Florida is Now HELL | Insurance Companies REFUSE to Pay! (Full Tour of the COLLAPSE)

hey what's up guys John here you see these pods in front of everybody's house here in Florida where I am right now in Sarasota another major storm another major crisis just unfolded Sarasota County left underwater after tropical storm Debbie made its way up the Gulf Coast earlier this week There's a real problem here the county needs to step up and own it and resolve it and get this water out of here but it's not just here in Sarasota another similar situation happened about 2 weeks ago in Fort Meers storm surge flooded roads on Fort Meers beach today shops and restaurants saw the Water Rising at their doors we are trying to leave Fort Meers Beach but as you can see the roads are almost completely inundated with water over here this all comes after many are still obviously rebuilding from Hurricane Ian when you pay attention to what's happening inside of Florida's housing market and you look at what America's biggest home builders are doing you're going to learn a lot in fact it's quite shocking what these insurance companies doing alongside these home builders insurance companies in Florida regardless of your coverage in this specific neighborhood they are refusing to cover any of these problems refusing no matter what your coverage is insurance companies have closed a majority of claims nearly 86% nearly 200,000 claims have been closed without payment translation Floridians didn't get a Cent and so some of these homeowners said hey John just to fix what was done here between 200 and 275,000 out of pocket and most of these homeowners they don't have it mean the average home price in this neighborhood was somewhere between $550 and $700,000 it's 50% of one's home's value was lost inside of this crisis we've been putting away $7,000 a a year for 13 years so that's over $100,000 we're not spending this for anything else unless something happens to the house giving away to them and they'll just keep raising my rates no matter what but America's Home Builders the lenars of the world these major corporations and what they're building next to all of these disaster zones it spells one thing a major Rog pull on sellers home equity neighboring communities like Artistry are high and dry wondering why Laurel Meadows flooded this badly because they're building these mega mega cities some of these communities are 5,000 6,000 homes inside of a single Community you see that Community right there it's called the seaflower these investors just pulled money together to buy an 1100 75 Acre Farm to build 4,000 houses they're going to have restaurants shops grocery stores everything you could possibly imagine right here on site and when you look around what's going on in the State of Florida this is happening everywhere in Tampa in Sarasota in Miami in Fort Lauderdale all these neighborhoods you start to see these developers hopping in and buying these properties these major Parcels to build th000 2,000 3,000 units at a time the amount of construction unfolding right now in Florida on top of this insurance crisis that's happening and this affordability crisis it's really tipping everything in favor of the large investor and this I believe is going to be a trend that's going to grow as we see insurance rates on properties Skyrocket in the years to come thousands across South Florida are being told they will need flood insurance property insurance rates are probably going to continue to climb in Florida We already pay at least three times the national average in premiums to Ure our homes it's cheaper to ensure these properties they offer rate buy Downs they offer all these different incentives for home buyers that retail sellers simply can't match all of these perks for home buyers what does it mean for this person and this person and this person and all these other people that now are going to be many of these are going to be forced to sell in this video I'm going to show you what's happening here what these massive home builders are doing and I'm going to show you some other sections of Florida as well that are getting completely obliterated right now and nobody is talking about this and I think it's going to Forever change L's housing market please hit the like button when you hit the like button you people share this content educate more people about what's really going on in America's economy I'm going to give you a tour of what lar one of America's largest home builders is doing right now because they know where Americans are and they're building according to that 80% of Americans cannot afford to go through a fast food drive-thru 40% of Americans behind on bills so if you were one of the biggest home Bild Builders would you be building beautiful three bed two bath houses or would you go very small a micro unit something super cheap that people can afford you probably go micro units and that's exactly what lenar is doing so look at this property here look at this so here's the kitchen this is the kitchen here's the living room right behind me right then upstairs it's one bedroom and that's it it's a one-bedroom I mean you might be able to get off with a uh making it a tiny tiny tiny two bedroom but that's essentially that's the upstairs right this is the upstairs there's the roof they're already framing it that's it looks to me like a one-bedroom now when you go through this community which I'm going to show you right now you'll realize exactly what this means for everyday homeowners that live nearby average home price in this neighborhood three bed two bath it's about $650 to $750,000 these new homes lar is selling them starting at around 500,000 so when you have discounted insurance and everything is done everything is brand new and they're buying down your interest rate so it's cheaper on a monthly schedule which property would you buy if you were a homeowner or you wanted to be a homeowner you would buy the one that's cheaper every single month and that's done and so what does this mean when Florida has all these disasters and insurance is continuing to go up whether it's flood or tornadoes or whatever it may be it's going to mean a lot of equity is going to get ripped from these property owners that think that they're sitting on you know a property that's worth so much money in reality every time one of these communities pops up the value goes down further and further and further supply and demand dictate and determined price the average insurance policy in Florida in 2019 was $1,900 per year now depending on the area it's between 7 and $1,000 per year just the insurance policy alone is more than the average car payment in America so you start to think about that and that's where rates are now you just imagine where rates are going to go in the next year the next two years the next 3 years right they're going to continue to go up and that's why America's largest home builders are building these small small micro units they know consumers are in very very very big trouble and they're building accordingly look at this this is lenar right this is read the sign lenar and it's not just them all of these major players all these major home builders are doing the same exact thing they're building small micro units and they're also building very small two and three bedroom town homes cuz they can manufacture them at a very low price point at a price on which some people can afford this is the future Amazon Tak over basically everything this is Sky Ranch this community here over a th000 Acres this used to be a ranch and now it's 1,200 houses under construction 360 Town Homes entry-level price points are in the 300,000 range going up to 700,000 but when you have all these mini cities and basically Amazon all these major conglomerates are going to be servicing them all America's walking into a major period of change I'm gonna show you this neighborhood and show you kind of what's happening in Florida that you won't get anywhere else major home builders have a whopping 20,000 single family homes under construction inside of Sarasota Florida and the surrounding communities now when you look at what is happening with all of these disasters you hear that noise in the background it's called a dry R machine these Builders are trying to pull the moisture out of these properties from this flood that just unfolded this big flood I'm going to go show you this machine and show you what's going on here cuz it's unreal pay attention to what these big ERS are doing because I believe it's going to change everything about America's property values especially in Florida where insurance is a crisis for homeowners for example these Builders they're offering discounted insurance rates you could save up to $1,000 per year buying new construction and they're doing rate buy Downs so these properties are selling between 500 $525,000 to buy a home in the community across the street those pre-existing homes you look at somewhere around 700,000 000 with today's mortgage rates and those in those insurance rates you're looking at $1,600 extra every single month in an affordability crisis who's going to win that game what home seller this one offering the discount and I believe these discounts have just started I'm going to show you what I mean look at this look at this it is absolutely absolutely crazy so look at the machine it's linked directly inside of this property now when you look at the amount of homes being built in in Florida's big cities I mean Miami's got 40,000 units right now under construction just inside of Miami got 20,000 here under construction rents are already coming down so in an affordability crisis he or she who offers the lowest prices wins the game but most homeowners have a ton of debt on their property and they don't have the flexibility to lower prices look at this 24-hour emergency right where is that going right inside that house that's where that's going right inside that house as that home builder tries to pull that moisture out and paint over a problem and try to unload it to an unknowing buyer so we're walking into something huge inside of the State of Florida and I believe insurance is going to push so many homeowners to either a opt out of insurance altogether but you have to own your property outright to self-insure it or B they're going to have to walk away either selling it or foreclosure but regardless major major problems coming from the Florida housing market developer Patrick Neil of Neil communities is building 6,500 homes here across 2700 Acres it's 4.2 miles to get from one side to the other he's also putting 120,000 square feet of office space and there's going to be everything you could possibly imagine here but when you look at what these big big developers are doing it's really shocking really you think about it if you go buy a normal everyday American home and you live in a suburb and you need a car to get two and from the grocery store and you know so forth you need to move around navigate well when you live in one of these massive communities and they have the grocery stores they have everything you possibly want and they're going to have little shuttle buses and things like that you don't need a car you don't need car insurance that car payment gas the car expenses you might save you 1,200 bucks a month all in right but when you live in one of these micro units or you live in one of these little cities here cuz that's really what they are when you're talking four miles that's a city right right you think about this how does the everyday American homeowner that lives you know where you need a car how do they compete with this this project is going to be a 15-year project these developers are thinking so far ahead it's really shocking you would have never imagined a community like this 5 or 10 years ago now this is kind of normal you know drop a th000 houses here 5,000 houses here it's absolutely wild but you think about this all this Farmland you can see the cows in the background here all of this Farmland is gone so you think about what that means for meat what that means for food production I mean this is absolutely unreal look at Laurel Meadows here in Sarasota Florida to get an idea as to what's coming for insurance this neighborhood was just hit by a storm a major flood just a couple weeks ago and now look at what's happening every home is full of these pods and these units every homeowner is suffering massive losses most of these homeowners have no flood insurance it's not next to water it's not next to the ocean look at this look at all of this money lost imagine what this will do to homeowners property values what this means for Equity that was just stripped from these homes because all of this moisture that happened to the structure all the mold all of you everything needs to essentially get ripped out everything has to get redone entirely I mean look at this this is just one street but the entire street is like this the entire neighborhood watch I'm going to go over here and I'm going to show you all of the workers everyone's out front everyone's trying to help everyone's trying to find a solution but you think what is this going to mean for the these homeowners with no insurance that you know really just don't have the money right A lot of people are in a lot of trouble here there's no place like Florida it's absolutely beautiful and it's done a lot of good for a lot of people the last several years inside of all the craziness it's brought a lot of great businesses and a lot of great entrepreneurs and a lot of great people to the state but there is no denying the amount of issues that are coming for property owners and new residents of Florida the amount of new construction is absolutely un believable the amount of insurance increases is absolutely shocking but if you have the cash it's an incredible spot to be the next couple years I believe cash is going to be king and there's going to be a lot of opportunity to seize beautiful beautiful properties over the next couple years if you are an investor because who would have taken who would have really thought and taken any consideration for 500% increases on property insurance the changing economy who would have considered any of these things nobody would have thought that this is possible but those that are positioned to move forward and take advantage of this wealth building opportunity are going to capitalize I mean look at how stunning this is look at this right it's not just Sarasota it's Tampa it's Miami all these beautiful beautiful beachfront locations are going to be on sale cuz homeowners aren't going to be able to withstand the heat that's going to be coming to them through their insurance premiums or taxes increases and they're changing job environment a lot is happening in Florida but if you are an investor you're somebody that is well positioned I believe 2025 2026 will present a massive opportunity for you inside of this beautiful beautiful state consider subscribing today and if you'd like to fix your credit to position yourself or funding to invest maybe in Florida we'd love to help you if you have any issues at all in your credit report late payments medical bills charge off forclosures bankruptcies repossessions or any derogatory items go to greated fast.com click the link in the description just below this video schedule a free call for tomorrow and check out views on Charles pilot catch you next video