2024 saw a shift in Florida real estate. With interest rates doubling over the last couple of years, buyers have snapped their purses shut and are much more "discerning" when evaluating buying properties. The inflated values and some panic buying of the Covid Era saw multiple offers on many homes. One was my client, selling a half-million-dollar property for 12% MORE THAN ASKING PRICE! Sellers were in control! Ah, the good ol' days for sellers.
Not so for the buyers at the time, but they didn't care because real estate was HOT. People from the Northeast and Western states of California, Oregon, and Washington also saw a mini-mass exodus to Florida and other states, offering more freedom and less taxation. No state income tax in Florida entices people and businesses from less endowed states. Real estate markets in most areas are normalizing to a balanced market of six months of "Days On Market" in Florida and many Florida counties.
With up to $521B in fraud, according to the Government Accountability Office (GAO), and with receipts of proof presented by White House Press Secretary Karoline Leavitt, DOGE is actively working through the corruption and fraud at the Federal level. Did you know the witness responsible for finding waste in government under the Biden Admin happened to be BLIND? Do you suppose the Deep State of corruption in government was sending a message to US citizens? Like, you'll never "see" how clever we've been in laundering money, creating wars, trafficking humans, assassinating presidents, and inflating markets with money printing.
Corruption is bipartisan in America. Nancy Pelosi's Salary: $223k annual salary. Net Worth $202M Mitch McConnell $200k yearly salary. Net Worth $95M.
The talking points of Mainstream Media speak of a "crisis" in government. The only crisis is for those involved in the corruption, regardless of political persuasion. The American people HAVE stated a mandate, an edict, to right the wrongs and balance our checkbooks at the Federal level.
The system is broken. It happens. It has happened many times throughout history. This time MAY be different. No physical revolution or collapse of the currency, we may be watching exactly WHY our Founding Fathers wrote the Constitution as they did, with Freedom of Speech and Religion being #1 on Amendments, and the 2nd Amendment to protect the 1st!
With the experts chosen to lead this new administration uncovering the fraud, we all know the government has been stealing and is still stealing our money. I picture it as a terrible wound. We need to stop the bleeding and then repair the injury. Let's hope we can make government transparent and accountable. A system of money printing, then spending the paper money on an array of crimes against the Constitution, including laundering, will only destroy the people of the US in illegal spending. Inflation, which is caused by this money spending, is the silent tax and is cumulative. It never goes away! It must stop.
We may have already been in a recession for several years. In many cases, the books have been tainted for decades. Red Cross, Foreign Aid, USAID? Are we unhappy yet? It's about time Americans realize the continuation of the fraud will destroy us. Accountability is what Americans expect now. Drain the corruption and make the government efficient and transparent. Let the people govern, which was the original intent.
Here's my update from the National Association of Realtors for the Year 2024. The most striking info is the "Total Existing Home Sales" for the US. The overall number of sales in the US has gone from 6.5M in 2020 to 4.2M in 2024. That's a 35% reduction in overall sales from four years ago. Perhaps recessionary indicators for real estate that have been with us for years, supported by artificially low interest rates and inflated sale prices?
While this may seem negative, it's ok. We can all handle the truth! And we may already be through the worst of it. Recessions are called almost after the fact, and with fake numbers at the Federal level, it's a challenge to surmise.
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