to lend, private lenders are getting rates in the teens on quality loans.
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It’s like I live in a different world than you guys. I priced my father’s home in Crystal River, Fl BENEATH realtor recommendations back in June hoping for a bidding war that never came.
 
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TheEye said:
It’s like I live in a different world than you guys. I priced my father’s home in Crystal River, Fl BENEATH realtor recommendations back in June hoping for a bidding war that never came.
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Central and Northern Florida in general are overbuilt (for houses and rentals), but again if you can wait another year or so, I think you will be fine.
 
Just an update on DJT.

Supposedly if it closes above $40.47 today, may start a significant squeeze upward.

I’ll end this pump with a quote from the holy book.

Proverbs 23:23

Best of luck to all. This is not financial advice.
 

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SpikeUM said:
Central and Northern Florida in general are overbuilt (for houses and rentals), but again if you can wait another year or so, I think you will be fine.
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So literally everywhere in Florida is overbuilt with the exception of South Florida? I’m trying to sell my in laws home in Ponte Vedra.
 
TheEye said:
So literally everywhere in Florida is overbuilt with the exception of South Florida? I’m trying to sell my in laws home in Ponte Vedra.
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You are asking a brutal question to answer because of location/location/location. Having written that, there is simply little land left in south florida to build, so that supports housing prices (condos are a different matter).

In general, the Jville area is overbuilt as well, especially for multi, which impacts SFH. Less informed about PV specifically, but I have folks I can ask.
 
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