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Jon Brooks
11.2K posts

Jon Brooks
@jonbrooks
Florida Housing 🔥Net Worth Millionaire in 3.5 Years Selling RE 🚀 $3B+ & 8,500+ units sold since 2020
Jacksonville, FL Beigetreten Ağustos 2015
250 Folgt10.1K Follower

I'm hiring at Compass!
I have a personal mission to help everyone understand the US housing market.
We're adding to the economics team to help me scale that mission.
Our first spot is a Northern California-focused market analyst. If you love the data and you love the Bay Area, check out this role!
(More Compass Econ Team opportunities coming soon. Stay tuned!)
compass.com/careers/?gh_ji…
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@barbarismcrit these are brand new homes. they're updated. but they're crap builds.
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Yeah most people can’t afford to spend half a million dollars for a shitty 1300 sq ft house that hasn’t been updated
More Perfect Union@MorePerfectUS
Sales of new homes in the U.S. have plummeted. The latest data shows sales of new single-family homes down 17.6% — hitting the lowest levels since October 2022.
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@cherrygarciafan and most of the real estate markets haven't even gone negative yet. that's just getting back to near 0 growth.
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@theficouple they say that because these areas are either really affordable or because their housing market is so bad.
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@jonbrooks miami insurance alone is enough to make the numbers fall apart. plus hurricane risk. people buying the dream, not the math
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@jonbrooks Property owners are aware that people from out of state will pay more just to say they have a house in Miami. They buy the clout.
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@CookResearcher yeah miami seems overbuilt. outskirts are also overpriced.
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@jonbrooks We are the early stages of a real estate bust. It’s hit the rest of Florida hard. When will it come to Miami?
Overbuilding signs are everywhere in Miami.
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@jonbrooks Real estate prices aren't crazy in a US context; it's the carry cost. And double whatever HOA they're telling you.
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@IAmAdmirX it's very possible to see a larger correction in the next 2 years if rates remain elevated.
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@jonbrooks Wait 12–24 months. Prices will collapse by at least 20% worldwide.
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@RareLifeRod there's no way. I mean it's like 1300 sq ft house for 600k and it's not upgrades and is attached to another house and is on the outskirts... lol
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@jonbrooks I blame Covid that was the start. Everyone fled to Miami because we were open and free. Not trapped in our houses like the rest of the country with Democratic governors. lol This country is a shit storm but I believe Miami has the highest quality of life right now😅
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@SirBradford yeah, sell off the stuff that doesn't produce any cash flow
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@jonbrooks Private capital trying to find liquidity somewhere
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@jonbrooks Dudes taking profit and redirecting it to oil and gas positions😉
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@jonbrooks People scooping up bargain stocks or waiting it out in cash.
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@DavidJPba i was told gold was the safety asset
i was told crypto was the safety asset
i was told short term bonds were the safety asset
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@jonbrooks Crash before we go parabolic. Should see markets start to bleed heavily over the coming weeks.
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@jonbrooks Liquidity crisis in the Middle East. Back up the truck.
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@jonbrooks Boomers are living longer on average than the generations before them? It's not rocket sciene
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