Do we think FL is going to continue to decline?
I think it’s got to keep dropping.
Someone’s going to have to buy all these places at a discount when people start dying off
Where in Florida are you looking since we last spoke? West Palm is still impressively overpriced.
This is a couple blocks away from me and totally not worth the coin:
Only benefit is you’re 2 miles from your boy Donnie 
my partners are in Tampa going through houses today with a realtor.
Gotcha. Let’s connect again when you’re down here.
i’ll be in Orlando end of the month and maybe Tampa if i need to approve a buy between a few properties.
i def prefer miami but the ocean-side is still too frothy
Buffalo still showing up in markets experiencing rent growth.
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3 1/2 years ago the builder i worked for closed 80 homes in 12 months. The current retard I work for is lucky to close 20 a year.
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FL is going through the slowest crash ever… we’re shopping on the gulf coast and we’re seeing properties we toured and offered on last year still being listed as ‘pending’ but there is no serious offer on them and they won’t lower the prices.
i figure 20%+ are held in commercial portfolios and they can afford to let a part of thier portfolio languish in an effort to keep (apparent) prices up.
need the bottom to fall out in the next 90 days (fingers crossed)
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FL supply is super high, at least from what I see on X.
My buddy put his patio home (aka HOA prison) in Elma up for sale yesterday. Bought it for 240K six years ago and has it up for 620k. He’ll probably get that and maybe more. That’s fucking nuts.
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the bottom is going to fall out eventually
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So my buddy’s house sold on day 1. Can’t find anything to move into so now they’re looking into building.
Wild. Did it end up going over the 620k asking?
He didn’t say but knowing him he came out like a Rose.
isn’t there plenty on the market in WNY?
shouldnt be too hard to find something suitable.
It’s definitely still a major sellers market in WNY. I have had 4 friends shopping in the last 1.5 years and all have said the same thing. If you’re not coming in with an over listing offer and no inspection your offer doesn’t even make it past the initial filtering. I can’t imagine ever buying a house no inspection but everyone I’ve talked to in the last 1-2 years said if you put the words “pending inspection” on your offer it’s an automatic decline, at least in popular areas. From the sellers perspective I get it. If you’ve got 10+ offers, all over listing, and 5 of them are pretty much guaranteed quick closes because they aren’t doing an inspection why would you even consider one of the offers pending inspection? It’s just wild to me to think there are this many buyers willing to take that gamble.
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